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January numbers are out and it’s clear that competition among buyers is strong. Offers that get accepted tend to all have the highest price, inspection waivers, and appraisal gap coverage. Many sellers are also looking for free post-closing occupancy, where they rent back the home for up to two months. Homes are selling for 10 […]
Front Range Real Estate Market Report, 2/7/2022 Read More »
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 »
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 »
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 »
Market Update, April 1, 2021 If you read our updates, you know we’re in a seller’s market, but you may be wondering what we mean when we say that. Housing prices respond to supply and demand. Right now, there’s high demand for homes and not much supply. In real estate, we often look at “months
Front Range Real Estate Market Update, April 1, 2021 Read More »
Over the past 25 years, nationwide home prices have appreciated about 3.8% per year. During the past year, the average price for a home is up 9.6% in Metro Denver. Nationally, homes appreciated at 9.5%, according to the CoreLogic Case-Shiller U.S. National Home Price Index. When people see numbers like that, the natural inclination is to
Front Range Real Estate Market Update, February 18, 2021 Read More »
We ended 2020 with a record-low number of homes on the market – just 2,541. The average number of homes for sale at the end of December is 12,941. With such low inventory, the market strongly favors sellers. The average closed price was up 5.44% compared to 2019. Despite the pandemic-induced stand-still in the market during
Front Range Real Estate Market Update, 1/7/2021 Read More »
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