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"Updates to the Economic Snapshot of Broomfield / Westminster Areas"

By Dan Hopper

Real Estate Broker/Owner with Dan Hopper - Gold Way RE

August 01, 2013 07:02 AM

"Updates to the Economic Snapshot of Broomfield / Westminster Areas

Westminster, CO - Looking at the Economic Snapshot in the Broomfield / Westminster Areas of Denver Front Range, we see some GREAT changes in values when compared to the same time frame in 2012!!

That is exciting!! We have seen an increase of the interest rates by about 1.25% since Feb '13, as well.

We are noticing a bit of a slow down with that 3 months spurt of activity during the Spring, and that is not unusual. This trend is normal during most years!!

"Do Not Let Interest Rates Impact Your Economic Plans!"

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It is encouraging to see the real estate market change to a "positive" market swing, and NOW is the TIME to seize that opportunity to Buy and Sell!!

Sellers, we need your home on the market, there are Buyers out there searching for homes, due to the lack of inventory!!

CONTACT DAN, NOW!!

Search for Homes in BROOMFIELD under $500,000!

View Broomfield / Westminster Areas! in a larger map

SEARCH FOR HOMES IN THE CITY OF WESTMINSTER UNDER $500,000!!

Thanks for reading this, Dan Hopper.

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Dan Hopper specializes in assisting home owners to avoid Foreclosure in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.
Thank you for reading, "Updates to the Economic Snapshot of Broomfield / Westminster Areas"

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Joe Petrowsky

Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT

Your Mortgage Consultant for Life

All markets will continue to evolve. Yes, interest rates continue to rise, but on the mortgage side, we haven't slowed down at all. Less refinance transactions, but yet the purchase transaction still very strong.

Aug 01, 2013 10:31 PM

Dan Hopper

Dan Hopper - Gold Way RE - Westminster, CO

Colorado Broker / Referral Services

Yes Joe, we have seen less refi's as well in some of our lender's offices, too! We just struggle a bit with less good inventory, and buyers are still shopping for the better homes!

Aug 02, 2013 12:55 AM

Mike Sibbald

Elevations Real Estate, LLC - Fort Collins, CO

Broker/Owner Elevations Real Estate, LLC

Nice post Dan! We are in a similar situation as you are up in Northern Colorado. Have a great weekend, Mike.

Aug 02, 2013 05:41 AM

Thanks Mike, you have a great weekend, as well!!

Aug 02, 2013 06:48 AM

Roy Kelley

Retired - Gaithersburg, MD

Good information for local residents. I hope you are having an outstanding summer.

Aug 03, 2013 01:31 AM

Allen Lomax

Steed Talker Realty is with two hours of Tryon International Equestrian Center and we offer the best properties in th... - Sylva, NC

WNC Mountain Homes & Horse Farms Specialists

Wow! 25% increase in value over last year. That is some improvement. Here in Western North Carolina we have seen an increase in sells but property values are not increase. They remain at a three year low.

I used to live in North Glen. We went to church in Westminster so I know the territory well though I expect it has changed dramatically over the last 25 years.

Aug 03, 2013 01:20 PM

Roy and Allen, the increases have helped us pull some of the negative equity homes into a positive, yet, we still have a shortage of GOOD inventory. Too many sellers are trying to capture the increase with over priced values, and we are seeing price reductions as we did a couple years ago.

Aug 04, 2013 12:43 AM

Jan Chilton

Myrtle Beach, SC

Real Estate Marketing

It's been a good summer everywhere, I think. I hope it stays that way through the winter too!

Nice article, Dan.

Aug 04, 2013 12:44 AM

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

Dan, it has been fun watching the values increase and does seem a bit slower now with school approaching and vacations being taken.

Aug 04, 2013 01:50 AM

Joan, this slow down is always the trend, with summer vacations and NOW with those planning back to school actvities, it will continue until after Labor Day!!

Aug 04, 2013 04:34 AM

Hella Mitschke Rothwell

(831) 626-4000 - Honolulu, HI

Hawaii & California Real Estate Broker

Dan: Your market is right on track with others around the country from what I can see.

Aug 04, 2013 06:23 PM

Hella, we are seeing many markets experiencing what we are! We look forward to it continuing with this trend of activity with sanity in the home values!!

Aug 04, 2013 09:51 PM

Wayne Zuhl

Remax First Realty II - Cranford, NJ

The Last Name You'll Ever Need in Real Estate

Glad you're having a great summer, Dan - low inventory drives prices. We've still got an excess of inventory in some areas, but it's starting to drop.

Aug 05, 2013 09:54 PM

Morning Wayne / Jean, we having noticed in the last 30 days that inventory is starting to hang around longer than what was happening in March-June. I think some brokers and sellers got caught up with the quick changing market and values, they over priced to capitalize on those changes, and NOW we see some price reductions!!

Aug 05, 2013 10:02 PM

George Souto

George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT

Your Connecticut Mortgage Expert

Dan glad to hear things are looking good out there, I hope we will be able to say the same soon.

Aug 06, 2013 10:02 AM

George, with all the activity in May and June, our July ended up as the highest in History for closed transactions, just really crazy. Yet, I have really noticed a slow down since mid-July, so we shall see if the trend continues with closed transactions, or if this was just a spurt for the 2nd Qtr.

Aug 06, 2013 09:42 PM

Christine O'Shea

Christine E O'Shea Broker - Naples, FL

Great economic snapshot of Broomfield Westminister area. Have a great week!

Aug 11, 2013 11:09 AM

Thank you Christine!!

Aug 11, 2013 09:29 PM

"Updates to the Economic Snapshot of Broomfield / Westminster Areas"

"Updates to the Economic Snapshot of Broomfield / Westminster Areas

"Do Not Let Interest Rates Impact Your Economic Plans!"

Comments(18)

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