Highlands Ranch Real Estate ~ Financing Types for Home Purchases
October 2009
The majority of Highlands Ranch home buyers used conventional loans to finance their home purchase in October. FHA loans were used mostly for loans between $200,000 and $325,000 sales. Fifteen homes sold for a price of $450,000 or more and each one of them was purchased using a conventional loan. A total of 97 homes sold in October in Highlands Ranch CO.
In October 2008 conventional loans were used 69% of the home purchases. A total of 126 homes sold in Highlands Ranch in October 2008.
*Disclaimer: Data based on information from Metrolist, Inc. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area. Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Copyright 2009.© Kenna Real Estate. Rita Burke. All Rights Reserved. Nov 22nd 2009. "Highlands Ranch Real Estate - Financing types for home purchases"
Highlands Ranch Real Estate ~ Firelight Home Sales
October 2009
Firelight Highlands Ranch home sales took a dip in October from September. However I took a sneak peak to November and already eight houses have sold in November. All but one house that sold in October sold for in the high 80% of the original listing price. One of the homes sold was a bank owned property and it sold for significantly less per square foot that the other homes. $110 per square foot compared to $140 or more per square foot.
The home sales in Firelight are about 74% of where they were last year this time and as in many other neighborhoods in Highlands Ranch the average days on the market has increased noticably. Some of this increase in days on market is because short sales are typically on the market for a lengthy period of time before closing pushing the average days on the market higher.
Firelight Highlands Ranch Home Sales
| Sept | Oct | |
| Closed Sales | 12 |
6 |
| Average Sales Price | $303,228 | $396,833 |
| % of Original List Price | 93.1 | 89.1 |
| Average Days on Market | 167 | 71 |
| Average Price /sq ft | $154 | $142 |
Days on Market = total days on market.
Firelight Home Sales comparison 2009 vs. 2008
From Jan 1st to Oct 31st
| Yearly Comparison | 2009 |
2008 |
| Closed Sales | 90 | 121 |
| Average Sold Price | $344,145 | $371,096 |
| Lowest Sold Price | $225,000 | $234,500 |
| Highest Sold Price | $700,000 | $750,000 |
| Average % of Original List Price | 93.8% | 95.6% |
| Lowest % of Original List Price | 80% | 81.9% |
| Highest % of Original List Price | 104.3% | 103.6% |
| Average Days on Market | 94 | 67 |
| Lowest Days on Market | 0 | 0 |
| Highest Days on Market | 625 | 380 |
| Average Price per Sq Foot | $153/sf | $157/sf |
| Lowest Price per Sq Foot | $110/sf | $124/sf |
| Highest Price per Sq Ft | $224/sf | $234/sf |
As of Nov 22nd, 2009 there are 54 homes for sale in Firelight Highlands Ranch. The listing prices range from $269,000 to $749,500. The price per square foot ranges from $109 to $213 per square foot.
Search homes for sale in Firelight
Closed Sales in Firelight Highlands Ranch from Jan 07 to Jul 09
This Highlands Ranch Neighborhood Market Report is brought to you by Rita Burke, Kenna Real Estate. The report is for detached residential single family homes only and may not include all sales activity in the area. Figures for sold prices used are NET sold price, price after seller concessions or down payment assistance, if they were any. This report or any part of it may not be used without permission.
Greenwood Village | Cherry Hills Village | Highlands Ranch | Lone Tree | Castle Rock
*Disclaimer: Data based on information from Metrolist, Inc. for period of 1/1/2007 through 8/30/2009. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area.
Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Copyright 2009.© Kenna Real Estate. Rita Burke. All Rights Reserved. Aug 30th 2009. "Firelight Highlands Ranch CO Real Estate Trends"
Highlands Ranch Home Sales - The Hearth Oct 09
Twelve houses sold in The Hearth in Highlands Ranch in October. One less than in Oct 2008. The average days on the market has more than doubled since last October. The home values in the Hearth have gone down about 5% since early parts of 2008. So, for example if a house sold for $290,000 in Jun 08, today you could expect to get $280,000. However this is not for each and every house.
The few ranch style homes that are sprinkled between the typical 2-story houses in the Hearth have been for the most part seen even larger depreciation.
The Hearth, Highlands Ranch Home Sales
| Oct 08 | Oct 09 | |
| Closed Sales | 13 | 12 |
| Average Sales Price | $405,700 | $353,978 |
| % of Original List Price | 95.6% | 93.4% |
| Average Days on Market | 69 | 153 |
| Average Price /sq ft | $155 | $160/sf |
| Pending | 14 | |
| Number of Active Listings | 49 | |
| New Listings | 11 |
Days on Market = total days on market.
45 homes are for sale in the Hearth in Highlands Ranch as of Nov. 20th, 2009. The listing prices range from $265,900 to $699,000. The price per square foot ranges from $140 for a short sale to $250 per square foot for a ranch style home. Five homes for sale are listed as short sales.
Search Homes for Sale in The Hearth
Closed Sales Jan 07 to Jul 09 - The Hearth, Highlands Ranch
This Market Report is brought to you by Rita Burke, Kenna Real Estate. The report is for detached residential single family homes only and may not include all sales activity in the area. Figures for sold prices used are NET sold price, price after seller concessions or down payment assistance, if they were any. This report or any part of it may not be used without permission.
*Disclaimer: Data based on information from Metrolist, Inc. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area. Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Copyright 2009.© Kenna Real Estate. Rita Burke. All Rights Reserved. Nov 20th 2009. "Highlands Ranch Home Sales The Hearth Oct 09".
The Highwoods Highlands Ranch Home Sales ~ Oct 09
One house sold in The Highwoods in Highlands Ranch in October. The house was a bank owned property and it sold in seven days for $200 per square foot. The house was originally on the market for over 450 days - before appearing on the market as a bank owned home.
The Highwoods is one of the three gated communities in Highlands Ranch CO.
| Oct 2009 |
Year-to-date 2009 | |
| Closed Sales | 1 | 4 |
| Average Sales Price | $900,000 | $1,187,500 |
| Median Sales Price | $900,000 | $1,162,500 |
| % of Original List Price | 97.8% |
89.5% |
| Average Days on Market | 7 | 289 |
| Average Price/square foot | $200 | $254 |
| Pending Sales | 1 | |
| New Listings | - | |
| Active Listings | 6 |
Days on Market = total days on market.
The Highwoods Home Sales comparison 2008 vs. 2009 (year-to-date)
| Yearly Comparison | 2009 |
2008 |
| Closed Sales | 4 | 7 |
| Average Sold Price | $1,187,500 | $1,217,321 |
| Lowest Sold Price | $725,000* | $1,050,000 |
| Highest Sold Price | $1,700,000 | $1,700,000 |
| Average % of Original List Price | 89.5% | 87.6% |
| Lowest % of Original List Price | 78.5% | 75.5% |
| Highest % of Original List Price | 97.8% | 96.5% |
| Average Days on Market | 289 | 218 |
| Lowest Days on Market | 7 | 8 |
| Highest Days on Market | 500* | 737 |
| Average Price per Sq Foot | $254/sf | $228 |
| Lowest Price per Sq Foot | $160* | $417 |
| Highest Price per Sq Ft | $329 | $888/sf |
*Short Sale.
As of Nov 19th, 2009 there are six houses for sale in The Highwoods luxury homes community. The prices range from $1,150,000 to $1,585,000. The price per square foot ranges from $277/sf to $379/sf. One house is currently pending sale.
Search homes for sale in The Highwoods Highlands Ranch
Some of the numbers used in this market watch are for only one month of activity. Therefore they can sometimes look extreme due to the small sample size.
This Real Estate Market Report is brought to you by Rita Burke, Kenna Real Estate. The report is for detached residential single family homes only and may not include all sales activity in the area. Figures for sold prices used are NET sold price, price after seller concessions or down payment assistance, if they were any. This report or any part of it may not be used without permission.
Greenwood Village | Cherry Hills Village | Highlands Ranch | Lone Tree
*Disclaimer: Data based on information from Metrolist, Inc. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area. Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Copyright 2009.© Kenna Real Estate. Rita Burke. All Rights Reserved. "Highlands Ranch Real Estate The Highwoods Home Sales"
The Preserve Greenwood Village Home Sales
The Preserve Greenwood Village Homes have been selling at the rate of 1-2 per month this year. So far 18 houses have sold in The Preserve in 2009. A few more houses sold in 2008. The inventory remains at even 30 houses on the market at the end of October.
One of the bigger statistical differences this year compared to 2008 is that homes are selling on average for less per square foot. The average in 2008 was near $400 per square foot. This year depending on the month the price per square foot has dipped to low 200s and averages around $340 per square foot.
| 2009 |
Aug | Sep | Oct |
| Closed Sales | 1 | 2 | 1 |
| Average Sales Price | $1,206,000 | $1,971,250 | $1,125,000 |
| Median Sales Price | $1,206,000 | $1,971,250 | $1,125,000 |
| % of Original List Price | 89% | 76.1% | 87.2% |
| Average Days on Market | 147 | 361 | 126 |
| Average Price /sq ft | $297 | $338 | $226 |
| Pending | 1 | - | 1 |
| Number of Active Listings | 31 | 31 | 30 |
| New Listings | 4 | 3 | 1 |
Days on Market = total days on market.
As of Nov. 15th, 2009 there are 28 homes for sale in The Preserve in Greenwood Village CO. The prices range from $864,900 to $8,900,000. The price per square foot ranges from $271 to $979 per square foot. Two of the houses on the market are lender owned new construction and the lender has cut prices drastically. One of these bank owned homes is offered at 50% of the original price! (call for details).
Homes for sale in The Preserve in Greenwood Village
Some of the numbers used in this market watch are for only one month of activity. Therefore they can sometimes look extreme due to the small sample size.
If you have any questions or would like a custom Market Report for a specific area feel free to contact us at Kenna Real Estate
The Preserve Greenwood Village Real Estate Market Report is for detached residential single family homes only and may not include all sales activity in the area. Figures for sold prices used are NET sold price, price after seller concessions or down payment assistance, if they were any. This report or any part of it may not be used without permission.
Disclaimer
Copyright 2009.© Kenna Real Estate. Rita Burke. All Rights Reserved. Nov 15th 2009. "The Preserve Greenwood Village Home Sales"
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Brian Burke grew up in Littleton, CO and knows Denver inside and out. Brian has an extensive construction background and could build anything. He designed and built a home in Cherry Creek and has done numerous other building projects including apartments, commercial buildings and parks. Brian is extremely creative and persistant. His motto is "Taking care of Business". On a personal note when Brian is not working (not very often) you can find him at the gym or painting, he is an amazing artist. Brian loves to teach our baby new "tricks" and he is also a super great chef!
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Dear Brian,
Details of the Recommendation: "We hired Brian and Rita in November of 2007 to help us find our first home. Brian had worked with us over the previous 6 months, as a courtesy, to learn about our likes and what we wanted in a house. On our first day of looking at houses, we brought houses we were interested in, but Brian brought one he thought we would like based on his conversations with us. When we walked in the door of that first house, we knew that it was the one. Brian had taken our information and found the house of our dreams. It didn't stop there however. Brian was there throughout the process, bringing his background in construction to help my wife and I understand the inspection process and to ask the right questions during the process. I had always envisioned the homebuying process to be chaotic and painful, but Brian and Rita made our homebuying experience smooth and painless. My wife and I now refer Brian and Rita to anyone we know beginning or thinking on starting the homebuying process, and will continue to do so. They are knowledgeable, personable, and caring and go the extra mile for their clients. My wife and I highly recommend Brian and Rita Burke." Service Category: Real Estate Agent Year first hired: 2007 Top Qualities: Personable, Expert, High Integrity
J.Bock Buyer
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But Brian didn’t stop there. He arranged inspection and fought hard to make sure everything was correctly instigated. He coordinated financial paperwork. He gave us helpful hints on storage for our RV, window covering stores, and Brian hand delivered entry papers so our two sons could attend school when we arrived… the list goes on and on. Brian worked hard, above and beyond the call of duty, to make sure we would be comfortable and secure when we would move in.
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