Market conditions for Highlands Ranch, Spring, 2008
The winter slowdown is dragging on a bit longer than usual. One interesting note, there are less homes on the market - usually a sign of upward price pressures. Overall, home prices in Highands Ranch are still increasing!
This chart shows that the usual seasonality pattern of Highlands Ranch real estate sales is holding up, at a slightly lower trnsaction volume.
Market conditions for Highlands Ranch, Fall, 2007
Well, here it comes. More inventory and more days on the market. Very typical for the fall and winter months. However, the long term trend is there. The market for Highlands Ranch homes is strong.
Market conditions for Highlands Ranch, Spring, 2007
The housing market for Highlands Ranch homes is firming up. A technical analysis of the current conditions shows both a drop in available units and a corresponding reduction in the average days on market. This is considered 'below equilibrium' market conditions and thus typically an indication of an upcoming sellers market. These statistics are quite useful to a skilled Realtor, and very good news if you plan to be in your Highlands Ranch home for a few years.
One interesting segment of the local market are the Highlands Ranch HUD and foreclosure properties. While there are usually a few available, they are almost always listed at current market prices. Since most of these homes require a bit of work (yardwork, paint and carpet at the least) they tend not to be a very good deal, economically. I personally tried to buy a foreclosed property recently and the numbers just didn't work out. Other parts of town offer much better potential for finding discounted deals. (Again, great news for local owners as this shows a strong and secure local market)
Aother interestng note; there are a couple of gated communities around the development. Homes there have been holding their value very well, better then most of the high end homes elsewhere around the Denver real estate market.
Call us to get a current analysis of your home value at (303) 791 7817
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