The Outdoors are waiting with Ranch Style homes for sale in Applewood
This week we dive into what will be a series of posts showcasing Denver. Each week we will focus on the recent activity in each of the specific neighborhood searches found on DenverHomesMarket.com under the ‘Denver Neighborhoods’ tab. The first on the list is the community of Applewood. Before we get into the numbers on the graph way down there, let’s discuss why Applewood? I mean why, out of all the wonderful places that Denver has to choose from, why consider moving to Applewood? Well that all depends on what you consider important to you and where you want to live.
Not too close or too far
If you love being close to the city of Denver but not too close to a heavy population, this is the ideal location for you to buy a home for sale near Denver. If you love parks and recreation ,click here for the top Parks and forests near Applewood and, if you love hiking and biking trails look no further than right here and review the various hiking trails in the area. Looking for Homes for sale with mountain views. It is needless to say that if you love the outdoors, finding a home in Applewood should be your priority. You might think with all the open space, wilderness and being “The Gateway to The Rockies” , that you’ll spend an hour getting to the always active Downtown Denver. Well, you might be surprised there are a couple different routes to get you to downtown. (via the I-70 or take US-6) Applewood is less than 15 miles out from downtown’s’ Union Station. So, with the commute and the distance from downtown addressed what else? What other reasons to consider houses for sale in Applewood? You may want to check out some of the eateries, bars and shopping. The community page on Facebook might have some insight for you. check out the Applewood community’s Facebook page for yourself.
Houses for sale in Applewood near Denver?
Now the Applewood neighborhood may be on your radar as a place to call home near Denver. So, let’s look at some of the real estate stats.
Ok, great a bunch of lines! What does all this mean to a home buyer or home seller in the 80215 area code. The red line represents the selling price while the gold line speaks to the Inventory. As the inventory goes down, soon after the prices will begin to rise. Conversely, as the the inventory rises you”ll notice that there is a delay before the prices start to drop. (I call this the seller denial delay) There is a period of time even after the inventory has risen to a high level where sellers are in denial of where the market actually is. Many times we figure if our neighbors bought a house a few months back and they paid a certain price, then our home is almost certain to be worth thousands more. However, if you read the chart you will see that seller denial. Look at May of this year for a perfect example. You’ll see that in late April / early May the inventory was quite high but the prices took another month or so to start falling. Then when word hit the street they plunged, the prices went from roughly 475k to about 290K as a median price. Now, does that mean that the same house that sold in April for 475K is worth 290K in July? Not necessarily and not in this case. What this does show is the trend. That’s what I want to you to focus in on. Do not get too tied up with the actual numbers but look at the trends and the delays in the prices rising and falling in relation to inventory throughout the year. The homes that were sold in April in large part were simply more expensive homes being sold (on average) compared to the homes that were sold during July.
On the flip side
Now, you can also flip this chart and look at the prices and what might be considered “Buyer’s Denial”. When inventory is very low there is not much by way of Denver homes for sale on the market. That delay of in price rise suddenly erupts as multiple buyers start competing for the same homes. The prices, after a lull, will sharply start to rise as escrows start closing and the actual sales prices start to present themselves. As we close out this year you see Applewood has a healthy housing market. Inventories rise and fall as seller’s put their homes on the market and new construction projects come to completion. Prices, although fluctuating, are showing healthy volume and good correlation to inventory.
Applewood is a community that is away from the hustle and bustle of downtown Denver and away from the traffic, yet close enough to be have homes for sale with convenient commute. There is a small yet active business community with eateries and bars along with a bowling alley nearby. Outdoor activities abound with Golf, fishing, hiking etc. Our Real Estate website is designed to allow you to search all homes for sale in Applewood and others active on the MLS in specific neighborhoods. If you want to search the area for available homes you can search our listings of the Applewood community here..