Just as builders anticipated, home buyers are pouring back into the market this fall, bidding for scarce resale homes and eating up the limited available inventory of new homes. At a KB Home neighborhood in Southeast Aurora’s Copperleaf master-planned community, that’s creating a last chance for some new single-family designs that figure Cherry Creek Schools into their equation.
“Buyers are telling us that they’re fatigued by the tight resale market,” says Randy Carpenter, Division President at KB Home Colorado. “Right now, new homes are looking particularly attractive to them compared to older ones.”
Along with an attractive offering of parks, trails, clubhouse, and other amenities, the schools serving Copperleaf have made the community a primary target for resale buyers, says Carpenter.
“Usually new homes come with a premium that reflects the choice in design and options, energy efficiency, and better technology they offer over older houses,” he adds.
“The ongoing shortage of resale homes has driven their prices up so much that a new home with the latest technology has never been a better value compared to resale.”
KB Home’s Shawn Cummings and Leslie Stokes can show you a home ready for move-in now—three bedrooms, 2-1/2 baths plus a loft, that has close to 2,200 sq. feet of finished space. It’s on a corner site and has a covered back patio, gourmet kitchen, and other upgrades. It’s priced at $638,896.
Carpenter says you can find a comparably sized older listing in Copperleaf that has a list price of around $595,000. “Once you figure in the likely bounce from a bidding war, the older house is pretty much a match to ours,” he adds.
Carpenter adds that buyers who have made Copperleaf such a fast seller have chosen this neighborhood due to its location so close to Parker Road and E-470. Many commute into the Tech Center or downtown; and some couples split their commute, with one using E-470 to reach Thornton or Broomfield.
If you can go a little higher, KB Home has a 4-bedroom/3-bath home, also ready for move-in, that shows a walkout basement and a main-level bedroom that’s perfect for an older parent returning home. It’s sized at around 2,400 sq. feet and is $671,714.
“We’ve experienced plenty of demand for multigenerational homes in this area,” notes Carpenter.
Among those remaining homes are a few opportunities to create a highly personalized home, using KB Home’s design center and working with a professional design consultant. (The two decorator models, including a ranch, will head to market soon.) Every KB Home is independently tested and certified to meet or exceed Energy Star standards so the monthly utility bill won’t break the bank.
When you visit, a quarter-mile south of E. Quincy Avenue on S. Picadilly, you’ll see how convenient Copperleaf is to shopping and dining at Southlands, to Aurora Reservoir with its trails and beach, as well as to Quincy Reservoir.
The news and editorial staffs of The Denver Post had no role in this post’s preparation.