Three big ways the housing market is different now than when it began to decline in 2006 and 2007 and bottomed out in 2012. Lending requirements are more strict now. Lenders have become much more risk-averse, especially during the pandemic. This is good for the housing market and means people aren’t buying homes they won’t be able to afford. […]
Metro Denver Real Estate Market Update – April 8, 2021
With homes appreciating so quickly, many people fear they’ll be priced out of the market and worry they won’t be able to purchase a home. Fortunately, in Colorado, the state has a variety of programs that can help people purchase homes. One fantastic opportunity for buyers is to set up a “First‐time Homebuyer Savings […]
Metro Denver Real Estate Market Update, February 25, 2021
It was just about a year ago that the first case of COVID-19 was discovered in Colorado. What was happening just before the pandemic began? How does it compare it to what’s happening now in each of the seven metro counties? Let’s take a look. Average Prices by County: Boulder Douglas Denver Arapahoe Jefferson Broomfield […]
Metro Denver Real Estate Market Activity, February 18, 2021
During the last week: New Listings – 807 Back On Market – 156 Price Increase – 215 Price Decrease – 195 Pending – 1554 Withdrawn – 84 Closed – 1167 Expired – 106 Previous Week: New Listings – 818 Back On Market – 138 Price Increase – 221 Price Decrease – 222 Pending – 1680 […]
If you’re thinking of selling a home in a market like this, how do you approach pricing?
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 […]
Metro Denver Real Estate Market Update – January 14, 2021
During the last week: New Listings – 688 Back On Market – 110 Price Increase – 239 Price Decrease – 281 Pending – 1407 Withdrawn – 89 Closed – 1042 Expired – 107 Previous Week: New Listings – 380 Back On Market – 112 Price Increase – 180 Price Decrease – 126 Pending – 701 […]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 7, 2021
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 […]
The Principal Team Helps Home Sellers in Metro Denver Save Money
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 Homebuying Process Today
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 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 began and since March, when COVID-19 started to have an impact on our lives. WHERE is the activity? […]
REALTOR® -- A registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. Inquiries regarding the Code of Ethics should be directed to the board in which a REALTOR® holds membership.
