Homestead Year End 2020 Market Report

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What a strange and painful year 2020 has been! But it seems in these times we often learn the most and gain depth we didn’t have before. I hope this is our experience in retrospect.

 Yet the real estate market in Denver did not waiver! I hope you will find these figures interesting, showing the sales activity in Homestead in the Willows, Homestead Farm, and Homestead Farm II, most of which are recorded in the Multiple Listing Service. I have included all FSBOs unless there were any I didn’t know about. If  you have any questions, please feel free to contact me.

Using weighted averaging, I have calculated the appreciation of home values in all of Homestead for 2020 to be 7%. The average inventory of homes for sale in Homestead for 2020 was 4, which was down 43% from 7 which was the 2019 figure! Just for perspective, the average inventory for the 10 years 2003 through 2012 was 16!! Also interest rates have declined from 3.5% (30 year fixed rate, conforming, 0+1)      1 year ago to 2.5% currently! This is absolutely historic…we have never seen rates this low!

What a strange and painful year 2020 has been! But it seems in these times we often learn the most and gain depth we didn’t have before. I hope this is our experience in retrospect.

Yet the real estate market in Denver did not waiver! I hope you will find these figures interesting, showing the sales activity in Homestead in the Willows, Homestead Farm, and Homestead Farm II, most of which are recorded in the Multiple Listing Service. I have included all FSBOs unless there were any I didn’t know about. If  you have any questions, please feel free to contact me.

Using weighted averaging, I have calculated the appreciation of home values in all of Homestead for 2020 to be 7%. The average inventory of homes for sale in Homestead for 2020 was 4, which was down 43% from 7 which was the 2019 figure! Just for perspective, the average inventory for the 10 years 2003 through 2012 was 16!! Also interest rates have declined from 3.5% (30 year fixed rate, conforming, 0+1)      1 year ago to 2.5% currently! This is absolutely historic…we have never seen rates this low!

Thanks again!

Rick Goebel

According to my calculations in Homestead, we’ve seen appreciation of approximately:

198119821983198419851986198719881989199019911992
13%12%0%1%-1%0%-1%0%-1%5%5%10%
199319941995199619971998199920002001200220032004
12%11%1%3%4%10%12%14%11%2%0%5%
200520062007200820092010201120122013201420152016
5%3%7%2%0%0%-3%4%7%12%10%7%
2017201820192020
6%8%2%7%

SANFORD HOMES RECORDED IN MULTIPLE LISTING SERVICE
1-Average Sale Price 2– Low-High Sales Price 3– Number Reported Sold

MODEL2011201220132014201520162017201820192020
TOTAL1 $425,240
2 $248,000-$626,500
3 54 Sold
1 $433,450
2 $275,000-$635,000
3 75 Sold
1 $464,399
2 $303,500-$735,000
3 72 Sold		1 $507,245
2 $330,900-$899,000
3 55 Sold		1 $544,925
2 $393,000-$749,000
3 69 Sold		1 $580,049
2 $400,000-$775,000
3 72 Sold		1 $614,911
2 $380,000-$920,000
3 62 Sold		1 $669,095
2 $425,000-$1,355,000
3 81 Sold		1 $680.008
2 $440,000-$965,500
3 59 Sold		1 $747.947
2 $525,000-$1,315,000
3 64 Sold
Wolcott

3 Bedroom
1742-1786 Sq. Ft.
4 Level		1 $335,000
2 $295,000-$375,000
3 2 Sold
1 $330,612
2 $275,000-$377,009
3 9 Sold
1 $342,643
2 $303,500-$382,000
3 7 Sold
1 $414,900
2 $400,000-$426,000
3 5 Sold		1 $460,833
2 $407,000-$650,000
3 6 Sold		1 $440,967
2 $408,000-$475,000
3 3 Sold		1 $458,333
2 $435,000-$490,000
3 3 Sold		1 $505.180
2 $425,000-$559,000
3 5 Sold		1 $621.800
2 $575,000-$722,000
3 5 Sold		1 $629.975
2 $525,000-$800,000
3 6 Sold
Stockton

3 Bedroom
1749-1769 Sq. Ft.
2 Story		1 $339,880
2 $256,280-$375,000
3 6 Sold
1 $345,633
2 $277,800-$420,000
3 6 Sold
1 $379,063
2 $330,000-$422,500
3 8 Sold		1 $374,540
2 $330,900-$439,900
3 5 Sold		1 $438,000
2 $393,000-$492,500
3 9 Sold		1 $484,611
2 $446,000-$512,000
3 9 Sold		1 $524,033
2 $442,500-$715,000
3 6 Sold		1 $572.083
2 $470,000-$644,000
3 9 Sold		1 $559.143
2 $440,000-$614,500
3 7 Sold		1 $582.176
2 $530,000-$655,000
3 6 Sold
Westbury

3 Bedroom
1962 Sq. Ft.
4 Level		1 $479,425
2 $322,700-$637,000
3 4 Sold
1 $528,000
2 $319,000-$635,000
3 3 Sold
1 $444,600
2 $340,000-$610,000
3 5 Sold		1 $479,125
2 $400,000-$661,000
3 4 Sold		1 $415,000
2 $415,000-$415,000
3 1 Sold		1 $468,250
2 $405,000-$499,000
3 4 Sold		1 $533,000
2 $425,000-$589,000
3 3 Sold
1 $682,600
2 $565,000-$895,000
3 5 Sold
1 $715.822
2 $611,644-$820,000
3 2 Sold		1 $632.500
2 $620,000-$645,000
3 2 Sold
Mill Valley

3 Bedroom
1994 Sq. Ft.
4 Level		1 $341,500
2 $335,000-$348,000
3 2 Sold
1 $410,000
2 $410,000-$410,000
3 1 Sold
1 $374,038
2 $325,000-$409,150
3 4 Sold		1 $392,867
2 $368,600-$420,000
3 3 Sold
1 0
2 0
3 0 Sold		1 $460,000
2 $460,000-$460,000
3 1 Sold		1 $500,075
2 $380,000-$605,000
3 4 Sold		1 0
2 0
3 0 Sold		1 $642.500
2 $550,000-$735,000
3 2 Sold		1 0
2 0
3 0 Sold
Huntington

4 Level
2074 Sq. Ft.
2 Story		1 $370,000
2 $370,000-$370,000
3 1 Sold
1 $417,333
2 $357,000-$490,000
3 6 Sold
1 $405,000
2 $405,000-$405,000
3 1 Sold		1 $537,750
2 $483,000-$592,000
3 4 Sold
1 $498,500
2 $445,000-$585,000
3 4 Sold		1 $651,725
2 $612,000-$714,900
3 4 Sold		1 $562,450
2 $493,350-$614,000
3 3 Sold		1 $556,500
2 $475,000-$653,500
3 4 Sold		1 $700.000
2 $675,000-$726,000
3 3 Sold		1 $673.000
2 $630,000-$705,000
3 5 Sold
Berkshire

4 Bedroom
2450 Sq. Ft.
Ranch		1 $341,250
2 $310,000-$372,500
3 2 Sold
1 $349,000
2 $325,000-$373,000
3 2 Sold
1 $445,500
2 $412,000-$497,500
3 3 Sold
1 $482,158
2 $378,975-$567,500
3 3 Sold		1 $500,410
2 $430,000-$549,000
3 5 Sold		1 $502,000
2 $468,500-$532,500
3 3 Sold		1 $539,933
2 $440,000-$679,900
3 3 Sold		1 $597,608
2 $549,900-$645,000
3 4 Sold		1 $596.383
2 $575,000-$620,000
3 3 Sold		1 $830.000
2 $670,000-$990,000
3 2 Sold
Middleton

3 Bedroom
2246 Sq. Ft.
2 Story		1 $444,540
2 $283,000-$545,000
3 5 Sold
1 $454,631
2 $355,000-$605,150
3 8 Sold
1 $475,013
2 $388,500-$568,000
3 4 Sold		1 $500,000
2 $495,000-$505,000
3 2 Sold		1 $574,643
2 $442,000-$705,000
3 7 Sold		1 $614,500
2 $590,000-$650,000
3 4 Sold		1 $676,241
2 $605,000-$713,722
3 3 Sold		1 $715,944
2 $565,000-$850,000
3 9 Sold		1 $739.833
2 $585,000-$835,000
3 3 Sold		1 $716.100
2 $670,500-$795,000
3 4 Sold
Barrytown

4 Bedroom
2151-2207 Sq. Ft.
2 Story		1 $388,805
2 $248,000-$485,000
3 5 Sold
1 $418,687
2 $352,000-$480,000
3 8 Sold
1 $453,725
2 $380,000-$487,000
3 4 Sold		1 $555,457
2 $413,000-$899,000
3 7 Sold		1 $560,000
2 $488,000-$639,500
3 5 Sold		1 $582,400
2 $490,000-$624,000
3 5 Sold		1 $596,714
2 $510,000-$650,000
3 7 Sold		1 $659,850
2 $616,000-$729,000
3 10 Sold		1 $627.500
2 $555,000-$660,000
3 4 Sold		1 $775.333
2 $665,000-$875,000
3 6 Sold
Middleton

4 Bedroom
2344 Sq. Ft.
2 Story		1 0
2 0
3 0 Sold
1 0
2 0
3 0 Sold
1 $486,800
2 $435,000-$550,000
3 5 Sold		1 $635,000
2 $635,000-$635,000
3 1 Sold		1 $612,500
2 $612,500-$612,500
3 1 Sold		1 $601,357
2 $490,000-$737,000
3 7 Sold		1 $642,463
2 $599,950-$680,000
3 4 Sold		1 $681,643
2 $590,000-$750,000
3 7 Sold		1 $710.875
2 $650,000-$805,000
3 8 Sold		1 $695.205
2 $665,000-$760,000
3 4 Sold
Livingston

4 Bedroom
2422-2441 Sq. Ft.
4 Level		1 $318,100
2 $318,100-$318,100
3 1 Sold
1 $500,100
2 $490,000-$515,300
3 3 Sold
1 $549,250
2 $441,000-$657,500
3 2 Sold
1 $575,000
2 $575,000-$575,000
3 1 Sold		1 $549,633
2 $499,900-$615,000
3 3 Sold		1 $614,083
2 $530,000-$664,500
3 6 Sold		1 $724,150
2 $633,000-$814,250
3 3 Sold		1 $0
2 0
3 0 Sold		1 $658.333
2 $615,000-$690,000
3 3 Sold		1 $768.675
2 $724,700-$830,000
3 4 Sold
Hamilton

4 Bedroom
2422-2460 Sq. Ft.
2 Story		1 $464,475
2 $316,000-$550,000
3 16 Sold
1 $490,359
2 $372,500-$570,000
3 16 Sold
1 $529,069
2 $400,000-$695,000
3 16 Sold		1 $562,654
2 $440,000-$645,000
3 13 Sold		1 $611,356
2 $440,000-$675,000
3 18 Sold		1 $632,883
2 $400,000-$720,250
3 15 Sold		1 $699,389
2 $586,000-$920,000
3 9 Sold		1 $692,393
2 $600,000-$875,000
3 14 Sold		1 $699.250
2 $602,500-$834,000
3 7 Sold		1 $822.327
2 $589,000-$1,315,000
3 15 Sold
Berkshire II

4 Bedroom
2800-2890 Sq. Ft.
Ranch		1 $410,000
2 $380,000-$425,000
3 3 Sold
1 $378,280
2 $309,000-$445,000
3 5 Sold
1 $335,000
2 $300,000-$370,000
3 2 Sold		1 $432,000
2 $371,000-$505,000
3 3 Sold		1 $509,000
2 $486,000-$532,000
3 2 Sold		1 $518,667
2 $486,000-$555,000
3 3 Sold		1 $573,317
2 $510,000-$610,000
3 3 Sold
1 $645,250
2 $599,000-$674,000
3 4 Sold
1 $615.000
2 $615,000-$615,000
3 1 Sold		1 $700.000
2 $700,000-$700,000
3 1 Sold
Benedict

5 Bedroom
2433-2490 Sq. Ft.
2 Story		1 $422,000
2 $414,000-$430,000
3 2 Sold
1 $487,167
2 $370,000-$569,000
3 3 Sold
1 $460,833
2 $400,000-$492,500
3 3 Sold		1 0
2 0
3 0 Sold		1 $616,000
2 $470,000-$749,000
3 4 Sold		1 $675,000
2 $675,000-$675,000
3 1 Sold		1 $706,667
2 $646,000-$749,000
3 3 Sold		1 $653,000
2 $653,000-$653,000
3 1 Sold		1 $749.750
2 $6790,500-$820,000
3 2 Sold		1 $834.951
2 $749,901-$920,000
3 2 Sold
Putnam

5 Bedroom
2552-2623 Sq. Ft.
2 Story		1 $495,900
2 $465,000-$515,000
3 4 Sold
1 $497,000
2 $429,000-$600,000
3 4 Sold
1 $527,300
2 $445,500-$590,000
3 5 Sold		1 $528,000
2 $528,000-$528,000
3 1 Sold		1 $577,167
2 $552,500-$620,000
3 3 Sold		1 $663,571
2 $595,000-$775,000
3 7 Sold		1 $643,480
2 $532,400-$690,000
3 5 Sold		1 $701,500
2 $690,000-$720,000
3 4 Sold		1 $737.567
2 $665,000-$825,000
3 6 Sold		1 $792.250
2 $705,000-$949,000
3 4 Sold
Manor House

4 Bedroom
2819-2950 Sq. Ft.
2 Story		1 $626,500
2 $626,500-$626,500
3 1 Sold
1 $590,000
2 $590,000-$590,000
3 1 Sold
1 $714,500
2 $685,000-$735,000
3 3 Sold		1 $674,000
2 $585,000-$720,000
3 3 Sold		1 $680,000
2 $680,000-$680,000
3 1 Sold		1 0
2 0
3 0 Sold		1 $799,667
2 $789,000-$815,000
3 3 Sold		1 $989,120
2 $634,600-$1,355,000
3 5 Sold		1 $888.500
2 $785,000-$965,500
3 3 Sold		1 $1.020.000
2 $900,000-$1,175,000
3 3 Sold