Local Stony Creek Littleton statistics taken within the past 5 years shows that the list price vs. the actual sales prices has had little fluctuation downwards and somewhat more upwards. For the most part, prices have fluctuated less than 2% less of the asking price. However, statistics show that offers and prices have fluctuated upwards of 4% of asking price. This means that on a $300,000 price listing, some people have offered $12,000 more and $14,000 more on house listed at $350,000. This is quite demonstrative of the Denver market, as a whole. Prices have continued to go up and with low inventory in this market, the prices of houses are being driven up by people vying for a place to buy and live.
Based on information from Metrolist®, Inc. DBA RECOLORADO® for the period 03/07/2012 through 3/7/2017 Note: This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market.
Now interest rates are on the rise, slowly but surely. With home prices continuing to rise and interest rates going up, and continuous rise in rental rates, this really is a time to start looking at purchasing a home before you get priced out. There are still some wonderful programs out there to assist home buyers with down payments and possibly some closing costs. Now is the time to move. Denver is such a booming community with new businesses coming in and an astronomical amount of people moving here. Time is definitely of the essence! If you need assistance with finding a good fit for your living situation or would like to find out more about the down payment assistance programs out there, Just Call Julie! 720-260-1180. I can’t wait to help!