The Metro Denver Luxury Home Blog
The Pandemic’s Effects on Real Estate, Metro Denver Market Report, 11/19/2020
The National Association of REALTORS® just released their annual Profile of Home Buyers and Sellers. It shows how the pandemic is affecting real estate throughout the country. The report breaks down trends before the pandemic
Metro Denver Real Estate Market Update, October 29, 2020
Trends in Metro Denver Home Prices How Long It Takes to Sell a Home Prices Per Square Foot Showings Until Pending Active Listings New Listings Closings 18% fewer properties came on the market this week
What Remodeling Projects Pay off the Most?
Clients ask us all the time which projects are worth doing before they sell a home and which won’t pay off. We usually say that if you’ll live in the house for a while and
Metro Denver Real Estate Market Update, October 9, 2020
Last month was the most difficult month ever to buy a home in Metro Denver. Low interest rates and a desire for more space propelled buyers into the market. Record low inventory, stricter lending standards
Are residents fleeing Denver?
There’s been a lot of talk about urban real estate lately and whether people are moving out of city centers around the country to flock to the suburbs. For some people, this is definitely true.
Metro Denver Real Estate Market Update, August 27, 2020
Every home in America just got a flood-risk score. Your home – and any home you may purchase – has an easy-to-access “Flood Factor” score that “is an indicator of its comprehensive flood risk” and shows
Metro Denver Real Estate Market Update, August 20, 2020
There are more buyers than homes available and buyers are competing to purchase homes. Multiple-offer situations can be frustrating. Being prepared, having a strategy and being patient and open to change can help. Every buyer
Metro Denver Real Estate Market Update, August 13, 2020
From July 2019 to July 2020 the number of active listings – all homes for sale in the metro area, including townhomes, condos and single-family homes – decreased 41.5%. That lack of inventory was a
Metro Denver Real Estate Market Update, August 6, 2020
There still aren’t enough homes for sale in Metro Denver to satisfy buyer demand. Statistics for July indicate scarcity of choice was one reason detached homes sold at a record average price last month – $601,863.
Metro Denver Real Estate Market Update, July 23, 2020
Last week, we mentioned that some analysts believe home prices will decrease in the metro area by next May. Even if prices do decrease, it may make sense to buy a home now rather than
Metro Denver Real Estate Market Update, July 16, 2020
California’s CoreLogic, a data and analytics company, just released their Home Price Insights report, designed to predict what will happen with housing between now and May 2021. The report predicts home prices will decrease 6.6% from May
Metro Denver Real Estate Market Update, July 9, 2020
June numbers are out. As the economy opened, a combination of low interest rates, pent up demand and low inventory led to more homes being under contract than came on the market. 7,676 homes went