Market Data Report

Overall:
This Market Report provides the latest data available to the neighborhoods mapped above, which "feed" in the Eldorado Elementary school. There is more than one price point in this area and all markets performed well in 2006.

Speaking to the desirability of this area, homes in these neighborhoods sold quickly vis a vis Denver Metro days on market figures and values continue to rise and though the pace of both of these numbers has slowed very slightly.

The strength of these neighborhoods lie in an excellent school district, fantastic parks and recreation opportunities, close proximity to commutes, and the relative affordability of homes here. One does not have to earn a lot more than the Denver Metro average wage in order purchase a home in this area and the homes are located near more expensive properties, making them a relatively good value.

The best news is that I found this neighborhood to be among the lowest number of foreclosures in Highlands Ranch (percentage-wise), so home prices are not greatly affected by this trend in Denver Metro real estate. This trend is rooted in risky loans and lending to risky borrowers and foreclosures do impact home sale prices and appraisal values. However, stay tuned and expect to see this trend pop up in the area as Adjustable Rate Mortgages hit a maturation point, triggering an increase in mortgage payment cost, sometimes beyond the financial reach of the household. Last, predicted interest rate increases may occur and have a downward effect on home prices.

2007, particularly in the first half will be a great time to buy and sell here and this neighborhood is expected to remain strong: it will remain an affordable, excellent location and will continue to be one of the Denver Metro area's best places to live. Find below a complete look at the latest data, which tells you how the market is looking at your neighborhood, not your home.

The Data
Home Sale Price Range: $212,000?465,000
Average Home Sale Price: $287,872
Days on Market Range: 0? 304 days
Average Days on Market: 78 Days
Average Price per Square Foot: $147.62
Average Square Footage: 1950 square feet
Average Sale Price 2005: $282,009

Interpretation and Advice
If you are considering buying or selling in this neighborhood, this is the very best time to do so. I can find the best value for your purchase in this neighborhood or I can let you know how to prepare your home for market so it sells quickly for top dollar. Some things to remember if you are considering selling and purchasing a home in the coming year is to:

1. Make no major purchases. No trips to the furniture store, no new cars, etc. Check with a loan person NOW about your credit record and ask about what you can do now to pump up your score. You want to get the best rate possible when you buy your new home.

I prefer working with a knowledgeable, trustworthy lender with years in the business like Ron Brown at Nationwide Lending Group. Call him at (303) 989-8500.

2. If your home has a lot of fancy wallpaper, colorful paint and "decorator" touches, start working on making your home more neutral, one room at a time, so it does not become a big job when you put the house on the market. Creamy neutral tones sell homes.

3. Do bigger projects like sanding and painting the exterior, refinishing the deck, making maintenance-oriented repairs so this does not become a big job when you are ready to put the house on the market.

4. Pay attention to your yard. Get rid of weeds and overgrown bushes, bald patches in the lawn, plant nice flowers.

5. Get in the habit of getting rid of clutter. Get rid of things that just take up space (making your home look smaller), un-stuff overstuffed closets, get rid of storage, find a place for everything you use and get rid of the items you do not use. Visit model homes if you are not sure of what will look like clutter to a potential buyer when s/he visits your home. (TAKE your BROKER with you to the model home!!)

Call me at (720) 275-3926 if you want a professional inspection and market analysis of your home, at no cost to you. I am keeping a close eye on homes in your neighborhood and it would be my pleasure to make your sale a complete success.

Your Personal Real Estate Information Source,

Marie de Espinosa

Integrity, Insight, Results!

Archived Market Data Report 7/2006

Overall:

This report covers the latest data available to the neighborhoods feeding to Eldorado Elementary where there are essentially two points, both of which are doing exceptionally well in this market.

Homes here are selling, on average in half the time of other Denver metro area homes and homeowners here should congratulate themselves! You would need to move to a fix-n-flip neighborhood in Denver such as Wash Park to enjoy a higher market appreciation rate than what you have here on your street. Owners here are selling and making money and buyers here are getting great value.

Figures in the report you received by mail from me are for 2005, except for days on market, which are for 2006. Find below a much more complete look at the latest data, which tells you how the market is looking at your neighborhood, not your home.

The Data

Average Sale Price 2006: $279,565
Sale Price range 2006: $235,000 - 380,000
Price per Square Foot 2006: $148.74
Median Sale Price YTD 2006: $276,000