Market Report - Highlands Ranch and Lone Tree, CO

Market Report - Highlands Ranch and Lone Tree, CO

Posted by Brian Burke on Monday, November 30th, -0001 at 12:00am.

Highlands Ranch and Lone Tree Real Estate

Market Report June 2008

The Real Estate Market in Douglas County fared better than many other areas of Denver, when looking at the statistics gathered last month (June 2008).

However, when compared to last June (2007) the number of homes sold and number of new listings on the market are down.

 

There is good news! The Highlands Ranch and Lone Tree homes for sale average 67 days on the market and it is holding steady. This is much better than many other metro Denver areas. In addition, homes under $300,000 are selling extremely well. The absorption rate for homes under $300,000 is 1.79. What this means is that at current rate of home sales it would take only 1.79 months to sell the inventory of homes. Absorption rate of 1-4 is considered a sellers market, 4-6 is neutral and 6 and above is buyers market.



Number of Homes sold in June 2008 versus number of home currently on the market for sale

The majority of homes - 74% - sold in Highlands Ranch and Lone Tree in June were from $200,000 to $300,000

What does this all mean? Well, it means that if you have a home in the above price range, and you are considering selling, this would be a great time to do so! Also, Buyers - there are still great deals out there! Need some help locating them? - give us a call. 303.710.2609 - Brian Burke Direct.

Based on whole or part on data from Metrolist. Information is deemed reliable but is not guaranteed. Data may not reflect all real estate activity in the market.


Contact Kenna & Co. Real Estate 303.955.4220 to list your home for sale or to purchase a home in the Metro Denver Area, including Douglas County, Highlands Ranch, Lone Tree, Littleton and Parker. Your referrals are always welcomed and appreciated. Kenna & Co. 1480 West Canal Court, Littleton, CO 80120

      kenna_logo_to_website_144  e-PRO logo

    View homes with current updated information including Foreclosures on your Phone or IPad

                                                                         

Brian Burke | Broker | ePRO | Expert   | 303.955.4220 Office | 303.710.2609 Direct |  Brian@kennarealestate.com

Leave a Comment

Format example: you@domain.com
Format example: yourwebsitename.com

Metrolist Services Inc (Colorado) Logo Terms and Conditions: The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Kenna Real Estate are marked with the IDX Logo. This information is being provided for the consumers personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

Copyright 2019 METROLIST, INC., DBA RECOLORADO® -- All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

Listing information last updated on December 5th, 2019 at 9:45pm MST.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES.

Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.

Listing information last updated on December 6th, 2019 at 1:49am MST.

New program offers No Down Payment Loan