Just Listed: Golden Gate Canyon Home on 12 Acres

This spectacular 4-bedroom, 3-bath mountain retreat is located just 5 miles or 10 minutes from Downtown Golden and is perched upon an 11.83-acre lot! The address is 26202 Golden Gate Canyon Road. It was just listed by Kristi Brunel for $985,000. As you walk through the front door you will be impressed with the vaulted ceilings, open floor plan, stone fireplaces, gourmet kitchen, modern lighting and amazing views through every window.  Enjoy the spacious master suite, complete with gas fireplace, and the living room which is currently a study and trophy room.  The gourmet kitchen features a 6-burner gas stove, granite  countertops and 12-ft. ceilings.  The finished basement, with 10-ft ceilings, is a great place to watch a movie in surround sound or walk out to enjoy the expansive views after fixing your bike in the workshop. Exterior features include a shooting range (could also be a pasture for horses), a 10,000-gallon cistern, multiple outbuildings and an old building site with two wells (not permitted). See Foothills Home.info for more info and pictures. Or call Kristi Brunel, 303-525-2520.

Price Reduced on Golden Listing

Kristi Brunel’s listing at 461 White Ash Drive is now listed at $795,000. It is a four-bedroom, 3½-bath 2-story home with finished walk-out basement and mountain views from every window.  Take a narrated video tour at MountainRidgeHome.com, then call Kristi at 303-525-2520 to see it.

Arvada Home Near Apex Center Just Listed by Kristi Brunel

This immaculate 3-bedroom 3-bath, 1667-sq.-ft. home at 7592 Coors Court also has an unfinished basement. It was just listed for $435,000 by Kristi Brunel. The home sits on the largest lot on its cul-de-sac. It features hardwood floors, new paint & texture, remodeled bathrooms, fireplace with new mantle, and newer roof, and carpeting. Other improvements include newer windows throughout (including in the unfinished basement), central air conditioning, a shed/work-shop with electrical power, and Velux sun tunnels installed to bring natural light into a bedroom and a bathroom. All you need to do is move in to enjoy the peace of the Ralston Valley neighborhood.  Relax in your manicured backyard or enjoy puttering in that workshop. The location is excellent — close to the Apex Center, Apex Skate Park, trails, parks, Interstate 70 and shopping! You can see still photos and take a narrated video tour at http://www.ArvadaHome.info, then call your agent or Kristi Brunel at 303-525-2520 to schedule a private showing.

Just Listed: Home in Golden’s Village at Mountain Ridge

This beautiful 4-bedroom, 4-bathroom home with oversized 3-car garage at 461 White Ash Drive is nestled against the foothills just west of downtown Golden in the Village at Mountain Ridge. It was just listed for $835,000 by Kristi Brunel. Enjoy spectacular views from every window including North/South Table Mountains off the back deck and Mt. Galbraith Open Space Park off your cozy front porch.  Featuring an amazing master suite, guest quarters, wet bar and walkout basement, this move-in ready home just needs your personal touch to make it your forever Golden home! Get more info and take a narrated video tour at www.MountainRidgeHome.com, then come to the Open House, Sunday, July 7th, 11 a.m. to 2 p.m. 

Statistics Show a Slowing Real Estate Market — But Not at Golden Real Estate

The 4½-year-long seller’s market is clearly transitioning into a “balanced” market and may be moving toward a buyer’s market by 2020, judging from statistics garnered from REcolorado, the Denver MLS.

In December, for example, the median days on market for City & County of Denver sales was 20, the highest since Feb. 2014, and the ratio of sold price to listing price was 98.5%, up from 98.3% in November, but otherwise the lowest since Feb. 2012 — nearly seven years ago.

January statistics won’t be available until early February, but a study of the 403 homes sold in the first 21 days of January shows that the median days on market is even higher — 28 days — and that the ratio of sold price to listing price has dropped to 97.2%.

The number of sold listings in December was 783, the lowest for a December since 2011. This compares to more than 1,000 sales in every December from 2014 to 2017. The number of active listings for this December was 1,605, the highest for any December since 2013.

Now let’s look at Jefferson County statistics.

In December the median days on market for Jeffco sales was 24, and the ratio of sold price to listing price was 98.6%. Both stats were the worst (relatively speaking)  since February 2014, nearby five years ago.

As with Denver, a study of the Jefferson County homes sold thus far in January shows that the median days on market will remain above 20 and that the ratio of sold price to listing price will dip even further. With 307 sales thus far and another 308 listings under contract over 20 days, I predict that the number of sold listings will be the same as or higher than January 2018, when 553 Jeffco homes were sold.  The median sold price will continue to climb, though less quickly.

Given these statistics, you can imagine our surprise at how well our own listings have performed this month. 

For example, broker associate Kristi Brunel listed a home on a busy street (usually not a good selling point) for $520,000, which was above what neighborhood comps suggested. She got it under contract for 13% more in four days. There were 60 showings and 13 offers, but there were 20 or more other offers which weren’t submitted once buyers knew how high the bidding had gone. Saturday’s open house, just hours after Friday’s big snow storm, was so busy and with so many cars parked on the street that one neighbor asked Kristi if it was a church function!

I had a similar experience with another listing. I got multiple offers which bid up the home to 7% over its listing price within four days, and the open house was the busiest I can recall. A Golden listing of mine which didn’t sell in December sold readily in January for nearly its listing price, and a $1.1 million listing of mine in downtown Golden sold in less than a week with multiple offers driving the price up by $75,000 following an open house where I needed help to accommodate the flow of buyers. 

So you can understand why I don’t quite know what to make of the current real estate market — except perhaps that Golden Real Estate knows how to sell homes better than other brokerages!

What we do know with certainty is that there are many disappointed buyers who did not win the bidding wars on these Jeffco listings and that homeowners who think they should wait until spring to put their home on the market should consider doing so now — and with us!

As I’ve written in the past, there are multiple reasons why winter is a good time to list a home, but our experience with these few listings is surprising even me. But beware — the reason that the MLS statistics are not as good as our own experience at Golden Real Estate may be that other brokerages are not listing their homes at the right price and not providing the kind of marketing for which Golden Real Estate is famous.

Buyers are definitely getting wiser and not making offers on homes that are overpriced. Give me or one of our broker associates a call and ask us what we consider the right price to list your home. 

Seniors: Learn What You Need to Know About Real Estate

Last month’s column was about the risk seniors face of being scammed or conned out of their homes.

Let’s face it — seniors need to be careful and knowledgeable about real estate as they age. There are issues of downsizing as well as inheritance. And you need to know how real estate works, how to choose the best Realtor and know that he or she is working in your best interest.

At Golden Real Estate we have two agents who have earned the Seniors Real Estate Specialist (SRES) designation as a result of special training on a multitude of issues facing seniors. One of them is David Dlugasch, shown at right during his PowerPoint presentation to a group of seniors. The other is Kristi Brunel.  If you belong to a senior group that welcomes outside speakers, please consider calling David at 303-908-4835 or Kristi at 303-525-2520 and arranging for a live presentation.  You may learn something that could help you in the future.

Beverly Heights Ranch Updated & Back on the Market

1936 Sage Circle

Nestled in Golden’s Beverly Heights with mountain views, just uphill from the Colorado School of Mines campus, this one-owner, ranch-style, 5-bedroom/3-bath brick ranch is move-in ready!  With over 4,000 finished square feet, 2 wood-burning fireplaces, studio, flex space and walkout basement, this home is a must see!  Sellers have remodeled the home with new paint, doors, walls, trim, outlets, switches and lighting. If you have previously toured the home, take a second look. The clean, modern feel of the home is sure to impress!  The private backyard oasis is great for relaxing as paragliders float peacefully overhead with the famous “M” on Mt. Zion as your backdrop. Buyers can add their personal touch to the kitchen and bathrooms to create their forever Golden home. There’s RV parking, too!  More pix and info at http://www.BeverlyHeightsHome.info. Listed at $770,000 by Kristi Brunel. Call her at 303-525-2520 for a private showing.