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Over the past month I've had several calls from million dollar buyers and sellers wanting to know how the high-end luxury real estate market is going in Pradera Golf Club. I've decided to post a little chart with the info and stats for luxury homes sold in Pradera.

If you don't know Pradera is located in Parker Colorado and is a private golf course community.

Below I'm defining the Luxury Real Estate Market in Pradera Golf Club as any house that has a final sales price above $700,000.

In 2008 there were 21 homes sold at a price of $700,000 or more in Pradera. The average sales price of these luxury homes was $1,072,314 and the lowest sale was $729,000 and the highest was $1,827,264.

In 2009 there were 11 homes sold above the $700,000 mark. The average sales price in that range for Pradera was $976,995 with a low price of $760,000 and a high sales price of $1,300,000. This was an almost 50% drop from the previous year.

So far in 2010 there have been 3 luxury sales in Pradera Golf Club. THe highest sales price was $1,095,000 the lowest was $750,000 and the average sales price of the 3 sales is $881,667.

Total Sales Volume for each year in the luxury home market are as follows.

2008 Volume = $22.518,591

2009 Volume = $10,746,943

2010 Volume so far = $2,645,000

This does not include custom built homes that builders may not have added to the MLS. It also would not include any listings that were FSBO or for sale by owner.

From the looks of the market it pretty much shows us what we already knew. Luxury home sales are on the decline.

I'm seeing a lot of wealthy buyers that could easily afford these large homes deciding on smaller homes that are totally decked out with all the amenities they want and need.

Most Recent Homes Sold Report for Pradera - June 2010 full market report for Pradera Golf Club

Several of my luxury buyers are even buying these homes and completing massive remodels on them before they move in. Tweaking the homes to their liking before they move. Seems like a smart idea especially since they are buying homes in the $600,000 price range and most have spent close to or more than $100,000 in remodels they are coming out spending less than they would have buying a new $1 million + home.

However, let's face it not everyone is cut out for a remodel job and MOST home buyers want newer and bigger and turn key real estate.

That being said I don't think Pradera has too much to worry about. Pradera is still a premier neighborhood in a prime location with every amenity a luxury home buyer could want.

Parker Homes For Sale $700,000 to $900,000

Parker Homes for Sale $900,000 and up.

Map

View Pradera Golf Community in a larger map

Location is everything in real estate and this home for sale has ideal LOCATION! Here is a really nice home for sale on a corner lot in Aurora Colorado. Located in the Pier Point Subdivison just off Parker Road and Quincy with super easy access to light rail and I-225.

Photo Tour Click Here.

FULL MLS SHEET

Asking Price $220,000

3 bedroom, 3 Bathroom with over 2000 square feet.

• Fully remodeled bathroom
• Unfinished basement
• Walkout lower level to a private patio.
• Deck off Master Bedroom
• Morning deck just off your kitchen.
• SUPER LOW TAXES = Less than $850 per year!
• Formal dining room
• Professionally landscaped.
• We have had the property fully inspected by a licensed home inspector and all items have been corrected.
• 12 Month American Home Shield Home Warranty already in place for the new home owner.
• Easy access to the Cherry Creek Reservior and Park trails.
  

Contact Steven Beam if you would like a PDF file of this listing's info emailed to you. Email Steve

NOTE: I also have the house next door for sale. 4054 South Atchison Way

Here is a VIDEO of 4056 South Atchison Way, Aurora, Colorado 80014

Also see all Parker Colorado Homes for Sale by Price Range.

4054 South Atchison Way, Aurora, CO 80014

MLS # 912045

Asking Price $265,000

This house can be purchased fully furnished.

This is a totally remodeled home. Nothing is left unfinished. From the roof to the floors plus the entire electrical system. Everything is done.

3 Bedrooms and 3 Bathrooms.

Not sure this home is for you? Check out the home I have listed for sale next door at 4056 South Atchison Way.

Click Play to See the Video

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Steven Beam Client Testimonials

Why buy real estate in Stonegate located in Parker Colorado

I'm going to take a moment here to show you the home sales in the Idyllwilde community in Parker, Colorado. For the year so far in 2010 we have 17 homes sold in Idyllwilde.

If you are considering buying a home in Parker, Colorado I would highly suggest a hard look at Idyllwilde. The community has a lot of great things going on right now. New development and big bucks are being invested which will keep Idyllwilde ahead of the game and more appealing that many neighborhoods going forward.

All Homes for Sale in Idyllwilde

FULL Idyllwilde Spreadsheet here.

Home for sale in Canterberry Crossing

Idyllwilde Real Estate & Community Information