Heather Ridge Metro District
Heather Ridge Metro District maps and features
Home Owner's Association
Heather Ridge Home Owners Associations communities.
Properties for Sales
Listings to Look At
19723 E Harvard Drive - $520,000
MLS #2246012
For questions,
call Pete or Van at 303-550-1362 or 303-877-9538
2790 S Wheeling Way - $495,000
MLS #2967238
For questions,
call Van at 303-550-1362 or Pete at 303-877-9538
2518 S Vaughn Way #B - $395,000
MLS #1808608
For questions,
call Pete or Van at 303-550-1362 or 303-877-9538
Heather Ridge and surrounding HOA Fees as of Dec 17, 2024
• Data derived from REColorado.com. Fees may be based on square footage. Verify before using data.
• Due to rising insurance costs OR insurance policy renewals not synchronized to match the start of budget years, annual budgets may be amended as needed.
• Fees usually change the first of each year in Heather Ridge community. Check for special assessments!
• Check if your HOA's general insurance is a 5% or 10% deductible. If greater than 5%, FNMA-Freddie Mac won't fund a mortgage in your community. Exceptions could exist based on individual HO-6 insurance coverage.
At this time of the year, December, many HOAs have their Annual Meetings about the next year's budget - 2025. All changes for monthly fees will be listed above as soon as they go into effect. Some HOAs have had to postpone their meetings due to scheduling problems or completed budgets pending insurance costs. There seems to be three options being discussed by HOA boards: No changes, increase by 10%, or increase by $100 each level of monthly fees.
Click Page Links Below to Find Out More!
Explore up-to-date reports on topics related to real estate, the economy, and HOA news .
The "Buzz-Talk" in Real Estate
Daily-Weekly Comment 12-21-2024
November's metro-Denver home sales reports by Aldo Svaldi and Sarah Hansen, see below, dated Dec 5 and 6 respectively, were no surprises for agents watching our home market - "home price gains reversed from October,...mortgage rates still stubbornly high (7% +/-) since September... and decreased closed home sales and those going under contract (called Pending)."
Click here Aldo Svaldi Year end review metro-Denver RE 12-22-2024
Click here Denver monthly RE report Aldo Svaldi dated 12-5-2024.
Clink here Real Estate News Sarah Hansen, Denver Post 12-6-2024
All this and more are the direct results of rising yield of 10-year Treasury sales that started last September out of fear by bond investors about national debt and deficit spending. See following link:
Click here 4 nerds like me WSJ Bond Markets charts dated 12-21-2024
The only good news is for sale inventory ended Nov. with 9,310 vs 10,900 homes at the end of Oct. (down 14.9%). The decline was strong influenced by expired or withdrawn listings than closed sales.
Another factoid was metro Denver real estate for September had the smallest annual gain of the top 20 major metro areas in the nation. Denver prices were up 0.2% vs 3.9% the others . The top cities were New York, Cleveland, and Chicago with the biggest gains at 7.5%, 7.1%, and 6.9% respectively. For October, Denver prices up 1% annually.
Heather Ridge owners looking to sell soon need to know what today's market is all about, what the future might be, and have a plan. In the past three months, Heather Ridge has had more homes for sale since the Great Recession (28 in October).
This is where you call Pete or Van for the right real estate advice. We've seen markets like this before and know what advice works...and doesn't. Experience counts, but we care more about your needs.
Monthly Comment 12-1-2024 -to- 1-1-2025
Pete and I have been seeing a slowing, non-responsive real estate market since September. However, some buyers are out there now taking advantage of this soft market. To induce buyer interest and sales, many sellers are offering (perhaps 'throwing' is a better description) concession dollars to buyers for their closings costs and/or interest-rate buydowns. In doing that, sellers' motivation is key to pricing and concessions.
Homes sales are definitely slower than six months ago. Also, showings and pending sales are down too. As said above, some buyers are taking advantage now, but the majority are waiting to see where real estate issues will go. In contrast to sellers, buyers seem to have no sense of urgency now.
Sellers are frustrated too - "Why no offers, let alone showings? Get this place sold!"
Sellers need to understand what buyers already know - this is not your post-Covid sellers' real estate market anymore. It's a buyers' market and how long is debatable. Sales are back to basics balancing "value vs. price."
Home values in slower markets must exceed asking prices to generate interests, let alone showings. Experienced agents know how to solve the real estate equation of "value vs price divided by market conditions" by offering the right amount of concessions, price, and value.
Pete and I are very good at solving equations.
By early September, mortgage rates had hit a low of 6.08% for 2024 just as the Fed started dropped theirs. Then, Trump and Harris started outbidding each other promising huge federal spending programs. That generated fears of too much future debt and inflation. Spooked, bond investors started commanding greater yields (including mortgage bonds) to offset inflation fears. 10-year Treasury sales strongly influence mortgage rates, so watch it to see where rates are heading.
The expectation for 2024 is to finish the real estate year pretty much as we are now...flat. Once 2025 arrives, investors should be able to see better where federal spending and inflation are heading. If perceived to be under control, then bond yields should fall with mortgages following. There also needs to be continuing good economic data but not too of it in areas such as job creations and employment - good news there tends to heighten inflation expectations.
Please stay tuned for more "Buzz-Talk" as we see, hear, and experience it.
Thanks, Van Lewis and Pete Traynor
IMPORTANT LINKS TO TWO METRO DENVER RESOURCES DMAR AND METRO MATTERS
Monthly DMAR reports
Denver Metro Association of Realtors organization (DMAR) reports monthly on real estate for metro-Denver area. These reports are the "mother-load" of info on real estate activity here.
