Denver Condos and Townhomes

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Redstone Ridge Condos: Latest Market Stats

This past week, our team listed, and sold, a gorgeous ground floor unit in the Redstone Ridge Condos neighborhood in less than a day. This rapid sale generated quite a few questions from our clients and some other interested residents in the neighborhood, so we wanted to post the latest market stats here.

For a complex this size (Redstone Ridge has over 300 units), there has been surprising few homes sold over the past 12 months. Some of this had to do with the slowdown in Denver area condos over the past few years. But now, as we start to see real, significant improvement in the market, we are seeing more owners with positive equity decide that now is the time to sell their condo.

Redston Ridge Sold Stats:

Count 22  
Avg Total DOM 68  
Median Total DOM 37  
 
YOC Oldest 2000
  Median 2002
  Newest 2003
 
  Original List Sold Net Sold
Average Price $143,722 $139,754 $138,320 $136,601
Median Price $141,900 $139,900 $139,900 $136,450
 
Avg Price/SqFt $119 $116 $115 $113
Avg Price/Fin SqFt $119 $116 $115 $113
Avg Price/Acre        
 
Avg Price/Avg List     98.97 % 97.74 %
Avg Price/Avg Orig     96.24 % 95.05 %
Median Price/Avg List     100.00 % 97.53 %
Median Price/Avg Orig     98.59 % 96.16 %
 
Lowest Price $104,900 $104,900 $109,900 $107,000
Highest Price $166,500 $166,500 $157,000 $156,000
High/Low Range $61,600 $61,600 $47,100 $49,000
Mode Price $139,000 $139,900 $118,900 $135,000
Volume Price $3,161,900 $3,074,600 $3,043,050 $3,005,227

 Based on information from Metrolist®, Inc. for the period March 2012 through March 2013Note: This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market.

 

For those not familiar with the complex, Redstone Ridge sits just north of C-470, east of Kipling. The neighborhood offers amazing views of the foothills, easy highway access and is minutes away from Chatfield State Park. With it's own private pool and clubhouse, this is one of the nicest complexes for Littleton condos under $150,000!

If you are interested in this area, it's neighboring complex Deer Creek Condos, or any of the available Littleton condos and townhomes on the market, call our team of experts at 303-726-1874.

1 commentBrian Petrelli • March 03 2013 08:46AM
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