Today we're talking about what's happening in the Denver real estate market and also showcasing what features you can expect to find in a home for $500K in Highlands Ranch.
Fall is here and I am in one of my favorite communities in all of Denver, Highlands Ranch. Highlands Ranch is just south of Denver and is home to roughly 95,000 people and is only 25 years old. This beautiful community is in one of the highest income earning per capita counties in the greater Denver area. This community is very family oriented with many parks, trails, schools and recreational centers geared for upscale outdoor living. Today I wanted to show you just what your $500,000 budget can buy in Highlands Ranch.
Before we jump to Highlands Ranch homes, I wanted to give you a quick market update for Denver. So far, the average days on market has not changed from a solid 39 days; which is awesome because just a year ago, the average was 70 days on market. Secondly, the average price per home in Denver is hovering around $304,000, which is also great. Finally, over the last two years, the amount of active homes on the market has dropped significantly and what has changed from last month to this month is that there are currently 2% less homes on the market for the Denver area.
Now back to Highlands Ranch where I am going to showcase three houses in the $500,000 range. When purchasing in that range, some things will come standard like at least a three car garage, at least a five bedroom home, at least a finished basement, 3500-4500 square feet standard and a home that will have an open and inviting floor plan. Some bonuses that come from a home in the $500,000 range is the home backs onto open space and mountain views, 10,000-15,000+ square foot lots, a fourth car garage (depending on the builder) and private cul-de-sacs.
My first house is on Candlewood Ct. and priced at $505,000. It has a three car garage, mountain views, backs to open space, has the open floor plan with updated fixtures and features five bedrooms, a finished basement and the house is just under 4,000 square feet.
The second house I’m showing is on Glenstone Dr. and priced at $510,000. What is unique about this house is that it’s a ranch-style house with a finished basement (for my out of state viewers, most houses in Colorado, especially the newer ones, have basements unlike California or Texas). This house features three bedrooms on the main level. Last year alone, 1600 homes were sold in Highlands Ranch - 150 of those houses were ranch style, which goes to show you that this is a rare find at $510,000.
Finally, we go to a house on Fox Meadow Dr. which is in one of the newest neighborhoods in Highlands Ranch called “The Hearth.” The Hearth features some of the most updated homes and newest models. This house, at $509,000, features an oversized two car garage. The home makes up for the lack of garage space by offering mountain views, updated fixtures, a fully finished basement, five bedrooms and four bathrooms in one of the newest and hottest neighborhoods.
Today I was able to give you three unique looks at homes in Highlands Ranch in the $500,000 price range. If you are looking for tri-levels, they are also available in Highlands Ranch. If you have any particular questions or intrigue about the houses I’ve shown today, don’t hesitate to call me at 303-523-4364. I look forward to talking and our call being the best call of your day.
Today we're going to continue our discussion of my book, Maximum Value, and we'll be speaking about codependency and pricing. 
