Denver Real Estate Statistics – March, 2018
A NEW MILESTONE FOR DENVER REAL ESTATE
The latest stats released by DMAR show exciting news for Buyers and Sellers, but some of the numbers might make Buyers a little bit nervous. If you’re looking at Buying, the sticker shock of current home prices that might create some nerves and hesitation- the average price of a single family home in Denver has surpassed the $500k mark. You may be thinking this means that you must spend at least a half million dollars for a detached home. And in some cases and some neighborhoods, that is true, but for those who have a lower budget, do not fear! There are plenty of opportunities for buying property in a lower price range. There is a wide range of fantastic up and coming neighborhoods around the metro area that offer wonderful opportunities to enter the market, and with an open mind and strategic searching, you can still find something within your budget. So while your first reaction may be worry and fear, these numbers shouldn’t scare you out of the market! Contact me and we can talk about your options – there are still plenty out there!
Let’s talk good news! There were more properties hitting the market in the past month. This means some less competition, more inventory, and more options for those who are buying. Contact me to set up a custom search for your property wants and needs – I can set up an automated email that arrives straight to your inbox as soon as a home hits the market so you can be one of the first to know! With homes going active more and more, it is advantageous to get in soon since there is still a lot of competition out there. But with more properties hitting the MLS, that is good news for everyone that will help create a more healthy real estate market.
Now on to Sellers – things are still looking up for you! Just look at the average home price that continues to rise. It’s not too late to get your home on the market and sell it for the highest value! In fact, the beginning of May is statistically the best time to list for the highest return. That is just around the corner! Let’s set up a time to see if this is the time for you to sell – we can look at what your home value may be and then what you can purchase once your home is sold. Each neighborhood and suburb is unique, and we can talk numbers that are specific to your needs!
In summary, definitely don’t let these latest numbers scare you – there is so much opportunity out there still! Buyers, let’s talk strategy to make sure you capitalize on the increased inventory. And Sellers, now might be the best time to list your property to get you the highest return!