2023: Quite a Different Year for Tablerock in Golden, CO
Posted by Jess Feaster on
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Everything changed in Golden's Tablerock real estate in 2023. Well, not everything, but a lot! Let's go through the key elements.
One of the most notable changes was activity. Tablerock went from 10 homes sold in 2022 to four in 2023. Mortgage rates went up towards the end of 2022 causing a notable drop in the number of Tablerock residents willing to list their home. This wasn't a trend limited to Tablerock. In fact, most Colorado residents currently have a mortgage rate of 4% or lower. Rates have begun to drop, but we are still above 7%. As such, the "golden handcuffs" will continue to play a role in Colorado's 2024 real estate market.
Buyer demand for Tablerock homes for sale shifted as well. In 2021, we used to joke that you could…
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Golden's Tablerock neighborhood has always been in high demand, but 2021 was a year like no other. For starters, the highest priced home sold for $1,545,000! To put it in perspective, last year's record high was $1,007,500. That's a 53% increase in one year! On average, Tablerock homes were under contract in 2 days and sold for an average of $1.2M. Inventory doubled Y/Y though, with 12 homes sold in 2021. With Tablerock's fantastic location and outstanding community, we expect to this neighborhood will continue to thrive.
For years now, we've niched in Golden's highly sought after Tablerock neighborhood. While it's always been a popular neighborhood, 2020 set multiple real estate records for Tablerock. The greater Denver-area saw incredibly low inventory along with a growing population last year. Combine this with Tablerock's incredibly desirable location, lot size, mountain views and so much more, it's no surprise that it was a record setting year!
Many people have asked us what the recent Colorado stay-at-home order means for real estate. We’ve compiled some FAQs to help!
