The Timbers, Custom Homes in Parker, Colorado.

This is the year end 2008 real estate market report for all the homes that are currently active, under contract and sold in The Timbers. The sold homes are from January 1, 2008 to December 26, 2008. I have also included the homes that FAILED to sell that either expired their listing agreement before selling or were withdrawn because hey did not sell. There were quite a few withdrawn and expired homes in 2008 and the main reason is of course the economy and the oversupply of luxury homes. Unfortunately luxury homes have fallen out of favor for 2008. Most of the blame can be placed on builders over building and banks tightening of credit and jumbo loan restrictions. Lets all hope banks loosen their restrictions and free up money to the luxury home buyers in 2009. I feel confident that most builders have either stopped or dramatically slowed down the building of new homes in just about every area of the Denver including Douglas County.

• Other Market Reports

Chances are if you are looking at this report as a home seller potential buyers are enjoying it as well. If you would like to professionally market your home for sale in The Timbers please call Steven Beam for an interview. 303-941-4663 or EMAIL Steven now.

If you need additional information or have questions please feel free to call me. 303-941-4663. If you would like a private FEED for the properties for sale in The Timbers let me know and I will be happy to set it up for you.

View the entire spreadsheet here.

 

 

http://www.parkercoloradorealestatehomesforsale.com/0092BF

Steven Beam Client Testimonials

1. "Thank you for being a patient REALTOR and helping us find a great first home!" Jamie and Katie, Highands Ranch, CO. June 2008.

2. "Steven did a fantastic job on just 24 hour notice and spent the next 2 days showing us homes and making offers. Our previous broker could not do this. We are sincerely appreciative of his efforts and will recommend him to our Associates!"

Kelly and Carol Patterson -New homeowners in the Idyllwilde subdivision in Parker, CO.

3. Steven-Thank you for selling two of our Parker homes at one time. It was very scary trying to sell two homes at once over the holidays. You sold our investment property in 20 days and our primary home in a little over a month. I will reference for you anytime.

Jason and Jill R.

Parker, Colorado

4. Moving to a new state and buying a home can be stressful and intimidating.  Steve Beam made the purchase of our home a very enjoyable experience.  With his professionalism and knowledge, he was helpful, informative and never pushy.   He was always prompt and attentive and stayed way ahead of the game throughout the whole process.  Having Steve working for us gave us the confidence we needed during this time.

Richard & Stephanie Colunga

Centennial, CO
From: Huntsville, Texas

5. I want to express my gratitude for employing such a wonderful associate.  My husband and I have moved all over the country over the past 20 years.  We just moved to Denver and we had the pleasure of working with Steve Beam.  The best way to describe my home buying experience is to tell you that it was the best real estate experience my husband and I have ever had.  Steve was a true joy to work with. He was very patient, knowledgeable, and helpful at all times.  I "will" recommend Steve Beam to everyone.  He is a true professional and treasured jewel to his industry.

Sincerely,

The Phillips

Cherry Creek, CO

6. I would like to take this opportunity to express my gratitude and satisfaction with our realtor Steve Beam. His thorough and professional customer service allowed us a very smooth transaction from our initial meeting, looking at various neighborhoods, all the way up to, during and after closing our new house.  Steve continues to be an excellent resource for us on our house related issues, even now, months after close.  I would gladly refer all potential real estate clients to him.

Mark and Lisa Boland

Castle Rock, CO
Relocation from Sweden

7. "Selling our home through Steve Beam exceeded all of our expectations. Thanks for your outstanding efforts. I wish everyone was as diligent, courteous, and knowledgeable as you!  You will be receiving many referrals from us".  Thanks for a wonderful experience!"

Mr. and Mrs. Ross Lewis
Lone Tree, Colorado

8. Our family met Steve Beam while he was hosting an open house at a client's home.  We leisurely walked through the home when he asked us what type of house we were looking for. After telling him, he told me that he would be happy to email me a copy of listings to look over that met our basic criteria.  Being in sales myself, I was very comfortable working with someone such as Steve.  He wasn't pushy and he seemed very down to earth.  As a test, I gave him our information, we shook hands and then we left. I remember sitting in the car telling my wife how comfortable I felt with Steve.  

Sure enough, a day later, I got an email with the listings that matched just what we had discussed.  My instinct told me that Steve was for real. We worked with Steve for about 4 months and he never missed a beat.   He always returned phone calls (my hot button) and he always made us feel like we were his only clients. 

My best story about Steve comes from a trip while out looking at homes.  Our basic criteria for a home were:  a three car garage, a small porch to sit on, decent yard, and a house facing either West or South.  We were looking at a brand new home in Castle Rock which had many of the features we wanted, but the house wasn't in the area that we desired and it faced east.  My wife and I picked out a few features that we really liked.  Steve could see in my eyes that I was thinking about putting down a deposit.  The sales associate working for the builder was going "for the close".  All of a sudden, Steve told the sales associate, "why don't we think about this and we'll get back to you."  He knew, he remembered and he cared enough to say something that would lose a sale for him and the sales associate--I thanked him repeatedly on the way home. A few days later we found our dream home which met all of our criteria. We would recommend Steve Beam to anyone, at anytime. He made looking for a home a truly enjoyable experience--he is truly an asset to his industry. 

Sincerely,

The Thompson's
Parker, Colorado

8. We listed our house for sale with Steve Beam, who is with RE/MAX Alliance.  We received an acceptable offer and the closing took place without a hitch. The initial listing to closing took place in less than 3 months, which in today's Denver real estate market I believe to be quite good.  I believe this was possible because Steve gave us good advice on a reasonable range of listing prices.  Steve continuously kept us updated on the market activity by providing us with updated listing and sold prices in the area. He conducted a number of open houses which acquainted our property to various local Realtors and potential buyers.  Through demographic research, he was able to identify a number of potential buyers, some of whom were interested in our property.  Throughout this period, Steven Beam was friendly, courteous and diligent.  We would recommend him to anyone who needs the services of a realtor.

Sincerely,

George & Mary Cogorno

 

9. Thank you for a great job! We found our home with your guidance in two days. We love it!

Richard and Family, Clarke Farms, Parker, Colorado

 

http://www.parkercoloradorealestatehomesforsale.com/008173

 

Ok. You want to list your home for sale and you think your place is worth $500,000 and the Realtor that just interviewed for the job said no the house is worth $450,000. I hear it all the time from home sellers here in Parker, Colorado.

Be realistic and you will sell your property faster and for more money.

If you are a home seller you need to be very smart when you are pricing your home for sale in Parker, Colorado. Buyers are market savvy and they know values. Many buyers start their home search many months in advance on the internet so they have learned your neighborhood values even better than most of the sellers living in the neighborhood.

Remember this.

1. Over pricing your home initially will cost you more money in the long run. Add up your holding costs and look at what it is costing you.

2. Homes that sit on the market for a long time sell for less money than homes that sell quickly.

3. The majority of homes that are listed for sale end up NOT selling. They fail to sell.

4. The majority of homes listed for sale are so over priced they receive only a few early showings then sit on the market for months and months or even a year.

5. Your first offer is generally your best offer. So make the best of it and work hard to get the first contract to closing.

Every seller in every town across America thinks their house, which is just like the house down the street, is worth more. Guess what? Most likely it isn't. Value and price for your home is determined by other SOLD homes in your area that are the same or close to the same in size and with very similar features such as # of bedrooms and # of bathrooms.

• Generally speaking comparable home sizes should be within 15 percent of each other.

• Run from the Realtor that promises to sell your house at a price you believe to be too high. I know it's hard to undo the thoughts of your house selling at a really high price like they promised but chances are they are trying to buy the listing from you. Buying a listing is when a Realtor comes in and promises to sell your house at an inflated price to the rest of the sold homes in the neighborhood. When the house hasn't sold in 3 months they come back to you and start asking for huge price reductions. Bottom line. Price it right from the start.

• Market Value in Parker, Colorado is what a ready willing and able buyer is willing to pay for a house and what a ready willing and able seller is willing to take for a house.

• Most home appraisers and Realtors like to use fresh comparables that have sold in the last 1 to 3 months if possible. We can use homes that sold as far back as nine months.

• Please don't look at the price your neighbor has his home listed for. That is not the value of your property. I can ask $500,000 for my 2001 Toyota 4Runner but it doesn't mean it's worth that or anyone will ever pay me that price for it.

• The value of your Parker, Colorado real estate isn't what your neighbor told you he sold his house for just before he jumped onto the moving truck and rode out of town. GUESS WHAT! Your neighbors lie to you about their real sale price most of the time.

• Hire a Realtor with experience to help you find the real market value and list your home for sale accordingly. Don't waste your time, the buyer's time and your Realtor's time by pricing your home too high.

Don't waste your time by listing your house for an unrealistic selling price. Buyers don't like it, Realtors don't like it and believe it or not your neighbors don't like to see your house up for sale for a lengthy period of time. It makes them nervous to see your house sit for months. Be realistic and you will sell the property faster and for more MONEY.Guaranteed!

 

Steven Beam is a local Parker, Colorado real estate broker.

http://www.parkercoloradorealestatehomesforsale.com/008189

 

Ok. You want to list your home for sale and you think your place is worth $500,000 and the Realtor that just interviewed for the job said no the house is worth $450,000. I hear it all the time from home sellers here in Parker, Colorado.

Be realistic and you will sell your property faster and for more money.

If you are a home seller you need to be very smart when you are pricing your home for sale in Parker, Colorado. Buyers are market savvy and they know values. Many buyers start their home search many months in advance on the internet so they have learned your neighborhood values even better than most of the sellers living in the neighborhood.

Remember this.

1. Over pricing your home initially will cost you more money in the long run. Add up your holding costs and look at what it is costing you.

2. Homes that sit on the market for a long time sell for less money than homes that sell quickly.

3. The majority of homes that are listed for sale end up NOT selling. They fail to sell.

4. The majority of homes listed for sale are so over priced they receive only a few early showings then sit on the market for months and months or even a year.

5. Your first offer is generally your best offer. So make the best of it and work hard to get the first contract to closing.

Every seller in every town across America thinks their house, which is just like the house down the street, is worth more. Guess what? Most likely it isn't. Value and price for your home is determined by other SOLD homes in your area that are the same or close to the same in size and with very similar features such as # of bedrooms and # of bathrooms.

• Generally speaking comparable home sizes should be within 15 percent of each other.

• Run from the Realtor that promises to sell your house at a price you believe to be too high. I know it's hard to undo the thoughts of your house selling at a really high price like they promised but chances are they are trying to buy the listing from you. Buying a listing is when a Realtor comes in and promises to sell your house at an inflated price to the rest of the sold homes in the neighborhood. When the house hasn't sold in 3 months they come back to you and start asking for huge price reductions. Bottom line. Price it right from the start.

• Market Value in Parker, Colorado is what a ready willing and able buyer is willing to pay for a house and what a ready willing and able seller is willing to take for a house.

• Most home appraisers and Realtors like to use fresh comparables that have sold in the last 1 to 3 months if possible. We can use homes that sold as far back as nine months.

• Please don't look at the price your neighbor has his home listed for. That is not the value of your property. I can ask $500,000 for my 2001 Toyota 4Runner but it doesn't mean it's worth that or anyone will ever pay me that price for it.

• The value of your Parker, Colorado real estate isn't what your neighbor told you he sold his house for just before he jumped onto the moving truck and rode out of town. GUESS WHAT! Your neighbors lie to you about their real sale price most of the time.

• Hire a Realtor with experience to help you find the real market value and list your home for sale accordingly. Don't waste your time, the buyer's time and your Realtor's time by pricing your home too high.

Don't waste your time by listing your house for an unrealistic selling price. Buyers don't like it, Realtors don't like it and believe it or not your neighbors don't like to see your house up for sale for a lengthy period of time. It makes them nervous to see your house sit for months. Be realistic and you will sell the property faster and for more MONEY.Guaranteed!

 

Steven Beam is a local Parker, Colorado real estate broker.

http://www.parkercoloradorealestatehomesforsale.com/006EDF

 

After attending the Quarterly economic forum for Parker Colorado real estate I came away with a few interesting items I wanted to share.

View all properties listed for sale in Parker Colorado.

RSS feed of all Parker Colorado Homes for sale.

The Hess road to Interstate 25 cutover road should start around November 2008 and be completed one year later. This is of course if all budget items are finalized and completed as reported. NOTE: I received a call from a town official today telling me the road start date will most likely be pushed back but he would not comment on EXACTLY what the new days would be.

The Parker Colorado Real Estate Market:

• Showings are down considerably from a year ago. Data from the RE/MAX office in Parker has showings down almost 35%.
• Second Quarter sales volume improved over first quarter.
• Median sales price was about $300,000 for single family detached homes for sale in Parker.
• April Sales Volume for Parker Colorado real estate was 159 units sold. Down 9% from a year ago.
• May sales volume for Parker Colorado real estate was 184 units sold. Down 19% from a year ago.
• June sales volume for Parker Colorado real estate was 169 units sold. Down 21% from a year ago.
• Average Sales price for April = $342,172 for homes and $166,668 for condos.
• Average sales price for May = $383,117 for homes and $172,963 for condos.
• Average sales price for June = $341,544 for homes and $ 172,936 for condos.

The figures above were pulled for actual market data at Metrolist and is for the area of Parker Colorado real estate located in Douglas County.

Sales Data for Parker Colorado real estate and homes for sale.

These are the breakdowns for sales within a price range.

$0-$199,999 produced 21 sales.

$200,000 - $399,999 produced 319 sales

$400,000-$599,999 produced 64 sales.

$600,000- $799,999 produced 11 sales.

$800,000+ produced 16 sales.

Did you know that the current population for Douglas County is around 300,000?

 

Steven Beam is a Parker Colorado Real Estate Broker. For more information or even more detail stats please contact Steven at 303-941-4663 or Email Steven.

 

                 

 

http://www.parkercoloradorealestatehomesforsale.com/008171