Showings per listing are higher than they’ve been at any point during the past ten years. It’s hard to get in and see homes because we have just a one month supply. In other words, if no new homes came on the market, all the homes for sale now would sell in one month. If […]
If you’re thinking of selling a home in a market like this, how do you approach pricing? Read More »
During the last week: New Listings – 688 Back On Market – 110 Price Increase – 239 Price Decrease – 281 Pending – 1407 Withdrawn – 89 Closed – 1042 Expired – 107 Previous Week: New Listings – 380 Back On Market – 112 Price Increase – 180 Price Decrease – 126 Pending – 701
Metro Denver Real Estate Market Update – January 14, 2021 Read More »
We ended 2020 with a record-low number of homes on the market – just 2,541. The average number of homes for sale at the end of December is 12,941. With such low inventory, the market strongly favors sellers. The average closed price was up 5.44% compared to 2019. Despite the pandemic-induced stand-still in the market during
Metro Denver Real Estate Market Update, January 7, 2021 Read More »
Thinking of selling your home in 2021? Find out how to earn thousands more when you sell with The Principal Team. Text: SELL to: 720-802-6075 and calculate your savings. — *Savings as compared to 6% total commission.
The Principal Team Helps Home Sellers in Metro Denver Save Money Read More »
How do people find and buy homes? This information is useful to sellers and buyers! Most people start online and use a real estate agent to help them find and negotiate a home purchase. Most people use a mortgage to finance the purchase. For 43 percent of recent buyers, the first step that they took
The Homebuying Process Today Read More »
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 began and since March, when COVID-19 started to have an impact on our lives. WHERE is the activity?
The Pandemic’s Effects on Real Estate, Metro Denver Market Report, 11/19/2020 Read More »
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 compared to last week, while pending sales were down 9%. Every home and neighborhood is different and statistics vary by
Metro Denver Real Estate Market Update, October 29, 2020 Read More »
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 an upgrade will make your life easier or more enjoyable, go for it. But if you’re about to sell a
What Remodeling Projects Pay off the Most? Read More »
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 and high home prices made the market extremely competitive. It was difficult for many buyers to get the homes they
Metro Denver Real Estate Market Update, October 9, 2020 Read More »
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. Some homebuyers believe the “work at home” trend is here to stay and they want the type of space only
Are residents fleeing Denver? Read More »