Buyer Tips

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 ...

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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 ...

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Aug. 15, 2023

Pricing Your Listing is Critical Right Now

This year has been tough for buyers, with the interest rates hovering around 7%.    Every time the rates increase, buyers lose some buying power, so many are sitting tight and waiting until the rates come back down.  

Since there are fewer buyers out right now, we are seeing ...

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Posted in Buyer Tips, Seller Tips
July 21, 2023

Homes in the Denver Metro area Under $500K

Recently there have been articles on the news and in newspapers about the lack of housing under $500,000 in the Denver Metro area.    It is true, finding a single family home for under $500,000 can be a challenge.

 

I have removed those homes listed as multi-family ...

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July 17, 2023

5280 Ranked Neighborhoods within Denver

5280 has done their 5th annual announcement of the Best Neighborhoods in the Denver area, and many were not surprising.  Denver boasts abundant sunshine, sensational restaurants and bars, a vibrant arts and music scene, and cutting-edge businesses.   (5280 is a local based magazine for Denver)

They evaluated ...

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June 16, 2023

Inspection Objection - What Items should be Repaired?

The inspection is a critical part of a purchase transaction.    I ALWAYS recommend having an inspection, even if the Seller says AS IS!    This is a small insurance policy, as you may find some issues with big-ticket items.

 

I have had many buyers ask "What ...

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Posted in Buyer Tips
March 6, 2023

What Rules do we Have to Live With in a Covenant Community?

 

Rules & RegulationsWhen buying a property located within a Homeowners Association, there are rules you have to adhere to.  Most homeowners associations for a detached housing community are similar.

  • fencing has to be the same height & material throughout the community     (if the fencing is only 4' - no privacy fences ...
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Posted in Buyer Tips
Feb. 23, 2023

Denver Sales are Down over Last Year, Home Values Increasing Slowly

The stats are out for the month of January, and the numbers reflect the seasonal slowdown this time of year, along with interest rates bouncing around.   The inventory declined 13% from last month, but increased 80% over last year.  The inventory has not moved much since the beginning ...

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Feb. 16, 2023

Is this Market Leaving you with Cold Feet?

The interest rates are bouncing around a bit and are higher than they were last year.    Is this stopping you from a purchase?     A couple of my buyers recently did a buy-down through the lender, with Seller concessions, and got a lower interest rate, and a lower house ...

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Posted in Buyer Tips, Seller Tips
Feb. 15, 2023

What does the 2023 Real Estate Market Look Like?

In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation. And while some market sectors have been slow to respond, the housing market has reacted accordingly.   In Denver, we saw a shift almost immediately.

Both demand and ...

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