I like to look at my sales for the year every year about this time of year and analyze where my business is coming from.
With Denver's real estate market being ON FIRE for the last six years, it has been tough on buyers finding the right home in some cases. Some have given up, and renewed their lease, which is so hard to swallow!
Sellers have decided to cash out with lots of equity and move to another location selling for less, and most paid cash for their homes in other states.
.063% was from a divorce
.312% were from Sellers moving out of State, or out of the country
.375% were investors selling/buying investment properties
.1875% were repeat clients
.063% was a first time buyer
Plus, interestingly, over 30% were paid with CASH versus obtaining a loan.
Business has been good this year, but a bit down from last year, so wondering if our crazy market is starting to cool off, or if it is just the normal seasonal slowing this summer. We shall see once Labor Day passes. The market usually picks back up right after this Holiday, but still not as frenzied as earlier in the year.
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