This past week, our team listed, and sold, a gorgeous ground floor unit in the Redstone Ridge Condos neighborhood in less than a day. This rapid sale generated quite a few questions from our clients and some other interested residents in the neighborhood, so we wanted to post the latest market stats here.
For a complex this size (Redstone Ridge has over 300 units), there has been surprising few homes sold over the past 12 months. Some of this had to do with the slowdown in Denver area condos over the past few years. But now, as we start to see real, significant improvement in the market, we are seeing more owners with positive equity decide that now is the time to sell their condo.
Redston Ridge Sold Stats:
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| Original | List | Sold | Net Sold | |||||||||||||||
| Average Price | $143,722 | $139,754 | $138,320 | $136,601 | ||||||||||||||
| Median Price | $141,900 | $139,900 | $139,900 | $136,450 | ||||||||||||||
| Avg Price/SqFt | $119 | $116 | $115 | $113 | ||||||||||||||
| Avg Price/Fin SqFt | $119 | $116 | $115 | $113 | ||||||||||||||
| Avg Price/Acre | ||||||||||||||||||
| Avg Price/Avg List | 98.97 % | 97.74 % | ||||||||||||||||
| Avg Price/Avg Orig | 96.24 % | 95.05 % | ||||||||||||||||
| Median Price/Avg List | 100.00 % | 97.53 % | ||||||||||||||||
| Median Price/Avg Orig | 98.59 % | 96.16 % | ||||||||||||||||
| Lowest Price | $104,900 | $104,900 | $109,900 | $107,000 | ||||||||||||||
| Highest Price | $166,500 | $166,500 | $157,000 | $156,000 | ||||||||||||||
| High/Low Range | $61,600 | $61,600 | $47,100 | $49,000 | ||||||||||||||
| Mode Price | $139,000 | $139,900 | $118,900 | $135,000 | ||||||||||||||
| Volume Price | $3,161,900 | $3,074,600 | $3,043,050 | $3,005,227 |
Based on information from Metrolist®, Inc. for the period March 2012 through March 2013Note: This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market.
For those not familiar with the complex, Redstone Ridge sits just north of C-470, east of Kipling. The neighborhood offers amazing views of the foothills, easy highway access and is minutes away from Chatfield State Park. With it’s own private pool and clubhouse, this is one of the nicest complexes for Littleton condos under $150,000!
If you are interested in this area, it’s neighboring complex Deer Creek Condos, or any of the available Littleton condos and townhomes on the market, call our team of experts at 303-726-1874.