Best Time to Buy a New Home?

Parker, Colorado, a vibrant community located southeast of Denver, has grown rapidly in the last 30 years. It is known for a charming downtown, strong school system, and family-friendly atmosphere. Parker’s outlying residential developments attract buyers seeking new construction especially south of Hess Road. And the new build community of Looking Glass reflects both the region’s dynamic growth and its commitment to quality living. We spoke with Looking Glass resident Nick Rizzi, a real estate agent with Happy Homes in Colorado, for another look at the market right in his backyard.

While some people currently in the market for a home are watching and waiting on the Federal Reserve to make a move, lots of buyers are behaving as if now’s the time to sign on the dotted line! According to Nick, while industry experts are concerned for 2025 because real estate seems to be moving possibly even slower than 2008, the “people-on-the-move” numbers defy the uncertainty and fears in the news. 

The South-of-Denver Migration

“The numbers do what they’re doing — people are still moving here, people are still upsizing here, in fact, the most dominating demographic leaving the state right now is downsizing baby boomers,” Nick said. ““And from everything I’m seeing, people are moving farther south (of Denver).” 

“We are seeing more people enter the state and younger generations remaining in the state when they leave home,” Nick added. “The most interesting part is more and more of that settling continues to happen just south of Denver.”

“This time last year, I was saying Greenwood Village, and now we’re up to Lone Tree, south of Centennial. So, while it may be slow right now, I’m not really worried about the next 12 months, even as Looking Glass gets built out. We still have the numbers to show that people are moving here, people are trying to stay here, and more migration is coming this way, so our community is going to get filled up one way or another.”

Advantages of New Construction Communities

As Nick mentioned last week, one of the big advantages of new construction is that builders can offer interest rate incentives. Dream Finders has a 4.99% rate*(at time of publishing) for homes that close before the end of the year, so anyone purchasing a quick move-in home doesn’t have to wait on mortgage loan rates to drop.

In fact, noted David Zalupski, Dream Finders Vice President of Sales & Marketing-Colorado, there is an inverse relationship between loan rates and home prices. Once traditional mortgage loan rates come down, home prices tend to go up so now really is the best time to buy a home for those seriously considering a new build.

Not only that, says Nick, but Dream Finders offers a variety of home styles and designs, one of which is the Frontier model with a primary bedroom on the lower level, and then three to four bedrooms on the upper, depending on the floor plan. 

“One of the reasons for that design is that they believe people are going to be in the home longer,” Nick says. “Instead of the average person or family staying in their home five to seven years, we’re looking at families who might be there for 15 to 20, years,” he said. “And if there’s a concern about aging in place, you have a ranch-style home with a bedroom on the main floor.” 

New Trends, Lasting Designs

“Looking Glass builders are testing a lot of new, but probably lasting, design trends and they’re making home ownership possible for more people,” Nick continued, referring also to the paired homes that Richmond American is currently building inside Looking Glass.

“Paired homes are awesome opportunities for move-up buyers, people who couldn’t afford to get into these neighborhoods until now,” he went on to say. “There’s been a lot of talk and concern on our social media of, ‘oh, when you get lower priced homes in your neighborhood, does it bring property values down?’ And it doesn’t – not when you consider comps. It actually helps raise the value over longer periods of time,” Nick said.

“The challenged move-up buyers, single parents, recently widowed, or, parents wanting to help their adult children get into homes – this is a chance to boost another generation of homeowners while creating sustainability for the rest of the neighborhood,” he added. “Which is great.”

Optimal Choice in Looking Glass | Parker

The Parker real estate market has witnessed considerable appreciation over the past decade. Its population growth, employment opportunities nearby in Centennial, Aurora and Denver, and desirable lifestyle amenities continue to fuel demand here in Looking Glass. Check out the many quick move-in possibilities at Looking Glass, starting in the $600s. Dream Finders, has one and two-story models to explore, with attractive elevations and plenty of floor plan options plus cost-savings opportunities you’ll find nowhere else. And if you’d like a personally curated tour of these options, Nick and his team are ready to help over at Happy Homes!