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denver home sales: DENVER REAL ESTATE MARKET UPDATE - JANUARY 2012 - 01/19/12 11:20 AM
Market Metrics:
The name of the game as we enter 2012 is INVENTORY! Take a look at these numbers for 2011, and you will see many categories were very similar to 2010, but the inventory numbers are the first signs of the changing market!
Active Listings inventory continues to decline 13% month over month and 40% year over year. Under Contract activity and Closed Transactions activity remain at seasonal levels with a continual decline month over month. The New Year starts with renewed hope that 2012 will be better than 2011 and the indicators are pointing that … (0 comments)
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denver home sales: Denver Foreclosures Offer Home Buyers Unprecedented Opportunity - 09/12/11 11:20 PM
If you are risk of foreclosure in Denver or even considering buying a distressed property, you might be interested in recent news. According a newly released article by Rismedia, foreclosures are currently taking a record 20 months to complete There are now approximately 4.1 million loans for which a payment has not been made in over 90 days, and are now in foreclosure. 1.9 million loans are 90 days or more delinquent, but have not reached the foreclosure stage. Because foreclosures are talking longer, that means that a house in foreclosure now will not likely experience a new occupant until the … (0 comments)
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denver home sales: DENVER REAL ESTATE MARKET UPDATE - AUGUST 2011 - 08/25/11 04:15 PM
We now are seeing year over year numbers improve substantially as the 2010 stimulus closings are mostly out of the picture. I believe that the Low Inventory is the real story. If you have a Denver home that shows really well and is priced correctly, there is a buyer out there for it! I have found that some of the bank owned homes now show better than many of the normal re-sales. The banks are starting to get it, and are making their homes show well.
July was the second month in 2011 which resulted in at least … (0 comments)
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denver home sales: Provide Access to Help Sell Your Denver Home - 08/12/11 10:14 AM
Once you have your home priced right and showing like a model home, one of the best things you can do to help sell your Denver home is to make sure it’s accessible for showings. You want to make sure that showing agents have the ability to show your home whenever it is convenient for prospective buyers. Sometimes there are valid reasons why you may restrict the hours your home is open, such as someone who is sleeping during the day, but otherwise the showing agents should have access when buyers are available. If you limit the times when your home … (0 comments)
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denver home sales: Is Relo Rebounding in Denver? Denver Relocations Picking Up - 08/04/11 02:03 PM
The gap between talent and available jobs has caused firms across the country to get a bit more competitive. A recent RIS media article penned by Steve Cook seems to indicate an uptick. According to the article, up to 50% of recruiters and hiring managers have started to reach outside their local market to find the right talent.
Steve quotes a new national survey by Dice Holdings, Inc., a company that specializes in career websites, which “found that slightly more than half (51 percent) of employers and recruiters anticipate hiring more professionals in the second half of 2011 than in … (0 comments)
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denver home sales: What the Housing Report Means for Denver Homeowners - 07/30/11 12:08 AM
I wrote last month about a report that should be of interest to Denver homeowners - the Standard & Poor’s Case-Shiller Home Price Index for 20 large cities. This monthly report is compiled by comparing matched-price pairs for thousands of single-family homes in 20 major U.S. cities. There is hopeful news in the most recent report for Denver homeowners.
Although the most recent report shows that Denver home prices posted a year-over-year decline in May for the eleventh consecutive month, it also shows that they rose from the previous month for a second straight month. Also, the Denver average home … (2 comments)
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denver home sales: Gen Y Could Be Great for Denver Home Sellers - 07/27/11 11:56 PM
If you’re wondering where the demand for the next wave of homebuyers will come from, look no further than “Generation Y.” Economists at the University of Southern California Lusk Center for Real Estate are reporting that “Gen Y” will drive the housing market recovery over the next ten years. This group is also known as the Millennial Generation (or Millennials).
This large, well-educated group of 15-32 year olds may seem young now, but they’re quickly up and coming. There are now almost as many “Gen Yers” as there are Baby Boomers. In the metro Denver area, the Census Bureau estimates there … (3 comments)
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denver home sales: Singles Could Represent a Big Slice of Denver Home Buyer Pie - 07/16/11 02:10 PM
Many people think home ownership is primarily for couples or families, but the National Association of Realtors recently reported that singles have become a major force in the real estate market. Their research showed that last year unmarried women made up 20% of all home buyers, and single men accounted for 12% - a total of 32% of homebuyers that were single! When it comes to single women, the Joint Center for Housing Studies says their main reasons for buying homes are to relocate closer to a job or family, to get more space, and to be able to nest in … (6 comments)
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denver home sales: Pending Home Sales Up in Denver and Everywhere - 07/09/11 02:22 PM
Indicators are pointing to higher housing activity in the second half of this year. According to the National Association of Realtors (NAR), pending home sales rose strongly in May with all regions experiencing gains from a year ago. This is the first time since April 2010 that contract activity was above year-ago levels, and the monthly gain was the strongest increase since last November. NAR economists believe this signals stabilization in home values.
The index for the western region of the U.S., which includes Colorado, surged 12.9 percent from April and is 13.5 percent above May 2010. The Pending Home Sales … (5 comments)
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denver home sales: Seven Reasons Why Your Denver House Won't Sell - 06/28/11 09:40 PM
The public's perception, true or not, is that this is a total Buyer's Market. If you're even thinking of listing your property "just to see what happens," forget it! If you're not serious, well prepared for the market, bargain priced and if you haven't hired an agent that "markets like a monster" on the internet, don't bother. Homes are selling and Buyers are buying, but this is a serious game. To be a serious, committed player, check out the tips below.
1. Your property won't sell because your photos are "less than impressive."
The vast majority of home buyers start … (0 comments)
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denver home sales: Home Insurance Advice for Denver Homeowners - Do You Have Enough? - 06/05/11 02:48 PM
Fortunately for Denver homeowners, our area has not been struck lately by natural disasters like so many other parts of the country. We haven't had to find out the hard way whether we have sufficient insurance coverage on our homes. Unfortunately, many victims of floods, tornadoes and wildfires are learning very difficult lessons about what it means to have enough homeowner's insurance coverage.
Homeowners insurance is a critical piece of your protection plan. Even if your mortgage has been paid off, you should still have insurance to protect yourself from loss. Coverage typically includes loss of use or damage to the … (0 comments)
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denver home sales: DENVER REAL ESTATE MARKET UPDATE - APRIL 2011 - 05/27/11 07:26 PM
The April 2011 month end inventory of unsold homes was at 19,553 units, up 1% from last month and down 9% from April, 2010. The inventory of unsold homes will continue to increase in the coming months. Now is a great time for prospective sellers to discuss listing their home as Denver is in the prime selling/buying season.
4,749 units were placed under contract in April, up 33% from March and down 28% from April, 2010. Please note that in April 2010, the First Time Home Buyer Tax Credit effectively expired. As such, the April, 2010 market saw buyers create … (0 comments)
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denver home sales: Denver Home Sellers Can Attract First-Time Buyers with Move-In Ready Homes - 05/20/11 08:37 PM
If you want to get an extra advantage when it comes to selling your Denver home, then be sure to pay close attention to a recent survey by a major national real estate broker. The company found that 87% of first-time home buyers want a home that is move-in ready. I know it may be hard to envision the benefit of investing time and money in a home you're about to leave, but I've seen many homeowners who were able to justify their asking price and sometimes even more with some timely updates.
As with any home sale, you'll want to … (0 comments)
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denver home sales: Denver Poised to Recover First from Real Estate Slump - 06/03/09 09:30 PM
If you scan the real estate headlines about the Denver housing market, it's confusing enough to make you want to stay glued to ESPN. You hear it's a buyer's market. The clues are that prices have been dropping and there are plenty of homes to choose from. After all, the lower the prices, the better deal you'll get. But we're now seeing prices start to firm up, especially in the lower priced entry level segment. We're even seeing multiple offers on many of these homes. The word is out - now is the time to buy if at all possible.
Just … (4 comments)
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denver home sales: An Energy-Efficient Gift from Your Uncle Sam - 03/27/09 10:09 AM
Even if you aren't thinking of refinancing or modifying your mortgage under the President's new housing plan, you can still get some cash from Uncle Sam. You can qualify for a tax credit by making your home more energy efficient or converting your home power supplies to renewable forms of energy. These include wind, solar, geothermal (from the earth), or fuel-cell technology.
How can you take advantage of the tax credit and make your home more energy efficient at the same time? You can receive up to $1,500 in credits for adding or replacing windows, doors, roof insulation, heating and cooling … (0 comments)
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Marianne Bandy, CRS, CDPE, GRI
Parker,
CO
More about me…
Denver Homes - The Bandy Team - RE/MAX Pros
Address: 9200 E. Panorama Cir. , Suite 140, (near SW corner of I-25 & Dry Creek Rd.), Englewood, CO, 80112
Office Phone: (303) 746-7799
Cell Phone: (303) 746-7799
Email Me
News and information related to living in Douglas County and Parker, Colorado. Go to our website at http://www.BandyHomes.com to search all homes and real estate for sale in Parker and the entire Denver metro area. Save your searches & favorite properties, make notes, get email alerts of new Denver listings matching your criteria. Virtual tours, mapping, multiple photos of Denver properties.
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