Home Builders Adapt 24-Year Old Real Estate Tradition to Current Conditions in the Home Construction Industry
For anyone who enjoys checking out the high-end jewels showcased in the annual Parade of Homes in Denver, get ready for a new format this summer.
The event's organizer, the Home Builders Association of Metro Denver, has decided to focus on already built homes throughout Metro area, rather than building several showcase homes in one neighborhood, as has been done in the past.
"The Home Builders Association of Metro Denver is changing the format of its Parade of Homes this year in light of the current housing slump. The 2009 event will be called the Denver Luxury Home Tour, and will feature already built homes on the market for $1 million-plus located at multiple locations metrowide.
The 2009 luxury-home tour will run Fridays, Saturdays and Sundays, June 5-July 5.
“Despite the housing slump, our association is committed to promoting our homebuilding industry, and our members felt that this approach would better serve the public as well as homebuilders,”
Details are set to be announced soon and The Bibeau Group will update you as soon as the information becomes available.
The Greenfield neighborhood is located in Centennial, Colorado. The area is very close to the Southlands shopping district and E470. Children living in the neighborhood attend excellent Cherry Creek Schools, including Rolling Hills Elementary, Falcon Creek Middle School and Grandview High School. The most recent real estate statistics for this area are as follows: During the past 90 days (February 29 - April 29, 2008):
NOTE: Last year during this same period (3/17/07-6/17/07), 11 homes sold in Greenfield at an average net sold price of $347,876 - with an average Days on Market of 27.36, and average net price per square foot of $130.
| Sold date | Address | Sold Price (after any concessions) |
Asking Price | Fin. Sq. Ft. |
Days on Market |
| 3-21-08 | 6637 S. Killarney Ct. | $354,000 | $369,000 | 2648 | 38 |
| 3-28-08 | 20574 E. Caley Drive | $231,500 | $230,000 | 1920 | 72 |
| 3-31-08 | 20611 E. Euclid Drive | $359,000 | $366,600 | 3026 | 155 |
| 4-11-08 | 6439 S. Jericho Way | $370,100 | $374,900 | 2750 | 33 |
| 4-28-08 | 6148 S. Killarney Dr. | $269,986 | $278,100 | 1794 | 38 |
| 4-30-08 | 5944 S. Ireland Ct. | $408,000 | $415,000 | 3219 | 97 |
| 4-30-08 | 5991 S. Himalaya Ct. | $489,900 | $499,900 | 3026 | 18 |
| 5-16-08 | 6121 S. Kirk St. | $330,500 | $339,900 | 2236 | 40 |
| 6-16-08 | 20563 E. Maplewood Ln. | $255,000 | $265,000 | 2295 | 114 |
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The Greenfield neighborhood is located in Centennial, Colorado. The area is very close to the Southlands shopping district and E470. Children living in the neighborhood attend excellent Cherry Creek Schools, including Rolling Hills Elementary, Falcon Creek Middle School and Grandview High School. The most recent real estate statistics for this area are as follows:
During the past 90 days (February 29 - April 29, 2008):
- 9 homes sold in Greenfield (7 more are currently Under Contract)
- Average net sold price was $342,732 (ranged from $231,500 to $550,000)
- Total Days on Market average was 85
- These 7 homes sold for 97.77% of their list price and 91.3% of their original asking price
- Average net price per square foot was $132
Last year during this same period (2/29/07-4/29/07), 5 home sold in Greenfield at an average net sold price of $334,220 - with an average Days on Market of 55, and average net price per square foot of $142.
| Sold date | Address | Sold Price (after any concessions) | Asking Price | Fin. Sq. Ft. | Days on Market |
| 1-28-08 | 6566 S. Killarney Ct | $325,000 | $330,000 | 2648 | 123 |
| 1-31-08 | 6145 S. Jericho Way | $265,000 | $281,500 | 2789 | 33 |
| 2-28-08 | 6545 S. Killarney Ct. | $360,000 | $365,000 | 2648 | 3 |
| 2-29-08 | 20476 E. Euclid Ln. | $550,000 | $560,000 | 3122 | 193 |
| 3-21-08 | 6637 S. Killarney Ct. | $354,000 | $369,000 | 2648 | 38 |
| 3-28-08 | 20574 E. Caley Drive | $231,500 | $230,000 | 1920 | 72 |
| 3-31-08 | 20611 E. Euclid Drive | $359,000 | $366,600 | 3026 | 155 |
| 4-11-08 | 6439 S. Jericho Way | $370,100 | $374,900 | 2750 | 33 |
| 4-28-08 | 6148 S. Killarney Dr. | $269,986 | $278,100 | 1794 | 38 |
In a previous blog, we introduced you to a new development in southeast Aurora called Southshore. The Parade of Homes took place at this location in 2007 from July 28 through September 3.
More recently, Southshore was the recipient of the ‘Community of the Year' award by the Home Builders Association (HBA) of Metro Denver.
According to the official BAR Awards website, these awards are given to those who ‘Raise the Bar' and set a new standard of excellence in the Denver home building industry.
Home builders in eight Denver Metro counties were eligible. In addition to the prestigious Community of the Year selection, other BAR Awards were presented for interior merchandising, print and radio campaigns, website design, sales office design, logos, brochures, and signage.
The Community of the Year Award is presented to the HBA Builder/Developer for the best overall marketing and community presentation of a master planned community. Judging criteria for this award included:
An impartial panel of out-of-state home building industry experts, consisting of builders, developers, architects, interior designers and sales and marketing professionals, judged the entries. Judges were selected to produce a well-rounded and geographically diverse panel. One of the HBA's requirements for judges was that they had not performed work of any kind in the Denver area for the past five years.
According to the Denver Post, Southshore has now been named a finalist for the National Association of Home Builders' Community of the Year Award. The winner will be announced February 13, 2008 at the 2008 International Builders' Show in Orlando, Florida.
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