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 a property’s “likelihood of flooding and the potential depth of that flood.” FEMA flood maps can be unreliable predictors of future flooding and […]
Metro Denver Real Estate Market Update, August 27, 2020 Read More »
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 should be pre-approved for a loan. Pre-approval is conditional approval for a loan and requires that you complete a mortgage
Metro Denver Real Estate Market Update, August 20, 2020 Read More »
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 major factor in rising home prices. 20.3% more homes sold this July compared to July 2019 while the median price
Metro Denver Real Estate Market Update, August 13, 2020 Read More »
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. This is nearly ten percent higher than a year ago (9.92% to be precise) and up 7.68% compared to June.
Metro Denver Real Estate Market Update, August 6, 2020 Read More »