Q1 2024 Real Estate Market Report for single-family homes in
Highlands Ranch, Colorado, 80129 by Realtor Brad Dunevitz

"If you want to buy a single-family home in Highlands Ranch, CO 80129, then expect to spend about $662,500 for an “everyday” house" - Brad Dunevitz, Five Star Real Estate Highlands Ranch, Colorado

Today let’s look at the Q1 2024 Real Estate Market Report for single-family homes in Highlands Ranch, Colorado, 80129. This data is from 01/01/2024 - 03/31/2024.

• Currently, 17 single-family homes are for sale in Highlands Ranch 80129. 

• The lowest asking price is $595,000.

• The highest asking price is $1.689 million.

• The median asking price is $725,000.

• During the first quarter 2024, 57 homes sold in Highlands Ranch 80129.

• The lowest sales price was $555,000. This 3-bedroom, 2-bathroom home at 1248 Laurenwood Way, Highlands Ranch, CO 80129 is a patio home in The Villages neighborhood. Although in nice condition, it was dated, as you can see in the photos below. Note that these patio homes have smaller lot sizes — in this case, 3,833 SF, which is smaller than the size of an “everyday” Highlands Ranch house. Note: Homeowners in this community pay two HOA fees — a quarterly fee to the Highlands Ranch Community Association and a monthly fee to The Villages at Highlands Ranch.

Photo credit to listing agent Tom and Denise Barnwell, LIV Sotheby’s International Realty

• In Highlands Ranch 80129 FIVE homes total sold in Q1 2024 for under $600,000 and 29 sold for between $601,000 and $699,000.

• The highest sales price was $1.35 million.

• The median sales price was $662,500. 

#EverydayHouse

If you want to buy a single-family home in Highlands Ranch, CO 80129, then expect to spend about $662,500 for an “everyday” house

• 9431 Cove Creek Dr, Highlands Ranch, CO 80129 came on the market 01/18/2024 and is currently listed for $662,000, down from $690,000! This 4-bedroom, 4-bathroom home is updated and has a finished basement. To schedule a showing, call or text Brad Dunevitz, Five Star Real Estate, 303-587-1585. 

  

  Photo credit to listing agent Tara Jones, Opendoor Brokerage

Overall, despite March’s snowstorms, holiday, and spring breaks, our market continued to be resilient, which, typically, is a signal for a strong spring season. The demand for homes — as indicated by a 32% increase in the number of homes going under contract and a 21% increase in the number of homes that sold — underscores that.

Although the market still favors sellers, some buyers are rejoicing. The Denver metro real estate market is highly localized, meaning whatever is happening to home prices in your neighborhood or zip code might be the opposite of what is happening in the neighborhood or zip code next door. Select buyers are purchasing homes for much less than the asking price, and some of them are asking for and getting seller concessions, which is another term for seller-paid closing costs. 

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- Authored by: Realtor Brad Dunevitz, Five Star Real Estate
Highlands Ranch, Colorado and surrounding areas 04/14/2024