Greetings Stapleton friends! I don’t know about you, but now that January is over I’m looking forward to the spring warm-up and eventually summer fun (if you’re leaning forward like I am and have kiddos, be sure to check out the Stapleton Scoop’s 2020 Guide to Summer Camps)
But before we start focusing too much on warmer weather, let’s chat about the past 31 days in Stapleton real estate.
Between close to historically low “for sale” home inventory in January, new buyers emerging on the market after sitting out the holidays, and fewer new construction opportunities in Stapleton’s North End, Beeler Park, and Bluff Lake – and don’t forget to mix in close to record low interest rates – and it feels like our local real estate market has gone back a couple years to a more imbalanced, seller-favorable market.
If you were a Stapleton buyer in January? One piece of good news is Stapleton’s builders had a number of “quick move-in” new home opportunities, which aren’t always easy to find. On a related note, we diligently track quick move-in homes – also known as spec homes – available in Stapleton’s new neighborhoods. While this information has changed, here’s an example of how we help track these opportunities for our clients.
Low inventory makes contingent offers very difficult (contingent offers are when you need to sell your home before you purchase the new one.) So how is a buyer supposed to compete when they need the equity from their current home to purchase the next one? Check out Focus’ Joe Phillips and Matt Tenney of SWBC Mortgage Corporation video to learn about Matt’s loan program where a buyer can buy the next home without selling their current one first or check out our most recent blog post!
Also, if you’re a buyer, keep in mind this may be a temporary market imbalance, both here in Stapleton and Denver overall. Available home inventory tends to dip over the holidays and then pick up again after the Stock Show and Super Bowl are over. There are no guarantees, but we’re certainly hopeful that we’ll see more homes over the next few months.
Now, onto the listings!
7 New Stapleton Listing This Week
I’m loving the listings this week – lots of great choices – and here are a couple of my favorites!
2835 Akron Street
Have you been waiting for that classic Stapleton home on a great street with a great driveway and oversized garage? It’s here! 3 beds, 3 baths with a beautiful porch, private yard and a great unfinished basement for your finishing touch. This John Laing home is a quick walk to Westerly Creek Elementary, just around the corner from Stanley Marketplace and on a quiet, tree lined street! Listed by our friend John Baldree for $749,000 be sure to see it before it’s gone!
5871 Beeler Street
I’m so excited to see this beautiful townhome on the market – especially for $479,500! This Wonderland Prospect Durango floorplan includes 2 beds, 2 baths, an unfinished basement and great corner lot location in Beeler Park (oh yes, a yard with a townhome under $500k!) I love the white kitchen, triple sided fireplace, barn door, upgraded baths and beautifully landscaped yard. We’d love to show it to you – or feel free to check out the open house this Saturday from 12:30pm-2:30pm!
11245 E 25th Avenue *Listing Saturday*
Check out this nearly new Thrive townhome with 3 beds, 3 baths and the cutest courtyard – all for only $410,000! With farmhouse style and tons of upgrades – like 1st level wood floors, white cabinets, quartz countertops, gas range and more! Listed by our own Amy Atkinson – check out one of the best values in Stapleton!
16 Stapleton Under Contract Homes This Week
Whoa! 16 Stapleton homes went under contract this week ranging from $188,992 to $1,049,000 and spending about 23 days on the market.
4 Stapleton Homes Sold This Week
4 Stapleton homes closed this week after an average of 28 days on the market and at about 99% of original list price.
Thinking about selling your home or need more information about how to purchase a new build? As always, if you’re looking for a Stapleton-based agent (and neighbor) to help you find your perfect home – the team at Focus Real Estate is here to help! I would love to chat and my contact information can be found below.
Our Friday real estate updates are meant to be a “roundup” type post where we discuss all listings in Stapleton, not just our own. It’s our way of making sure we follow the market closely and we share it with the Scoop readers because we know many of you like to track real estate in the area as well. Many of the listings in these posts are not our company’s listings and we wanted to mention that here to make sure it’s clear. Thanks for reading the Scoop!