It’s a good time to be a Denver home seller, so say the results of the HomeGain National Home Values Survey for Q1 2012. HomeGain queried over 400 real estate agents/brokers and more than 1700 homeowners, grouping results nationally and by region.
Nationally, 37 percent of Realtors® and 25 percent of homeowners believe home values will increase in the coming months. Last quarter both groups weighed in at just 15 percent.
On the flip side, only 22 percent of agents surveyed expect decreasing home values in the next six month versus 42 percent last quarter. Homeowners expecting a drop went from 37 percent in Q4 2011 to only 29 percent in early 2012.
In Colorado, both Realtors® and homeowners are optimistic that home prices are on the rise. Based on survey results, 33 percent of Colorado real estate agents and 37 percent of the state’s homeowners think home prices will rise in the next six months, placing Colorado among the top ten states with positive expectations regarding home values.
According to Louis Cammarosano, General Manager of HomeGain, the survey results might mean better times ahead. “Real estate professionals have grown more optimistic regarding the direction of home prices, especially in the states that have been hardest hit in the past few years, like Arizona, Nevada and Florida and also in states that have done comparatively well, like Massachusetts and Virginia.”
So if you are planning to sell or refinance any Denver property, now is a great time to make a move. As the numbers show, the Denver area and Colorado in general continue to gain popularity as both a great place to live and to successfully invest in Denver real estate. These projections are becoming a reality. See our last blog for a more detailed Denver Metro Real Estate Market Update.
Let the professionals at the Bandy Team help you buy or sell a Denver home. Contact us for a no-obligation consultation. If you’re thinking about buying a home in Castle Rock, we can show you some terrific properties in Castle Pines, homes in The Meadows, town homes in Founders Village, and real estate in Castlewood Ranch.