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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.