Susan Hall-Bow Mar & South Bow Mar-September 2020

SUE HALL

Broker Associate | RE/MAX Professionals

BOW MAR SOUTH & BOW MAR

RE/MAX Professionals 8500 W. Bowles Avenue #100 Littleton, CO 80123 303.973.3313

303.956.8445 SusanHall@remax.net www.BowMarsHomes.com

Each Office Independently Owned and Operated.

www.BowMarsHomes.com

Living In and Loving Our Community Since 2005

September 2020 Real Estate Market Report

Visit www.BowMarsHomes.com for community information, current listings, and recent sales.

YOU HOLD THE

POWER.

IT’ S A S EL L ER’ S MARKE T!

T H E M A R K E T IS HOT! NOW I S THE TI ME TO ACT !

HIGH BUYER DEMAND

HISTORICALLY LOW INTEREST RATES

LOW HOUSING INVENTORY

PRESENTED BY SUE HALL

Your Bow Mar South & Bow Mar Real Estate Specialist and Neighbor

Johnathan and Angela-Marie, With interest rates remaining low and home prices increasing at a healthy pace, homes in Bow Mar South and Bow Mar are in high demand. If you are planning on selling, contact Sue today at 303.956.8445 to create a safe and effective plan that works for you and your family.

P R E PA R E D E S P E C I A L LY F O R

Johnathan and Angela-Marie Williams

SUE HALL

BOW MAR SOUTH & BOW MAR MARKET REPORT

Broker Associate | RE/MAX Professionals

303.956.8445 SusanHall@remax.net www.BowMarsHomes.com

Connect with me on:

For a complimentary evaluation of your home, call me today at 303.956.8445.

Home Prices are Holding Up

Millennials are Starting to Buy Millennials want to buy homes and are poised to jump into the market.

Some foresee a boom in home buying in the coming years.

Paperless Mortage Process The industry has initiated a digital process with breathtaking speed.

More loans are likely to close quickly.

Despite the effects of Covid-19 on the economy, bidding wars are common, as eager buyers compete for limited inventory.

Third Quarter

REAL ESTATE

SELLING BEFORE THE YEAR ENDS? Receive the most accurate assessment of your home’s value, provided to you as a complimentary service by Sue Hall, your Bow Mar South and Bow Mar real estate specialist. You will not be contacted with any other solicitation.

www.BowMarsHomes.com Bow Mar South & Bow Mar Homes Currently Listed

Migration to the Suburbs Strong buyer interest has shifted to suburban neighborhoods. We are seeing more buyer interest.

Status Active Active Active Active

Neighborhood Bow Mar Bow Mar Bow Mar Bow Mar

Address 4677 W. Wagon Trail Road 4601 Homestead Street 5410 Sunset Drive 5152 W. Wagon Trail Road

Beds 4 4 5 6

Total Baths 4 5 5 6

Estimated Square Feet 3,387 3,521 3,096 4,096

List Price $1,699,000 $1,750,000 $2,000,000 $2,400,000

B ow Mar S outh & B ow Mar Hom e s C urre ntly Un d er Con tr a c t

TRENDS

Low Rates are Here to Stay

Shopping for Homes is Virtual

Many economists expect rates to remain low and possibly trend lower.

This increases buyer’s purchasing power and drives up prices.

Virtual tours allow homes to be fully viewed despite buyers never setting foot in the home. We have invested in the latest tools to offer the best buyer viewing experiences.

Johnathan and Angela-Marie, Now is the time to take advantage of the unique market! Call me today at 303.956.8445!

Status Pending Pending

Address 4580 W. Wagon Trail Road 4701 Prospect Street

Neighborhood Bow Mar Bow Mar

Beds 4 4

Total Baths 4 3

Estimated Square Feet 2,594 3,132

List Price $1,300,000 $1,725,000

Under Contract Date 07/23/20 08/06/20

Bow Mar South & Bow Mar Homes Sold Since June 1st, 2020 Status Sold* Sold* Sold* Sold Sold* Sold Sold

Address 5600 Morning Glory Lane 4440 Marigold Lane 4421 Marigold Lane 5862 S. Laurel Place 5131 Juniper Street 5151 W. Wagon Trail Road 4551 Prospect Street

Neighborhood Bow Mar South Bow Mar South Bow Mar South Bow Mar South Bow Mar Bow Mar Bow Mar

Beds 6 4 4 5 6 4 4

Total Baths 3 4 5 3 7 4 5

Estimated Square Feet 3,483 2,186 2,334 2,714 5,294 3,775 5,082

List Price $1,099,000 $1,225,000 $1,350,000 $899,000 $3,150,000 $1,850,000 $1,650,000

Sold Price $975,000 $1,225,000 $1,350,000 $905,000 $2,922,800 $1,825,000 $1,587,500

Sold Date 06/17/20 06/15/20 06/12/20 06/11/20 07/13/20 07/08/20 06/30/20

Sue Hall, The RE/MAX Collection, and RE/MAX Professionals are not in any way affiliated with Bow Mar South or Bow Mar Owners Association, nor is this in any way an official advertisement or publication of Bow Mar South or Bow Mar. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the REColorado MLS between June 1st, 2020 and August 17th, 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. *Asterisked properties were not listed or sold by RE/MAX Professionals.

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