Weatherstone Neighborhood in Highlands Ranch CO – Real Estate Market Data July 2010

	Active	Under Contract	Sold
Total	8	3	1
Avg. Days on Market	89	113	79
Avg. List Price	$699,938	$569,967	$614,900
Avg. Price/ Sq. Ft.	$208	$179	$188
Months of Inventory	24

(Source: Metrolist. Figures deemed reliable but not guaranteed. Statistics for the period 7/2 – 8/2, 2010. For single family detached residential only)

The Weatherstone neighborhood in Highlands Ranch remains in the slower paced market segment for the Denver metro area & Denver suburbs. Homes above $500,000 generally have more of a struggle to sell than lower price ranges. Home financing is a big factor for the sluggish real estate sales in the luxury home ranges. Fewer buyers are qualified to purchase at this price range, even with historic low interest rates.

Weatherstone is still a wonderful and desirable community within Highlands Ranch, attractive to most potential buyers for the area and price range. So, based on the figures above, what does the market say about Weatherstone?

If you are a homeowner looking to sell, be patient. Remember that condition of the home needs to be outstanding, but pricing is key! With 24 months of inventory, if you want to beat the months of inventory, and I’ll bet you do, then you must pay attention to your home pricing – it is critical. This can be seen when looking at the average price per square foot of the active listings versus the homes under contract and sold. It shows where the housing market really is.

If you’re a buyer in this price range, Weatherstone is an incredible option to look into. The community is gorgeous, with outstanding Highlands Ranch luxury homes and with current pricing and interest rates, this is may be the best time ever to take advantage of your home buying power.

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Steve Scheer, Denver REALTOR®

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If you would like more information on the Denver area or more information on Highlands Ranch real estate or Weatherstone in particular, contact Steve at 720-849-6101.

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