Real Estate Market Trends in the Goldsmith/Hutchinson Hills Denver Neighborhood

Learn more about what the Goldsmith neighborhood has to offer

What First-Time Homebuyers Should Know About Buying Goldsmith Real Estate


July 25, 2018

The decision to buy your first home can be a scary one. It’s a good idea to do your research when you are planning to buy Goldsmith real estate—or homes in any other Denver metro area. Most people spend time thinking about mortgage qualifications, location, and other items, but here are some items many people might not consider.
The home professionals at HGTV have also put together a helpful checklist for first-time homebuyers.

Plan to Own the Home for Several Years

Although Denver home values are appreciating quickly these days, it’s always best to stay in a house for several years when you buy. Owning a home should usually be considered a long-term rather than a short-term investment. The closing costs and the moving expenses should be considered. And even though things do look bright now, the crash of 2008 should tell us that you can never predict what will happen.

Buy a Home for the Right Reasons

You should purchase a home because it makes sense for your own personal financial reasons—not because owning a home in the suburbs is going to somehow change your life. You should also not purchase a home for investment purposes because it might not necessarily be the best investment. Purchasing a home should not be done for emotional reasons; it should be done for financial ones.

Buy Only as Much House as You Need

There used to be a trend toward buying starter homes with the plan to move up to a bigger house as family needs changed. But some people buy homes today based on future needs. Be realistic about your what you need today—and for the immediate future. For example, if you are married and plan to have a family, a two-bedroom, one-bath condo is probably not a good idea. But you may not need that five-bedroom, four-bath home either. You’ll have to pay for maintenance, taxes, and energy on that large home—and chances are, much of the home will be wasted space for many years to come.

Negotiate With the Seller as Much as Possible

You’ll probably use a real estate agent to purchase your first home, so find someone who will go to bat for you. If you aren’t a good negotiator on your own, find someone who is. Negotiate the purchase price, the cost of anything that needs fixing based on the inspection, and so on. Everything is negotiable, and you want to make sure the transaction is as much to your advantage as possible. (This is where emotions—or lack thereof—can come into play.)

Walk Away From the Home If It Makes Sense

Homebuying can be an emotional decision, but you should resist the urge to base your purchasing decision on your heart rather than your head. View the process as nothing more than a financial transaction until you sign on the dotted line and are handed the keys. Then, and only then, should you consider your newly purchased house a home.
We are experienced in working with first-time homebuyers. If you’re thinking about purchasing Goldsmith real estate, Elevation Realty can help. We can tell you more about the Goldsmith market and help you whether you are looking for a starter home or if you want to find your forever home. Contact us online or give us a call at 303-579-3566 to begin your search.   
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Goldsmith Market Trends - 4th Quarter 2017


April 3, 2018

Located in southeast Denver, many of Goldsmith’s homes were built in the 1960s and are occupied by the original owners. Just 9 miles south of downtown Denver and about the same to the Tech Center, Goldsmith is a quiet haven with easy access to more urban areas of town. Given its relative distance to downtown this neighborhood is great for families looking for a little bit of suburbia within the city’s boundries and also boasts a lower than average crime rate.

The last quarter of 2017 saw some significant changes in the housing market in the Goldsmith neighborhood. After an average of 30 days on the market, 6 listings were sold, at an average price of $505,158.

Contact Elevation Group at Your Castle Real Estate to help you in your Denver housing search. Dave knows all the best neighborhoods and areas and can help you find the home of your dreams. 
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Goldsmith 2016 Q4 Market Trends in Denver


During the 4th quarter of the Denver real estate market, the area of Goldsmith had approximately 7 active listings with an average price of $531,971. The under contract listings had an average price of $469,714 - compared to sold listings with an average price of $467,628 with 18 sold properties during this quarter. 

On average, the asking price for sold listings was $465,404 with a discount of about .60%. Generally, the average days properties were on the market before being sold was 11 days. 

Stay up to date witht the most recent market trends in Denver with Elevation Realty. 

Goldsmith Q1 Market Trends in Denver


April 26, 2016

In the small but desireable Denver neighborhood of Goldsmith, home prices have risen slightly as compared to the previous quarter. This marks another historical upward trending quarter for the neighborhood. Of the nine homes sold in Q1 of 2016, the average price was $438,322,428, a $104,894 rise in price from Q4.

Over Q1, sold listings were on the market for an average of 50 days, twice as long as the previous quarter. Three homes sold for asking price, but the average discount of sold listings was -1.90%. At the finish of quarter one, there were three active listing as well as six more listings under contract. 

Check in with Elevation Realty for the latest market trends for neighborhoods in Denver like Goldsmith, and follow us on Facebook or Twitter to learn more advice and tips for buying or selling a home.
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Q4 Market Trends - Goldsmith Neighborhood in Denver


Just south of Evans Blvd sits the small, but desirable Goldsmith Neighborhood. Home prices have dropped slightly as compared to the previous quarter. However, prices are still on the rise compared with historical data. Of the nine homes sold in Q4 of 2015, the average price was $333,428, a $59,472 drop in price from Q3.  The asking price of homes sold was also lower than the actual sale price.

Over Q4, sold listings were on the market for an average of 18 days, twice as long as the last quarter. One home sold in September had a final price of $325,000 – 8.7% over asking price. At the finish of quarter four, there were three active listing as well as three more listings under contract. 

Check in with Elevation Realty for the latest market trends for neighborhoods in Denver like Goldsmith, and follow us on Facebook or Twitter to learn more advice and tips for buying or selling a home.
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