Kim Kronenberger_BackCountry_April 2021

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.