We’re only 1 month into the new year, but I still like looking at the numbers to see how the local real estate market is reacting. Here are the meaningful stats from Highlands Ranch in January:
Highlands Ranch Real Estate – By The Numbers
- 88 Detached Single Family Homes sold
- Buyers paid an average of 99.1% of the list price
- Homes stayed on the market an average of 31 days
- In the $250-$350k segment, buyers paid 103% of list price and homes stayed on the market a mere 5 days
- Concessions were asked for/given on 18 sales, and averaged $2,000
This follows the same trend I’ve seen over the past few years, and in general – The $200-$400k market is the most competitive and buyers continue to make aggressive offers to get in homes, especially in areas like Highlands Ranch. Sellers in this segment that are trading up to the $400+ price range can get a little bit of a deal, as they are selling to the highest bidder and buying for slightly below list price.
The exception to that is if you’re really trading up.
I was fortunate enough to tour a few homes in Highlands Ranch’s newest community, BackCountry. I had heard and read a lot about this new gated, luxury community and planned on doing a post covering it but I’ll briefly mention it here. It’s a beautiful 8,200 acre piece of land that Shea Homes has turned into the premier community for the wealthiest in Highlands Ranch.
It’s looking like another frenzy of a spring/summer will be here, as January is continuing the trend of 2015. Highlands Ranch continues to be one of the top places to live for families in Denver, so I don’t see that trend changing either. So sellers will have it easy, with multiple offers to choose from and first time buyers will have to make aggressive offers with flexible timelines.
As always, let me know if you’d like any more info or stats! Enjoy!