Tag Archives: ranch reserve

The Ranch Neighborhood Featured in “City Edition”

The City of Westminster publishes a small local newspaper every other month for the residents of Westminster.  The paper is called City Edition.  It is free, and citizens can subscribe to either a print version or an online version of the paper here: http://www.ci.westminster.co.us/News/CityEdition.aspx .

In the Dec 2012-Jan 2012 edition, the beauty of the homes, open spaces, Ranch Park, ponds & lakes, and beautiful vistas available in The Ranch and Ranch Reserve subdivisions was highlighted in a full-page “Featured Walk” article.  These subdivisions, as well as the open spaces, etc sit on a total of over 550 acres.  The subdivisions called The Ranch and Ranch Reserve contain homes built as early as the late seventies and as recently as the 2000’s.  As you may already know, these neighborhoods surround The Ranch Country Club, the only private country club in Denver’s  north metro area.  The Featured Walk article includes many opportunities to enjoy the views of the golf course and gives the reader/walker a nice bit of history about The Ranch development as well.

The article takes the reader on a nearly step-by-step, round-trip journey through the streets and  paths around the neighborhood.  The adventure starts and ends at 118th Ave & Zuni St.  The journey is approximately 3.66 miles of hilly terrain.  If you are not up for that level of physical activity, you may want to take the hike in segments.

I have driven or ridden my bike through many parts of the trip described in the article and it does not exaggerate the beauty of the views and some of the spectacular homes in The Ranch and Ranch Reserve.  After reading the article, I am looking forward to exploring the parts of the journey that I have not yet seen.

If you are interested in learning more about The Ranch and Ranch Reserve, or in taking a tour through these neighborhood, you can check out the article, on page 12, at:  http://www.ci.westminster.co.us/Portals/0/Repository/Documents/News/CEDec12Jan13FINAL.pdf.  

And, of course, if you would like to buy or sell a home in either of these beautiful neighborhoods, please contact me using the form below!

The Ranch Reserve- Home Sales Activity for November 2012

This is the November 2012 snapshot of the homes sales activity in The Ranch Reserve Neighborhood.

The Status Categories are as follows:  A= Active, A/B= Active, taking backup offers, S= Sold, W= Withdrawn from the market, X= Expired listing.

 

Residential-Detached Listings

Price

Status

SqFt

Style

Beds

Address

Office

$505,000

A

3887

2 Story

6

11403 DECATUR Ct

NEW06

$515,000

S

5561

2 Story

4

11265 Clay Ct

0RLCP

$555,000

S

3773

1 Story/Ranch

4

11278 DECATUR Cir

MBN82

$674,900

A

5017

2 Story

4

2598 W 115th Dr

0KWPR

$695,000

A

5026

2 Story

5

2593 Country Club Ct

FRON

$1,099,500

A

5571

2 Story

6

11235 Clay Ct

AFPB

$1,395,000

A

7198

2 Story

5

2788 W 115th Dr

0CRSS

$1,749,000

W

8274

2 Story

6

2441 RANCH RESERVE Rdg

CBR01

$2,490,000

A

8492

1 Story/Ranch

4

2391 Ranch Reserve Rdg

LLEG

Total Number of Residential-Detached Listings: 9

Residential- Attached Listings

Price

Status

SqFt

Style

Beds

Address

Office

$167,000

X

1317

1 Story/Ranch

2

2899 W 119TH Ave 202

USPRO

$175,000

A

1317

1 Story/Ranch

2

2891 W 119th Ave 203

RMME

$179,000

A / B

2317

1 1/2 Story

2

11557 DECATUR St 8B

00512

$179,900

A

1838

2 Story

2

2364 RANCH Dr

MBJ8L

$189,800

A

1390

1 Story/Ranch

3

2971 W 119TH Ave 101

REM36

$189,900

A

1396

1 Story/Ranch

2

2883 W 119th Ave 12-201

0RITZ

$229,900

A / B

2550

1 Story/Ranch

4

2845 W 119th Ave 102

2HOME

$230,000

A

2178

2 Story

3

2367 W RANCH Dr

MBP4A

$234,888

A / B

2614

1 Story/Ranch

2

2378 RANCH Dr

HET77

Total Number of Attached Dwelling Listings: 9

Prepared By: Joan Bagwell – Dec 12, 2012 10:27:25 AM

Information deemed reliable but not guaranteed. Some properties may be listed by other offices.  Source: IRES, LLC

Please feel free to contact me with any questions you may have about the real estate market or your home’s value.

Market Activity for the Ranch Reserve, October 2012

Here is the Market Activity for the Ranch Reserve for October 2012:

 Attached Dwelling Listings

Type Price Status SqFt Style Beds Address Office
ATD $154,500 S 1492 1 Story/Ranch 3 2897 W 119TH Ave 204 CASTL
ATD $175,000 A 1317 1 Story/Ranch 2 2891 W 119th Ave 203 RMME
ATD $179,900 A 1838 2 Story 2 2364 RANCH Dr MBJ8L
ATD $179,900 A 1838 2 Story 2 2364 RANCH Dr MBJ8L
ATD $183,900 A 2317 1 1/2 Story 2 11557 DECATUR St 8B 00512
ATD $189,800 A 1390 1 Story/Ranch 3 2971 W 119TH Ave 101 REM36
ATD $189,900 X 1492 1 Story/Ranch 3 2891 W 119TH Ave 201 RMW10
ATD $189,900 A 1396 1 Story/Ranch 2 2883 W 119th Ave 12-201 0RITZ
ATD $229,900 A / B 2550 1 Story/Ranch 4 2845 W 119th Ave 102 2HOME
ATD $230,000 A 2178 2 Story 3 2367 W RANCH Dr MBP4A
ATD $234,888 A / B 2614 1 Story/Ranch 2 2378 RANCH Dr HET77
Total Number of Attached Dwelling Listings: 11

Residential-Detached Listings

Type Price Status SqFt Style Beds Address Office
RES $505,000 A 3887 2 Story 6 11403 DECATUR Ct NEW06
RES $539,900 A / B 5561 2 Story 4 11265 CLAY Ct 01331
RES $539,900 P 5561 2 Story 4 11265 Clay Ct 0RLCP
RES $569,900 A / B 3773 1 Story/Ranch 4 11278 DECATUR Cir MBN82
RES $595,000 S 4830 1 Story/Ranch 4 11207 DECATUR Cir MBRLT
RES $627,000 S 5991 2 Story 6 2951 W 114TH Ct 00181
RES $674,900 A 5017 2 Story 4 2598 W 115th Dr 0KWPR
RES $695,000 A 5026 2 Story 5 2593 Country Club Ct FRON
RES $695,000 W 5026 2 Story 5 2593 COUNTRY CLUB Ct CBR56
RES $1,099,500 A 5571 2 Story 6 11235 Clay Ct AFPB
RES $1,395,000 A 7198 2 Story 5 2788 W 115th Dr 0CRSS
RES $2,490,000 A 8492 1 Story/Ranch 4 2391 Ranch Reserve Rdg LLEG
Total Number of Residential-Detached Listings: 12

Total Listings Reported (All Types): 23

Prepared For: Ranch Reserve Activity, Oct 2012 – Prepared By: Joan Bagwell – Nov 16, 2012.  Information deemed reliable but not guaranteed. Some properties may be listed by other offices.  Source: IRES mls

Distress Sales in the Ranch & Ranch Reserve

Real Estate statistics for sales across the Denver Metro area indicate that the real estate market is improving.  Prices are up, inventory is down, and sales are closing much more quickly than a year or two ago.  This is all good news for sellers!  But since the “devil” is usually in the details, it might be a good idea to take a closer look at those numbers to get a better feel for the recovery of any specific neighborhoods.  For example:  The Ranch, and The Ranch Reserve.

How have we been affected by distressed sales in The Ranch and Ranch Reserve?  The charts below break out the types of sales that we are still seeing in these neighborhoods.  “Distress” sales, such as shortsales and Foreclosured properties (BANK/REO/HUD) can take a toll on the home values in a neighborhood, since these are usually sold “as-is” and, depending on the property’s condition, may be sold significantly below market value.  This has the effect of bringing down the property values in the surrounding area when used as a “comparable sale” in home appraisals.  In high foreclosure and high shortsale neighborhoods, values may stay depressed for a longer period of time than a neighborhood that has mostly “normal” types of sales.

So how does the Ranch and Ranch Reserve stack up?  In the past twelve months, in both neighborhoods, only about 65% of the homes were sold in what would be considered a normal sale by an individual (no banks involved, no corporate approvals, etc).  Of the homes currently on the market (active, pending, or under contract), the market looks better in both The Ranch and The Ranch Reserve.  About 82% (18 of 22), of homes in The Ranch and 92% (11 of 12) of the homes in the Ranch Reserve are normal sales.

That’s a good sign for these two neighborhoods- hopefully one that will continue!  In recent years, home values in The Ranch and Ranch Reserve were in decline by up to 10% per year.  In Filing 6, for example, homes backing to the golf course sold for around $400k-425k in 2004, but recent sales of these homes are now closer to $380k!  We still have a lot of ground to make up to get back to the “pre-crash” levels.  But things are improving, with less distress sales and more demand in the overall market.  That should keep property values moving in the right direction (up)!

SOLD (in the Past 12 months):  

Sale Type Ranch Ranch Reserve
Regular sale by individual 17 13
Short sale 0 1
Bank/REO/HUD 5 4
Corporate/Estate/Trust 4 2
Total 26 20

CURRENTLY ACTIVE, PENDING OR UNDER CONTRACT:

Sale Type Ranch Ranch Reserve
Regular Sale by Individual 18 11
Shortsale 1 0
Bank/REO/HUD 2 0
Corporate/Estate/Trust 1 1
Total 22 12

September Sale Activity: The Ranch, Ranch Reserve

Here are the homes that are currently on the market and sold in the month of September, 2012.  Of the 18 homes in this list, 4 are currently under contract, one sold in September, and 13 are still active on the market.

Prop Code Area Address City SqFt List Price Sold Price Listing Office
M1124033-RA NSW 11224 QUIVAS Loop Westminster 3,616 $299,900 MB SESSIONS
M1135186-RA NSW 2394 W 119TH Ave Westminster 2,158 $299,900 KAYLOR AND COMPANY INC
M1130774-RA NSW 11260 RARITAN St Westminster 2,213 $319,900 PUBLIC REALTY COMPANY
M1132457-RA NSW 2734 W 119TH Ave Westminster 2,513 $354,700 ERA HERMAN GROUP
M1092791-RA NSW 2666 W 119TH Ave Westminster 3,126 $399,999 KELLER WILLIAMS PREFERRED RLTY
M1135772-RA NSW 11840 BRYANT Cir Westminster 3,126 $500,000 KELLER WILLIAMS PREFERRED RLTY
M1136086-RA NSW 11615 QUIVAS Way Westminster 2,286 $524,500 COLDWELL BANKER RESIDENTIAL 56
M1129010-RA NSW 2256 COUNTRY CLUB Loop Westminster 3,535 $625,000 COLDWELL BANKER RESIDENTIAL 18
M1091319-RA NSW 1741 W 112TH Ave Westminster 3,218 $650,000 REAL LIVING CO REAL ESTATE
M1125408-RA NSW 11392 QUIVAS Way Westminster 2,628 $653,000 COLDWELL BANKER RESIDENTIAL 56
M1135319-RA NSW 2593 COUNTRY CLUB Ct Westminster 2,904 $695,000 COLDWELL BANKER RESIDENTIAL 56
M1110517-RA NSW 2441 RANCH RESERVE Rdg Westminster 5,367 $1,749,000 COLDWELL BANKER DEVONSHIRE
M1132798-RA NSW 2391 RANCH RESERVE Rdg Westminster 4,322 $2,490,000 FULLER SOTHEBY’S INT’L REALTY
M1133511-RU NSW 11257 QUIVAS Loop Westminster 2,104 $299,990 HIGHLAND REALTY & MANAG INC
M1125456-RU NSW 11402 QUIVAS Way Westminster 2,644 $329,900 KELLER WILLIAMS PREFERRED RLTY
M1101636-RU NSW 2774 W 119TH Ave Westminster 2,439 $379,900 ANDREW GLENN MUELLER
M1119688-RU NSW 2554 COUNTRY CLUB Ct Westminster 3,638 $750,000 RE/MAX ALLIANCE
M1100410-RS NSW 11218 QUIVAS Loop Westminster 2,249 $279,900 $270,000 K. O. REAL ESTATE
Total Properties: 18 Average: 3,004 $644,477
Courtesy of

JOAN BAGWELL A-LIST PROPERTIES
Phone: 720-201-3049
Office: 720-201-3049
Fax: 877-374-3967
Email: JOANBAGWELL@COMCAST.NET
Website: JOANBAGWELL.COM
©1998-2012 Metrolist, Inc. All rights reserved. All information is subject to change and should be independently verified. 10/15/12

Feel free to contact me, if you are interested in learning more about the current market in the Ranch, or have questions regarding your home’s value.