March 8, 2024

How Did February 2024 do in the Denver Metro Area?

Rates at this point are still higher, 6.625%, so many buyers are "sitting tight", but some are still buying.   We are seeing more properties going pending than new listings coming on each week.   Days on market are only 24 days.   Median price is $575,000 and are seeing only one week of inventory.


Check out the details from February 2024 -

If you are ready to buy or sell in the Denver Metro Area - give me a call.   Joan Cox - 720-231-6373

 

March 5, 2024

Should I Remodel Before Selling?

So many times homeowners ask - should I replace the carpet, lay some tile, or update the kitchen and baths to get a better price?

If you spend $10K for carpet, most likely you will only see a value increase of $6k.   If that is all you need to do, it probably will help.    If your home needs a complete facelift, where do you stop?   Especially if you only see 60% of what you are spending?   Yes, new carpet will entice buyers, and will sell quicker.

Repairing issues throughout the home are important, as they will come up in an inspection, and a buyer will usually ask for either the issues to be repaired, or a concession amount for them to do it after closing.   If you have peeling & chipped paint on the exterior of the home, this will affect an FHA and VA loan appraisal, and should be done.  (Remember when painting outdoors, it should be around 50 degrees for at least 24 hours to dry.)

It also depends on your neighborhood - what is "normal".   Are the comparables in your neighborhood all remodeled with high-end kitchens and baths along with new flooring?   My answer will different then, you probably should do some remodeling.

 

It is not a "cut and dried" question, it depends on your property!   If you need more information, give me a call and we can discuss your options!   720-231-6373

Jan. 10, 2024

Denver Market Update for December 2023


The stats are out for the month of December, and the numbers reflect a seasonal slowdown.   You usually are able to get a "deal" in December.   The inventory decreased from November, and could use more inventory in many neighborhoods!   

 

  • Active Listings            5539     -27.9%
  • Pending Listings          2765      +9.1%
  • New Listings               1892       -4.4%
  • Closed Listings            2956      -7.2%
  • Days in MLS                   46      +9.5%
  • Median Closed Price  $540,000    +.07%
  • Avg Closed Price       $637,948   +3.5%
  • %-Close to List Price   98.6%      +.01%
  •  

This data is courtesy of Joan Cox - House to Home, Inc.

 

I track data daily for the Denver metro area, and the amount of price reductions have been low in November & December, and soon as we surpassed New Year's, it jumped to around 700 (this number is larger than new listings coming on) and homes returning to market have been around 250 per week.   The inventory this time of year is seasonally low, and is around 4000 during the week, and have seen it as high as 4900.    (includes land up to high-end homes)

 

See what homes are currently available - Active Homes for sale in Denver

 

Buyers - If you have thought about buying a home this year, rates are bouncing around, and can see some multiple offers on properties.   Rates may be holding you back, but you no longer have to pay thousands over fair market value, there are sellers possibly willing to give you concessions for your closing costs and no one is waiving inspections right now!  Luckily, we have seen some rate decreases over the last month!

Be sure to be pre-approved and know what your budget is!    With current inventory, you now have a bit more of a selection and don't have to narrow your criteria much.    We are also seeing a few homes returning to the market, so it would be a good idea to write a backup offer if you did not "win the bid", as you may get a second chance.

 

Sellers - My sellers are seeing a nice bottom line!    Even though the inventory is increasing (since New Years), there are buyers out looking for their dream homes.   Patience is key, we are seeing the number of showings increase and if priced right and shows well, you could see multiple offers.  Buyers are looking for homes ready to move in, so fix those items you know are issues before listing!

PS - Legislators are back in session, and Property Taxes is a big one they are trying to remedy.   Tax amounts should be out by end of January, or at least by mid-February.

 

Homeowners - if you have thought about selling and like like a home evaluation, please let me know, I will contact you right away.  Relocating to Denver, and need some advice - see my Relocating to Denver information.

 

 

Dec. 31, 2023

Welcoming in 2024!

 

Many can say 2023 wasn't the best of years, so want to usher in 2024 and hoping it will be a year you are blessed with good health, happiness, and prosperity.

Make the best of every day, as life is short.    Look for the good in people, and do your best in making others see the best in you!

If you are ready to buy or sell a home, please give me a call/text/email so we can chat!

 

Dec. 24, 2023

Where O Where is Santa?

 

Norad in Colorado Springs has a website that tracks where Santa is currently, and can be fun for the kids to watch how many presents have been delivered.   They do ask the kiddos to go to bed by 9 pm to make sure Santa gets to their home on time.

 

Start Tracking Santa Now

 

 

 

Log in on December 24th to track Santa's flight around the world.

 

 


    

         Merry Christmas! 

 

 

 

 

Nov. 22, 2023

Happy Thanksgiving to All

As we celebrate Thanksgiving, my heart is overflowing with gratitude for so many blessings that have blessed my life.   I am surrounded by cherished friends and so many clients that have become close friends.   This fulfillment comes from pursuing a career I am so passionate about.

 

From my home to yours, I wish you a heartfelt Happy Thanksgiving.   May your day be filled with gratitude around you all!   As we gather around the Holiday table this year and the company of our loved ones, embrace living your life to the fullest, as it is a miracle.

 

May this Thanksgiving be a reminder to live in the countless miracles that fill our lives with meaning and joy.  May the good things of life be yours in abundance, not only at Thanksgiving, but throughout the coming year!

 

Nov. 11, 2023

Celebrating Veterans Day 2023

 

Happy Veterans Day to those that have chosen to serve and are serving in our armed forces.     We respect and honor our Veterans and join in on the celebration in Denver!  


Less than 1% of our nation is shouldering 100% of the burden of the wars in which we have been involved over the past several years.    Thank you to those who have served, or are serving to allow us freedom!   It has been my honor to assist many military families in the Denver metro area over the years!

 

 

There are many restaurants that are honoring our Veterans.    

 

  HAPPY VETERANS DAY!

 

 


 

Nov. 9, 2023

Homes on Acreage in the Denver Area

You will now see many options of homes on acreage within a close proximity of the Denver Metro Area.    Upon doing a quick search this morning, you can find one home in Golden for $470,000 with 1.15 acres and a home with a bit over 1,000 square feet.    I found 44 homes, and some under $470,000 depending how far out of the metro area you are willing to look.

Sadly, still some listing agents with listings that are condos or multi-family showing acreage and listed as single family homes.   

 

Check out these homes if you are looking for a home on acreage in and around the Denver metro area.    Want to know more about have a well and septic system?   Give me a call, I can help you!

 

Oct. 20, 2023

Denver Market Stats for September 2023


The stats are out for the month of September, and the numbers reflect a dip in sales for the month.   The inventory increased from last month, but remained 24% below last year.

 

This data is courtesy of Joan Cox - House to Home, Inc.

 

As I track data for the Denver metro area, and the amount of price reductions have been hovering around 1500-1650 each week and homes returning to market have been around 280 per week.   The inventory this time of year is seasonally low, and is around 7500 during the week, and have seen it as high as 7700.    (includes land up to high-end homes)

 

See what homes are currently available - Active Homes for sale in Denver

 

Buyers - If you have thought about buying a home this year, rates are increasing, and can see some multiple offers on properties.   Rates may be holding you back, but you no longer have to pay thousands over fair market value, there are sellers possibly willing to give you concessions for your closing costs and are not see buyers waiving inspections right now!

Be sure to be pre-approved and know what your budget is!    With increased inventory, you now have a bit more of a selection and don't have to narrow your criteria.    We are also seeing a few homes returning to the market, so it would be a good idea to write a backup offer if you did not "win the bid", as you may get a second chance.

 

Sellers - My sellers are seeing a nice bottom line!    Even though the inventory is increasing a bit, there are buyers out looking for their dream homes.   Patience is key, we are seeing the number of showings slowing and if priced right and shows well, you MAY see multiple offers.     Buyers are looking for homes ready to move in, so fix those items you know are issues before listing!

 

Homeowners - if you have thought about selling and like like a home evaluation, please let me know, I will contact you right away.  Relocating to Denver, and need some advice - see my Relocating to Denver information.

 

 

Oct. 12, 2023

Fall Home Maintenance Tips for Homeowners

It is that time of year when you own a home, you should do some homeowner maintenance to protect your home from damage this Fall/Winter.    Here is a list of things to think about.

 

  1. Gutters and down spouts: clean the leaves from the gutters and make sure the downspout diverters are carrying the water about 3 - 5 feet away from the foundation.
  2. Foundation: walk around the house and check the slope of the soil. Make sure there are no areas that slope towards the foundation allowing the water to pond next to the house. If you have a crawlspace be sure to check it for moisture.
  3. Check the exterior of the windows and doors to be sure the caulking and weather stripping are in excellent condition.
  4. Roof: if possible walk the roof inspecting flashing and vent pipes to be sure they are in good condition.  (if you cannot, I do have a roofing broker that will inspect for free!)
  5. Bushes and trees: if these are in contact with the house or roof, trim them away.
  6. Chimneys: clean the flue.
  7. Garage doors: inspect hinges to see they are secure to the door, and test the reverse mechanism (both the electronic eye and the pressure reverse) to be sure they are operating correctly.
  8. Ground Fault Circuit Interrupters (GFCI): push the test buttons to be sure the power to the outlet is shutting down.
  9. Smoke and Carbon Monoxide Detectors: push the test buttons to be sure they are working correctly.
  10. Heating system: on forced air systems, be sure to change the filter once a month and if you have a boiler, be sure the pump is oiled. Have the heating systems tuned up by a professional HVAC company.
  11. Kitchen: clean range hood filters, under the refrigerator and its' coils and be sure the fire extinguisher is charged and easy to get to.
  12. If your house has a sump pump, be sure it is operational. 
  13. Disconnect garden hose from outside faucets. If hose faucets are not frost-free type, be sure to turned off water on the inside of the house and the faucets are drained.
  14. If you have a wood burning fireplace/Stove, have it cleaned and inspected. 
  15. Winterize sprinkler system before Halloween.

 

Posted in Homeownership Tips