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.