Kim Kronenberger_BackCountry_February 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

FEBRUARY 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!

2020 YEAR-END REVIEW BACKCOUNTRY

Avg. Above Ground Price/Square Foot

$355.21

Avg. SP/LP Ratio

98.48%

Avg. Days on Market Avg. Sold Price

52 Days

$1,093,918 IT’S A

SELLER’S MARKET!

Available Inventory

0.4 Months Homes Sold in 2020: 99

Jonathan and Angela-Marie, Your BackCountry community had a fantastic year. The demand for your community remains

PRESENTED BY

KIM KRONENBERGER

high with current inventory pointing to a seller’s market. Now is a great time to consider listing your home and taking advantage of the upward trends. If you are thinking about selling, contact me today at 303.809.4390.

Data based on listings from REColorado MLS from January 1st to December 31st, 2020. Does not include homes taken off the market. Information deemed accurate but not guaranteed.

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.

HOMES 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

3 HOMES PENDING

Status

Address

• Top 20 Partnerships in RE/MAX

Active Active Active

10410 Willowwisp Way 546 Pine Flower Court 30 Morningdew Place

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in Highlands Ranch & Highlands Ranch Luxury Properties (over $500K)

HOMES SOLD

HOMES CURRENTLY LISTED IN BACKCOUNTRY

• 5280 – 5-Star Realtor®

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26

Bedrooms

Total Baths

Above Ground Square Feet

List Price

6 6 6

5 5 7

3,363 3,027 4,803

$995,000 $1,100,000 $1,550,000

HOMES CURRENTLY PENDING IN BACKCOUNTRY There are currently 3 homes pending in BackCountry. For more information on these homes, call Kim today at 303.809.4390.

2021 Housing Forecast +7.0%

MORTGAGE RATES ON THE MOVE

Strong demand and more homes hitting the market equal a healthy rate of growth.

by end of 2021

Home sales are going up

3.4%

THE RISE OF THE MILLENNIALS No longer just dominating the entry-level market, millennials are now taking over as “move up” buyers as they have children and need more space.

KEY HOUSING TRENDS IN 2021

+5.7% Home prices will hit new heights

65.9% Homeownership Rate

MILLENNIALS AND GEN-Z

A recent survey said that lower mortgage rates enabled these buyers to change their home search toward a larger home.

REMOTE WORK

Despite high expectations of returning to the office, remote workers are choosing properties with dedicated office space.

SUBURBAN MIGRATION

Home shoppers are looking for an affordable space to shelter, work, learn, and live and are reporting increases in willingness to have a commute to work.

Jonathan and Angela-Marie, Homes in BackCountry are in high demand! If you are considering a move, call me today at 303.809.4390 to take advantage of these new trends.

Published by Danielle Hale, Realtor.com on December 2nd, 2020

HOMES RECENTLY SOLD IN BACKCOUNTRY Status Address

Bedrooms

Total Baths

Above Ground Square Feet

Sold Price

Sold Date

DOM

4 5 4 4 4 6 4 5 4 5 5 5 5 6 4 8 5 5 5 4 3 5 4 5 7 6

6 5 4 5 4 6 4 5 4 4 6 4 4 5 5 6 4 6 6 5 3 5 4 5 6 6

3,600 3,999 2,183 2,230 2,869 4,823 1,816 2,869 2,221 2,822 5,825 2,438 3,550 3,582 3,600 3,901 3,562 3,600 4,000 3,776 2,215 2,869 1,594 2,999 3,569 4,824

$1,375,000 $1,465,000 $653,400 $1,125,000 $1,060,000 $1,470,000 $750,000 $1,015,000 $810,000 $880,000 $2,775,000 $1,371,439 $1,085,000 $1,030,000 $1,250,000 $1,530,000 $1,225,000 $1,400,000 $1,030,000 $1,195,000 $944,000 $925,000 $750,000 $1,035,000 $1,115,000 $1,475,000

01/12/21 01/08/21 01/05/21 12/29/20 12/15/20 12/15/20 12/04/20 12/03/20 11/30/20 11/25/20 11/19/20 11/09/20 11/05/20 10/28/20 10/28/20 10/26/20 10/23/20 10/22/20 10/16/20 10/12/20 10/09/20 10/05/20 10/02/20 10/01/20 10/01/20 10/01/20

5 9 0 38 77 22 3 4 23 31 25 2 117 150 2 13 4 4 139 5 128 63 1 70 77 76

Sold 349 Maplehurst Point Sold 10769 Skydance Drive Sold 592 Meadowleaf Lane Sold 785 Backcountry Lane Sold 10821 Timberdash Avenue Sold* 128 Morningdew Place Sold 1003 Brocade Drive Sold 10643 Star Thistle Court Sold 683 Tiger Lily Way Sold 657 Meadowleaf Lane Sold 10883 Evergold Way Sold* 10871 Capstone Court Sold 10836 Manorstone Drive Sold 10710 Manorstone Drive Sold 10872 Greycliffe Way Sold 10769 Sundial Rim Road Sold 10764 Skydance Drive Sold 10805 Manorstone Drive Sold 10474 Marigold Court Sold 10826 Manorstone Drive Sold 10687 Featherwalk Way Sold* 452 Pine Flower Court Sold 1046 Brocade Drive Sold* 10599 Sundial Rim Road Sold 486 Maplehurst Drive Sold 782 Braesheather Place *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 October 1st, 2020 and January 13th, 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.