Highlands Ranch Top Booming Suburbs!

Highlands Ranch Is A Booming Suburb 

Howard Pankratz wrote an article in The Denver Post on Wednesday June 26th. The article entitled Highlands Ranch Colorado’s “Top Booming Suburb” talked about how Highlands Ranch is a booming suburb in Colorado. It is not in the top 10 in the United States, but was given a score of 909.81 by Coldweld Banker Real Estate. The top city with a score of 1,000 was Cottage Lake, Washington.

This great suburb is no stranger to lists of top places to live. On CNN Money’s Best Places to Live which came out on September of 2012 Highlands Ranch was ranked 21st out of 100 small cities across America. This article talked about HR’s state-of-the-art recreation center to the golf courses within HR as being parts that make this suburb a great place to live. HR was also in an article written in 2010 by Business Weekly as Colorado’s best place to raise children.

Here are the year-over-year average prices as listed on trulia.com. Highlands Ranch has had great growth since last year at 8.5% for all homes up to 4 bedrooms. Many of the homeowners selling today are experiencing multiple offers and higher than asking prices with those offers. In 2008 HR had seen sales drop from 1000 sales per month to under 500 sales per month. As we come into the midway point in 2013 we are seeing those numbers getting back to 1000 sales per month.

No. Bedrooms

Mar – May ’13

y-o-y

3 months prior

1 year prior

5 years prior

1 bedroom
2 bedrooms $239,000 +6.2% $234,000 $225,000 $225,900
3 bedrooms $297,100 +10.9% $280,000 $268,000 $265,500
4 bedrooms $414,850 +10.8% $387,450 $374,500 $398,500

All properties

$323,000

+8.5%

$310,000

$297,700

$298,650

 

Chart taken from trulia.com

With all that there is to do in Highlands Ranch no wonder they are recognized as a popular area. From open spaces to parks to a great schooling district to new stores and homes developing HR is a thriving community. Overall Highlands Ranch is a great community for many people; there is something for everyone to enjoy. The Denver Realty Company is your source for all your real estate needs and questions about Highlands Ranch and the Denver Metro Area.