Washington Park Homes For Sale
Greenwood Village Real Estate Market Trends
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.
Washington Park, CO Real Estate
As of June 2023, the Washington Park housing market remains highly competitive. Last month, the median home sale price was $1.7M, which reflects a slight decrease of 1.5% from the previous year. Meanwhile, the median sale price per square foot increased modestly by 1.7%, reaching $543. The average time it took for homes in Washington Park to sell was 11 days - more than double the 5-day average from the year before. The number of homes sold in June this year also dropped to 48, down from 76 sold in the same month last year.
Washington Park, CO Real Estate FAQs
Here are some of the most common questions our buyers and sellers are asking.
As of April 2023, the housing market in Washington Park has shown an upward trend. The median home price was up by 0.7% compared to last year, with homes selling for a median price of $1.5M. Homes in Washington Park typically stayed on the market for 13 days before selling, which is longer compared to the average of 5 days on the market last year. In terms of sales volume, there were 33 homes sold this April, which is a decrease from the 55 homes sold during the same period last year.
The housing market in Washington Park, CO is extremely competitive. Homes are typically on the market for only about 5 days before they sell. It's common for homes to receive multiple offers, and in some cases, buyers are even waiving contingencies. On average, homes are selling for around their list price and reach pending status in roughly 5 days. Particularly sought-after properties, or "hot homes", can sell for approximately 5% above the list price and may go pending in as little as 3 days.
Yes, Washington Park West, a neighborhood in Denver, Colorado, is often considered one of the best places to live in the state. It's home to a population of 10,051 and located in Denver County. Living in Washington Park West provides residents with a dense suburban feel, and most of the residents own their homes.
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Pricing and Sales Dynamics
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.
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Competitive Landscape
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.
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Highlands Ranch Migration & Relocation Trends
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.
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Key Takeaways
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.
Discover Condo Living at Its Finest in Greenwood Village
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
Get in Touch
Get in Touch
4643 S Ulster St 5th Floor Denver CO 80237 110 5th Avenue 5th Floor New York NY 10011