The Denver real estate market began to sizzle with spring temperatures in February. Inventory was a bit stronger in January, but disappeared in February due to the mass of buyers out looking for homes. We have seen multiple offers with warm temperatures in Denver in the areas with competitive prices. The following data is courtesy of Joan Cox - Metro Brokers - House to Home, Inc.
Denver saw a 2.78% decrease in listings over the prior month, 17.82% increase in under contract homes and -12.21%% decrease in sold property. Sellers are seeing an uptick in showings, and once again, homes are going under contract quickly. Here … (12 comments)
I love this house, it is priced perfectly and we want to write on it right away! It was love at first sight, the buyers got those “warm & fuzzies” upon entry of the home, and left with a glow about them and grins you could not knock off their faces. This home fit their criteria in every aspect and even was priced BELOW market.
This is happening often and we are finding multiple offers have been submitted! Before writing an offer, it is always a good idea to … (23 comments)
Denver’s front page news this week announced Denver is #2 in the nation for the shortest days on market, and enjoying a seller’s market again! The average days on market is only 33 days! Sellers are seeing offers on their homes within a week if priced correctly.
Denver buyer agents are calling listing agents prior to a showing to be sure the home has not gone under contract. Many sellers are seeing multiple offers with a few above list price. The appraisers hopefully will start valuing property accordingly … (14 comments)
denvers housing market: Denver's Housing Market - Fox Business
- 01/12/12 03:12 AM
Fox Business did a spot on Denver’s housing market, and why when people move here, they don’t want to leave! Here are some reasons WHY people move to Denver - ~ Average age is 31 ~ Low unemployment ~ Foreclosure rate is half of the National average ~ People move here for the life style - Mountains, fresh air, outdoor sports ~ Median price is $244,100 ~ Corporate Business Headquarters relocating to Denver The housing inventory is extremely low and buyers are finding multiple offer situations. Investors are happy that the rental rates continue to increase.This was a great piece … (16 comments)
denvers housing market: Denver --- The #1 Rebound City of the US
- 05/26/09 04:06 AM
Denver made the list! On The Today Show 5/19/09, the real estate professional, Barbara Corcoran announced Denver was the NUMBER ONE City in the United States for rebounding in this housing crisis! What fabulous advertising for our beautiful City! The weather, the economy and now the housing is ALL good news -- we are moving forward here in Denver! We still have short sales and foreclosures, but they are decreasing daily. There are neighborhoods actually showing value increases within the Denver Metro area. The days on market have decreased, and are actually getting some multiple offers once again.
;)
;)
;)
