Evergreen Colorado Real Estate Market Update: August 2024
Evergreen Colorado Real Estate Market Update:
As we move through August 2024, the real estate market in Evergreen, Colorado, continues to display a unique blend of stability and opportunity. Known for its stunning mountain views, proximity to Denver, and strong community atmosphere, Evergreen remains one of Colorado’s most desirable locations. For those looking to navigate this dynamic market, Orson Hill Realty in Evergreen, CO is your trusted partner. In this article, we’ll explore the current trends, pricing, and key factors shaping the Evergreen real estate market this month, with insights from the experts at Orson Hill Realty.
1. Market Overview for August 2024
The Evergreen real estate market has seen steady activity throughout 2024. August is no exception, with a consistent demand for homes driven by both local and out-of-state buyers. The area’s natural beauty, combined with its convenient location, continues to attract anyone seeking a quieter lifestyle without sacrificing access to city amenities. Orson Hill Realty in Evergreen, CO has observed that inventory levels remain moderate, with a good mix of properties available, from cozy mountain cabins to luxurious estates.
- Inventory Levels: As of August 2024, inventory levels in Evergreen remain moderate. According to Orson Hill Realty, there is a good mix of properties available, from cozy mountain cabins to luxurious estates. However, like many desirable areas, the supply of homes is not keeping up with demand, leading to competitive bidding in some cases.
- Buyer Demographics: The buyer demographic in Evergreen remains diverse, with interest from anyone. The influx of remote workers, a trend that began during the pandemic, continues to influence the market as more people seek homes in scenic, tranquil environments. Orson Hill Realty has noted a growing interest from out-of-state buyers looking to relocate to Evergreen for its natural beauty and strong community.
2. Home Prices in Evergreen
Home prices in Evergreen have continued their upward trend, reflecting the high demand for properties in this picturesque mountain town. However, the pace of price increases has slightly slowed compared to previous years, offering some relief to buyers. Orson Hill Realty in Evergreen, CO has been closely monitoring these changes to provide accurate guidance to both buyers and sellers.
- Average Home Prices: As of August 2024, the average home price in Evergreen is approximately $950,000. This represents a 3% increase from the same time last year. Orson Hill Realty points out that while prices are still rising, the market is cooling slightly, which could benefit buyers looking for more opportunities.
- Price Per Square Foot: The average price per square foot in Evergreen is around $425. This metric varies depending on the specific neighborhood and the type of property, with luxury homes and properties with extensive land commanding higher prices. Orson Hill Realty advises potential buyers to consider these factors when evaluating property values in the area.
3. Neighborhood Spotlights
Evergreen offers a variety of neighborhoods, each with its unique appeal. Here are a few that continue to be in high demand, as highlighted by Orson Hill Realty in Evergreen, CO:
- Hiwan Hills: Known for its historic charm and larger lot sizes, Hiwan Hills remains a favorite among buyers looking for a blend of history and modern convenience. The average home price here is about $1,100,000, according to Orson Hill Realty.
- Bergen Park: This neighborhood is popular with buyers due to its proximity to everything, parks, and shopping. Home prices in Bergen Park average around $1,050,000, making it a slightly more affordable option compared to Hiwan Hills. Orson Hill Realty often recommends this area to people seeking a balanced lifestyle.
- Soda Creek: For those seeking luxury and privacy, Soda Creek offers sprawling estates with expansive mountain views. The average home price in this area is $1,200,000, reflecting its premium market status. Orson Hill Realty highlights Soda Creek as an ideal location for those looking for high-end properties.
4. Trends to Watch
Several trends are influencing the Evergreen real estate market this August, as observed by Orson Hill Realty:
- Remote Work Influence: The ongoing trend of remote work continues to attract buyers to Evergreen. With more people able to work from home, the demand for properties in scenic, tranquil areas like Evergreen has remained strong. Orson Hill Realty in Evergreen, CO has seen an uptick in inquiries from remote workers looking to relocate.
- Sustainability and Green Homes: There is a growing interest in homes that offer energy efficiency and sustainability. Many buyers are seeking properties with solar panels, energy-efficient appliances, and sustainable building materials. Orson Hill Realty is aware of this trend and offers guidance on finding homes that meet these criteria.
- Luxury Market Stability: The luxury market in Evergreen remains stable, with high-end homes continuing to attract affluent buyers. Properties with extensive land, privacy, and modern amenities are particularly sought after. Orson Hill Realty specializes in the luxury market and can assist buyers in finding the perfect high-end property.
5. Home Prices by Neighborhood (August 2024)
Here’s a visual representation of the average home prices in some of the key neighborhoods in Evergreen:
Example Chart:
| Neighborhood | Average Price | Distance to Denver |
|---|---|---|
| Evergreen | $950,000 | 30 miles |
| Hiwan Hills | $1,100,000 | 28 miles |
| Bergen Park | $1,050,000 | 32 miles |
| Soda Creek | $1,200,000 | 35 miles |
This table and corresponding chart help potential buyers quickly compare average home prices and their proximity to Denver, which are critical factors in their decision-making process. Orson Hill Realty provides detailed insights into these neighborhoods, ensuring clients make informed decisions.
Evergreen Colorado real estate market in August 2024:
The Evergreen Colorado real estate market in August 2024 offers both challenges and opportunities for buyers and sellers. With its scenic beauty, strong community, and proximity to Denver, Evergreen continues to be a highly desirable location. Whether you’re looking to buy or sell, Orson Hill Realty in Evergreen, CO is here to guide you through the process. Their deep understanding of the local market and commitment to client satisfaction make them the ideal partner for all your real estate needs.
This article provides an overview of the current state of the Evergreen Colorado real estate market, offering valuable insights for anyone interested in buying or selling property in this picturesque mountain town. For personalized assistance, reach out to Orson Hill Realty to ensure a successful real estate experience.
Orson Hill Realty
It's Nice to Share
Comment, Write a Blog Post, Create Groups, Get Seen!
Comments, Opinions and Facts Go Here...👇