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If you’ve bought or sold a home, you know all about comparable properties; often just called “comps .” Comps are properties that have sold recently and are similar in size, location, age, features, and condition. We use comps to determine the ideal asking price for a home we’re marketing. When we represent buyers, we look […]
Front Range Real Estate Market Update, September 30, 2021 Read More »
You’re going to start hearing about foreclosures going up. Here’s what you should know about those headlines. I just searched and, in our entire MLS, there are 12 foreclosed properties. In the Denver metro area, there are five. Take the news about foreclosures with a big grain of salt. Of course, it’s
Colorado Front Range Real Estate Market Update – 9/23/2021 Read More »
In August, 20.9% of the homes for sale had been reduced in price. In the one-week period that ended a week ago, there were 596 price reductions. This past week, there were 772. In other words, during the past week, there were 29.5% more price reductions than there were the week before. It’s not April
Front Range Real Estate Market Update, 9/16/2021 Read More »
Mortgage rates continue to hover between 2.87% and 3.03%, after remaining low the entire year. These low rates are helping take some of the pressure off buyers, who may have sticker shock. In our local MLS, which covers a large part of the state, the average price for a home sold in August was $606,789,
Front Range Real Estate Market Update, 9/2/2021 Read More »
Where were you in 2011? In the same home? In a different state or town? Let’s compare key real estate statistics from July 2011 to what happened in Metro Denver last month. Active Listings July 2011: 22,860 | July 2021: 4,816 | See Graph The fewest active listings between 2011 and 2021 were during May of this year when there
Front Range Real Estate Market Update, August 19, 2021 Read More »
We saw another significant rise in new listings this week – up 8.9% compared to last week. This gives buyers more homes to choose from, which is welcome news. Offers must still be competitive and homes that are priced well and show well are still selling quickly with multiple offers. Homes that are a little
Front Range Real Estate Market Update, 7/22/2021 Read More »
Here’s an overview of our market last month with statistics we don’t often look at. We thought this would provide a unique perspective on what’s happening in our area. Home Prices by Total Square Feet During May 1,500 sq ft or less: Average: $380,455, Median: $360,000 1,501 to 2,000 sq ft: Average: $507,822, Median: $464,000 2,001 to
Front Range Real Estate Market Update, 6/17/2021 Read More »
The real estate market is still very active. Buyers continue to purchase homes despite the challenges. There were 25 showings for each home for sale last month, which shows how competitive the market is. Buyers should look at homes significantly below what they’re willing to pay, since the final price will likely be much higher
Front Range Market Update, June 3, 2021 Read More »
The past year has been a wild ride. Take a look at these graphs to get a sense of how things are changing. Months Supply of Inventory This is the length of time it would take to sell all the homes for sale now if no other homes came on the market, given the current
Colorado Front Range Real Estate Market Update, May 19, 2021 Read More »
A day in the life of Metro Denver real estate One day can tell us much about the market right now. Let’s take a look at Friday, April 23rd and see what happened in the seven metro area counties of Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson. 151 homes came on the market. There were
One day can tell us much about the real estate market now Read More »
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