KIM KRONENBERGER
The Kronenberger Team MA, CRS, GRI, CLHMS, ABR, SFR, CNE Broker Associate
1745 Shea Center Drive, Suite 100 | Highlands Ranch, CO 80129 Each office independently owned and operated.
PROFESSIONALS
APRIL 2021 REAL ESTATE MARKET REPORT
303.809.4390 Kim@TheKronenbergerTeam.com Info@TheKronenbergerTeam.com www.DiscoverBackCountry.com
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BACKCOUNTRY www.DiscoverBackCountry.com
in Highlands Ranch and Highlands Ranch Luxury Properties (over $500K)
Visit www.DiscoverBackCountry.com to find out your home’s TRUE value!
FEATURED BACKCOUNTRY LISTINGS B Y KIM KRON ENBERG ER PENDING
10817 Greycliff Drive 2 Beds | 2.5 Baths 4,918 Total Sq. Ft. Designer touches with mountain views and open floor plan.
SOLD
PENDING
339 Basilwood Way
10744 Braesheather Court
4 Beds | 3 Baths | 4,952 Total Sq. Ft.
7 Beds | 6.5 Baths | 6,803 Total Sq. Ft.
Jonathan and Angela-Marie, To have your own home featured, call me today at 303.809.4390.
PRESENTED BY
KIM KRONENBERGER PREPARED ESPECIALLY FOR
JONATHAN AND ANGELA-MARIE WILLIAMS
KIM KRONENBERGER The Kronenberger Team MA, CRS, GRI, CLHMS ABR, SFR, CNE Broker Associate
303.809.4390 Kim@TheKronenbergerTeam.com Info@TheKronenbergerTeam.com www.DiscoverBackCountry.com
Connect with me on
Educating, Negotiating, and Advocating for Sellers and Buyers Across the Denver Market
BACKCOUNTRY MARKET REPORT
•# 1 Partnership - South Metro Denver Realtor Association 2018 and 2019
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•R anked in the TOP 0.5% AGENTS in the US by REAL TRENDS, Inc.
HOME FOR SALE
•T op 25 Realtors in the Denver Metro Area by the Denver Business Journal •N amed by Trulia and Zillow as a Denver Top Agent for Customer Satisfaction
16 HOMES PENDING
Status
Address
• Top 20 Partnerships in RE/MAX
Active
149 Morningdew Place
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in Highlands Ranch & Highlands Ranch Luxury Properties (over $500K)
WHY EXPERTS BELIEVE WE ARE NOT FACING A REAL ESTATE BUBBLE With home prices increasing, interest rates remaining at record lows, and demand skyrocketing, the same question seems to be on everyone’s mind; are we in a real estate bubble? Experts and Realtors agree the answer is no.
HOMES SOLD
HOMES CURRENTLY LISTED IN BACKCOUNTRY
• 5280 – 5-Star Realtor®
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15
Bedrooms
Total Baths
Above Ground Square Feet
List Price
8
7
4,473
$1,880,000
KIM’S PENDING SALES IN BACKCOUNTRY Status
Address
Bedrooms
Total Baths
Above Ground Square Feet
List Price
Pending*
10817 Greycliffe Drive
2
3
2,735
$1,099,999
Pending*
10744 Braesheather Court
7
7
4,619
$1,899,000
HOMES RECENTLY SOLD IN BACKCOUNTRY Status Address
Bedrooms
Total Baths
Above Ground Square Feet
Sold Price
Sold Date
DOM
Sold* 339 Basilwood Way
4
4
2,778
$1,300,000
03/05/21
0
Sold
254 Featherwalk Court
5
5
2,505
$1,375,000
03/05/21
14
Sold
546 Pine Flower Court
6
5
3,027
$1,130,000
02/26/21
5
Sold
340 Maplehurst Drive
4
5
3,799
$1,300,000
02/26/21
4
Sold*
10424 Maplebrook Way
4
5
2,944
$910,000
02/16/21
4
Sold
10572 Skydance Drive
4
4
2,923
$950,000
02/12/21
3
Sold
10699 Greycliffe Drive
5
4
2,869
$975,000
02/04/21
0
Sold
10468 Willowwisp Way
6
7
3,707
$1,110,000
01/15/21
23
BETTER REGULATIONS ON LOANS
EQUITY IS GROWING QUICKLY
Unlike the Great Recession’s collapse, home loans are no longer funded via low-doc/no-doc loans by borrowers lacking qualifications.
2020 saw an increase of 11%, and this year is on track for another 6% growth. People can sell or refinance and banks still come out ahead.
SUPPLY IS STILL MUCH LOWER THAN DEMAND
PERMANENTLY WORKING FROM HOME
Sold
10720 Fairgrove Court
5
5
3,406
$1,050,000
01/13/21
4
COVID-19 has shown that many jobs can be performed remotely, so buyers are moving to areas that better suit their lifestyles.
Sold
349 Maplehurst Point
4
6
3,600
$1,375,000
01/12/21
5
Sold
10769 Skydance Drive
5
5
3,999
$1,465,000
01/08/21
9
Sold
592 Meadowleaf Lane
4
4
2,183
$653,400
01/05/21
0
Lack of supply has been a factor for over a decade and has only increased in the last year, creating massive shortages and dramatically increased prices.
NEXT GENERATION INFLUENCE
BUILDERS CAN’T KEEP UP
Over 50% of young adults live with their parents. It’s only a matter of time before these individuals are looking for their first home.
Some home builders have reported a ten-month waiting time for construction while others are using a lottery system.
When a bubble pops, nothing remains – this is opposite of the current market. Demand is fueling the increase in pricing, rather than low-qualified buyers obtaining loans.
I HAVE PRE-QUALIFIED BUYERS LOOKING IN BACKCOUNTRY! They are looking for a 4 bedroom home with mountain views from $1,500,000-$2,000,000. If your home fits their needs, and you are interested in selling, please call me today at 303.809.4390 today!
Jonathan and Angela-Marie, With such a unique market, it’s important to work with a Realtor who understands not only the current market trends, but your community as well. Let me go to work for you and help achieve your real estate goals. Call me today at 303.809.4390 for a free consultation!
*Listed and/or Sold by Kim Kronenberger Kim Kronenberger, The Kronenberger Team, RE/MAX Professionals, and The RE/MAX Collection are not in any way affiliated with BackCountry Home Owners Association, nor is this in any way an official advertisement or publication of BackCountry. © 2021 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the REColorado MLS between January 1st, 2021 and March 10th, 2021. Listings and sales may not be those of RE/MAX Professionals or The RE/MAX Collection. The REColorado MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.