Here's a link that may be of help in answering your question: http://www.coloradohomes.com/property/propertydetailscommuni
That's a bit long, if it doesn't work just go to our website and pull up a listing in Green Vallery Ranch and then go to community. It will tell you things like how many homes are in the community, the grades the schools are getting, the medium household income, the medium age of residents, etc. We're supposed to have a nice weekend coming up again, it's always a great idea to take a walk around the neighborhood and talk to people who are out and about, tell them you're thinking of moving there and ask what they like and don't like. You may find people on citydata.com who can tell you more too.
Many of our Buyers are zeroing in on Green Valley Ranch. They have all been wanting about the same things, Under $200,000, 1500 Square Feet or more, 3 plus Bedrooms and newer homes with no or very little work. We Sold one couple their dream home back in November, they got a great deal on it. We currently have a Short Sale Pending Bank Approval for another couple and another couple who has made 5 offers on homes and even though we have explained to them that they need to be aggressive on their offers they are still getting outbid every time. What does that tell you? Multiple offers on every home that we have offered on. There's very few non short sale homes available in Green Valley right now. Low Supply and High Demand is driving prices up. Will it last after the tax credit ends? I sure don't know, but for those trying to get the tax credit it's the same story in all of the areas my current Buyers are shopping in around the Denver metro area.
One more thing about Green Valley, I can tell you that I have lots of friends living in Green Valley who like it a lot. Many years ago, I worked for the airlines and quite of lot of airline and airport employees live there and Reunion. Our Team knows the area well and would be happy to answer any other questions if you want to contact us.
Good Luck on your search,
The Kinslow Team
Coldwell Banker Residential Brokerage
Green Valley Ranch is one of the primary areas that I work. I actually lived in Green Valley Ranch from 2001 to 2008 in the Bradford Village community by the GVR Golf Course. I was out there yesterday showing homes for several hours. My wife and I loved the area and the home we lived in until we moved back to Park Hill 2 years ago.
Most of the homes are built by Oakwood Homes. The latest building projects there were from the mid 90's to the mid 2000's. We had our home build in 2001 and we moved in 3 weeks afte 9-11. During this period of time lenders were strongly encouraging the negative amortization loans with variable interest rates. So over the next several years many homes went into foreclosures and many were sold as short sales. 2 years ago there were dozens ov foreclosures and short sales, especially in the $100,000 to $200,000 price range.
Today there are just a few foreclosures or short sales available at any time in the area. When they do come on the market it is a matter of days (sometimes 1 or 2 days) before they go under contract. The homes in GVR are in such demand right now that prices that hit bottom are definitely on the rise now with such low supply.
I would highly recommend the area due to the size and quality of the homes for the price you pay. Oakwood homes motto is 'More House, Less Money' and that certainly is the case. If you would like to know more about the homes, values, trrends, and availablilities; don't hesitate to contact me. I have done extensive research in the area and can send you info by email and will be glad to take you on a tour of homes and the neighborhood. Some of the other great features of GVR are its diversity, the world class golf course, a pool, rec center, shopping, close to highways, a new K-12 school opening in 2010 and much more.
Robert McGuire, ASR
Your Castle Real Estate
3900 E. Mexico Ave. #1350
Denver CO 80210
It is true, the HOA is kind of a pain the ass but what HOA isn't?
With the new light rail being built and the area developing quickly you will easily see a huge return on your investment as our home has already increased drastically. Now is the time to buy in Green Valley Ranch - and if you're driving its only about a 30 minute drive anywhere, which anymore seems about standard no matter where you live in Denver.
Your intent and exit stategy are key here. If you plan to purchase, use as along term rental, and hold for many years... then great area. Or if you are buying the property for your own enjoyment as an owner/occupant. Property values have decreased so drastically in Green Valley Ranch that it will take an extended period of time (more than 5 years) to turn the property if you plan to fix and sell.
The answer depends on intent and strategy. Are you looking to buy or rent. Is it a long-term or a short-term investment. Let me know and I will be glad to help.
There are an inordinate number of short sales and foreclosures; mostly due to poor financial decisions by lenders and borrowers - especially first time buyers. What it amounts to is some great buying opportunities whether you're an investor or owner occupied purchaser. Not a good time to sell in the area but great for a buyer who'll keep the home for several years.
Metro Brokers - The Realty Werks
Green Valley Ranch does have many short sales...your friend is correct. It is an area that will take some time to recover from several years of a bad economy in addition to slower growth in the area than anticipated. "Buy and Hold" is the strategy that I feel works best for the average homeowner. It is a great location for easy access to the airport and downtown. Long term, it will porbably be a good investment and in the meantime a nice place to live.
Please call me tio discuss this area or others in Denver. Each Buyer ahs their own end goal. Best to determine that first then choose the area that meets that criteria.
Look forward to hearing from you
check out my website...
Keller Williams Realty Success