denver home sellers: METRO DENVER REAL ESTATE MARKET UPDATE JANUARY 2014 - 02/03/14 08:31 AM



Overview
Here is our latest Denver Real Estate Market Update with Year-End Totals.
The Market continues with one general theme:  Demand is stronger than Supply!  Inventory continues to be our biggest issue, as good homes are getting gobbled up by Buyers very quickly!
The Seller market got very sleepy in the 4th Quarter of 2013.  Sellers almost disappeared from listing their homes in the last 3 months of 2013!  That means we are due for a resurgent Seller market, and when that happens activity should increase dramatically.
Market Metrics:
By the numbers, the inventory of available homes for … (3 comments)

denver home sellers: Denver Among The Top 5 Sellers Markets in the U.S. - 06/14/13 01:32 AM

The Denver housing market is well into its recovery phase after the housing burst we saw a few years back.  The changing housing market has many sellers asking themselves if now is the time to sell their homes. The answer if you live in Denver is yes.  Housing market conditions are different in every region of the country, and right now in Denver it is the time to sell.  A recent report created using data from realtor.com’s site showed the top 5 seller markets in the country and Denver came in 4th.

Homes here in the mile-high city are selling quickly … (0 comments)

denver home sellers: May Denver Home-Maintenance Checklist - 05/17/13 02:34 AM
We are well into the month of May and you may be wondering what you can do to maintain your Denver home now that the weather is starting to warm. Did you know that the sun’s ultraviolet rays can be lethal to many of the harmful bacteria that may be living in your home?  Use this month to get your home ready for summer by following these tips.
Tender loving care to your cooling system
With the rapidly changing temperatures, you may not be prepared for that one warm day that pops up on us and you need to turn your … (0 comments)

denver home sellers: METRO DENVER REAL ESTATE MARKET UPDATE MARCH 2013 - 03/28/13 02:44 AM

 
Overview
The Denver Real Estate Market is going into new territory with data we haven’t seen since 1985!  As you may know, we seem to be in a full Seller’s Market in most price ranges as inventory has continued to shrink.  Two reasons for the inventory issue: First, many sellers are still waiting for prices to get to a point where they have enough equity to consider selling again and can afford to buy another home.  Second, we have a unique time in the market where more homes went under contract in February than were newly listed!  Thus, our … (2 comments)

denver home sellers: 5 Things that Should Never Go Down the Drain in Your Denver Home - 02/24/13 02:00 AM
 
Owning a home is a big responsibility and properly maintaining your Denver home can save you a tremendous amount of money.  What goes down the drain in our homes and down the storm drain all take a toll on contaminating our water supply. Here are five things you should not put down your drain to keep your drains in their best working order and to reduce pollution.
1. Grease
After cooking a meal it may be tempting to throw the remaining grease down the drain, but you should never do this. Not only will this potentially back up your drains … (3 comments)

denver home sellers: 4 Home-Buying Nightmares You Can Help Prevent - 02/17/13 05:28 AM
 
I thought this post by Tara-Nicholle Nelson for Trulia had some good tips and wanted to pass them along. -mb.
If you’re a film fan, you might have noticed a theme that I just discovered recently in movies that star movie star extraordinaire Denzel Washington. He tends to play roles at one extreme of the villain-hero spectrum or the other.
But when he’s on the hero end, he often uses his smarts and expertise to do things no other mere mortal could do, despite his personality flaws, addictions and lack of any superhuman powers:
In Man on Fire, he rescues … (2 comments)

denver home sellers: METRO DENVER REAL ESTATE MARKET UPDATE JANUARY 2013 - 01/24/13 10:31 PM
 

 
METRO DENVER REAL ESTATE MARKET UPDATE
JANUARY 2013

 
Denver Real Estate Market Metrics:
 
By the numbers, the inventory of available homes for sale in Denver was 7,706 homes at December month end; 2,684 homes came onto the market, 3,090 homes were placed under contract, and 3,400 homes closed for a closed dollar volume of $986 Million.  It is now 2013 and the home buyer demand seen throughout 2012 continues into 2013. But buyers are having a tough time finding good quality homes to purchase. This is causing prices to rise.  Median home prices were up … (0 comments)

denver home sellers: New Phone App Gives Info on Denver Neighborhoods - 01/18/13 04:07 AM
 
When searching for a new home many times you will find yourself researching a particular Denver neighborhood to see if it is the right fit for your family. A Washington D.C based company called Sunlight Foundation has recently launched an app called Sitegeist that will help you in your Denver home search.
The 'Sitegeist' app puts neighborhood demographics right in your hands. The search for that perfect neighborhood to call home could not be easier.  The app was original designed to help small builders, and infill developers, but it has turned into a great tool for home buyers who want … (1 comments)

denver home sellers: Denver Home Sellers: Beware The Desperate Buyer - 08/12/12 09:47 AM
The Denver housing market, like many in the country, is coming around with a vengeance. As some predicted, there are suddenly lots of people wanting to buy but still not a whole lot of available homes for sale.
This classic case of demand exceeding supply has many Denver home buyers making desperate moves to ensure that they get the home they want. Unfortunately, these actions generally end up creating more problems for both the buyer and the seller.
If you're planning to sell your Denver home, here are some scenarios that will start off looking great but could possibly leave you … (0 comments)

denver home sellers: METRO DENVER REAL ESTATE MARKET UPDATE - JULY 2012 - 07/18/12 01:26 AM

 
Market Overview:
 
Wow! What a first half to the year! Inventory has gone up a little to just over 9,000 Single Family Homes. With one month remaining in the prime home selling/home buying season, June’s Monthly and Year-To-Date real estate statistics for the Denver area show the continuing trend of historically low inventory of available homes, high buyer demand, low mortgage interest rates, and increased due diligence needed to complete a mortgage loan.  Denver continues to be one of the strongest home sales markets in the country.  Median prices have now increased for five months in a row!  … (0 comments)

denver home sellers: An Almost No-Work Garden For Your Denver Home - 07/16/12 12:35 PM
If you love gardens but aren't terribly fond of gardening, xeriscaping could be your answer. Xeriscaping goes by several other names including smart-scaping and native-plant landscaping, but whatever name you use it will save you time and money on the landscaping around your Denver home and dramatically lower your water bills.
 
This gardening technique uses plant species that are native to the existing environment and so don't require a whole lot of watering or much care in general.
 
For folks considering xeriscaping on their Denver property, here are some things to keep in mind.
Use native plant species. Ask … (2 comments)

denver home sellers: METRO DENVER REAL ESTATE MARKET UPDATE - APRIL 2012 - 04/26/12 01:20 PM

 
The Market is Shifting
 
Buyers are coming out of the woodwork looking for homes, but not finding much to choose from, especially in the under $300,000 price range.  We are counseling buyers in this price range to be ready to jump quickly on any house that comes on the market that meets their criteria.  That means being pre-approved for a loan, have earnest money ready, and being ready to make a quick decision.  This price range is no longer a buyers’ market; it is a sellers’ market, with many properties getting multiple offers within days of being … (0 comments)

denver home sellers: Bidding Wars Mean Good Things for Denver Housing Market - 04/06/12 10:01 AM
Attention anyone who’s currently hunting for a Denver home. The buyer’s market is on its way out, home prices are starting to rise, and you might just find yourself in a bidding war for the house you’ve chosen.
 
The last time bidding wars were common was back in 2006; then the buyer’s market took hold and most Denver home sellers had to settle for whatever they were offered, including lowball bids. But real estate markets in places like Denver, Seattle, Boston, and Washington DC are reporting that bidding wars have begun to happen again, especially in the lower price ranges.
(2 comments)

denver home sellers: METRO DENVER REAL ESTATE MARKET UPDATE - MARCH, 2012 - 03/21/12 11:46 AM

 
Well, the word on the street continues to be “Inventory, Inventory, Inventory!” Very few times in history have we seen our inventory drop to these kinds of levels without a major shift occurring in our marketplace!  The Pendulum is now starting to swing back in the favor of sellers. The first signs of a recovery are a lack of inventory, demand outpacing supply, and upward pressure on prices!  As you will see in the attached data, inventory is down approximately 40%, while sales numbers are up modestly about 12% year over year. Average Prices, however, are almost flat, which … (2 comments)

denver home sellers: More Denver Renters a Good Sign for Denver Homeowners - 03/02/12 12:31 PM
A recent study by TransUnion LLC, a credit information-management service, offers yet more proof that people want to live in the metro Denver area.
 
According to the study, average rental charges for apartments in Denver have increased more than 10 percent in the past year, which would indicate that Denver’s economy is strong enough to be drawing in new residents.
 
At a time when U.S. vacancy rates for rentals were at their lowest in ten years, Denver’s average rents went from $777 in Q4 2010 to $857 in Q4 2011. Average national rents went from $831 to $820 for … (2 comments)

denver home sellers: Positive Labor Market Good for Denver Buyers - 02/07/12 02:29 PM
If you’re a current Denver homeowner looking to refinance or a potential Denver home buyer, the labor market has just given you something to smile about.
 
The recent Jobs Report confirmed that job numbers have gone up and the unemployment rate has gone down. More than 257,000 private-sector jobs have been created since the previous Jobs Report, and the Unemployment Rate has dropped by 0.2 percent landing at 8.3 percent—the lowest rate since February 2009.
 
And according to the Commerce Department, December personal incomes jumped up 0.5 percent, which was higher than expected and a vast improvement over … (0 comments)

denver home sellers: Investors Tout Denver Real Estate Market for 2012 - 01/28/12 02:59 PM
If you’re looking for a great place to buy or invest in real estate, head straight to Denver, Colorado says Greg Rand, CEO of OWNAMERICA. Appearing recently on the FOX Business Channel, Rand discussed all the things that make Denver the choice of both real estate owners and investors for 2012 and beyond.
 
Living in Denver offers a quality of life that is drawing people in droves from the northeast, southeast and California to name a few. It has a low cost of living and a high quality of life that includes fresh air, outdoor sports, and a stable, young … (2 comments)

denver home sellers: Events of 2011 Impact Denver Homeowners - 01/07/12 03:48 AM
Many people were happy to close the books on 2011. But while the year is gone, its impacts on the housing market will continue well into 2012 and possibly longer. Here is a recap of five 2011 events that homeowners in Denver and across the country will need to keep an eye on.
 
Robo-Signing Reverberations – In 2010, some banks were accused of approving foreclosures without proper or complete documentation. In 2011, potential lawsuits made banks slow or stop their foreclosure processes, leaving affected homeowners hanging in limbo. It’s expected that settlements will begin in 2012, with a potentially large … (1 comments)

denver home sellers: DENVER REAL ESTATE MARKET UPDATE - DECEMBER 2011 - 12/28/11 04:23 AM

 
Market Metrics:
 
The inventory of active listings at November month end hit a new low at 12,634 units, a decline of 11% month over month and 37% year over year.  Buyer demand continues steady at a seasonally adjusted rate for the holiday season.  Declining supply and steady demand could indicate that we are poised for firming prices in the next six months.
 

 
Monthly Market Recap:
 
Average Price versus Median Price:
By definition, Average price is derived by adding all of the individual home sales prices to get a total sales volume ($) for the … (0 comments)

denver home sellers: House Flippers Impacted Current Denver Home Prices - 12/21/11 11:55 PM
If you thought you knew all the reasons why your Denver home has lost value, think again. As the Government continues to investigate the recent housing crisis, they have discovered something rather interesting. A report by the Federal Reserve Bank of New York shows that speculative real estate investors, commonly known as “house flippers,” may have had a larger impact than first thought in the housing bubble that helped create our current economic mess.
 
When down payments were low, house flippers used subprime credit and relaxed lending requirements to purchase multiple properties in Denver and throughout the country. More than … (4 comments)

 
Marianne Bandy, CRS, GRI, Certified Negotiation Expert (The Bandy Team - EXP Realty) Rainmaker large

Marianne Bandy

CRS, GRI, Certified Negotiation Expert

Parker, CO

More about me…

The Bandy Team - EXP Realty

Address: Keller Williams Park Meadows, 10375 Park Meadows Dr. #101, Lone Tree, CO, 80124

Office: (720) 870-0862

Mobile: (303) 746-7799

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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 on each property, photos of Denver properties.


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