80238 Market Update

Home buyers and sellers who are considering a move into, out of, or around the Stapleton and Northfield Denver neighborhoods like to stay “in the know” about the current real estate market.  Here’s the latest market conditions summary for Stapleton, 80238:

According to ReColorado.com, inventory of available Stapleton homes for sale is very low, in fact, there are only 20 resale homes available for purchase. The number of homes currently under contract is 24 and 478 successful closings occurred in 2017.  The median home price for all free-standing homes in 80238 was $625,000.  The median home price for the 210 attached homes that sold in 2017 was $390,000.   It’s no surprise that the vast majority of homes went under contract in less than 2 weeks*.

The Stapleton Northfield real estate market echoes the Denver Metro area in terms of the low number of active listings.  In fact, there are less than 4000 homes for sale in the entire Denver metro area.

With a healthy economic outlook for the nation, home mortgage interest rates still hovering around 4%, and a robust Colorado outlook, 2018 is shaping up to be another great year to sell or buy a home.

This year, again, Buyers can expect bidding wars on many homes. Finding an expert real estate agent in the Stapleton neighborhood can make the difference of winning the home of our dreams, or losing out to the competition.

If you are a buyer looking to find a new home in this premier Denver neighborhood and you want to stay ahead of the current real estate listings, please join our Insiders List. Since Stapleton Northfield is our backyard, we often know about “coming soon” listings before they hit the market.  Click here to add your name to our Insiders List to receive regular email updates on Stapleton’s upcoming homes for sale.

Sellers can expect price appreciation in 2018.  Working with a New Perspective Real Estate expert who provides complimentary home-staging, meaningful promotion, and award-winning service can add between $5000-$30,000 to your bottom line over and above the standard market appreciation.

If you are a home seller in Denver and would like to sell your home for top dollar or simply find out what your home is worth in this current real estate market, click here and we’ll provide you with an honest snapshot of your home’s value…no strings attached.

 

*Sales data from REColorado from 01/01/2017 to 12/31/2017 for homes in 80238; excluding builder sales.