MAY 2022 DENVER MARKET STATS

Matt Hudson, CEO denver-housing-market, Market Trends, metro-denver

MAY 2022 METRO DENVER STATISTICS All comparisons made to May 2021 The past 10 years have been a wild ride in the real estate market. In February 2012, the average sales price in the Denver Market was $247,282, the average days on market was 85 days, and interest rates had dropped from 4.8% to 3.89% over the previous 12 months.  …

APRIL 2022 DENVER MARKET STATS

Matt Hudson, CEO denver-housing-market, Market Trends, metro-denver

APRIL 2022 METRO DENVER STATISTICS All comparisons made to April 2021 Interest rates are up, and buyer demand is still holding strong. Showings are one of the most significant indicators of buyer demand, and as of early this month, showings for the Denver Metro Area hit 468,002. It is fewer showings than the frenzy of April 2021, which hit 502,836 …

MARCH 2022 DENVER MARKET STATS

Matt Hudson, CEO denver-housing-market, Market Trends, metro-denver

MARCH 2022 METRO DENVER STATISTICS All comparisons made to March 2021 A shift in market conditions is occurring. In early April, days on market hit an all-time low of 7.54 days, demonstrating a high level of buyer activity. Compared to the last two years, more homes listed this year have gone under contract. With these two facts, you would think this would make it …

Transaction Manager Listings Coordinator Position

Nykki Gallegos Life at CHR

Colorado Home Realty (CHR) is seeking a full time, super strong Listings Coordinator to become an integral part of our Transaction Management team! Do you like to roll up your sleeves and get more done than most other people could dream? Are people always shocked by your reliability and crazy attention to detail? Are you searching to be a part …

FEBRUARY 2022 DENVER MARKET STATS

Matt Hudson, CEO denver-housing-market, Market Trends, metro-denver

FEBRUARY 2022 METRO DENVER STATISTICS All comparisons made to February 2021 The impact of rising mortgage rates is coming, and the monthly payment increase associated with the change will be felt mainly with buyers, putting into question their ability to purchase this year. In addition, iThe market needs more inventory and we are starting to see a small increase in …

JANUARY 2022 DENVER MARKET STATS

Matt Hudson, CEO denver-housing-market, Market Trends, metro-denver

JANUARY 2022 METRO DENVER STATISTICS All comparisons made to January 2021 The impact of rising mortgage rates is coming, and the monthly payment increase associated with the change will be felt mainly with buyers, putting into question their ability to purchase this year. In addition, if there are fewer qualified buyers, we will see an increase in inventory and less …

DECEMBER 2021 DENVER MARKET STATS

Matt Hudson, CEO denver-housing-market

DECEMBER 2021 METRO DENVER STATISTICS All comparisons made to December 2020 It is no surprise we ended the year with low inventory and high appreciation in 2021. It seemed to be the theme as we went through another year of people choosing where they wanted to live the next chapter of their lives. With rates set to rise in 2022, …

We’re Hiring a CFO!

Nykki Gallegos Life at CHR

We are looking for a humble badass. You are hard-working, ridiculously smart, have a ton to offer the right culture and team, and are committed to finding your tribe. Yes, there are all the traditional aspects of the CFO role you must have the ability to proactively and meticulously fulfill. However, we don’t want traditional. We believe most of the …

Earnest Money

Nykki Gallegos Buyer Insights, Buying

The quick facts on earnest money When you execute a contract to buy a home, you will offer some earnest money to the seller. The contract specifies when you need to provide the earnest money to the seller or seller’s agent and this is normally within a few days of contract execution. This check will be cashed within 24 to …

Denver Real Estate Remains Strong – Firmly A Seller’s Market

Matt Hudson, CEO CHR WEEKLY, Market Trends

Over the last 14 weeks, buyer activity has settled into the “just above normal” range for the Denver market. With low inventory, this still means a large buyer pool is competing for fewer homes leading us into a fall and winter market that is most likely shaping up to remain busy and relatively fast for buyers and sellers.

Home Inspections

Nykki Gallegos Buyer Insights, Buying

You need to schedule inspections on the house you are buying.   2. You have to get your inspections done prior to the Inspection Objection Deadline found in Section 2 of the contract.   3. Read our report HERE re: inspections.   We consider the inspection process to be one of two of the most important steps in a home purchase …

Home Warranties

Nykki Gallegos Buyer Insights, Buying

Ask your agent if he/she is aware of any existing home warranties that may be in effect or available for the house you are buying. Here are some possibilities: New Home Warranties: New home builders typically provided some kind of extended warranty covering the structure of a home for 5 to 10 years. The remaining term on such warranties usually transfers …