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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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Underground Heating Oil Tanks

Underground heating oil tanks can pose many potential problems to both home buyers and sellers. They have been the source of many environmental problems such as contamination of surrounding soil and ground water.

Leaks are generally caused by the rust inside underground tanks or by an electrical condition sparked by electric utility lines.

Buyers should always have the tank inspected to make sure that it is structurally sound. Buyers who do not want an underground fuel tank can arrange for an above ground tank to be installed in the basement and the underground tank to be shut off. Cleanup of any leaks will also have to be taken care of.

For buyers, the underground heating oil tank should be written in the sales contract. For sellers, your lawyer should make sure that the description and condition of the underground heating oil tank is accurate and up-to-date.

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