Learn more about Evergreen, known for its year-round outdoor activities like hiking, paddle-boarding, kayaking, fishing, etc.
The Evergreen housing market remains highly competitive. Last month, the median sale price of homes in Evergreen reached $983K, marking a significant 20.6% increase compared to the previous year. Interestingly, despite the rise in overall home prices, the median sale price per square foot in Evergreen has decreased by 9.45%, now standing at ¤345. This divergence suggests that while buyers are willing to pay more for properties overall, they might be acquiring larger homes, which could explain the drop in price per square foot. Such trends highlight the dynamic nature of Evergreen's real estate market, where demand and preferences continue to evolve.
Median Sale Price
Median Sale Price per Sq. Ft.
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In June 2024, home prices in Evergreen surged by 20.6% compared to the previous year, with the median sale price reaching $983K. This sharp increase in prices reflects the high demand in the area. Additionally, homes in Evergreen are selling much faster this year, with an average of just 8 days on the market, a notable improvement from the 13 days recorded last year. However, despite the brisk sales pace, the number of homes sold in June dropped to 11, down from 19 in the same month last year. This decline in sales volume could indicate a tighter inventory, further intensifying the competition among buyers.
The Evergreen housing market is highly competitive, with homes selling in an average of just 6.5 days. Many properties attract multiple offers, often with buyers waiving contingencies to secure a deal. On average, homes in Evergreen sell for close to the list price and typically go pending within about 7 days. However, for particularly desirable properties, or "hot homes," the competition is even fiercer—these homes can sell for around 1% above the list price and go pending in as little as 3 days. This level of competition highlights the intense demand and fast pace of the market in Evergreen.
People moving to Evergreen are coming from a variety of locations across the country. Nationally, about 1% of homebuyers are searching for homes in Evergreen from outside metropolitan areas. Among these, Houston leads the pack, with more homebuyers from this metro area searching to move to Evergreen than from any other city. Following Houston, New York and Los Angeles also rank highly as sources of potential new residents, reflecting the broad appeal of Evergreen to buyers from some of the nation's largest urban centers.
For detailed, up-to-date information on buying/selling a house in Evergreen, including legal considerations and market trends, you can talk to us.
Before buying a home in Evergreen, CO, it's essential to consider factors like the unique mountain terrain, potential for wildlife encounters, and possible elevation challenges. Evergreen homes typically sit at an elevation of about 7,200 feet, which may affect your lifestyle, from snow removal to water use. Additionally, homes for sale in Evergreen, CO often feature larger lots, providing a sense of seclusion and privacy, but it's important to consider commuting distances to Denver and other nearby areas.
When browsing Evergreen, CO homes for sale, many properties are located in areas with limited services, like road maintenance and utility access, which may influence your decision. It's also advisable to review any HOA rules, especially if you're considering a home in a gated community or one that has specific property guidelines.
Yes, many buyers in Evergreen, CO can take advantage of specific loan programs, especially for rural or mountain communities. USDA loans, for example, are designed for rural areas and may be available to buyers interested in Evergreen, CO real estate. These loans typically come with lower interest rates and reduced down payment requirements.
Additionally, FHA loans, VA loans, and conventional mortgages are available and popular choices for financing homes for sale in Evergreen, CO. Depending on the property type (luxury homes, multi-family homes, etc.), certain loans might be more applicable. It’s recommended to work with a local mortgage expert who understands the nuances of buying in a mountain community.
When you find a home you love in Evergreen, CO, the offer process begins with a thorough review of the property’s condition, location, and price. Due to the popularity of Evergreen, homes can sell quickly, so it's critical to act fast if you find a property that meets your needs.
Working with a local real estate agent familiar with Evergreen, CO real estate is crucial. They can guide you through negotiating terms like price, inspection contingencies, and closing dates. Depending on the condition of the property and the market competition, you might need to submit a strong offer, especially for luxury homes or those in high-demand neighborhoods. Be prepared for potential bidding wars or counteroffers as Evergreen homes are in a desirable mountain setting.
To prepare your home for sale in Evergreen, CO, focus on enhancing its appeal while highlighting unique mountain features. Start by ensuring your property is well-maintained and accessible, especially during the winter months. Many buyers looking at Evergreen, CO homes for sale are interested in outdoor spaces, so showcase any decks, patios, or natural landscaping that fits the mountain lifestyle.
It’s also important to address any issues related to septic systems, wells, or road access, which are common in Evergreen. Stage your home to emphasize cozy, mountain living while de-personalizing spaces to help potential buyers visualize themselves in the home. Working with a local real estate agent is essential to ensuring your home is priced correctly for the Evergreen, CO real estate market.
While the Evergreen real estate market tends to stay active year-round, spring and summer are often the best times to list your home. During these warmer months, the natural beauty of the area is on full display, making homes for sale in Evergreen, CO more appealing to buyers.
That being said, winter can also attract buyers looking for homes that provide easy access to Colorado’s skiing and outdoor winter activities. Whenever you choose to list, it’s important to make sure your home is properly maintained and accessible, especially after snowfalls, as this can affect buyer interest.
Pricing your Evergreen home correctly is one of the most important factors in attracting potential buyers. Evergreen, CO real estate can vary greatly in price, depending on the location, lot size, and home features. Homes with mountain views, larger lots, or those in desirable neighborhoods may command higher prices, while more remote or older homes might be priced lower.
Work closely with a real estate agent who knows the Evergreen market to conduct a Comparative Market Analysis (CMA). This will help you understand what similar homes for sale in Evergreen, CO are selling for and ensure that your home is priced competitively. Overpricing can deter buyers, while pricing it appropriately can lead to faster offers and potential bidding wars.
Whether you're in search of a cozy nest, a spacious family residence, or a luxurious estate, we are committed to turning your dreams into reality. With a deep understanding of the market and a dedication to personalized service, we're here to navigate every detail of your home-buying process. Don't hesitate to reach out with any questions or to begin your adventure in home ownership.
Discover what makes Evergreen, CO, one of the most sought-after communities in the nation! Whether you're curious about the local real estate market, looking for the best schools, or eager to explore outdoor activities, our comprehensive Evergreen Neighborhood Guide has everything you need. Dive in now and see why so many are choosing to call Evergreen home!
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Evergreen, CO Real Estate Agent
Paul Temaat's connection to Colorado isn't just professional; it's deeply personal. A lifelong resident of this scenic state, Paul's love for Colorado is palpable. He cherishes the region's radiant summers and the abundant, diverse wildlife that calls it home. This intimate familiarity with Colorado's landscape and culture provides Paul with a unique edge in the real estate market, enabling him to offer clients insights that only a native would possess.
Outside the realm of real estate, Paul is a man of varied interests. His penchant for DIY and home improvement projects showcases his hands-on approach to creating beautiful spaces, while his love for gardening emphasizes his appreciation for the outdoors and nature. Additionally, Paul's enthusiasm for volleyball not only keeps him active but also underscores his team-oriented mindset, a trait that is invaluable in the collaborative world of real estate. In Paul Temaat, clients find a dedicated agent with a deep-rooted love for Colorado and an unwavering commitment to their success.
Find out how Temaat Real Estate Investments can help you buy/sell/invest and get the most money! To start looking for your dream property in Evergreen, CO, call Paul Temaat Real Estate today!
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