Selling Residential Real Estate in Metropolitan Denver
Commentary - The inventory problem has become critical. Maybe. While the available published inventory is very low, there are increasing suspicions that many properties are being sold inside brokerages without being made available to the market. This column will not concern itself with that phenomenon, as we are concerned here with the public data. Interest [...]
Commentary - The inventory problem is becoming critical. Maybe. While the available published inventory is very low, there are increasing suspicions that many properties are being sold inside brokerages without being made available to the market. This column will not concern itself with that phenomenon, as we are concerned here with the public data. Interest [...]
Properties over $600K are in a buyers market. The market is very aggressive under $400K. 2013 starts out with properties on the market for 25 days less than in Feb. 2012 The tiny green bars on the chart reflect the lowest inventory of homes in 30 years. We continue to sell more than we place [...]
Commentary - There is very little change since February in the Metro Denver Real Estate market. Interest rates decreased ever so slightly since early February, but not so potential home buyers would be affected. 92.6%% of those that want a job have one. While builders increased their starts by over 50% from 2012, building material [...]
January 2013 was the strongest Jan. sales month in recent memory. Price ranges below $600K reflect a buyers market. Available resale inventory lowest in 30 years. Strong Jan. sales portends a strong 2013. Average sold prices poised to exceed $350,000 in 2013 Fast sales can be expected all year.
Commentary As we enter 2013, the Metro Denver economic news remains positive, with 2012 year over year averages improving in almost every category over 2011 and for the preceding 3 years. The 2013 real estate market outlook remains strong, but external factors could change the picture. The so-called fiscal cliff came and went, with more [...]
6,000 more SFR were sold in 2012 than in 2011 Prices declined from the high in June, then started an unusual late year comeback. Days on market increased toward years end, but expect 60 days or less by April. Inventory continues to be historically low. Year over year sales increased 10 of 12 months in [...]
Commentary The current real estate/economic picture in Denver remains positive for the individual home seller in the lower price ranges, but has become very stressful for buyers, especially in the prices ranges under $500,000. Sellers are often receiving multiple offers, and many properties are receiving bids in excess of asking price, often in the first [...]
Key Economic Statistics The current real estate/economic picture in Denver remains positive for the individual home seller in the lower price ranges, but has become very stressful for buyers, especially in the prices ranges under $400,000. Sellers are often receiving multiple offers, and many properties are receiving bids in excess of asking price, often in [...]
With 12 weeks or less or available inventory in the price ranges under $400,000, this entire market segment remains a sellers market. Although the average market is very low at 65 days, some properties are selling in days. Average sold prices remain strong in July. Total available inventory remains low, acting to push prices up [...]
Key Economic Statistics The current real estate/economic picture in Denver remains positive for the individual home seller in the lower price ranges, but has become very stressful for buyers, especially in the prices ranges under $350,000. Sellers are often receiving multiple offers, and many properties are receiving bids in excess of asking price, often in [...]
The Band Chart indicates that the strength of the Metro Denver market continues to push up in value, with homes priced under $600 now in the sellers market category. No significant change in the low resale inventory is expected until the median price tops $325,000. The Metro Denver real estate market continues its strong showing [...]
Key Economic Statistics The current real estate/economic picture in Denver remains positive for the individual home seller in the lower price ranges, but has become very stressful for buyers, especially in the prices ranges under $350,000. Sellers are often receiving multiple offers, and many properties are receiving bids in excess of asking price, often in [...]
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