Parker, Colorado is a suburb of Denver. It’s a little more rural and further from Downtown than many suburbs. Some folks are starting to call it an exburb because commute downtown can be an hour from some areas. But, I can commute from my home in Pradera to my Denver Tech Center Realtor office in less than a half hour.
Parker and the unincorporated area surrounding the city of Parker is a mixed bag. You will typical suburban subdivisions, horse properties, luxury neighborhoods like Pradera and The Timbers and even working farms and ranches.
Homes with a Parker mailing address are exhibiting a strong real estate market similar to the rest of the Denver Metro area. Year-to-date sales are up for 2013 (1,736) from 2012 (1,308) a whopping 32.7% and 57.2% over 2011 (1,104). With only 399 single family homes for sale and 289 homes under contract and waiting to close, the supply is limited while the demand remains high. This is reflected in a 98.9% average sold price to final list price ratio. In addition, the average sold price to initial list price ratio is a healthy 96.8%.
Sales price statistics exhibit similar upward growth. The 2013 average sales price is $364,861, an increase of $25,870 from 2012 ($338,991) and $28,678 during 2011 ($336,183). The median sales price for 2013 ($330,000) rose $27,941 over 2012 ($302,059) and $40,000 in 2011 ($290,000). Parker has reached an average price per square foot of $162.00 for all models combined. Total sales volume for the year through September 30, 2013 is $633,398.696
The dynamics of the real estate market for Castle Rock is very similar except for the upper price range. The upper range for Castle Rock is dwarfed by activity in Castle Pines Village. With 101 upper-end homes available for purchase and 18 pending sales, Castle Pines Village dominates and skews the upper price range statistics for the west half of Douglas County.
Douglas County includes both Parker and Castle Pines Village and remains an exceptionally strong market with numerous new-home subdivisions coming on line. Competitively priced homes in all price ranges are selling quickly. Homes in exceptional condition and/or with a superior location are still selling in a matter of days.
Contact Dotson, our Parker Realtor, to discuss any aspect of life in Parker, Pradera, The Timbers. Use the quick form below to ask any question you like.