This market report is for the time period September 1, 2008 through November 3, 2008. Provided by Steven Beam-RE/MAX real estate broker in parker, Colorado.

The Timbers is located 5 miles south of the Town of Parker, Colorado off HWY 83. Mostly highend, upscale custom and semi-custom homes.

Price range from $500,000 to well into the millions.

Schools system is Douglas County Schools.

Currently Active Homes in The Timbers = 46

Currently under contract = 6

Sold from September 1, 2008 to November 3, 2008 = 16

Active Homes in the Timbers

• Average Home Listing price = $1,015,721
• highest Listing price = $1,790,000
• Lowest current listing price = $579,000

Recently Sold

• Average Sales Price = $865,219
  
• Average Original Listing price = $1,002,734
• Average price difference between asking and sold price = $86.2. WOW sellers are negotiating or dropping prices by almost 20%
• Average days on the market to sell = 248
• Average price per square foot = $223
• Average square foot = 3880
• Average net sales price to seller after concessions = $863,947

Under Contract Homes/Pending Sales

• Average Listing listing price for under contract homes = $1,005,783
• Lowest listing price for under contract homes = $684,900
• Highest listing price or under contract homes = $2,150,000

There are a lot of homes on the market in The Timbers. If your looking for a deal on reale homes in the higher price ranges you may want to take a hard look at the Timbers. From the market stats it apprears sellers are willing to make a deal. i know there are a lot of families hurting out there and really want to get out of these homes.

Luxury homes for sale in Parker Colorado.

Clarke Farms Real estate and homes for sale market report for September 1, 2008 to November 3, 2008. These are housing stats pulled directly from the MLS in the Denver Metro area.

Clarke Farms is located south of Lincoln Avenue and east or Jordan Road in Parker, Colorado. Approximately 3.5 miles east of interstate I-25.

Clarke Farms is a prime neighborhood of real estate and homes for sale with contemporary homes located in the heart of Parker. Easily access the community pool and the Cherry Creek bike path. Recreation centers and outdoor activities are plentiful so get out and enjoy Colorado.

Market report September 1, 2008 to november 3, 2008.

• Active homes for sale today in Clarke Farms = 17
• Sold since September 1, 2008 = 15
  
• Currently under contract in Clarke Farms = 10
• Average price of homes currently for sale = $243,692
• Lowest price of homes curently for sale = $185,000
• Highest price of homes currently for sale = $345,000

Pending Sales

• Average price for a home currently under contract = $229,515
• Lowest asking price for an under contract home = $199,900
• Highest asking price for a currently under contract home = $254,000

Sold Properties

• Average price for a sold property since Sep 1, 2008 = $243,692
• Average original asking price for homes sold during that time period = $257,120
• Difference between asking and sold price = 92.4%
• Average days on market to sell a home in Clarke Farms = 66
• Average square feet of sold homes = 2016
• Average price per sqfoot paid = $121
• Average net price to seller after all concessions = $237,574

Bradbury Ranch is a centrally located neighborhood in Parker, Colorado. Located off Jordan Road just south of Lincoln Avenue.

Home styles in Bradbury Ranch would be considered contemporary.

Bradbury Ranch is also located in an area with great schools. Douglas County RE-1 School district.

Home prices in Bradbury Ranch range from $209,000 up almost $500,000.

Resale homes and real estate in Bradbury Ranch are plentiful and for the money you get a great neighborhood, great location and excellent neighborhood amenities.

Does your REALTOR know your neighborhood? I do! 303-941-4663. EMAIL.

Click these links to see Parker Homes NOW.

Parker homes for Sale $200,000 to $300,000.

Parker homes for Sale $300,000 to $400,000.

Parker homes for Sale $400,000 to $500,000.

Home Sales Statistics for Bradbury Ranch in Parker: From September 01, 2008 thru November 03, 2008.

Total Number of Homes closed from Sep 01, 2008 thru Nov. 3, 2008 = 17

Average Price Home Sold in Bradbury Ranch for these two months = $273,368.

Average Original Listing Price = $285,535.

Average Price per Square Foot = $134

Average % percent difference between Listing and Selling Price = 95.3%

Average Days to Sell a home in Bradbury Ranch = 71 Days.

Current number of homes Under Contract/Pending Sale = 13.

Highest priced currently under contract = $419,900

Average price for currently under contract homes = $270,915.

CURRENTLY ACTIVE

There are currently 39 homes for sale in Bradbury Ranch.

Average current listing price = $324,756.

Lowest Current Listing price = $209,900.

Highest current listing price = $490,000.

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Ask for Bryan Gregory!

Ok here it is. I will keep my buyers names under wraps but I will tell you their story. It’s a story of “SHORT SALE HELL!”

Players:

• Buyers-Nice young couple that just wanted a home.
• Two brokers. Joyce Davis and myself Steven Beam
• Bank: Countrywide. Evil villan.
  
• Seller. Nice couple from Arvada.

On April 2, 2008 my buyers and I submitted an offer on a nice 3 bedroom home in Arvada. We knew going into it that this was a short sale and we were probably going to have to wait at least two months. They decided after a month to go ahead with the inspection. (minus the sewer scope until we have a fully accepted offer) The inspection went fine and we really only had a few minor concerns which the sellers took care of quickly. No problems so far.

In our 4th month the buyers had enough so they decided to go after another home not far away. We submitted the offer, got it accepted and scheduled the inspection. The house was a mess with electrical problems and then the sewer scope revealed a 4 foot break in the line. Oops! Of course the sellers declined to fix it since it would have cost them around $4,000. I believe the sellers were banking on the next buyers not scoping the line and getting away without correcting the problem even though they are supposed to disclose this problem.  So yes. My buyers have now spent close to $1,000 on inspections with no house to live in and nothing even close on the horizon. All the time living in a friends basement.

After the failed attempt to get a second house the listing broker from the original offer called to say that she still had our offer into the bank and that if the buyers were still interested they could resubmit an updated offer and continue their wait. So that is just what they did. Another 30 days pasted and Countrywide said they didn’t like our offer because we were only asking for $5000 in closing costs. They said most buyers needed 3% in closing costs which would mean we would now need to resubmit an offer asking for an additional $1,000 in closing costs. Do you see what just happened? The bank wanted to give the buyer more money for closing costs since everyone else did it that way. The bank just declined an offer to have us resubmit asking them for more money in closing costs therefore lowering the offer to the bank. STUPID! Our new imporved offer was now asking for $6,000 in closing costs. The buyers didn’t care they will just use the extra dough to buy down their rate.

In August we got a call from Courtywide. Our FIRST RETURNED CALL IN MONTHS! They told us they had moved the processing center and trained hundreds of new employees to handle short sales and not to worry we would have an answer in 7-14 days GUARANTEED! After a few weeks they ordered what was probably the 4th or 5th BPO and appraisal on the property just to make sure they were not getting screwed. They were not. Finally after another month we got a call and they have after 7 months of BS approved the short sale. YEAH!

Bottom line. If you don’t have a lot of time to waste or major patience don’t go after a short sale. Short sales can cause a lot of brain damage and not to mention expense. We still have not closed the property. Should close this month. I hope. I’ll keep you posted.

Overall I will have to say that my buyers have been very level headed and patient. They never really got upset and they kept their eye on the ball. I can only hope for their sake the property does in fact close since they just paid to have the sewer line scoped and thankfully it was all clear. I’m sure they are over $1,000 in inspection costs now.