Michael Borsic - Real Estate Roundhouse 720-979-5221
Michael Borsic Newsletter | October 11, 2019
30403 Upper Bear Creek Road
Evergreen, CO
$3,900,000
Beds 4 | Baths 3/3

A rare, opportunity to own a historic landmark. On 2.2 acres, this coveted Upper Bear Creek...

Featured Home for the Week of 10/11                      Listing courtesy of West And Main Homes Inc

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Highlighted Evergreen Homes on the Market

4260 S Meadow Brook Ln, Evergreen, CO
$1,150,000
Listing courtesy of Berkshire Hathaway HomeServices Elevated Living           

A property such as this does not come available very often! A beautiful setting right in the heart of Upper Bear Creek Canyon, this stunning home offers it all. Sit outside by the gas fire pit and take in the quiet nature that surrounds you. Step inside and you will be overwhelmed by the quality of care taken of this warm and welcoming home. This wonderful home offers expansive windows which take in views from all sides, and a master suite that makes you feel like you are staying at a five-star resort! Other features include hardwood floors, hot water heat, stone fireplaces, vaulted ceilings, composite decking, flagstone patios, granite counters, a bonus room, a barn, a workout room, and a wet bar. Snow-capped views. We could go on, but you really must plan on visiting this fabulous home very soon. Parking cover and containers are included with the property.

Call Michael Borsic for showing: 720-979-5221

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3732 Summit Ln, Evergreen, CO                                                                                                                                   $860,000  Listing courtesy of colorado Is Home Real Estate Group

Welcome Home! Incredible location and opportunity in highly sought after Hiwan Hills! Summit Lane offers an incredible mountain contemporary floor plan that's flowing and functional! Capture incredible views from almost every room! The kitchen features tile granite counters with stainless appliances, an eat-in breakfast area and is perfect for entertaining! The master bedroom is a true rarity in Hiwan Hills, it is spacious and modern and features a huge and wonderfully remodeled 5 piece master bath with a massive walk-in master closet. The lower level is a true walk-out with plenty of usable space, a 4th conforming bedroom and a remodeled bath with a steam shower! The outdoor space is functional and inviting with plenty of deck space and patio areas - plus the playset stays with the home! Summit Lane's location just can't be beaten - minutes from shopping and dining with easy commutes!

Call Michael Borsic for showing: 720-979-5221

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Evergreen Market Report (YTD)

In Evergreen, CO median sold prices YTD has shown a trend of price appreciation leveling off with Median Sold Prices increasing 1% YTD. 

There is a meaningful shift in the market as buyers and sellers are finding equilibrium because of the increase in inventory. 

Percent of Sold Price to List Price for 2019 is 98.4% YTD. This is down slightly from 2018 when sellers were receiving 99.3% of their list price. 

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Active Listings are rising and the change in trend is apparent. From January 2016 to February 2019 Evergreen has seen its supply of homes on the market steady decline month after month.

The change of trend, and increase of housing inventory, as shown in this chart, occurred in March 2019 and has steadily increased throughout 2019.  

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The above chart depicting Months of Supply, and the Active Listings chart, almost look identical. Both charts point to a shift in the market and a change in trend.

Real Estate reacts to market forces, which are driven by supply and demand. Currently, supply is increasing while demand is slightly down. The market is becoming balanced between buyers and sellers.

  • Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. 

Call Michael Borsic : 720-979-5221

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Increase your odds of closing

  • Have your home pre-inspected prior to listing it for sale. 
  • Have the buyers provide proof of funds or a lending letter of preapproval.

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Price/ Sq Ft Per City

City AVG. Price Per Sq Ft    Trend  
Evergreen                                            $246 ↑+4
Conifer                                    $234 ⇣-1
Golden                                    $233  ↑+1 
Lakewood                                    $219 ↑+1
Littleton                                  $203
Denver $288



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Evergreen home price per square foot continues its upward trend in September of 2019, avaraging $246. If the trend of increasing home inventory continues, it will be interesting to see how the market reacts.

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For questions, inquiries, showings and listings, call:

Michael Borsic

(720) 979-5221

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Evergreen, Colorado
Come to this mountain enclave for the outdoor recreation, but stay for the friendly community vibe.


As the Colorado Tourism Office will happily tell you, you don’t have to go far to feel far away on the Front Range. Case in point: Evergreen. The town boasts a vast trail network, a pristine lake, and a thriving arts scene (catch the Evergreen Fine Arts Festival from August 26 to 27). The best part? It’s all just 45 minutes from Denver.


Go Chasing Waterfalls

There’s a number of reasons why the Maxwell Falls Lower Trail in Arapaho National Forest has become one of the more popular hikes in the Denver area. For starters, the family-friendly 4.2-mile trek loops through inviting pine forests and over pleasant creek crossings. The most exciting features, however, are the picturesque falls, which you’ll encounter about 1.7 miles in.

Caffeinate Like a Local

Start your day at Evergreen’s community coffeeshop, the Muddy Buck. While ordering a Guatemalan or Indian blend—sourced globally and hand-roasted in-house—ask your barista about the charred rock walls and wood beams dating back to the building’s former life as the Evergreen Hotel, founded in 1896. (The place has been a magnet for fires over the decades.) Return by night for a cocktail or craft beer during one of the cafe’s free Friday live shows, such as the August 11 performance by Americana artist (and obscenely talented Broomfield 11-year-old) Emelise Muñoz.

 

Break for Beers (and Lunch, too)

Salt & Meat, a specialty butcher shop opening this month in Evergreen’s historic downtown, will serve innovative deli sandwiches, including a pastrami Reuben topped with Brussels sprouts kraut. (If you’d prefer to dine al fresco, order a picnic basket stuffed with sandwiches, pasta salad, and other sides.) A few doors over, Revival Brews stocks a rotating menu of 12 craft beers, and just a little farther down the road, Lariat Lodge Brewing Co. makes its own suds. The eponymous IPA is especially tasty.

Shred the Parks

What goes up must come down. That’ll be your mantra as you and your mountain bike tackle an intermediate 13-mile loop that begins in Alderfer/Three Sisters Park, runs through Dedisse Park, and summits scenic Evergreen Mountain, climbing a total of 1,973 feet. The route provides satisfying terrain for all rider levels, from flowy downhills for beginners to rocky technical sections for more seasoned weekend warriors. Tip: Start early to descend without having to dodge the hiking crowds.

Live the Lake Life

After a taxing day on the trails, relax by the tranquil waters of Evergreen Lake. Rent a paddleboard from Evergreen Parks & Recreation or catch a free concert on the Evergreen Lake House grounds (held every other Wednesday evening through August). Denver’s crowd-pleasing Tunisia—and covers of everything from Earth, Wind & Fire to Katy Perry—closed out the series’ 20th anniversary season on August 30.

Come to this mountain enclave for the outdoor recreation, but stay for the friendly community vibe. 

 

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You're the driver of this report. Send me an email at Coloradohighliving@gmail.com and let me know what you would like to see next week

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For questions, inquiries, showings and listings, call:

Michael Borsic

(720) 979-5221

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The Roundhouse Roundup

                  

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Michael Borsic
Broker Associate


31955 Castle Court
Evergreen, CO united states  80439

Michael.Borsic@Sothebysrealty.com.deactivated

720-979-5221

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