Evergreen Real Estate Blog

It's Nice to Share!

On this page, you will see listings for ranches for sale in Colorado and for a variety of other properties. We specialize in working with clients who are searching for Conifer homes for sale or for pieces of Evergreen real estate.

Prospective homebuyers who are interested in Conifer homes for sale or in plots of Evergreen real estate often turn to us for assistance. The experts in our office have years of experience and know this area of Colorado quite well. On this page, you will see detailed information about the listings we currently have available. You will see a large number of ranches for sale in Colorado interspersed with other property options. Contact us immediately if you see a post that piques your interest. Many of the houses that are currently on the market will sell quickly! Make sure you get your dream Conifer or Evergreen home by putting in an offer right away.

September Denver Foothills Real Estate Market Update

It's Nice to Share!

Denver Foothills Real Estate

As we go into the fall and what is traditionally a slower season for real estate in the Denver Foothills, we don't see too much of a slow down at all. Let's jump right into the charts. If you look at the first one you will see the number of active listings for the last 12 months. We have had an uptrend, for the most part, since February. We have ticked down slightly the last 2 months but nothing to be concerned about. We still have much less inventory than 5 years ago but we are showing signs of an increase.

Denver Foothills Sept Real estate


Denver Foothills Real Estate Days on Market

Now if we look at the next chart you will see the Denver Foothills Real Estate Days on market graph. We did creep up a bit in August to almost 40 days. That is still an amazing turn around time for a listing. Keep in mind this is homes in Evergreen, Conifer, Bailey and Morrison, CO. This month we are back to speedy sales at about a 25 day turnover. This is pretty fast for this time of year. Showing our market hasn't really slowed much. We are still seeing some multiple offer at the price point below 500K. At the price point above 600K homes are staying on the market a little longer.
Real estate market

I wish I had new news for the market. Buyers are still getting the short end of the stick. Sellers are still in the drivers seat on most transactions. The higher end sellers not so much but anything under 500k is certainly still a sellers market. I know these real estate market updates are becoming redundant but that is how our market has been for a long time now. As a Realtor in the Denver Foothills

Horse properties in Brighton CO

It's Nice to Share!

If you are looking for a nice town outside Denver for you and your horses that is still close enough to Denver for your daily commute then you might want to look at horse property in Brighton, CO. Brighton is only a short drive from Denver and the Denver Foothills. There are a ton of horse properties and horse neighborhoods in Brighton.

When you are looking at horse properties in Colorado one of the big things you need to look for is that the well allows for them. Most of the time if a property says that it is a household well that means it is not able to use that well to get water for your horses. You can always ship water in but that gets a little inconvenient. Sometimes you find that the property is zoned for them and the CCR's allow for them but the well does not.

Sometimes the well allows for it but the county does not and/or the CCR's do not.So either you or your real estate agent really need to make sure that all the pieces of the puzzle fit together to make the property horse friendly. If you are thinking about having other critters you also need to really do you due diligence and confirm that you can have cattle or any other large animal. In most counties that means zoned for agriculture but again many times you are not able to have them because of the convince in some areas.

I think the moral of the story when looking for horse property in Brighton or anywhere else in Colorado is to be sure to do your due diligence and confirm with your real estate broker that the the property is legal to have whatever animals you plan to have on it.

Be sure you tell your real estate broker that you are planning to have animals on your property and they will make sure everything is good to go! Happy riding folks!

 

30848 EAST 151ST AVENUE, BRIGHTON, CO

It's Nice to Share!

30848 EAST 151ST AVENUE, BRIGHTON, CO

30848 EAST 151ST AVENUE, BRIGHTON, CO is an amazing horse property in Brighton, CO is sitting on 2.5 absolutely flat and usable acres. This wonderful property has easy access to I76 and Denver. This 4 bed 2.5 bath home with a basement just waiting to be finished is located in an amazing area close to everything you need! A large 3 car attached garage has plenty of room for your vehicles and room left for storage.

This home has wood floors, carpet and tile throughout. This home shows like a new home it has been so well kept. The well and zoning allow for horses so you can water your critters. The neighborhood is very quit and friendly.

This Brighton property will not last long in the current market. You will want to view it as soon as you can. It is in fantastic condition and has been very well cared for. The floor plan is fantastic, it flows nicely and feels huge. The upstairs is almost impossible to describe with huge rooms and one giant room that can be a giant office or a kids playroom. If you would like info about this home call Dan Skelly.

Overview - Last 30 days

Median Price - Last 6 Months *
Sale-to-List Price - Last 6 Months
Median Days on Site - Last 6 Months *
Listing Inventory - Last 6 months *
* Data on active listings begins accruing at report creation. History will grow over time.

Sold Listings - Last 30 DaysView all sold listings

4
Beds
2 | 2
Baths
4,719
SqFt
 
 
#5891825
Courtesy of:
Keller Williams Advantage Realty LLC

New Listings - Last 30 DaysView all active listings

5
Beds
3 | 2
Baths
4,597
SqFt
 
 
#3241831
Courtesy of:
Keller Williams Preferred Realty
©2017 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved.
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Keller Williams Foothills Realty are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. Full IDX Disclaimer. DMCA.
REcolorado® data last updated at September 26, 2017 9:38 AM MT

Denver Foothills Real Estate Update for August 2017

It's Nice to Share!

Denver Foothills Real Estate Market is Showing Signs of Less Frustration For Buyers

For almost a year now it has been the same old same old in the Evergreen, Conifer, Bailey and Morrison real estate market. This has even effected the Golden, CO real estate market with the overflow of buyers just wanting to buy a home now.

The Denver Foothills real estate market is certainly starting to show signs of loosening up. It is still a bit in the sellers' favor but the buyers are gaining traction in the negotiation. We still have a weaker inventory for sure but the buyers are not as active as they were in the beginning of the summer. This may be due to the school year starting and people tend to move less during the school year.

One thing that we need to keep in mind when I share charts and graphs they are usually a trailing sign and data of the current real estate market. Any Realtor in Evergreen, Conifer and Bailey Colorado will tell you that in the past year it has been hard for the date to catch up. It also doesn't reflect current buyer and seller mindset. We are seeing less showings and less multiple offers these days.

Now the first thing I do every morning (and multiple times a day) is log into my MLS back end and this stat box slaps me in the face like I treated it wrong. This is a trailing 7 day average for Evergreen, Conifer, Bailey and Morrison.

Evergreen, Conifer, Bailey and Morrison

Now there are a few things that should stick out here and you should be aware of. For starters We have 29 new listings in the last seven days. Not too shabby. Although if you look at under contracts we have more under contract than new listings. That is OK because anyone that has ever bought or sold a home knows very well a home isn't sold until they hand you the keys. Under contract is never by any means a home that going to close. Also with the current market condition and low inventory we have been seeing buyers pretty much settle for homes they may not like. Then buyer remorse sets in when they see a better home on the market and they bail like a 17 year old at a house party when the cops show up. So we need to look at the actual sold homes. That means title has transferred and some homeowner is the owner of a new bouncing baby home. So with that in mind we have only sold 1 more home in the last 7 days than has been listed. We got 9 more back on the market and only 3 withdrawn. So we are adding inventory by looking at those numbers. Not a bunch but we are in positive numbers none the less.

The much more interesting number to me is the price decrease number. That is a huge number 49! That is telling the market "hold on fella! not so fast" you need to stop testing the market sellers and get serious if you want us to buy your home.

This is the chart we look at in all the real estate market updates. It is what most Realtors look at everyday. It is the trailing 12 months of active listings.

Denver foothills real estate inventory

Looks pretty good for buyers these days. To any of my clients I told at the begining of the summer to list... Well we see what has happened. We have picked up a binch of new listings. To the ones that listed with me...Great job listening to my predictions! I was just winging it but it sure paid off for us didn't it? Well to the folks that didn't list you haven't missed the boat yet. Prices are most likely going to hang steady here for a bit depending on the health of the rest of the economy.

Now this is another stat we find very useful in the real estate world. This is the average DOM or Days on Market.

Days on Market

This is also pointing to the idea of a buyers market. We went from 25 day on market to 35 days on market. Not a big deal right? Well it is if you realize that is almost a 30% increase. That is a pretty big number in any financial aspect.

That is about all this Denver Foothills Realtor has to say about the market today. I am watching the market much closer these days because it is shifting at a much more rapid pace than the recent few months. If anything significant needs to be said I will certainly let you know.

 

 

 

 

 

Join the Forum discussion on this post

Are we moving from a sellers to a buyers market?

It's Nice to Share!

Is there a market shift in the Denver Foothills?

I was in a meeting yesterday at the Keller Williams Foothills office and we discussed this topic in great detail. I was excited to see there seems to be a shift in our market. It seems like we have at least one signal showing the sellers might be losing some of their power. I wouldn't go as far as saying we are in a buyers market or will be soon. We are just seeing some different things in real time and now the trailing data seems to be confirming.

Now there are many reasons this chart below could be showing this signal. We tossed around multiple reasons. Also notice it is only one month or so showing this slight down trend. When looking at the chart below notice the last month or so on the chart. This is all price points in Evergreen and Conifer. See how the number sold homes dipped while the inventory went up. That is not the way the data has behaved over the last 5 years or so. They have been in almost perfect harmony together. Peaks and valleys have followed each other pretty closely.

Market swing chartWe also are seeing lighter showings. Not nearly as many people have been rushing to see a property. Again it is summer time and a lot of people are traveling but that should be the case year over year. We are also seeing a lot less multiple offers as well as offers over asking price. This is a possible indicator that they market is due for a more of a sideways market. As I have mentioned before in other posts I believe the market will flatten for a while. I don't personally think there will be a downtrend or major correction any time soon. These prices have pretty good support levels. They also have good comps and at one time properties had multiple offers over asking. I think that tells you that the market believes the values are there.

The next chart is the close price ratio. It is from January 2015 to present. We are certainly seeing the buyers making lower offers. It really spiked the first couple of months of the spring and summer. We are seeing it drop. It is still pretty high. At almost 99% of asking price. That is still a seller's market indicator. Denver foothills

So the for the mid month Denver Foothills Real estate market review I would still say the market is a sellers' market overall. We are seeing the buyers lose a little motivation so demand is going down and that should keep the market flat for a little while.