CHRIS COOKE
STANDARD
Broker
303.667.1964
CCooke5280@gmail.com www.HomesInWeatherstone.com
W E AT H E R S T O N E • APRIL 2021 REAL ESTATE MARKET REPORT •
RE/MAX Professionals 1745 Shea Center Drive, Suite 100 Highlands Ranch, CO 80126
Each Office Independently Owned and Operated. Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | © 2021
WH Y E X PERTS BE L IEVE WE A RE NOT FAC ING A
Real Estate
With home prices increasing, interest rates remaining at record lows, and demands 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.
BUBBLE
BETTER REGULATIONS ON LOANS
NEXT GENERATION INFLUENCE
SUPPLY IS STILL MUCH LOWER THAN DEMAND
Unlike the Great Recession’s collapse, home loans are no longer funded via low-doc / no-doc loans by borrowers lacking qualifications.
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.
Lack of supply has been a factor for over a decade and has increased in the last year, creating massive shortages and dramatically increasing pricing.
EQUIT Y IS GROWING QUICKLY
BUILDERS CAN’T KEEP UP
PERMANENTLY WORKING FROM HOME
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.
Some home builders have reported a ten-month waiting time for construction, while others are using a lottery system.
COVID-19 has shown that many jobs can be performed remotely, so buyers are moving to areas that better suit their lifestyles.
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.
J I M A ND NA NC Y, 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 303.667.1964 for a free consultation!
www.HomesInWeatherstone.com P R E PA R E D E S P E C I A L LY F O R
Jim and Nancy Smith
P R E S E N T E D BY CHRIS COOKE
Your Weatherstone Real Estate Specialist
CHRIS COOKE
No One in the World Sells More Real Estate than RE/MAX!
Broker RE/MAX Professionals
303.667.1964
CCooke5280@gmail.com www.HomesInWeatherstone.com
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W E AT H E R S T O N E M A R K E T R E P O R T
WEATHERSTONE | CUR R E N T M A R K E T ACTIV I T Y
Jim and Nancy, With no active listings, homes in Weatherstone are in high demand. If you are thinking of selling in 2021, call me today at 303.667.1964 to have your home professionally marketed and mailed to hundreds of potential buyers.
Jim and Nancy,
This market report was created especially for you. If you are thinking of making a move to your next dream home, contact me today at 303.667.1964 for a free market analysis of your home.
There are No Homes Currently Listed in Weatherstone. There are No Homes Currently Under Contract in Weatherstone. RECORD LOW INTEREST RATES | ZERO INVENTORY | INCREASING SALE PRICES Call me to list your home today and take advantage of the seller's market!
Ho m es S o l d i n the Last 1 1 Mo nths i n Wea thers tone ACTIVE PENDING SOLD ©2021 Google | This map is a visual representation of the data to the right.
www.HomesInWeatherstone.com
W H AT I S YOU R HO M E ’S VALUE?
FIND OUT NOW WITH A FREE HOME ASSESSMENT.
Status
Address
Beds
Baths
**Total Square Feet
List Price
Sold Price
Sold Date
Sold*
1624 Meyerwood Circle
5
8
4,800
$1,150,000
$1,200,000
2/24/2021
Sold
1597 Meyerwood Circle
6
6
5,300
$1,250,000
$1,250,000
2/19/2021
Sold*
928 Shadowstone Drive
5
5
4,500
$839,000
$840,000
2/18/2021
Sold*
10385 Brookhollow Circle
6
5
5,000
$1,100,000
$1,150,000
1/4/2021
Sold*
10525 Weathersfield Way
5
4
4,400
$838,000
$880,000
12/30/2020
Sold*
10392 Brookhollow Circle
5
5
4,600
$1,125,000
$1,110,000
10/23/2020
Sold
762 Shadowstone Drive
5
5
4,300
$812,000
$810,000
10/21/2020
Sold
1506 Meyerwood Lane
5
5
4,900
$1,175,000
$1,175,000
8/26/2020
Sold*
1438 Brettonwood Way
5
5
4,600
$1,100,000
$1,150,000
7/31/2020
Sold*
10605 Ridgecrest Circle
5
7
5,400
$1,350,000
$1,335,000
6/22/2020
Sold
762 Shadowstone Drive
5
5
4,300
$775,000
$775,000
4/24/2020
Chris Cooke, RE/MAX Professionals, and The RE/MAX Collection are not in any way affiliated with any Weatherstone Owners Association, nor is this in any way an official advertisement or publication of Weatherstone. ©2021 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the REColorado MLS as of March 10th, 2021. Listings and sales may not be those of RE/MAX Professionals. The REColorado MLS do not guarantee the accuracy of this data, which may not reflect all of 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. Asterisked (*) properties were listed and/or sold by other brokerages. **Estimated square feet rounded to nearest hundred.