March 2020 Market Update

Good News!  Buying your next home just got cheaper!!???  Investors are looking for safety with the news of the corona virus and have fled for safer ground  of treasury bills.  The result a sharp improvement for mortgage rates!!. 

Rates are in the 3% rate…With that being said here is my Denver Metro area market update. In the last 30 days there have been 2,229 new homes listed for sale and just over 1,934 home sales in the Denver Metro area. So not many people listing we are back down to  1 months of inventory available.  The average time homes are currently taking to sell here in the Metro Area is 32 days.  The average sales price is currently $457,896 average for both attached and single family homes.  

I have successfully helped families accomplish their real-estate goals here in the Denver Metro area.  The only way I have been able to accomplish and achieve this level of success is by providing world class service and always putting clients’ needs first. If you are considering selling your home or just curious about your home’s value contact me at 303-762-9848.

August 2018 Market Update

The average sales price for July single-family detached homes came to $504,440 and $343,132  for Condos and Town-homes. In my video, I said that the prices decreased by 5K with the overall average. When I took a second look at this data and split it out by single family and condos I noticed that the drop is mostly coming from the condo market, not the single-family market. It will be interesting to see what this does next month… Stay tuned…