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Nancy Sammons
Colorado Dream Properties
12900 Stroh Ranch Place, Suite 125
Parker, CO 80134
Phone: (303)956-5292
Email: nsammons5292@gmail.com
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The Timbers Market Updates

August Market Report for The Timbers

Posted on August 16, 2019 - 05:56 AM by Nancy Sammons

The Timbers Market Updates

August 2019

Market Status: Stable

There are 24 active listings from $1,595,000-$740,000.

There are 6 homes under contract from $1,395,000- $699,000

6 homes sold $1,249,000-$865,000.

Average Days on the Market for the homes sold is 23 and for active homes, 54.

We have 4 months of inventory, which makes it a stable market.

Median comparable sales price rose from $995,000- $1,162,500.

Stats credit: from the Denver MLS

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Environmental Issues

When purchasing a piece of property, it is important to be aware of any environmental liabilities associated with it. For example, you should find out if there are any registered underground tanks within several miles of the property, known contaminated properties in the neighborhood, or property owners who have been fined by the government for failing to meet environmental safety standards.

Before, it took a costly site investigation to acquire this type of information, but now there are online environmental databases available at a fraction of the cost. Anyone can access reports on otherwise hard to detect environmental issues. With these databases, it is possible to obtain a list of hazards near a property, or spills and violations attributed to businesses nearby.

Some reputable databases include VISTA Information Systems, located in San Diego, California, which allows you to register and search the data bank for free, and E Data Resources, which is located in Southport, Connecticut. These services are all relatively inexpensive, but can provide you with priceless information that is useful before you make a purchase.

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