denver home selling: METRO DENVER REAL ESTATE MARKET UPDATE - MAY 2012 - 05/28/12 11:57 AM

 
Wow! What a spring we are having! The Market continues to give signs of hope and prosperity!  We are still amazed at the lack of inventory as Single Family Homes stayed at  8,353 number of units currently active, and Condo’s/Townhomes at 1,901.  This is a very unique time in the Metro Denver Real Estate Market, as we see unbelievably low inventory and the number of under contracts and closings continues to rise!  Price pressure continues to build and we are already seeing median price increase s versus a year ago of 5% for SF homes and 7% for townhomes … (2 comments)

denver home selling: Stealth Tactics for Buying a Denver Home - 05/03/12 01:09 AM
If you’re hunting for real estate in Denver, you may need to consider a new tactic: stealth. In markets where available homes have dwindled or listings come and go quickly, some home buyers are skipping the MLS and working behind the scenes with agents and/or directly with sellers.
This is particularly true in Denver, which is second in the country for the shortest time on the market for home listings. Homes in Denver are on the market for a mere 33 days, well below the 89-day national median. There are just too few homes in the area to meet the … (0 comments)

denver home selling: METRO DENVER REAL ESTATE MARKET UPDATE - FEBRUARY 2012 - 02/27/12 10:31 AM

 
Are We Witnessing the Bottom of the Denver Real Estate Market?
 
Wow, we are seeing some definite momentum to begin this new year of 2012!  Typically January’s activity is lower than December as far as numbers of closings go. But this January’s closings compared with January 2011 showed an increase of 16%!  The big story continues to be the lack of inventory, and buyers are still being picky on their selections.
Interest Rates are still at historically low levels and will be through the first half of 2012. Prices for single family homes priced below $250,000 have risen … (0 comments)

denver home selling: Clutter's Effect on Denver Home Values - 01/13/12 01:19 PM
Chances are good that potential home buyers have viewed a lot of properties in Denver. They’ve seen nice paint, great hardwood floors—and clutter. How they feel about that clutter will depend on why they want a home.
 
Buyers hunting for a bargain or looking for a resale investment might find the clutter exciting. Cluttered homes don’t “show well” in most cases, so the buyer might be able to pick up the property with a below-value offer.
 
It’s the same for buyers trying to find their first Denver home. Clutter makes a statement that this property could be purchased for … (3 comments)

denver home selling: Will the S&P Downgrade Affect Interest Rates for Denver Homebuyers? - 08/18/11 05:05 AM
You may have heard or seen the news that Standard & Poor recently downgraded the United States’ credit rating for the first time in history. There has been a great deal of talk about how this will affect the country, but will it have any effect on people who are thinking about buying or selling a Denver home?
You can watch this video with Lawrence Yun, Chief Economist with the National Association of REALTORS® for more information, but what this basically means is that the cost of borrowing money is going to increase. It’s not clear when this could begin happening, … (0 comments)

denver home selling: Great RE/MAX News for Denver Homebuyers and Homesellers - 08/15/11 07:25 AM
The customers have spoken!  I'm pleased to announce that buyers and sellers now realize what we have always known…RE/MAX agents are the ones that consumers trust most when it comes to navigating a sometimes challenging real estate market. In the 2011 J.D. Power and Associates Home Buyer/Seller Study released recently, buyers and sellers award RE/MAX the highest rankings in customer satisfaction. I’m also happy to share this video with you from RE/MAX CEO Margaret Kelly as she talks about the study’s results.
 
The study uses three factors to measure overall satisfaction in the home-buying experience: agent/salesperson, office, and variety of … (0 comments)

denver home selling: Denver Real Estate Market Update - July 2011 - 07/25/11 02:26 PM

Market metrics (based on June data):
In June, 4,080 units closed at an average price of $266,493 which resulted in $1.08 Billion of closed dollar volume.  This is the first month in 2011 where the closings exceeded $1.0 Billion.  On a Year-to-Date basis, 18,835 units closed at an average price of $254,151 which resulted in $4.8 Billion of closed dollar volume.

Monthly Market Recap:
*Note: Absorption Rate is also known as Month’s Supply of Inventory and represents the number of months that would be needed to deplete the current active listings inventory at the current sales rate.
Remember: Real … (2 comments)

denver home selling: Top ROI Remodeling Projects for Denver Homeowners - 07/21/11 03:15 PM
Here’s a great tool for Denver homeowners who may be considering remodeling projects. Remodeling Magazine’s latest Cost Versus Value Report 2010-2011 will help you determine how much of the cost of that project you’re considering you’ll be able to recoup when you sell your home. Some projects return a better value than others, so it’s a good idea to consult this list before deciding where to spend your hard-earned money. Even if you don’t have a lot of money to invest, some carefully targeted improvements can still add to the value of your home.
Topping the list are items that come … (0 comments)

denver home selling: Foreclosure Power of Homeowners’ Associations May Surprise Denver Homeowners - 07/14/11 10:17 AM
A condominium complex or patio home neighborhood can offer many advantages, but one component of living in this type of area is that everyone is subject to the rules of the homeowners' association (HOA). One in five homeowners is now involved with an HOA, with more association communities opening every month.  The association has financial responsibility for many issues which could include insurance, maintenance and repairs. To cover these costs, each homeowner pays monthly dues, usually between $400 and $500. Sometimes there is also a special assessment for major repairs. When some members of the association don't pay these fees, everyone … (0 comments)

denver home selling: Forbes Survey Confirms Denver is a Great Place for Business and Careers - 07/06/11 03:14 PM
Most of us who live here already know about and appreciate the many benefits of living and working in Denver, Colorado. But a recent survey of the "Best Places for Business & Careers" by Forbes magazine helped spread the news to the rest of the world. The magazine recommended that those looking for opportunity should "Go West, young man," Indiana newspaper writer John Soule's 1851 advice, which would later be popularized by Horace Greeley and serve as the mantra to head west, particularly to Colorado, which landed two cities in the listing's Top 10.
The survey looked at the 200 largest … (2 comments)

denver home selling: Tips for Denver Homeowners on How to Repair Wood Floors and Erase Ugly Scratches - 06/25/11 05:15 AM
Here's a helpful article I found at HouseLogic.com. It was written by Jane Hoback and published January 14, 2011. I think it provides some great inexpensive tips Denver homeowners can use to keep the wood floors of their homes in top resale condition, so I'm reprinting it here for you to enjoy!
Repair wood floors and scratches that make rooms look worn out. We'll show you easy ways to put the luster back into your floors.
Dogs chase kids, pans drop, chairs scrape, and soon you must repair wood floors and erase scratches that make a mess of your red oak … (0 comments)

denver home selling: Denver Homeowners Ask, "What's In a Name?" - 05/26/11 02:22 PM
Well, it wasn't actually Denver home owners who first posed this question. Shakespeare himself originally had the star-crossed lover Juliet utter the now-famous words, "What's in a name? That which we call a rose by any other name would smell as sweet." In reflecting upon the differences between the Montague's and Capulet's, Juliet seemed to say that names don't change the nature of the object. But a 2010 article in Psychology Today revealed there might be a deeper connection between what we name something and how that makes us feel about it.  
When it comes to our homes, a recent … (0 comments)

denver home selling: Home Foreclosures Down in Colorado - Good News for Denver Homeowners - 05/12/11 06:45 AM
As a Denver homeowner, you may have seen The Denver Post article which reported that foreclosures in Colorado recently hit their lowest level in more than two years. New foreclosure filings fell to just over 8000 in the first quarter of 2011, which is 27% lower than they were last year at this time. This follows national trends which show that the number of homes repossessed by banks in the first quarter of this year was down six percent from the last quarter of 2010. Either way it's good news and we'll take it.
If you're experiencing financial difficulty and have … (0 comments)

denver home selling: So, How's the Denver Real Estate Market? October, 2010 - 10/22/10 05:35 AM
 
 
“The Sky Is Not Falling, and Real Estate is Still a Good Investment”
The Bandy Team presents seven thoughts to consider why Denver real estate is still a good investment.
Contact us for a detailed analysis of your home.
#1: September 2010 Sold Data for Single Family and Condos is 1% higher than August 2010.
2,958 units sold in September, versus 2,936 in August when typically we would see a historical decline of 2%. 532 condos sold between zero and $250,000 in September, a 9% increase over August. Overall, the number of condos sold in September increased 12.7% over … (1 comments)

denver home selling: So, How’s the Denver Real Estate Market? September, 2010 - 09/24/10 06:41 AM
“The Bandy Team’s Ideas for Building Wealth in the Denver Real Estate Market”

There are three questions that buyers and sellers should ask their Real Estate Professionals before buying or selling a home in today’s Denver real estate marketplace to increase wealth positions.
Consideration #1 - Have Home Prices Hit the Bottom?
Depending upon the price range and location, some prices have risen in 2010.
There were more single family and condo properties sold in August 2010 than July of 2010 – a 2.1% increase. Inventory for single family and condo homes is currently at 24,545 units, the second … (0 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

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 on each property, photos of Denver properties.


Listings

Links

Archives

RSS 2.0 Feed for this blog