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Denver Real Estate Today

From the Trenches of Denver Area Real Estate

By Brian Burke -Kenna Real Estate | Agent in 80129

Highlands Ranch CO Foreclosures 2009 Part 2

Highlands Ranch Foreclosures Part 2

Highlands Ranch foreclosures of bank owned and HUD owned detached residential homes in Highlands Ranch in 2009.

This is part 2 of 6 of Foreclosures in Highlands Ranch in 2009 including price per square foot, days on the market, original listing price vs. sold price, pricing strategies for bank owned homes and comparison to typical resale homes.

Foreclosures in Highlands Ranch ~ Reference Table

Number of Bank Owned Homes Sold 81
Average days on market
36
Average price per square foot $131
% of original list price vs. net sold price   94.9%


Highlands Ranch Foreclosures ~ Price per Square Foot

Sold Foreclosures price per square foot ranged from $93 (a fixer upper) to $200 for a luxury home in a gated community. The average price per square foot in Highlands Ranch is typically between $150 and $160/sf. The average price per square foot of the bank owned homes in 2009 was $131/sq. ft. 

Highlands Ranch Foreclosures graph price per sf


About 10% of the bank owned homes sold for $150 or more per square foot. Most of these homes were ranch style homes, which in a regular resale sell on average between $180 - $190/ sq. ft.

Majority of the homes with the lowest prices per square foot needed work, some paint and carpet, some much more than that.

Two homes with the highest price per square foot were also the same and only two that sold for over $600,000 in 2009. One of them was located in the Highwoods gated community and the other in the Highlands Ranch Golf Club.


Highlands Ranch Foreclosures Part 1

Highlands Ranch Homes for Sale


This Market Report is brought to you by Rita Burke, Kenna Real Estate. The report is for detached residential single family homes only and may not include all sales activity in the area. Figures for sold prices used are NET sold price, price after seller concessions or down payment assistance, if they were offered.  This report or any part of it may not be used without permission from Rita Burke.

*Disclaimer: Data based on information from Metrolist, Inc. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area. Disclaimer: Kenna Real Estate does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Copyright 2010.© Kenna Real Estate. Rita Burke. All Rights Reserved. "Highlands Ranch Foreclosures Part 2"

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