Denver, Colorado Homes, Real Estate, Mortgage and Events
Everything Denver, Colorado. Learn about new homes for sale
in Denver and real estate market data from local Denver real estate experts.
You can find neighborhood information, events in and near Denver, CO,
and open houses to walk through this weekend.
Inventory for homes is still so incredibly low. This means when you go out to buy you must be more prepared than ever. Having a pre-approval letter is a must in this market. With so few homes for sale many homes are receiving multiple offers. Please call us to learn how to make a very competitive offer. Even if you are 6 months out still feel free to call us because there are many things you can do now that will help you make the best offer possibly when you are ready for that new home!
The real estate market is showing huge increases in prices from last year. From looking at the graph below you can see that from February 2014 to February 2015 the average selling price of a home increased $50,000. If you are bummed and wishing you had bought a house last year and had made this equity please contact us so you are not feeling that way come next year.
2014 was another great year for real estate. A good indicator of the market is how fast do houses sell. Here is a graph showing the average number of days a house sits on the market for in the last 5 years. As you can see the graph shows houses sold really fast in 2014. This signals a competiive and strong sellers market. In this type of market a strong pre-approval makes your offer stand out compared to other offers made on a house. If you would like more information on this graph or how to get pre-approved please ask.
The graph below shows a great amount about the denver real estate market! In the blue you can see the number of active listings which is the total amount of homes that were for sale in that part of the year. In the green you see the number of houses that were sold in that same time period. As you can see the two lines in the last year have drawn very close. Meaning almost all homes listed are selling. Showing a very competitive market. If you have more questions about the denver real estate market or what this graph means please ask!
Renting a home in the Denver/Boulder Metro area is expensive. This isn't new news to anyone who has tried to rent or had their lease renew in the last 12 months. We are currently ranked 6th in the United States for the most expensive cities to rent in. Not only is renting expensive, but finding a good home to rent feels like an impossible mission. The vacancy rate for homes in the Denver/Boulder area is 4.7% (National Average is 7.4%). The median rent for a 1 bedroom apartment is $1,499.00. ALMOST $1,500 a month!!! Imagine the home you can get for that payment (Find out how much you can afford).
With great First Time Home Buyers programs that are available and low or no money down loan options, it is a lot easier to buy a home than many
Single family home median prices In the Denver MLS were $314,820 in July 2014. This is an increase of 8.6% from the previous year. The Denver Metro real estate market continues to remain hot with very limited supply. There are currently only 584 homes for sale at or below $200,000 in the entire Denver MLS. Find Out How Much Your House Is Worth In Today's Market.
The last few years have been great for Denver real estate. The chart below, gives you a good idea of how fast homes are selling. So far in July the average home sale is just 26 days. This is great news for sellers as your home will sell quickly. If you are looking at buying, be sure to have a plan and be prepared to move fast. One thing I cannot stress enough is to get PRE-APPROVED sooner rather than later. Don't wait till your home sells or even if you’re not looking at moving for a few months. It is always better to do your due diligence up front then to lose out on your next home. Contact us today for more information.
With so many people moving to Denver lately I decided it was time to take a step back and remind ourselves why people are moving here:
Sunshine: Denver gets over 300 days of sun a year which make it a very “outdoors” oriented place to live. Camping, Hiking, Bicycling, Fishing and one of my favorite things Off-Roading in my Jeep!
Sports: Denver is the only major metropolitan city with every major sport. You have the Denver Broncos (NFL) Denver Nuggets (NBA) Colorado Rapids (MLS) Colorado Avalanche (NHL) Colorado Mammoth (Lacrosse) Denver Outlaws (Lacrosse) Denver Barbarians (Rugby) Furniture Row Racing (NASCAR – Kurt Busch) so if you love sports we have it!
Attractions: Whether you have kids or are single we have something
Ask anyone who is actively looking to buy a home and they will all tell you the same thing, "We can't find a home to buy, yet alone the perfect home to buy. When we do find a home we are competing with a dozen other buyers." As of March, there were less than 8,000 homes for sale in the Denver/Boulder area. Which may appear to be a lot, but that's only 1 month of inventory and the lowest level in almost 10 years. For comparison, there were over 42,000 homes for sale in the Denver/Boulder area in July of 2010.
This may be frustrating for home buyers in Denver and Boulder, but it's great news for sellers. A "normal" real estate market usually has 4-6 months inventory, anything below 4 months would be considered a seller's market. When demand is
It's that time of year again when we can all enjoy the annual Cherry Creek Art Festival. This years events will be July 6, 7 & 8. For those three days, Colorado's award winning and world-class festival will feature some of the best art, culinary demonstrations, interactive family activities on Artivy Avenue and the best part is that the festival's non-profit mission provides art education and outreach programs in local area schools.
The Cherry Creek Arts Festival takes place July 6, 7, 8, 2012 (Friday, Saturday, Sunday), in Denver’s Cherry Creek North Shopping District, from 2nd to 3rd Avenues, on the six streets between Clayton and Steele Streets. The fun starts Friday at 10 am and runs until 8pm. You can also go Saturday 10 to 8 and Sunday from 10 to