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 under $300K are selling as fast as they are listed. Even the upper end of the market is seeing a very active market. The reality is that some homes are selling before they come to the published market, so this statistic is suspect. Published inventory continuous to decline month over month. The only thing [...]
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 [...]
Positive Price Creep-more homes are selling at higher prices! Lack of inventory pushes prices higher. That and low interest rates. The seasonal sales decline isn’t declining much this year! Days on market are increasing as winter arrives, but still a sellers market! Average Sold Prices still very high, a great jump off point for 2013!
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 [...]
“Who knows what evil lurks in the hearts of men?”. Those words were the introduction to the long running 1930′s radio show, “The Shadow”. While we are not sure what evil lurks with the so-called “shadow inventory”, we are certain there is fear that the combination of bank owned homes, delinquencies, and as yet to [...]
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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