The Conservatory Aurora CO - Market Update - April 2018

By
Real Estate Broker/Owner with Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# ER40011786

 

 

Wondering how the market is doing in The Conservatory?   Each month I do the statistics for this neighborhood to see how long homes are on the market, number of homes sold and how the home values are doing.  This is how you stay on top of a market shift.  Below you will find the update for this month and what is currently available.

  

Homes in The Conservatory  have basements, some are finished, some have mountain views and were built from 2002 to 2016.  There are ranch models along with two story and multi-level homes ranging in square footage from 1,387 to almost 3,000 above ground.  DR Horton/Continental was the original builder, but now Richmond, Standard Pacific and Carpace have homes in this neighborhood also.  There approximately 1,400 homes in this neighborhood.

 

You will find this neighborhood located North of Hampden between C-470 and Tower Road in South Aurora 80013.  The Conservatory has been desirable to buyers with its newer construction homes, several pocket parks, trails for hiking or walking the dog, being a pool community and easy access to C-470 and Denver International Airport.   Grocery shopping and many dining options and plentiful retail therapy is within ten minutes.  Southlands Shopping Center is off C-470 and Smoky Hill Road offering not only shopping, but a 16-screen movie theater, many dining options, a hotel, Farmers Market in the Summer along with outdoor concerts and many service providers.

 

The Current Market

6 active listings priced between $385,000 and $485,000 

12 average days on market

You can find the current Active Homes for Sale in The Conservatory here

 

6 homes currently are Under Contract ranging from $399,900 to $489,500

Average days on market are 10 days

 

The Conservatory market is still a Seller's market, and now are seeing many buyers out looking for homes, and not much inventory.

  

 

What happened in April 2018?

8 homes SOLD ranging from $365,000 to $513,000 (last month was 10 sales)

These homes were on the market for only 4 days  (last month was 5 days)

Sellers saw 100.96% to list price  (last month was 100%) 

 

Spring weather has been very mild, buyers began their search again this year pretty early in the year, and now we are seeing the inventory increase a bit.  Good news for the buyers.

 

 

Here is what all of 2017 looked like - 

Total Sales - 104 sales (148 in previous year)

Average Days on Market - 9 days (10 in previous year)

Average Sold Price $402,500 ($375,000 in previous year)

Sellers saw 100% sales price to list price (100% in previous year)

 

 

 

  

 

 

Are we in a housing bubble?   Economists around Denver are saying all the factors say NO.  The unemployment rate is very good, and significantly lower than the national average.   Supply and demand continue to remain strong and we are see an influx of new residents coming into Denver looking for housing.

  

 

 

If you are interested in homes for sale in The Conservatory, or would like to discuss your options to sell, please give me a call.  I live and work in the Aurora area, and am an experienced REALTOR® in this strong Seller's market. 

 

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Metro Brokers - House to Home, Inc.House to Home

GRI, CRS, CNE, e-Pro  

Broker/Owner

Joan@JoanCox.com

720-231-6373

 

Denver Real Estate

Homes for Sale in Denver

Neighborhoods in Denver

 
  A Denver Metropolitan Realtor

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Ambassador
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Joan Cox  what a wonderful market report on the-Conservatory-Aurora-Co- I am sure it will bring you many calls from both buyers and sellers

May 07, 2018 12:23 PM #1
Rainmaker
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Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

I can see why the Conservatory has homes on market an average of 12 days.  The exteriors and curb appeal is very nice. I hope your buyers and clients hire you so that you can provide them with the information they need. 

May 07, 2018 03:35 PM #2
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Nice presentation on The Conservatory. It looks like buyers really like this neighborhood.

May 07, 2018 07:34 PM #3
Rainmaker
2,855,323
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hello Joan - it is clear to see the appeal of The Conservatory- - - very good overview with lots of valuable information. 

May 08, 2018 07:37 AM #4
Rainmaker
4,197,490
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Joan.  Thanks for keeping us informed about the real estate market in the Conservatory in Aurora CO.

 

May 08, 2018 07:55 AM #5
Rainmaker
3,481,654
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Hannah, my posts always rank high for this neighborhood, and do a lot of business here.

May 08, 2018 10:01 AM #6
Rainmaker
3,481,654
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sheri Sperry - MCNE® I was a bit shocked it rose so much, they are usually under contract over a weekend - so 1-3 days is more the norm.   Had a home or two overpriced, and skewed the numbers.

May 08, 2018 10:02 AM #7
Rainmaker
3,481,654
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Debbie, buyers do like this neighborhood! 

May 08, 2018 10:02 AM #8
Rainmaker
3,481,654
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael, thank you for your kind words! 

May 08, 2018 10:03 AM #9
Rainmaker
3,481,654
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Gabe, thanks for stopping by and commenting! 

May 08, 2018 10:03 AM #10
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

This is a nice market report and shows how invested in the market place you are. Well Done Joan Cox!

May 08, 2018 11:30 PM #11
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will love your local real estate market reports.

May 09, 2018 03:20 AM #12
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Joan Cox

Denver Real Estate - Selling One Home at a Time
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