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Wendy Bibeau, Realtor - Denver Colorado Real Estate

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Greenfield Subdivision, Colorado - Real Estate Market Statistics - October, 2009

10-28-09
Wendy Bibeau, Realtor - Denver Colorado Real Estate

The following data covers the past 3 months (7/28/09-10/28/09). There has been quite a bit of activity in the neighborhood lately. Nine homes are currently under contract, which leaves only seven currently on the market. It might now be a bad time to list your home if you have been considering it.

Sold Greenfield Homes Stats :

  • 9 homes sold (3 in each month)
  • Average Days on Market: 90
  • Average Net Sold Price: $342,558
  • Average Net Sold Price Per Square Ft: $124
  • Highest Sale Price: $395,000
  • Lowest Sale Price: $302,500
  • Net sold price/original asking price: 97.5%

Sold Greenfield Homes By Address:

Date Address Sold Price*
Fin.
Sq. Ft. 		Days on Market
10-9-09 6505 S. Killarney Ct $300,000 2,695 155
10-8-09 20683 E. Fair Ln $308,523 2,538 24
10-8-09 6697 S. Killarney Ct $359,000 3,122 216
9-25-09 6224 S. Jericho Ct $304,000 3,154 17
9-24-09 20511 E. Weaver Ave $359,000 2,989 169
9-15-09 5906 S. Jebel Ct. $395,000 4,870 12
8-26-09 6496 S. Jericho Way $380,000 3,517 16
8-21-09 20557 E. Caley Pl $302,500 2,648 27
8-3-09 20499 E. Weaver Ave $365,000 2,997 178

*after any concessions by seller, such as down payment or closing cost assistance

Current Greenfield Homes For Sale:

  • 7 homes on market
  • Given recent sales pace, this is only a 2.3 month supply
  • Average Total Days on Market: 172
  • Average List Price: $292,043
  • Average List Price Per Square Ft: $128
  • Highest List Price: $336,500
  • Lowest List Price: $230,000

Pending (Under Contract) Sales:

  • 9 homes under contract
  • Average Total Days on Market: 92
  • Average List Price: $355,767
  • Average List Price Per Square Ft: $120
  • Highest List Price: $405,000
  • Lowest List Price: $290,000
Looking to sell your Greenfield home? Contact The Bibeau Group, your Greenfield real estate experts, for more information on how WE can help!
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Greenfield Subdivision, Colorado - Real Estate Market Statistics - August 2009

08-13-09
Wendy Bibeau, Realtor - Denver Colorado Real Estate

Greenfield ClubhouseThe Bibeau Group has prepared the following statisitcs on the real estate market in the Greenfield neighborhood of Centennial, CO. Greenfield is a subdivision in the Cherry Creek School District in the southest Denver metro area. The following information was compiled on August 11, 2009*.


Sold Greenfield Homes Stats :

  • 11 homes sold (including 5 in June)
  • Average Days on Market: 72
  • Average Net Sold Price: $310,750
  • Average Net Sold Price Per Square Ft: $121
  • Highest Sale Price: $213,500
  • Lowest Sale Price: $410,000
  • Net sold price/original asking price: 97%

 

 

Sold Greenfield Homes By Address:

Date Address Sold Price*
Fin.
Sq. Ft. 		Days on Market
5-12-09 20252 E. Lake Ave. $300,000 3,226 87
5-21-09 5923 S. Ireland Ct. $406,000 4,728 97
5-22-09 20614 E. Lake Dr. $220,000 1,864 243
5-29-09 6278 S. Killarney Ct. $291,000 2,819 63
6-05-09 20181 E. Maplewd Pl. $325,000 3,444 13
6-16-09 20228 E. Lake Ln. $410,000 5,313 15
6-18-09 6156 S. Jericho Way $250,000 4,120 2
6-29-09 20671 E. Euclid Dr. $380,000 3,122 13
6-30-09 20697 E. Lake Ave $213,500 1,670 22
7-22-09 20294 E. Maplewood $355,000 3,749 118
8-3-09 20499 E. Weaver Ave $365,000 2,997 178

*after any concessions by seller, such as down payment or closing cost assistance


Current Greenfield Homes For Sale:

  • 16 Greenfield Homes for Sale
  • Given recent sales pace, this is a 4 month supply
  • Average Total Days on Market: 96
  • Average List Price: $341,350
  • Average List Price Per Square Ft: $129
  • Highest List Price: $439,900
  • Lowest List Price: $269,000


Pending (Under Contract) Sales:

  • 6 homes under contract
  • Average Total Days on Market: 78
  • Average List Price: $325,308
  • Average List Price Per Square Ft: $125
  • Highest List Price: $398,850
  • Lowest List Price: $255,000

Looking to sell your Greenfield home? Contact The Bibeau Group, your Greenfield real estate experts, for more information on how we can help!

*All information is based on information from Metrolist, Inc. for the period May 11, 2009 through August 11, 2009. Note: This representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by Metrolist may not reflect all real estate activity in the market.

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Denver Real Estate News Highlights - August 10, 2009

08-10-09
Wendy Bibeau, Realtor - Denver Colorado Real Estate

Here is The Bibeau Group's most recent summary of Denver Real Estate headlines. The following are excerpts, but you are able to read the complete stories by clicking on the links. Please let us know if you have any questions about the articles or what they might mean for your personal situation.

Denver scores best month of 2009 for home resales

"July home resales in metro Denver were the best of any month yet in 2009, but still down from the same month of 2008, according to Metrolist Inc. data released Friday by member brokers. Home resales -- which are sales of single-family homes and condominiums that have been sold at least once before -- reported by Metrolist increased 6.1 percent last month to 4,440 from 4,186 in June. "The Denver resale market is alive. The price range of $200,000 to $300,000 continues to be the area of major activity in the residential home arena," Gary Bauer, an independent broker in Littleton, said in a statement."

Denver Ranks No. 45 for Foreclosures

"The Denver-Aurora metro area ranked No. 45 in the nation for foreclosures in the first half of the year, the latest sign that while the local real estate market is improving, while much of the rest of the country is still caught in the downward spiral of people losing their homes. A mid-year report released today by RealtyTrac, based in Irvine, Calif., shows that foreclosures in the Denver-Aurora area are down 29.43 percent in the first half of the year."

Nov. 30 deadline looms for first-time buyer's credit

"First-time home buyers have just four months — until Nov. 30 — to close on a home to take advantage of the $8,000 federal tax credit. A first-time buyer is defined as someone who has not owned a principal residence for the past three years or has never owned a home. The home you purchase can be a condo, townhome, patio home, houseboat, manufactured home, or single family home. It must be priced at $80,000 or higher to get the full tax credit. The 2009 tax credit does not need to be repaid if you live in the home as your principal residence for 36 months.

Recognizing that some first time buyers are unable to buy due to the lack of down payment, HUD has put together a program to allow families to use the tax credit toward closing costs, to buy down the interest rate, or make a bigger down payment on FHA loans. Colorado Housing Finance Authority also has a policy that allows first time buyers to take advantage of the tax credit for down payment and closing costs. These programs coupled with the tax credit will help people enter the market that might otherwise be unable to do so. Their purchases will help trigger other sales as those sellers move to different homes. Check with your tax adviser to see how the tax credit would benefit you."

Now's the Time to Buy Your Dream House
If you can afford it, home prices remain at an all-time low and selection an all-time high

"There is an opportunity in residential real estate ownership unlike any we've seen in quite a long time, a perfect storm of sorts that is unlikely to last much longer. Home prices are down, interest rates remain near historical lows, and inventory is high. Thus, those with stable jobs and good credit can find their dream home, pay a price lower than any time in the last five or more years, finance it at a very favorable interest rate, and thereby be perfectly positioned for the housing recovery that the magazine wrote about."

Denver among top U.S. cities for getting a raise

"Chances are three out of four that your Denver-area company is giving out raises this year, a survey out Tuesday indicates. In fact, Denver ranks No. 5 on a list of the 10 best U.S. cities for getting a raise, according to the poll by WorldatWork, a global human resources association. The survey says 76 percent of Denver companies are giving raises to "middle performers," and the average raise is 2.1 percent."

Economists say the recession is ending; When Colorado will recover is open to debate.

"A rising chorus of economists are declaring an end to the longest U.S. recession since the 1930s, a necessary step for Colorado's recovery. "The 'Great Recession' is no more. It's over, finished, kaput!" declared Jeff Thredgold, an economist with Vectra Bank Colorado. Thredgold serves on three national forecasting groups, and all predict economic growth will return this quarter and continue into next year. But local economists differ on whether Colorado's downturn will also end this quarter, with some cautioning that job losses will continue far into 2010. "Although the state went into the recession later than the nation, we are forecasting it to come out at roughly the same time," said Tim Sheesley, chief economist with Xcel Energy."

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Heritage Place Subdivision, Centennial CO - Real Estate Market Report

08-10-09
Wendy Bibeau, Realtor - Denver Colorado Real Estate

Heritage Place is a neighborhood in Centennial CO, about one mile west of I-25 and Arapahoe Road. It was built in the mid-1970's. Residents of the neighborhood benefit from high quality Cherry Creek Schools, as well as a location that is convenient to shopping, restaurants and several great parks.

A recent review of the neighborhood real estate statistics follows.

Sold Properties (2/9/09-8/9/09):heritage place neighborhood

  • All of the properties sold during the past 6 months were tri-levels, with the exception of 1 ranch
  • Average days on market was 57
  • Average net price per square foot was $150
  • Over the past six and twelve month periods, the average sales pace in the neighborhood has been 1.3 homes per month (absorption rate)
  • Over past 3 months, the selling pace is 2 per month: Activity has picked up

Under Contract Properties (as of 8/9/09):

  • There are 4 homes under contract right now (1 tri-level and 3 two-stories), one is a short sale. The asking prices for these properties range from $260,000-$389,000
  • The average days on market for these 4 under contract properties was 92

Homes Currently on the Market (as of 8/9/09):

  • There are three Heritage Place homes for sale currently, with prices ranging from $299,900-$399,950
  • Average list price per square foot (currently active properties) = $131
  • With 3 homes on the market now, there is a 1.5 month supply at the current absorption rate

For more information about community amenities and events, the Homeowner's Association website is a great source. If you are thinking about selling your Heritage Place home, we would be happy to chat with you and provide a no-obligation home valuation. You can reach us via email, phone, text or live chat!

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Piney Creek - Centennial/Aurora CO - Market Report, 8/6/09

08-07-09
Wendy Bibeau, Realtor - Denver Colorado Real Estate

Home buyers and home sellers in the Piney Creek area in Centennial/Aurora, CO should be aware of the most recent real estate market activity. Statistics over the past four months are showing us that the market is very different depending on what price range one is looking at. For example, data from the past 4 months show us that:

  • The $300-400K price range makes up 42% of current supply and 47% of solds
  • The $400K and above price range makes up 40% of actives, but only 13% of sold
  • The $500K and above price range makes up 30% of actives, but only 7% of solds
  • 86% of the Solds in past 4 months have been at $400K and lower

Take note in the chart below of the final column, showing the the number of months of inventory is on the market, given the current sales pace. There is a notable difference in the market above $400K.

If you are in need of further information or assistance, please feel free to give us a call or visit our website any time. Also, there is a live chat box in the sidebar...if we are online, send us your question or needs for real-time assistance.

Price

Active

Under Contract

Sold

Sold per mo.

Supply of homes (in # of mos.)

$100-200K

n/a

n/a

8

2

n/a

$201-300K

12

4

15

3.75

3.2

$301-400K

29

9

28

4

4.14

$401-500K

7

3

4

1

7

$501-600K

6

3

3

.75

8

$601-700K

8

1

1

.25

32

$701K+

7

1

0

n/a

n/a
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