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Just Listed: Contemporary 3-Bedroom Home in Skyline Greens with $5,000 Closing Credit and Low HOA!

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Have you checked out this lock and leave property with a low monthly HOA of $135 per month?

The seller is offering a $5,000 closing credit to buy down rate or cover closing costs and a radon mitigation system will be installed before closing. You will love this contemporary haven in Skyline Greens! Built by Berkeley Homes in 2021, this 3 bed / 4 bath two-story paired home offers 2,014 square feet of modern comfort. The main floor features an open layout with vinyl plank flooring, a spacious kitchen island, granite countertops, and stainless steel appliances and powder room. Upstairs, you'll find a luxurious primary suite with an ensuite bath, a second bedroom with a full bath, and a versatile loft space ideal for work or relaxation and easy to convert to another bedroom space (if needed). The fully finished basement has a non-conforming bedroom that currently serves as a guest suite with a bath and additional storage space and updated wiring throughout for reliable internet connection. Outside, enjoy a 2-car attached garage, a low-maintenance side yard, and a front porch overlooking the community greenbelt. With the HOA handling front yard maintenance, sidewalks and alleys this home is easy to just enjoy. Convenient access to Denver, Boulder, Downtown Westminster, Olde Town Arvada, close to RTD Park and Ride and multiple outdoor recreation areas, this home offers the perfect blend of style and convenience. Don't wait to schedule your showing today - Welcome home!

Listed by Lori Lee for West + Main Homes. Please contact Lori for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(720) 903-2912
hello@westandmainhomes.com

Presented by:
Lori Lee
720-940-3052
lori.lee@westandmain.com

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Greater Denver Area Real Estate Market Report from July 2024

 
 

July is a time of year when we traditionally see the Denver real estate market take a bit of a break, says the Denver Metro Association of Realtors’ Market Trends Committee.

However, this year, the market has been as unpredictable this year as our weather. The adage in Denver is that if you don't like the weather, wait 15 minutes. That advice rings true for many sellers, as patience might be the key to finding the right buyer. Amazing properties can languish on the market, while unremarkable homes sell immediately leaving many to question what is happening.

I've recently heard Realtors® express we are shifting into a buyer's market. This is hard to define as the pandemic turned some of our steadfast rules of what constitutes a seller's market versus a buyer's market on their head. Statistics indicate that we are moving towards a balanced market with 2.86 months of inventory, a number which has continued to grow steadily throughout the year. However, some price ranges, and areas of town, have simply become a buyer's market due to the number of available options.

The market experienced a slowdown with an 11.58 percent decrease in new listings month over month, although new listings were up 7.58 percent year over year. This means that fewer sellers listed their homes in July, while the larger trend continues to showcase that not all homeowners are married to their historically low interest rates. Instead, they may be some of the savviest consumers understanding that a potential rate cut this fall could increase buyer demand.

This increased competition may take us back to a landscape where home prices rise as multiple buyers bid on the same homes. Buying now allows for a thoughtful search with room for negotiation and a refinance down the road.

Meanwhile, active listings increased 3.62 percent month over month and an astonishing 68.03 percent year over year to 10,584. In fact, year to date, active listings are up anywhere between 44 percent to 161 percent when compared to the three years proceeding. Pending sales stayed steady month over month with a slight 0.18 percent decrease to 3,896, while closed sales dropped to 5.19 percent to 3,708.
Buyers, aware of the rise in inventory, have been negotiating as close-price-to-list-price ratio is the lowest it has been year to date since July 2020. Median close price dipped slightly month over month from $601,000 to $600,000, but prices continue to rise compared to a median close price last July of $590,000. Meanwhile, median days in the MLS continue to increase steadily, with a 15.38 percent increase month over month to 15 days, and a 66.67 percent increase year over year.

As the summer selling season winds down throughout August, the change in our marketplace may be the perfect timing as we find ourselves transacting business in a new way. Buyers have the ability to negotiate, which in some ways is like shopping for the best deal during the Nordstrom Anniversary Sale. It provides the opportune time to find a new home before prices go back up.

Keep reading for a breakdown on properties sold between $500,000 and $749,999 from West + Main Homes agent Michelle Schwinghammer!

Learn more about the market from the Denver Metro Association of Realtors.

Thank you to our partners at the Denver Metro Association of Realtors for compiling this information.

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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As Featured in West + Main Home Magazine: Peak Perfection

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Breckenridge Mountain Brokers

Whether you are looking for a more attainable step into the luxury second-home market, or you just aren’t ready to commit to spending all of your vacation time in one place, shared ownership might be a great solution, allowing for both short-term rental income as well as future equity potential. For example, this stunning mountain modern home in Breckenridge is tucked away in a secluded HOA with only 3 homes, each on a 2 acre lot.

"With unobstructed views of Breck Ski Resort, it is breathtaking during the day, but watching the snow cats groom at night under the stars is my favorite part,” says West + Main agent Michael Tulley. “This home has no detail left behind...custom built beds in each room, Smart Home tech everywhere...and it was just completed in 2023!"

 

Related Links

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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Just Listed: Fantastic Opportunity in Briarwood Hills

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Charming 4-bed Hutchinson home in Briarwood Hills with original features and customization potential.

This well-maintained 4-bed, 3-bath Hutchinson home sits on an 8,800 sq ft lot. Original features include honey-colored Red Oak flooring, recently uncovered for the first time in 50 years. Three bedrooms and one and a half baths upstairs. The kitchen and baths are dated, offering potential for customization. The partially finished basement includes a family/media room, bathroom, and a 4th non-conforming bedroom. The large, private backyard features a covered patio and six raised planters. Two sheds provide workspace and storage. The home includes a 1-car attached garage, an oversized driveway with three off-street spots, and RV parking. New interior paint on the main level. Roof replaced in 2017, sewer replaced in 2018. Don't miss this amazing opportunity- come take a look!

Listed by John Chapman for West + Main Homes. Please contact John for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(720) 903-2912
hello@westandmainhomes.com

Presented by:
John Chapman
303-523-2262
john@theknollteam.com

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Just Listed: Stunning Mid-Century Tri-Level Home with Golf Course Views and Expansive Lot

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Welcome to this gorgeous 5-bedroom, 3-bathroom mid-century tri-level home, perfectly situated with stunning golf course views!

Imagine sitting on your front porch, sipping your morning coffee, and watching the sun glistening off the lake while enjoying golfers play a round. This home is a true gem, offering a bright and open floor plan that seamlessly blends style and functionality. Step inside to discover a spacious and beautifully remodeled kitchen, featuring a huge island with seating—perfect for entertaining or casual family meals. The new flooring throughout the home adds a touch of modern elegance while maintaining the classic mid-century charm. New paint and window casings make this home move-in ready. This expansive 1.3-acre lot is zoned for an ADU, chickens, and other animals, with no HOA or other restrictions, making it a versatile and unique property. Enjoy the flat lot with a lovely treed area, providing both open space and shaded retreats. For car enthusiasts or those in need of ample storage, the large detached 3-car oversized garage is a dream come true. There's also convenient RV parking, additional parking for 7 vehicles, and a brand-new gated driveway to welcome you home. The beautiful patio creates a serene outdoor space for relaxation and gatherings. The property backs to the Croke Canal, offering complete privacy. Close to trails, parks, shopping, and restaurants, making it the ideal location. Country living with all the city conveniences—the best of both worlds.

Listed by Mark + Sue for West + Main Homes. Please contact Mark + Sue for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(720) 903-2912
hello@westandmainhomes.com

Presented by:
Mark + Sue
(303) 667-6279
sue@westandmainhomes.com

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