How Was The Highlands Ranch Real Estate Market in 2008 Compared to 2007?
Highlands Ranch Real Estate Market Trends
The short answer is the real estate market in Highlands Ranch is not as bad as much of the country. Even compared to the Denver Real Estate Market, areas of Douglas County, CO have fared better than the rest of the Denver Metro area and Highlands Ranch has helped sustain that. Things are not all rosy still – there have been drops of course. But folks in Highlands Ranch as a whole have not seen as significant changes as other areas.
By the numbers for residential single family statistics it looks like this:
| 2007-2008 |
||
| Average Days on Market | 2237 | 1802 |
| Homes sold | 66 | 75 |
| Percentage of original list price | 90 | 94 |
| Average Price | $372,880 | $362,328 |
So what does all this mean?
- Homes Sales volume in Highlands Ranch is down around 20%. Far fewer homes sold in 2008.
- Days on market are about the same. There was only a slight increase from 2007.
- Home values in Highlands Ranch, CO are down only about 3%. We would like to see them up, but not nearly as bad as 19-43% like some areas in the U.S.
- Sellers are getting closer to the original list price. Sellers know it’s competitive
and are pricing their homes for sale up front accordingly.
Are you looking to sell or buy in 2009? Just give me a call, I would love to help you negotiate at the right price. Feel free to start to search for your new Denver area home right now on my map based Denver Homes Search.
Source: Statistics gathered from Denver MetroList.
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