Highlands Ranch Real Estate – Market Data for August 2010
Here is the key real estate data in Highlands Ranch, Colorado for August. I’ve broken down Highlands Ranch into it’s three zip codes, so let’s take a look at the numbers.
| 80126 | 80129 | 80130 | |
| Active | 261 | 177 | 213 |
| Under Contract | 67 | 40 | 45 |
| Sold | 43 | 20 | 26 |
| Avg. Days on Market (active) | 126 | 98 | 113 |
| Avg. Days on Market (under contract) | 92 | 61 | 91 |
| Avg. Days on Market (sold) | 84 | 94 | 83 |
| Avg. List Price (active) | $509,078 | $347,108 | $449,461 |
| Avg. List Price (under contract) | $373,117 | $297,755 | $347,948 |
| Avg. List Price (sold) | $408,993 | $339,898 | $347,265 |
| Avg. Price/sq. ft. (active) | $173 | $164 | $172 |
| Avg. Price/sq. ft. (under contract) | $145 | $155 | $144 |
| Avg. Price/sq. ft. (sold) | $158 | $157 | $158 |
| Months of Inventory | 6.07 | 8.9 | 8.19 |
(Based on Information from Metrolist, Inc. for the period Aug 1, 2010 through Aug 31, 2010.Note: This representation is based in whole or in part on data supplied by Metrolist, Inc. Metrolist,Inc. does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist, Inc. may not reflect all real estate activity in the market)
The Highlands Ranch real estate figures have improved a bit since last month. The months of inventory still indicate a buyer’s market, however in the 80126 zip code the market is pretty balanced. The homes that have sold this month have taken less time than those currently on the market and the homes that are under contract this month have priced their homes more in line with the sold price per square foot figures. This gives a very good idea of where the market pricing is most effective.
Keeping an eye on these trends is extremely important in this type of market. Homeowners looking to sell need to watch the local data to help determine an effective strategy. Buyers considering a purchase in these areas also need to be aware of statistical pricing so as to make wise buying decisions.
Of course, within each of these areas the hyper local neighborhood statistics will vary from the overall data. With that in mind, if you are looking to buy or sell a home in the Highlands Ranch real estate market, I would like to help. I’ll keep you aware of the market trends as well as implement a very effective, results driven plan for you.
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Steve Scheer, Denver REALTOR®
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Highlands Ranch Real Estate
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If you would like more information on the Denver area or more information on Highlands Ranch real estate, contact Steve at 720-849-6101.
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