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No matter where you are or where you want to be, help is here! The content is provided via posts, which I publish on a regular basis. They are broken out by topic in case you want to dig into a particular area. At the bottom of the page, you can read through the most recent posts across all topics.

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If there is a topic you would like to see or would like me to cover more thoroughly, let’s connect and I will happily walk you through it. It may even turn into my next post!

most recent posts

Denver Metro Market Recap July 2022

An indicator of a balancing market, homes closed on average $5,552 over list price, an 88% drop from the high mark of $47,560 in April. Available inventory continues to climb and is up 81% over last year as only 36% of available homes went under contract in July. Average days on market jumped from 10 to 13 days as sellers adjust to a new pricing strategy and buyers are proving to be more patient.

Denver Metro Market Recap June 2022

While only a slight uptick in average close price overall, attached homes set an all-time high with an average just over $504k. Available inventory jumped nearly 66% (and is up 94% over last year), boosting supply over 1 month (to 1.12) for the first time in 2 years. Despite higher interest rates, more supply will mean better opportunities for buyers with homes on the market longer leading to lower sales prices.

Denver Metro Market Recap May 2022

In a sign that the market may be moving toward some normalization, both average & median sales price were down slightly over last month. Available inventory continued its steady & slow climb, with 10% more homes available to buyers over April. All segments remain competitive with a 105% close-to-list-price ratio; the luxury segment was most competitive at 107% (closing $101k over list).

Denver Metro Market Recap April 2022

Inventory continues to climb with the warmer weather as April ended with 44% more available listings than we saw at the end of March. Whilst most homes went under contract after 4 days, the overall average is 8 days, 3 days less than the March average & a full week less than February. The average sales price was up another $25k to $727k for all homes sold, yet the condo/MF segment remained flat at $495k (worth watching!).

The Cost of Waiting – A Closer Look at the Denver Metro Premier Market ($500,000 to $749,000)

The Denver real estate market heats up with the local weather, and kick-off is right after the Super Bowl. This year was no different for the Premier Market, with 1,887 homes closing in March and another 2,442 new homes being listed, up 28.98 percent and 42.56 percent over last month, respectively. For the year, inventory in this segment is now ahead of last year’s pace by 30.01 percent, another good sign as we head into peak season.

Denver Metro Market Recap March 2022

With Spring comes an influx of homes on the market – new listings were up 44% in March, month-end available inventory was up 81%. Still a strong seller’s market, most homes went under contract after the first weekend and closed on average $43k over list price. Average sales price in Denver Metro surged above $700k for the month, driven in part by a 69% increase in homes sold over $750k.

Denver Metro Market Recap February 2022

New listings and closings were both up slightly from last month, but down for the year overall when compared to this time last year. The 104.75% close-to-list price ratio was an all time high, and correlates to homes closing in February nearly $30k over list price. While interest rates have increased more rapidly than projected this year, the conflict in Ukraine is expected to lower them, at least in the short term.

Denver Metro Market Recap January 2022

New listings were up 31% over the previous month, but still much lower than the 70% increase we normally see from Dec to Jan. While sale prices were seasonally lower, buyer competition remained high, with homes closing on average $12.5k over list price (up $3k from Dec). Increased interest rates are lowering buying power, but with expected appreciation, that $500k home now may cost you north of $550k if you wait a year.

Why Annual Home Reviews Matter

Annual home reviews matter. A home requires constant upkeep and care to maintain. As you look to make improvements, it helps to know the value of the updates you are making. Plus, having a pulse on your home’s value, will let you keep up your insurance coverage and potentially unlock opportunities through your equity. It can also save you money in the long run!

Reading the Real Estate Market in Denver Metro

When evaluating the current Denver Metro real estate market, it is important to look beyond what you hear and even more important to be able to interpret what is happening. By watching and analyzing a few key metrics, you can navigate this market with confidence.

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