Denver Metro latest statistics generally show an up word trend with the exception of # of sold homes and DOM compared to 2015. The drop in homes sold in December could possibly due to the slight increase in interest rates.
Median prices are up 11% which is a healthy gain but reflects the overall shortage of homes available for sale. Even with Central Park Town Center and Sterling Ranch coming online this Spring and Summer and all the other new building going experts still predict it will be several years before demand for new homes can be met.
Sterling Ranch is starting to take shape, I drove by there today and as you can see from the pictures it looks like the roads are in!
I talked with several of the builders and with the exception of Richmond Homes most of them are planning on opening their models this spring or summer. Richmond on the other hand is already selling lots, Floor Plans and Pricing are available.
Parkwood Homes plans to open a model home in Sterling Ranch in early 2017. If you just can’t wait that long you can see the Asheville model in Stapleton and check out their website to get a feel for the homes they are going to build. Pricing is expected to range from the $600s to the $900. Initial lots will be limited so to keep updated make sure you Like their Facebook page.