Aurora, CO Real Estate Update

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Settled in 1891, the sprawling Denver suburb of Aurora, CO is home to well over 325,000 residents. As one of Denver’s largest outlying communities, Aurora is known for its large number of planned neighborhoods and state of the art recreational facilities. Nicknamed the “Gateway to the Rockies” there is certainly no shortage of rugged natural beauty here!

Based on recent real estate statistics, it appears that Aurora is gaining in popularity. Home sales are brisk, which could explain why the median sales price has increased by 20.7% or $30,000, from just one year ago. In Trulia’s most recent overview for this area, it was noted that Aurora’s median sales price now stands at $175,000. The average square foot price for homes was up also by 17.5%, which rounded the price to $121.

suburban home

With Buckley Air Force Base and the Anschutz Medical Campus as the city’s two largest employers, it is not surprising that the housing industry is bouncing back. Its close proximity to Denver, award-winning schools and huge variety of recreational and cultural options make it a popular choice for young families, professionals, and retirees.

In 2004, Aurora held the distinction of being recognized by Sports Illustrated as the magazine’s 50th Anniversary “Sportstown.” Famous for attracting sports minded, active individuals and families, the city has become a model for how a metro area can facilitate, enhance, and perpetuate an active lifestyle. City residents are especially proud of the 220-acre Aurora Sports Park along with hundreds of acres of designated parkland, athletic facilities and miles of trails. In fact, over 30 athletic tournaments are held here each year. 

From Beacon Point to Jackson Farm, Murphy Creek, Seven Hills, or Willow Trace, there is truly a neighborhood in Aurora designed to meet every lifestyle need and budget. Some of the most popular neighborhoods lately are Carriage Place and Heritage Eagle Bend, with average listing prices of $177,163 and $379,496. Since this time last year, home sales have risen by 9.6%. Trulia’s figures show that in the y-o-y analysis, there have been 1,465 home sales since January 1st, 2012.

Of special note are a few amazing w-o-w changes for several average list prices, which experienced substantial gains. These figures were included in Trulia’s most recent report:

Center Pointe averaged $187, 714, a w-o-w increase of 33.6%

Kingsborough averaged $245,000, a w-o-w increase of 23.2%

Tollgate Overlook averaged $94,328, a w-o-w increase of 18.5%

It could be that low inventories are driving up prices, since Movoto revealed on January 1st that there were fewer homes on the market than one year ago. Movoto noted that he median DOM is down as well, with many properties selling in just 36 days! Keep in mind that there are still some deals to be had. According to Trulia, the number of distressed homes currently available is 1,997.

Regardless of what type of neighborhood or home you are looking for, one thing is for certain, you’re sure to find it in one of Aurora’s many planned communities and well-kept subdivisions.

Perhaps you’re after a residence in close proximity to one of the city’s 7 award winning municipal golf course or something out in the country where you can keep a few horses? Consider also, listings near the Aurora Reservoir -a year round playground for water lovers and nature enthusiasts. Those that crave city-life can also find it in Aurora’s lively downtown, where there are loads of shopping, dining, and entertainment venues.

Here are a few real estate listings from Trulia’s site that could pique your interest:

Golfer’s delight

Gorgeous new homes-

Steph Meyer is a contributor to the Blog and keeps us up to date on interesting happenings within the world of home financing and real estate. She’s got a quick wit and keen eye on making smart financial decisions. My Google Profile+

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