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April 2020 Market Trends Report

Homes remain important to our lives, now more than ever. Our homes are our safe haven. They serve as classrooms for our children and offices for our businesses. People continue to get married, have babies, relocate for employment, and downsize. The real estate market will shift as does our new norm. We are implementing new ways for buyers to buy and sellers to sell. Safety is our top priority, but we understand that there are situations where buyers and seller need to come together. We are all working diligently to make that happen.

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What Qualifies as a ‘Dream Neighborhood’?

What are the 25 top criteria that makes up a “Dream Neighborhood?”

07/25/2019 READ MORE

April 2020 Market Trends Report

Homes remain important to our lives, now more than ever. Our homes are our safe haven. They serve as classrooms for our children and offices for our businesses. People continue to get married, have babies, relocate for employment, and downsize. The real estate market will shift as does our new norm. We are implementing new ways for buyers to buy and sellers to sell. Safety is our top priority, but we understand that there are situations where buyers and seller need to come together. We are all working diligently to make that happen.

04/07/2020 READ MORE

Our Focus on Wellness Brings “Stay-Therapy”

Homeowners have a renewed appreciation for doing activities in or around the house.  Instead of commuting to a medical office there is a growing trend for “stay-therapy”.

03/10/2020 READ MORE

February 2020 Denver Metro Real Estate Market Trends

  • Warm weather and no postseason Broncos games are sure bets to bring out home buyers. January saw an increase of 89.27 percent of new listings from the month prior. We are coming off record low inventory, but that is notable. Buyers like what they saw as 70 more homes went under contract in January than those showed up as new listings. Pricing the home right and making repairs up-front seems to be the key to rewarding those sellers with an average of 15 days on market.
  • Detached average home prices are up 6.86 percent year over year to $543,494. Attached average home prices are down a bit at 0.37 percent year over year. That’s the first January price drop in at least the past four years.
  • In December, 65 percent of closed transactions in the Denver Metro area utilized conventional loans with 12.9 percent being paid for in cash. FHA loans are on the rise and surpassed cash as the second most popular financing type accounting for 15.3 percent up from 13.8 percent a year prior. If you are thinking about selling, check if your property is FHA qualified. If not, you may be missing out on a 55.3 percent of the homebuyer market comprised of millennials who may be utilizing FHA financing as their preferred financing type.

02/28/2020 READ MORE

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