Join us this February for our annual Spread the Love Event in support of an amazing local non-profit organization, Open Arms Food Bank!
Colorado Real Estate in 2023
In this annual article, we are going to dive into the unprecedented last 3 years of Colorado real estate. Our goal is to help clients understand the market conditions today and provide clarity to 2023 real estate projections.
Save Money with Energy Efficiency
Good news on the energy efficiency front related to residential real estate: homes have become much more energy efficient! In 1978, all residential properties consumed 10.58 quadrillion Btu. In 2005, the number stood at 10.55 quadrillion Btu. That may not seem like any progress at all until you realize that during that time frame: The average square footage of a house increased by 32%. …
MAY 2022 DENVER MARKET STATS
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
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
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 …
FEBRUARY 2022 DENVER MARKET STATS
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
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
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, …
Understanding Your Title Commitment
What is Title Insurance? Title insurance is a unique form of insurance because it protects you against ownership claims against your property. A Title insurance policy provides protection to you and your heirs for as long as you own your house. Unlike other types of insurance, title insurance protects you from events that happened in the past. How does title …
Earnest Money
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 …