Central Park (formerly Stapleton) Market Update

The Central Park (formerly Stapleton) housing market had a nice bounce in several areas in February 2016 compared to last year. ReColorado.com showed that there were only 23 home sales in February 2015 compared to 28 property sales in February 2016 in Central Park (formerly Stapleton). The average price per square foot for a home in Central Park (formerly Stapleton) last month was $264.21 compared to last February it was $227.39 per square foot. The average price of a home in Central Park (formerly Stapleton) is now $504,510 and you guessed it last year it was less at $435,031.

Another important metric in housing is the days on market, which dropped from 63 days in February 2015 to only 30 days in Central Park (formerly Stapleton). Days on market is the number of days on average that a house is listed for sale before it goes under contract. The recent data points to a strong Central Park (formerly Stapleton) real estate market and there are no signs of it slowing down. I am hearing stories from other real estate professionals that buyer interest is high and many buyers are experiencing bidding wars.

One other plug that I mentioned last month is a recent report of the Top 50 master-planned communities of 2015 in the U.S., which ranked Central Park (formerly Stapleton) #4. According to the report, Central Park (formerly Stapleton) home sales jumped 31% in 2015 with 665 new home sales. The news and data all point to a healthy real estate market in Central Park (formerly Stapleton). Time will only tell where it goes from here.

Brought to you by Greg Pond, REALTOR for TJC Real Estate.

TJC Real Estate  • 303.720.9199 • Greg@TJCRealEstate.com

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