Red Rocks Rocks Real Estate Market Trends for Fall

I am constantly tracking the inventory at Red Rocks Ranch, and one of the trends I wanted to share with you is that Red Rocks Ranch is currently experiencing a demand for price reduction. Currently there are nineteen active listings on the market; Eighteen of those are builder owned and there is one resale out of the 19 listings.  Ten of those Listings have had price reductions, which is typical when the marketplace has diminished buyer demand. The Buyer community is rejecting the pricing for at least half the inventory at Red Rocks Ranch, so sellers must adjust to meet the market. As interest rates continue to fall, it will be interesting to see if our fall/early winter market experiences more demand. If you are thinking of moving, feel free to reach out to me to talk about the current trends in more detail.