Denver’s Stapleton home sales slipping; Lewis Banning Ranch rising

Stapleton stays Colorado’s top-selling new home group, claiming the 11th spot nationally final yr with 622 sales, in response to a rating from John Burns Real Estate Consulting.

But home sales at Stapleton, which Forest City Enterprises has developed for 20 years, are down 18 p.c from the 758 bought in 2017. Stapleton’s sales quantity has swung round primarily based on the supply of tons. Last yr represented a time of transition, with the Denver group opening up its 12th and closing neighborhood this summer time.

Green Valley Ranch, which usually made the highest 50 beneath Stapleton, didn’t make the minimize on the John Burns’ listing final yr. But Banning Lewis Ranch in Colorado Springs shot up out of nowhere, with 342 sales, sufficient to rank 45th nationally.

Through October, Colorado Springs had the fourth quickest annual charge of job features of any metro within the nation at 5.4 p.c, in response to the U.S. Bureau of Labor Statistics.

Real property agency RCLCO had Green Valley Ranch sales at 319 houses, down from 359 in 2017.  Like Stapleton, Green Valley Ranch is generally in Denver and approaching completion. Oakwood Homes is the builder behind each Green Valley Ranch and Banning Lewis Ranch.

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