Hottest topics in Heather Ridge real estate
Updated as of 8-30-2025 with personalized real estate opinions and market information

 

Perspectives in Real Estate by Van and Pete

“The    worst    time    to    think    about    the    thing    you    are    going    to    say    is    in    the    moment    you    are    saying    it.”

This quote has been a part of me for decades as well as the Seven Essential P’s that I learned in the U.S. Marines in 1970 about planning and performance.

With those thoughts in mind, I start this month’s article by saying Pete and I come prepared when you invite one of us into your home. . . and your lives. We bring over 50 years each of experiences knowing each home sale is unique. We listen. We offer perspective. And we want to earn your trust. Please give us a call.

Today’s Market Talk 

Real estate is all about comparisons – features, location, condition. . . and stats. If you don’t like the stats, do you fire the messengers? I hope not, because Pete and I appreciate your business.

July’s metro Denver condo/townhomes median price was $390,000, down 6% from July 2024. The average price was $424,192, down 4% from last year. In contrast, July’s median single-family price stayed level at $650,000, and was down only 0.76% from July 2024.

Blame high HOA fees (insurance, Reserves) and other factors for condos losing ground to single-family homes. Not immune from the metro market, Heather Ridge has seen its median condo/townhome prices fall as well. As of August 16, 2025, there have been 48 closings this year vs. 42 last year. Yeah – six more is good!

However, as of August 16, 2025 our median closed price was $330,000 down $23,000 from the end of 2024 ($353,000), or 6%. And down $43,000, or 11% from 2022’s median sold price $373,000. Our price drops almost perfectly match metro Denver numbers, so the good news is we are keeping pace albeit in the wrong direction.

So, what can be done to stop the bleeding?

Knowledge and Perspective

Pete and I help sellers understand our real estate as it is, not as wanted. It’s more than numbers; it’s providing a perspective of what’s outside your front door. We talk about four principles used in selling a home – Value, Price, Market, and Motivation.

Value is what you get, and price is what you paid for it. Know your home’s value first defined by its condition, location, and features. That will lead you to a price given what the real estate market is doing or is not doing.

Ah, knowing the market. Everyone is an expert when the market is hot like during Covid. When sales become chilly, successful agents tell owners what works and what doesn’t to sell. Easy to say but hard to do.

Pete and I make sure a seller’s motivation is in line with the market. A seller’s motivation in selling is everything. Why, where, and when go directly to pricing, nurturing value, and dealing with market forces. You and your agent need to know why you are selling because it determines a starting price, time on market, and where you need to be down the road. 

Remember, “Please,    don’t    leave    home    without    us!” 

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