Landin Smith-Westridge Glen-September 2020

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1745 Shea Center Drive, Suite 100 Highlands Ranch, CO 80129 Each Office is Independently Owned and Operated.

LANDIN SMITH

ABR, e-Pro, SFR, GMA, REALTOR® Westridge Glen Expert and Former Resident RE/MAX Professionals (303) 990.2229 LandinBSmith@remax.net www.WestridgeGlenHomes.com

WESTRIDGE GLEN Real Estate Market Report

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

JUST SOLD

PREPARED ESPECIALLY FOR

JONATHAN AND ANGELA-MARIE WILLIAMS

9225 Aspen Creek Way | Sold for $734,900 4 Beds | 3 Baths | 4,844 Estimated Square Feet

KIND WORDS FROM A PAST CLIENT Landin is a great Realtor as he is extremely knowledgeable and friendly.

I would highly recommend him — even when the deal is done, he does not disappear. He follows up to ensure his clients are satisfied.

- 5 Star Zillow Review Jonathan and Angela-Marie, If you are thinking of selling and would like to achieve the same exceptional results, call me today at (303) 990.2229.

w w w. W e s t r i d g e G l e n H o m e s . c o m PRESENTED BY

LANDIN SMITH Your Westridge Glen Real Estate Specialist

WESTRIDGE GLEN

LANDIN SMITH

ABR, e-Pro, SFR, GMA, REALTOR® Westridge Glen Expert and Former Resident

JONATHAN AND ANGELA-MARIE,

RE/MAX Professionals

This market report was created especially for you. If you would like to know the value of your home please call me today at (303) 990.2229.

(303) 990.2229 LandinbSmith@remax.net www.WestridgeGlenHomes.com

Westridge Glen Homes Currently Listed

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COMPARING 2020ARETO 2008 THEY DIFFERENT? COVID-19 has had a large effect on the economy – so much so that you might have heard talks of our country entering another recession. Due to the severity of the 2008 financial crisis and the ensuing recession, the term stirs up a lot of emotions for many, especially when it comes to the real estate market.

Inventory and Appreciation

Annual Home Price Appreciation

In the years leading up to the housing market crash, home price appreciation (the increase in value of houses) was out of control. Homes simply became too expensive for buyers to afford, which became a contributing factor to the crash.

The price of homes is still high today, but it’s risen at a more stable level. Inventory is at a low in most markets, causing a surge in demand.

by Refinance in Billions Source: Freddie Mac

Source: Black Knight

11.4%

Now...

Year

Dollars

Year

Dollars

2005

$263B

2017

$71B

2006

$321B

2018

$87B

2007

$240B

2019

$89B

Total

$824B

Total

$247B

List Status

Address

Active Active

9254 Ironwood Way 2647 Bitterroot Place

6.5% 4.4%

The 6 Years Leading up to The Housing Crash 2000 2001 2002 2003 2004 2005

5.2% 5.5%

List Status

Address

Under Contract Under Contract Under Contract Under Contract Under Contract Under Contract

9151 Roadrunner Street 9268 Roadrunner Drive 9331 Desert Willow Road 9270 Fox Fire Drive 9151 Fox Fire Drive 2601 Cactus Bluff Place

Total Baths

Estimated Finished Square Feet*

List Price

List Date

4 5

3 4

3,100 4,300

$599,900 $649,900

07/08/20 02/27/20

Bedrooms

Total Baths

Estimated Finished Square Feet*

List Price

List Date

3 3 4 3 3 5

3 3 3 3 4 5

2,600 2,600 2,800 2,600 3,400 4,400

$525,000 $525,000 $550,000 $584,500 $630,000 $749,000

07/29/20 06/25/20 06/16/20 07/16/20 07/31/20 06/25/20

Westridge Glen Homes Sold In The Last 30 Days

6.4% 4.8% 4.7%

The Last 6 Years 2014 2015 2016 2017 2018 2019

Prior to the housing crisis, many homeowners were using cash-out refinances to supplement their cash flow, meaning they were tapping into their home’s equity as soon as it built up enough rather than letting it grow and build their overall wealth.

This put many homeowners in a negative equity position when the housing bubble burst; they owed more on their home than it was actually worth.

Jonathan and Angela-Marie, Now is a great time to sell your home! Interest rates are still extremely low, and I employ a number of ways to keep the selling process safe. If you’re ready to talk about these unique opportunities, call me today at (303) 990.2229.

Source: www.watersongmortgage.com

Bedrooms

Westridge Glen Homes Currently Under Contract

8.5% 8.7%

8.6%

Use of Home Equity

Total Home Equity Cashed Out Then...

12.5%

Real Estate Market Report

List Status

Address

Bedrooms Total Baths

Sold Sold Sold Sold Sold Sold Sold Sold Sold

9470 Wolfe Place 9121 Roadrunner Drive 9240 Ironwood Street 9401 Desert Willow Trail 2165 Indian Paintbrush Drive 9362 Roadrunner Street 9111 Anasazi Indian Trail 2383 Indian Paintbrush Circle 9332 Wolfe Drive

4 4 4 4 5 3 3 4 4

3 3 5 4 5 4 3 4 4

Estimated Finished Square Feet*

List Price

List Date

Sold Price

Sold Date

2,000 2,500 4,000 4,000 4,100 1,700 2,000 3,100 2,500

$500,000 $515,000 $640,000 $659,000 $699,000 $449,000 $469,900 $675,000 $504,500

06/26/20 04/18/20 06/25/20 06/26/20 05/18/20 06/10/20 06/20/20 04/01/20 05/29/20

$515,000 $510,000 $640,000 $662,000 $705,000 $470,000 $490,000 $667,000 $504,500

08/04/20 07/27/20 07/22/20 07/20/20 07/15/20 07/10/20 07/10/20 07/10/20 07/07/20

Landin Smith and RE/MAX Professionals are not in any way affiliated with Westridge Glen Home Owners Association, nor is this in any way an official advertisement or publication of Westridge Glen. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the REColorado MLS between July 6th, 2020 and August 5th, 2020. Listings and sales may not be those of RE/MAX Professionals. 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. *Estimated Square Feet Rounded to nearest 100. Listed and/or sold by RE/MAX Professionals.

GET A FULL-SERVICE HOME BUYING EXPERIENCE WITH MY SIGNATURE LENDER, ALAN CROCKETT ALAN CROCKETT

Branch Manager NMLS ID#230119 (Phone) 303-589-7000 (Fax) 888-881-2242 FairwayIndependentmc.com/Alan-Crockett

7600 E Orchard Rd. Suite 130S Greenwood Village, CO 80111 alan.crockett@fairwaymc.com