With the recent decline in available existing homes for sale in Evergreen and the Denver Foothills, land has been becoming a much more valuable commodity. Realtors are seeing a lot more land movement in the recent months. The calls from buyers are picking up as well as people buying land to develop and do spec homes. Land has increased in value and sale prices over the last few years. It has stayed over $400,000 average sale value for most of the time over the last few years. Land is seeing an upward trend as it is becoming harder to find land that is easy to develop and land that is able to be built on without a great deal of blasting, excavating or running utilities for 100’s of yards.
Buying land in the mountains can sometimes be tricky
Sometimes buyers get frustrated when they can’t find an existing home for sale so they think the next option is to buy a parcel and build a home. Sounds like a great idea… right? Well not always. Buying land has it’s own challenges. When you are looking for land for sale in the mountains you need to know a few things. The first is that there are other factors to consider. Most of the land in Evergreen that is available is in the need of a well. Digging of a well can be costly. It usually (depending on the depth) can cost 10’s of thousands of dollars. Then you need to put in a septic. After that is taken care of you need to run utilities from the nearest box. When you are searching for land you need to look at the description carefully. Then you need to do your own research. If you are looking for land to build a specific structure like a tiny home, you need to look at the CCR’s and HOA docs to confirm that type of structure is allowed. Then you need to confirm with the county to confirm that type of structure is allowed. You also need to consider putting in the driveway and other costs involved with developing land. The nice thing about buying an existing home is all that leg work has been done for you already.
Active listings and land for sale Denver Foothills and Evergreen