Listing Prices in Littleton, Colorado, Are Rising
Posted by TheHomeCart.com on Saturday, April 4th, 2009 at 11:44am.Houses for sale in zip code 80125 – home to Littleton, Colorado -- boast rising listing prices, BusinessWeek.com reports. Home-buying activity this spring is happening in middle-class neighborhoods like Littleton.
The publication asked Altos Research in Mountain View, California, to find the zip codes large metro areas where listing prices were actually rising. They had expected those zip codes to be in places where competition was pushing up asking prices as homes changed hands quickly. Instead, the study found that:
- The zip codes showing the most listing-price appreciation were among the most expensive markets.
- In many cases, the median listing price was rising because more luxury listings were entering the mix. Wealthy homeowners were putting their expensive properties up for sale at the same time that the less expensive homes were being sold.
In Littleton, a suburb 10 miles south of Denver, Colorado, the annual listing price rose 9 percent to an average of $469,869. The mix of properties is shifting to more expensive properties, which take longer to sell. Properties are on the market an average of 202 days.
Our select team here with TheHomeCart.com and Brokers Guild - Cherry Creek Ltd is committed to meeting all of your Colorado real estate needs. We use the latest technology and utmost degree of customer service to enhance your real estate buying and selling experience. Our team services the Denver Metro area helping buyers and sellers with homes, townhomes, condos, lofts, and investment properties. We specialize in offering relocation assistance for local, national and international buyers of homes and properties here in colorful Colorado. For more information about buying or selling your Denver area home, please contact us here at TheHomeCart.com.
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