Life is full of surprises. From presidential election results to the behavior of teenage kids, what transpires can easily be unexpected. The residential real estate market in metro Denver, however, is one thing that is not surprising anyone. It keeps sailing along with similar trends as it has been showing for the last three or four years. Just look at …
The Scenario: Some agents are much better at pricing properties than other agents. Case in point: The asking price suggested by a CHR agent (let’s call her Agent A) surprised a seller recently. At $1,060,000, it was $65,000 higher than the $995,000 sale price suggested by another agent (we’ll call her Agent B). In and of itself, this situation is …
September stats show metro Denver’s residential real estate market repeating a predictable pattern. Prices are up 10% to 12%. The number of homes closed is almost identical to last year. Inventory remains steady. Yada, Yada, Yada. Here are the actual numbers: This predictable performance of the overall market, however, conceals the fact that the market is not uniform in every neighborhood and …
If we were giving an update on metro Denver residential real estate for August in terms of a traffic report, it would be that there are no accidents on the freeways or side-streets slowing you down. Not so much as even a stall off on the shoulder to cause gawkers. We had wondered the last couple months if the market might …
The metro Denver real estate market might be signaling a shift if you take a short-term view. For the 2nd month in a row, fewer homes sold. For July 2016 compared to July of 2015, the number of homes sold declined by 11.9% even though home prices are up by 10.46% over this time period. The inventory of homes available for …
Temperatures rose predictably in late June as summer commenced but the metro Denver real estate market cooled a bit: Fewer homes closed. More homes were available for purchase. It’s true. The number of homes changing hands during June stood at 5,906, which is a 7.07% drop from the 6,335 that closed in June of 2015. …
What do consumers want from their real estate agent? What services do good agents provide that are under-utilized by consumers? In metro Denver, we don’t have to go far to find an expert on the subject. Steve Murray, President of Real Trends, Inc., is a nationally renowned expert on the residential real estate business and he is headquartered right here …
It was a bluebird day in Franktown and spirits were high. Over 400 people came to Ponies with a Purpose to support Promise Ranch Therapeutic Riding, a non-profit organization offering hippotherapy and therapeutic riding lessons to people with special needs. The Breakfast Club band rocked the barn, kids happily played carnival games and adults enjoyed ice cold beer. It was …
Rising. Steady. Those two words sum up the metro Denver residential real estate market. The “rising” part is, of course, about home values. A typical single-family home sold for $445,961 in May – a 7.50% increase from May 2015. The average multi-family home was up 13.51% and was just shy of the $300k price tag. The 12-month moving average, which is …