Stapleton Real Estate Market Snapshot

By: Greg Pond | May 17, 2012

The Stapleton Denver real estate market is making a strong come back through mid-May 2012. According to the Metrolist MLS data, twenty-three (23) single-family homes and condos went under contract in Stapleton from May 1st through the 15th. The data below shows that Stapleton real estate is moving and moving fast compared to a year ago. The average days on market (DOM) in mid-May was 39-days, compared to 122 days on market last year.

Another positive note for mid-May data is that the average price per square foot (PPSF) climbed up from $188/sf in 2011 to $211 this year. One negative, the number of sales declined this year from 12 transactions to 8 this year. But, the average price sold compared to the average original price moved in a very strong way from 92.56% to 99.07%. This reveals that sellers are getting very close to their original asking price, which is obviously good news for homeowners that would like to sell in Stapleton. Below is data gathered from Metrolist MLS.

Stapleton Sales

Transactions for single-family & condos from May 1-15

2011

2012

Sales

12

8

Days on Market (DOM)

122

39

Avg. PPSF

$188

$211

Avg. Price/Avg. Original

92.56%

99.07%

Avg. Price Sold

$383,665

$442,923

* Data gathered from Metrolist MLS on May 17, 2012.

Considering that there are only twenty-seven (27) single-family homes on the market excluding new construction as of May 17, 2012, there is very little inventory for home buyers to choose from on the re-sale market in Stapleton. Many of the builders in Stapleton are sold out of Central Park West and seeing a strong demand, because of the lack of re-sale homes on the market in Stapleton. Many of these builders are now moving on to the Bluff Lake Neighborhood and some are taking deposits on lots in Stapleton’s newest neighborhood. According to several builder sales associates, the market has really picked up and they are optimistic about Bluff Lake. To learn more about Bluff Lake Neighborhood, click here for the brochure.