What is the Average Price of a Highlands Ranch Home?

This is a very quick and straightforward post that I intend to update monthly.  I have a lot of people ask this question and so here is the answer.

I am often asked what is the average price of a Highlands Ranch home.

Average Price for Active Listings in Highlands Ranch – $446,166.00

Average Price for Sold Listings in Highlands Ranch – $366,355.00

Average List to Sold ratio – 97%

Ok, that doesn’t look like it makes sense you may be asking.  Looks like the math doesn’t work.  Well let me explain.  The average value for active homes accounts for all homes in Highlands Ranch, CO – some of which are in a price range that brings the averages up.  Now if you look at the average sold home values you see they reflect where the activity in the market really is lately, in the $250-$400k range.

Another clue to see here is that the average seller is negotiating around 3% off the list price at the time of contract.  I say this intentionally because it can give some idea of how you may negotiate but it doesn’t indicate the percent of original list price to sold price.  This is often greater than the 3%, however it is difficult to determine how much a seller will reduce from the original price and when you may be negotiating with them at that point.

A real good idea would be to hire a professional Highlands Ranch real estate agent that knows the market and can track these changes in the specific neighborhood of the home you may be considering.

These figures come from Metrolist and are in no way guaranteed.  Also, the MLS area these figures are taken from includes Highlands Ranch and Lone Tree as one area and includes residential single family homes only.

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Steve Scheer, REALTOR®

Denver Realty Partners

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720-849-6101

As I recently mentioned, I am switching over to a new home search feature. I have been looking at new search features for Denver homes for some time and for a while I thought I had something, but in testing, it just wasn’t everything I really wanted for my Denver area home buyers.

So the search started over a few weeks ago and I am really pleased with what I am going with.  The new Denver real estate home search is now live. It has a fully adjustable Google map that acts as its map based search and I really feel you are going to find it to be one the easiest Denver home search options out there.   There are many other very cool features that I will tell you more about a little later.  It is a full Denver MLS homes search with many excellent features.

I started making the transition last evening so it is now live on most of my sites but I still have a few things to do.  Here’s a screen shot:

All existing home search accounts from all of my websites will be brought over this weekend, but if you already had one and don’t want to wait – feel free to dive right in and set up the new one on your own.

So get searching for your Denver dream home.

Steve Scheer – Denver Area Real Estate
RE/MAX Masters, Inc.
720-849-6101