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Prices & Inventory Levels in 10 Popular Denver Suburbs

Price is relative to the area so let’s check out which popular suburban areas are most affordable to live and where you can expect to pay a premium.  

This slide contains average sales price along with a snap shop of inventory levels by price range for 5 of the most affordable suburban areas.  

Aurora, Thornton and Westminster top the list for most affordable with average detached single family prices nearly $100,000 BELOW the overall metro area.  The areas highlighted in yellow show where the most inventory is available for properties priced below $300,000. Aurora has the most inventory available in both the entry and mid level price points. 

This slide contains a snap shot for 5 of the higher priced suburban areas. 

In all areas demand is greater than supply in the entry and mid level price points. When you start looking at the luxury markets supply and demand is dependent on the area.  

You probably noticed the city of Denver was left off, this was intentional as Denver has some of the highest priced areas and lowest priced areas. If you have questions about specific neighborhoods or areas I didn’t cover please let me know so I can share that information with you. 

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Buyer Demand through COVID19

Updated 6/4/2020: This data depicts the number of showings and new contracts each weekend through the various phases of COVID19. It’s important to note that these numbers are based on a Friday to Monday weekend and not a 7 day week. As you can see the Stay at Home Order slowed market activity significantly; however, even when in-person showings weren’t allowed our market was still moving forward. With the return of in-person showings across the Metro area, strong Buyer demand quickly resurfaced.

5/2/2020: This data depicts the number of showings and new contracts each weekend through the various phases of COVID19. It’s important to note that these numbers are based on a Friday to Monday weekend and not a 7 day week. As you can see the Stay at Home Order slowed market activity significantly; however, even when in-person showings weren’t allowed our market was still moving forward. Interestingly enough new contracts have been trending at nearly a 1 to 1 ratio to new listings through March and April. While so far things are still indicating a strong real estate market for the Denver Metro area, the data from the next couple weeks and months is when we’ll see if our market is in for a shift.    

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Top Recommended Paint Colors

The topic of paint colors comes up frequently with friends and clients so I’m sharing my list of my top recommended colors. My personal favorite is Agreeable Gray, it’s a warm neutral that provides the perfect backdrop to any room on it’s own or blends in well with your favorite pops of color.

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Featured Virtual 3D Tours/Floorpans

8280 S Yukon Way in Littleton: $595,000 – Virtual 3D Tour / Listing Details / Schedule Virtual Showing
961 Tenderfoot Dr in Larkspur: $615,000 –Virtual 3D Tour / Listing Details / Schedule Virtual Showing
38383 County Road 13 in Elizabeth: $1,697,999 – Virtual 3D Tour / Listing Details / Schedule Virtual Showing
9489 Wolfe Court in Highlands Ranch: $549,900 – Virtual 3D Tour / Listing Details / Schedule Virtual Showing

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Denver Metro Market Stats March 2020

Market stats reported are Year To Date through March, 31 2020. This data provides a baseline of activity before COVID19 restrictions were put in place. April stats will give us a mix of contracts before and during restrictions and it will be May stats where we truly see the impacts of supply/demand and home values from the COVID19 pandemic .

March data shows: An increase in demand compared to last year, a decrease in supply compared to last year resulting in an increase in home prices.

This info is averaged across the Metro area, some segments of the market are hotter than others! Not everything is flying off the market and anecdotally I’ve noticed the highest demand for homes that are remodeled with the finishes Buyers desire most. The majority of Buyers want a home they can move into with little to no work.

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Virtual Home Buying

4/11/2020: Under Colorado’s Stay At Home Order in effect until 4/26/2020 and recommendation of National & Local Real Estate Boards Real Estate is operational but NOT business as usual. Businesses in the real estate industry have adjusted business practices to minimize risk of exposure to COVID19. Following is an info graph to illustrate how technology is being used to minimize in-person contact to keep the home buying process moving forward.

Any needed in-person activity will maintain a minimum of 6′ distance, individuals will wear face masks & wash hands or use hand sanitizer before/after touching anything.

Others involved throughout the process have adjusted their protocols.

For example an inspectors current process(3/27/2020):

We continue to practice social distancing and follow a strict cleaning process for our tools/ hands before, during, and after each inspection. We are asking NO ONE (sellers, agents, buyers) attend inspections during this time. While this is not our preferred method of service, we feel it is our responsibility to do what we can to limit contact with others. We are happy to make a call/Zoom Meeting from the property at the end of the inspection to go over our findings or answer questions. We are also available once you’ve read the report to clarify anything additional.

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Buying With A House To Sell

You’re ready to move to the home you’ve been dreaming of, but unsure of the best path to take. Let’s chat about your situation to determine which option works best for you. I specialize in helping families move from their current home into the home they’ve been dreaming of, which often involves buying and selling at the same time while coordinating a door-to-door move.