Pine is a picturesque mountain community located in the foothills and southwest of Denver. Surrounded by mountains, Pine fits cozily in a river-fed valley of lush green landscape and rugged rock formations. Home to approximately 3,900 people, residents benefit from the area’s inherent beauty and natural resources. From mountain springs and waterways to forested hillsides, Pine is an outdoor paradise for adventure seekers. The Sphinx Rock formation is one of the state’s most popular rock climbing sites while fishing along the banks of the South Platte River is a favorite pastime in these parts. Pine’s rustic downtown district is a historic treasure where stories are literally written on the walls. Pine offers a variety of family and privately-owned businesses are situated throughout the district where locals can gather for food, shopping or a cup of coffee with neighbors. Nearby communities such as Conifer, Bailey and Evergreen provide further infrastructure for commerce and entertainment for Pine residents. Proximity to Metro Denver is another luxury where locals can find a vast array of amenities and attractions. The Denver market is also an emerging economic region where new employment, education and entertainment options are continually being introduced. In this sense, residents of Pine have the best of both worlds. They can find solace in their peaceful residential community while still being able to enjoy the wealth of opportunities Greater Denver offers. For those seeking a home in a mountain setting the town of Pine is the ideal place to live, work and play.
The community of Pine is filled with many beautiful homes and cabins designed for homeowners seeking a quieter, simpler life. Most properties include fireplaces, patios, decks, basements and plenty of acreage. Varying in size, location and amenities, townhouses range in price from the low $100,000s to $500,000 or more and cabins from less than $100,000 to the low $200,000s. Pine two, three and four-bedroom mountain-style homes range in price from the low $200,000s to $900,000 and up and can be found scattered throughout the hillsides. Larger homes with multi-levels and expansive views of the Rocky Mountains, the sweeping valleys and other surrounding terrain range in price form $900,000 to $4 million and higher. Pine offers a fine selection of historic properties and plots of land for custom building are also available.
Pine Real Estate Stats and Trends for the week of January 20th, 2019: homes priced around $978,250 compared to $862,600 the previous week, showing a increase of more than +12%. For Sunday, January 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.
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