The Greenwood Village housing market remains somewhat competitive, with the median sale price reaching $1.6M last month, reflecting a significant 49.8% increase compared to the previous year. Additionally, the median sale price per square foot rose to $372, marking a 25.7% year-over-year increase. These trends highlight the area's growing demand and the premium buyers are willing to pay for properties in this desirable community.
The Littleton housing market is incredibly competitive as of June 2023. Typically, homes in Littleton receive about 3 offers before selling, and the process takes roughly 6 days - slightly longer than the 5-day average of the previous year. There has been a slight decrease in the median sale price of homes, which now stands at $620K, representing a 1.6% drop compared to the previous year. The median sale price per square foot has also declined by 2.5% to $278. The total number of homes sold this June was 291, which is lower than the 355 homes sold during the same period last year.
Here are some of the most common questions our buyers and sellers are asking.
As of July 2023, the Highlands Ranch housing market has seen a modest but positive growth in home prices. The median sale price for homes in the area was $675,000 last month, marking a 1.9% increase compared to the previous year. Additionally, the median sale price per square foot has also risen by 1.6%, now standing at $260.
While the pricing trends are encouraging, the sales data paints a more nuanced picture. A total of 132 homes were sold in July 2023, which is a decline from the 159 homes sold during the same period last year. Furthermore, homes are staying on the market for an average of 10 days, a slight increase from the 9-day average in the previous year.
The Highlands Ranch housing market is notably competitive, with homes typically selling in just 9 days. Many homes receive multiple offers, and some even waive contingencies to accelerate the sale process. On average, homes are selling at around their list price and go pending within approximately 9 days. For homes that generate significant interest—often termed "hot" homes—they can sell for about 1% above the list price and may go pending in as little as 4 days.
Inbound and Outbound Migration
Between June and August 2023, migration patterns in Highlands Ranch were fairly balanced. About 35% of homebuyers were considering moving out of Highlands Ranch, while a majority of 65% were looking to stay within the metropolitan area.
On a national level, 2% of homebuyers were contemplating a move to Highlands Ranch from other metropolitan areas. Miami led the pack in this regard, followed by Colorado Springs and San Francisco.
Popular Relocation Destinations
For Highlands Ranch residents considering relocation, 65% still preferred to stay within the metropolitan area. Among those looking to move beyond the local region, Chicago emerged as the most popular destination, followed by Fort Collins and Breckenridge.
The Highlands Ranch and Lone Tree real estate market is characterized by its competitive nature and stable pricing trends. While there has been a slight decrease in the number of homes sold and a minor increase in the time homes spend on the market, the demand remains strong. The area continues to attract a diverse range of homebuyers, both from within and outside the metropolitan region.
Understanding these market dynamics is crucial for anyone looking to make an informed real estate decision in Highlands Ranch and Lone Tree. As always, consulting with real estate professionals and conducting your own research are recommended steps for successfully navigating this competitive market.
Thinking about a luxury condo in Greenwood Village? Whether you have questions about the market or you’re ready to explore stunning properties, Lisa is here to make your home-buying journey seamless and rewarding. With her expertise and personalized approach, she’ll help you find the perfect space to suit your lifestyle. Don’t wait — reach out to Lisa today and take the first step toward effortless, upscale living!
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4643 S Ulster St 5th Floor Denver CO 80237 110 5th Avenue 5th Floor New York NY 10011
4643 S Ulster St 5th Floor Denver CO 80237 110 5th Avenue 5th Floor New York NY 10011
