ken caryl ranch real estate market report for may 2014

MAY 2014KEN-CARYL RANCH RESIDENTIAL REAL ESTATE MARKET

REPORT

T H E T R A P P T E A MC H E R R Y C R E E K P R O P E R T I E S

B Y D A N T R A P P, C O L O R A D O L I C E N S E D B R O K E R A S S O C I A T E A N D R E A L T O R ®

VOLUME 1, ISSUE V

02

KEN-CARYL RANCH

P R E S E N T E D B Y : D A N T R A P P, C O L O R A D O L I C E N S E D B R O K E R A S S O C I A T E A N D R E A L T O R ®

C H E R R Y C R E E K P R O P E R T I E S , L L C

I N F O R M A T I O N D E E M E D R E L I A B L E B U T N O T G U A R A N T E E D . A L L D A T A P R E S E N T E D I N T H I S R E P O R T I S B A S E D O N I N F O R M A T I O N F R O M M E T R O L I S T ® , I N C . F O R T H E P E R I O D M A Y 1 , 2 0 1 4 T H R O U G H M A Y 3 1 , 2 0 1 4 .

N O T E : T H I S R E P R E S E N T A T I O N I S B A S E D I N W H O L E O R I N P A R T O N C O N T E N T S U P P L I E D B Y M E T R O L I S T ® , I N C . M E T R O L I S T ® , I N C . D O E S N O T G U A R A N T E E N O R I S I T I N A N Y W A Y R E S P O N S I B L E F O R I T S A C C U R A C Y . C O N T E N T M A I N T A I N E D B Y M E T R O L I S T ® , I N C . M A Y N O T R E F L E C T A L L R E A L E S T A T E A C T I V I T Y I N T H E M A R K E T .

D O Y O U R O W N D U E D I L I G E N C E . C O N T A C T T H E A P P R O P R I A T E P R O F E S S I O N A L S F O R Y O U R S P E C I F I C S I T U A T I O N B E F O R E M A K I N G A N Y F I N I N C I A L D E C I S I O N , D O N O T R E L Y S O L E L Y O N T H I S R E P O R T . W H I L E W E H A V E G O N E T O G R E A T L E N G T H S T O E N S U R E P R O P E R E N T R Y O F D A T A , D A T A E N T R Y E R R O R S D O H A P P E N A N D Y O U N E E D T O B E A W A R E O F T H A T .

Real Estate Market ReportDetached Single Family Homes

(excludes Townhomes and Condos)

03

NUMBER OF SALES APRIL 2014 - KEN CARYL RANCH

COPYRIGHT 2014 ALL RIGHTS RESERVED

There were 18 sales of detached single family homes in Ken-Caryl Ranch in May 2014. As the summer approaches, typically we will begin to see more sales.

DAN TRAPP, BROKER ASSOCIATE AND REALTOR ®. | THE TRAPP TEAM WITH CHERRY CREEK PROPERTIES, LLCDIRECT: (720) 295-1308 | EMAIL: [email protected] | WEB: COLORADOHOMECO.COM

http://coloradohomeco.com/?utm_source=kencarylranch&utm_medium=pdf&utm_campaign=kencarylranchreport

04

ACTIVE LISTINGS APRIL 2014 - KEN CARYL RANCH

There were 22 active listings of detached single family homes in Ken-Caryl Ranch in May 2014.




05

NEW LISTINGS VERSUS SOLD LISTINGS APRIL 2014- KEN CARYL RANCH

There are still more new listings coming on the market than are being sold as some sellers are taking advantage of where the Ken-Caryl Ranch market is currently. There were 24 new listings and the 18 sold listings in May 2014.




06

MONTHS OF INVENTORY APRIL 2014 - KEN CARYL RANCH

This graph shows the months of inventory in the market (rounded to the nearest month). For the overall Ken-Caryl Ranch detached single family market, there was about 1 month of overall inventory for the May 2014.




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AVERAGE AND MEDIAN SALES PRICES BY MONTH 2014 - KEN CARYL RANCH

The average sales price of a single family detached home in Ken-Caryl Ranch in May 2014 was $521,056 and the median sales price was $469,000. The median sales price is lower because the way the average is calculated makes it more prone to upper end sales skewing the average upward.




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SALES AND INVENTORY LEVELS BY PRICE BAND - KEN CARYL RANCH

Overall we would classify the Ken-Caryl Ranch market as being an Extreme Seller‘s Market with overall slightly more than 1 month of inventory for May 2014.




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6 MONTH PAST SALES TRENDS - KEN-CARYL RANCH

This presents sales with average sales prices over the last 6 months. Information deemed reliable but not guaranteed. all data presented in this report is based on information from Metrolist®, Inc. for the period December 1, 2013 through May 31, 2014. Note: 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.




10

MEDIAN CUMULATIVE DAYS ON MARKET - KEN CARYL RANCH

For May 2014 in Ken-Caryl Ranch, the median cumulative days on market for detached single family homes was 16 days. Translation - well marketed homes should sell within this time frame. This is a snapshot of the overall market; as you move into the higher end Ken-Caryl Ranch homes, the days on market goes slightly up by about 2 weeks additional.




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BRIEF BIOGRAPHY

DAN TRAPP

Dan Trapp is a Colorado Licensed Broker Associate Realtor ® and is the leader of the Trapp Team with Cherry Creek Properties, LLC. Dan holds an Engineering degree from the prestigious Colorado School of Mines and has years of experience in real estate including appraising, investment, development, and buyer-seller transactions. Dan has been involved in the construction management of a large scale ($200 Million+) real estate development in the Colorado mountains and briefly designed/built high voltage substations. The mindset of an engineer, an achiever and determination to succeed above any circumstance are things that are ingrained in Dan. He is fact driven, and results oriented. Dan is very much technologically savvy and has a deep understanding of Internet marketing as he successfully ran a large scale company which marketed predominantly on the Internet. Dan first started in real estate almost 10 years ago by buying properties, renovating them and then re-selling them. Realizing that real estate was a passion, Dan began as a real estate appraiser and broker along the Colorado front range. Dan believes that a leader is a servant first and loves serving people through real estate and in the Colorado community. Dan is an Eagle Scout from Boy Scouts of America and has been married for almost 10 years. He is an avid runner, outdoorsman and enjoys spending time with his family.

COPYRIGHT 2014 ALL RIGHTS RESERVEDDAN TRAPP, BROKER ASSOCIATE AND REALTOR ®. | THE TRAPP TEAM WITH CHERRY CREEK PROPERTIES, LLCDIRECT: (720) 295-1308 | EMAIL: [email protected] | WEB: COLORADOHOMECO.COM


THANK YOU FOR TAKING TIME TO REVIEW OUR MARKET REPORT.

The Trapp Team’s mission is to provide world class service by applying our proven systems, time, knowledge, and negotiating skills to maximize your interests. We make selling your property

our first priority and it is our honor to serve you.

If there is anything we can help you with, feel freedom to contact us. We are here to serve you.

COPYRIGHT 2014 DKT AND ASSOCIATES, LLCDEUS EST REGIT QUI OMNIA

DAN TRAPP COLORADO LICENSED BROKER ASSOCIATE,

REALTOR ® CHERRY CREEK PROPERTIES

5655 S YOSEMITE STREET SUITE 109GREENWOOD VILLAGE, CO 80111

DIRECT: (720) 295-1308

[email protected]

WEB: COLORADOHOMECO.COM
