Highlands Ranch Residential Housing Market
As I have been out showing homes to clients and previewing others on my own, I have made a few observations about the current state of the Highlands Ranch housing market:
- Most of the distressed homes, i.e., foreclosures, short-sales, REO’s, etc. have been sold. There may be another wave coming, though.
- There are a limited number of move-in ready, updated/upgraded homes on the low-end (under $300k). If it’s a good home in a good neighborhood under $300k, it’s gonna sell fast.
- The really high-end, $1,000,000 or more, is really slow. If you can afford it, you can get a screaming deal on a luxury home.
- Big back yards that are landscaped and an “oasis” for homeowners are GREAT for resale. Consider putting money into the back yard if you’re thinking of selling.
- Overall, the “doom and gloom” economy hasn’t devastated the Highlands Ranch market. There are still many homes selling every month. Some even getting multiple offers.
- Tax credits and low interest rates are bringing out the buyers. Price reductions and selling low is holding back the sellers.
Like the weather in Colorado, the housing market is subject to change in the next five minutes!
Regards,
