There is a mixture of single family homes ranging from patio homes through to the Sanford Homes which sit on the west of the sub-development. Homes for sale in Westridge Glen, Highlands Ranch start from the low $200′s and go through to the mid $600′s. To see current homes for sale, CLICK HERE
One year ago the number of closed transactions (DEMAND) was down 6.4% and the number of active listings (SUPPLY) was up 5.2% over the prior year in metro Denver. But the story is different this year! Demand is up and supply has dropped! For January 2012 the number of closed, single-family transactions is up 15.6% and the number of active listings is down 39.1%. The supply of available properties has steadily declined over the last 12 months and the demand is now ticking upward. While it is too early to call the increase in demand a trend it is a clear shift from the previous year. We see the same pattern for multi-family properties (condos and town homes) with the demand up 10.4% and supply down 50%. The decreased inventory of available homes is enough to put upward pressure on property values and if demand continues to increase, the market should see measurable increases in value in the not-too-distant future. We shall see what the coming months bring as we move into the “buying season.” Let me know if you would like to discuss the dynamics of the real estate market where you live. |
Multi Family Stats |
Cherry Hills Village is located between downtown Denver and the Denver Technological Center. It maintains a rural atmosphere and high quality of life in the city. There are no commercial areas in Cherry Hills Village.
Golf and Recreation
The Cherry Creek Country Club includes a golf course that has been the site of three US Opens and two PGA championships. There is also the Glenmoor country club
Recreational facilities, including tennis and swimming clubs, abound in the area.
Shopping
The Cherry Creek Mall offers upscale shopping for the area.
Homes in Cherry Hills
Distinct neighborhoods within the community include Cherry Hills North, a friendly neighborhood of only 148 homes on one-third to half-acre sites; Old Country Club, with homes built by the first village residents; Cherry Hills Farms, with one-acre sites and magnificent abodes; Glenmoor, which attracts buyers to its elegant golf setting; Charlou, appealing to new custom home buyers; Covington, an elegant neighborhood of only 42 homes; Cherry Hills Park, with splendid estates, many with European-style gardens and water fountains, overlooking Cherry Hills Golf Course; Sunset Drive, whose magnificent estates could grace the covers of architectural design magazines; and the newer Buell Mansion, an exclusive, prestigious neighborhood on a private reserve with 110 stunning custom estates on one-half to 2 1/2-acre sites,
People have been looking at me like I have 2 heads when I say there is nothing for sale. Well I have the stats to prove it. According to an article in the Denver Post, the number of houses for sale shrunk to 10,443 in January, a 5% decrease from December.
It is nearly 7,500 down on the number available this time last year!!!
I had an instance only this week where a house had been on the market for 1 day, and had 5 offers within 24 hours. It then went to highest and best.
THERE IS NOTHING FOR BUYERS TO BUY!!!
So if you waiting for the spring, DON’T. If everyone is waiting for the spring, inventory will spring back to normal levels, and it could be harder to sell. The shift in the market has been unbelievable in a short space of time.
So call me today and we can discuss your options 720 226 4168
Highlands Ranch, Colorado is a 22,000 acre master planned community developed in 1981. Its sits just south of the C470 and west of I25. It has 23 parks, more than 70 miles of trails, and 2,200 acres of natural open space areas. In addition, there are two skate parks, an outdoor inline hockey rink, four dog off-leash areas, eight lighted public tennis courts, three lighted ball fields, an historic park and three community gardens. There are two golf courses in Highlands Ranch and great skiing and snowboarding is just an hour away.
Highlands Ranch homes are mainly single family modern homes however there are now many communities offering Townhomes and condo living.
If you are looking to buy a home in this area, you might consider a Highlands Ranch foreclosure. They are hot in demand though – there are currently 20 on the market. You could get a condo for $169k 2 beds / 2 baths. Or if you are looking for a single family home, they start from the high $180’s for a 2 bed / 3 bath and 1336 sqft up to $514k for a 5 bed / 5 bath homes.
You might also consider a HUD owned homes however at this current time, there is one on the market.
‘Distressed homes’ are moving quick … be ready! Have everything in place, and do anticipate a bidding war Call me to view any of these homes – 720 226 4168
Mark your calendars for Denver Restaurant Week – which is over the period February 25 – March 2012.
This is a two-week celebration of the culinary scene in Denver. Participating restaurants will offer a multi-course dinner for the fixed price of $52.80 for two, or $26.40 for one (not including tax or gratuity).
Restaurants included are Elway’s, Earl’s, Denver Chop House, and PF Changs
For more information, CLICK HERE
Are you a First Time Home Buyer looking to Buy a Home in Denver? This is such a great time with mortgage rates being low, prices not seeing huge increase, plus think about the other advantages such as tax benefits, pride in owning a home.
Please come to a FREE class on Thursday 16 February. To register for this First Time Home Buyers class, click here
See the video for more information, and give me a call to set an appointment so we can work out your buying needs.
First we get Ikea, then H&M, and now there is a possibility that Trader Joe’s may be coming to Colorado??
The California grocer has registered with the Colorado Secretary of State and plans to begin "transacting business or conducting activities" on April 1, according to the Daily Camera
A Trader Joe's spokesperson and the Mall's property manager declined comment. However, a source "close to the situation" told the Daily Camera the store will likely be located in Boulder’s Twenty Ninth Street mall.
Since Trader Joe’s, like all grocery chains, requires central distribution, it’s unlikely that Boulder will be the company’s only Denver metro area location.
Wow, check out this loan offering no mortgage insurance, allowing up to 100% LTV, using alternative tradelines for borrowers with limited or no credit and allowing 3% seller concessions – to name a few. There are certain guidelines to this product so, not everyone will qualify or is eligible for the program.
But you can a home from the low $100′s to $415K all with as little as $500 down! Contact me for more information
Rents in Denver rose by 6.7 percent in 2011, the eighth largest annual rent increase percentage in the nation according to a report issued Thursday by the Texas-based MPF Research. The report on the Denver rental market predicted that rental prices would rise by at least 6.5 percent.
Rent increases have occurred all over the Denver Metro area. In the Denver Tech Center area reached 8.6 percent, 7.5 percent in Littleton, 7.0 percent in south Aurora, 6.9 percent in intown Denver, 6.8 percent in south Denver and west Englewood and 6.8 percent in north Aurora. Only Westminster and Arvada/Golden posted rent price increases below 3.0 percent.
From March to September, rent increased in Denver by 5.6 percent and overall, the rent increase percentage in Denver was the largest of the past decade outside of 2007.
MFP Research said the rental market in Denver and other metro area should continue to increase in 2012 and predicted that occupancy will grow by another half a percentage point and rents will rise by at least 4.5 percent.
