John Basila

If you've been wanting to move to Ken Caryl Ranch, now might be a great time to take advantage of the bargains to be found. Ken Caryl Ranch Real Estate performed poorly in 2010, so odds are good that 2011 will be a better year.

Although Ken Caryl Ranch Real Estate sales were flat in 2010, prices continued to decline on the average sale.

The number of foreclosures in the Ken Caryl Ranch was steady in 2010, hovering at about 15%, which was the same as 2009. When looking at current Ken Caryl Ranch Homes For Sale, only one of the 10 Active properties is "distressed".

More bad news for 2010 was that the average time on the market for Sellers was significantly higher than in the past few years.

Another indication that prices were soft for Ken Caryl Ranch Real Estate in 2010 comes from comparing the actual sales price to the original listing price. We see that it's been a little tough to price properties over the past few years.

The good news, at the moment, for Ken Caryl Ranch Real Estate, is that there's less competition on the market, making it a better market for Sellers. With an average of 3.25 homes sold per month, and only 10 homes on the market, the inventory is down to three months of supply! This is close to being a "Sellers" market for the next month or two.

As Spring arrives, more homes will hit the market, which will erase any advantage that Sellers might have right now. If you're considering selling your Ken Caryl Ranch home, contact John Basila for a confidential consultation.

If you're interested in buying a home in Ken Caryl Ranch, there are still a few bargains to be found, with a lot more coming this Spring. Contact John Basila for more information.

Taking a look at Governor's Ranch Home Sales In 2010, you might become a little optimistic!

Although our Average Price for Sold homes in Governor's Ranch is still seven percent below 2008, this past year has given us a good indication of how our neighborhood has started to improve.

Some of the good news comes from data about Distressed Properties. These are properties that have gone through foreclosure and were sold by the Bank or the Government. The number of foreclosed homes in Governor's Ranch has remained steady over the past three years, with three in 2008 and only two in 2009 and two in 2010.

The number of Governor's Ranch Home Sales in 2010 improved, as well. Although still not as high as the 46 homes sold in 2008, we saw a nice improvement during this past year.

When looking at pricing, the Average Sold price is still lower than the 2008 average of $369,244. Compared to 2009, however, we're seeing a small improvement in prices.

Since Governor's Ranch hasn't had a significant number of distressed properties, we haven't had to face the consequences of markedly lower prices that have affected neighboring communities.

There is some even better pricing news in terms of Price Per Square Foot. Governor's Ranch Home Sales in 2010 yielded a higher Price/Square Foot than 2009. When considering Price/Square Foot for Finished square footage, 2010 was even better than the $134/SF from 2008 or the $128/SF in 2009.

According to the current list of properties for sale in Governor's Ranch, there are currently no Distressed Properties on the market. This is, hopefully, another indicator that our neighborhood has stabilized.

With this week's Interest Rates still hovering around 5.0%, and prices starting to rebound, now is a perfect time to "trade up" to your dream home. For a free consultation on your home's value, contact Littleton Realtor John Basila: (303)589-9034 or get your report via email.

As the year comes to a close, it's a perfect time to provide an update on Columbine West Home Sales in 2010.

This past year was actually a good year for Sellers & Buyers in Columbine West, an active community in Littleton, CO. Since 2007, there have been an average of 4 homes sold each month in Columbine West. There were 10% More Columbine West Home Sales in 2010 than in an average year.

I wish that I could confirm that prices improved, but there are a number of factors that play into pricing. On one hand, the average Net Sold price dropped a little in 2010 from last year. However, compared to 2008 when we had the most Foreclosures in the neighborhood, the Average Sales Price performed as expected.

The good news for Columbine West Home Sales in 2010 is in looking at an apples to apples comparison over the past few years. The average Cost Per Square Foot has remained fairly stable, and the Cost Per Square Foot (Finished) has improved.

This means that, even with the impact of Foreclosures and Short Sales on the neighborhood, prices have leveled off. This is good news for Sellers and for those that have recently purchased a home in Columbine West.

If you're interested in Selling or Buying a Columbine West home, visit columbinewesthomes.com for updates on local properties, as well as photos and videos of the neighborhood.

As your Littleton Realtor and neighbor, I look forward to helping you Buy or Sell your next home. My Sellers "Net" 99.5% of their asking price - which is way above the 97% average in Columbine West. My Buyers enjoy my high-quality service no matter how expensive/inexpensive their price range is. And, all of my clients benefit from my strong negotiation skills!

Although I specialize in Littleton Real Estate and Denver Luxury Homes, it is my pleasure to sell homes throughout the Denver Metro. Call today for your free consultation: (303)589-9034

The Denver Real Estate Market Is Improving!

Wait a minute, hasn't every TV station and Newspaper across the city and nation been shouting the demise of our Real Estate Market and how it will impact a recovery?? It's been the top of their news today and yesterday...

Trust me when I tell you that the sky is not falling! The Denver Real Estate Market Is Improving!

Denver, like most of the nation, saw a huge decline in Home Sales in July 2010 vs July 2009.

Oh No!! That's a 26% Drop!! Isn't the Sky Falling??

Please realize, dear reader, there are a number of factors that caused the decline. Chief cause would be linked to the Government's Tax Credits that led people to buy a few months ahead of schedule.

When you review the most recent 10-County Metro statistics from Metrolist, the Denver MLS, you can see the The Denver Real Estate Market Is Improving!

When we look at the total homes Sold Year To Date, we're actually a little bit ahead of 2009. With the Government stimulus removed from the market, we'll likely revert to historical buying patterns. But, the good news is that Interest Rates are at their lowest point in our lifetimes! I believe that this will have an even more positive impact on the market, attracting people who want to lock in these great Interest Rates for as long as they can!

Another reason why The Denver Real Estate Market Is Improving! is that our prices are increasing.

When comparing Denver Metro prices, we can see an increase in July 2010 over July 2009, and also our Year To Date prices have improved.

Although it's not a double-digit increase, I believe that 7.8% is a very healthy indicator of our market's health.

So don't believe everything you hear or read from the mainstream media. It's a sensational story to report significant declines and worsening economies.

You, of course, know better!! The Denver Real Estate Market Is Improving!

Bring the family over to Erie,CO Airport Air Fair Saturday 8/21/10 starting at 7:30am for a day full of excitement!

A B-25 Bomber and a C-47 (like a DC-3) will be at the Erie,CO Airport Air Fair Saturday giving rides (for a charge). The C-47 Cargo Plane will be giving one-way rides up to 13,500 feet, allowing everyone to jump out. Be sure to bring your own parachute!! There will be multiple jumps, and hopefully these will be record-setting numbers of paratroopers over Erie!!

The Erie,CO Airport Air Fair Saturday has a lot going on!! Admission will be $3 for Adults and Kids under 12 get in free! There will be free airplane rides by the local EAA for kids 8-17. Get there early, as the rides are on a first come/first ride basis with a limited number of spots.

If you're hungry, Jakes Pancakes will be available (with sausage, juice, coffee) for $6. There will also be a number of booths around the airport.

Come by my booth at the Erie,CO Airport Air Fair Saturday for your chance to win one of two "Discovery Flights" for people interested in being a pilot someday. These Discovery Flights offer some ground school and some flight instruction. They're valued at $100 each, so come say hello and register for your chance to win!!