2020 Third Quarter Real Estate Review The first three quarters of 2020 real estate experienced a staggering increase of sales coming out of the “shut down period of March through May 8th”. The market was abnormally brisk considering the pandemic, due to low inventory and low interest rates. The days of bidding wars, prices rising [...]
Low Inventory, Low Interest Rates Creates Real Estate Excitement Four Market Trends • Listing Inventory is 39.2% lower today than 12 months ago. Normally we would see an increase of inventory as the housing market heads through the summer. A typical number is 6% growth in inventory from July to September • The number of [...]
Denver Housing Market: The Good, The Bad, The Questions! Three Trends in Today’s Market The Denver housing market has reached record levels in pricing with an average price increase of 9.2% over last July 2019. The 2020 listing inventory is 36% lower this year than 12 months ago. As supply decreases, demand increases as most [...]
How Does 2020 Denver Real Estate Look? Are we in a Full Recovery for Real Estate? Average Price of a Single-Family Home has increased 2% YOY. Inventory between June 2019 and June 2020 decreased by 31.9%. Including the ‘Coming Soon’ category, the true inventory shows a decrease of 29.51%. The number of homes Pending in June 2019 versus [...]
18503 W 92nd Lane, Arvada | 5 Bed 5 Bath | Total SQFT 5,270 | Candelas | $725,000 Special Features of 18503 W 92nd Lane: -Highly upgraded two story home with walkout basement-3 car garage-Upgraded chef's kitchen includes double ovens, pantry, enourmous island, beautiful counters and backsplash, and extensive cabinetry-Main floor study with custom built-in desk and shelves -Spacious master suite [...]
May 2020 inventory of single family and condo decreased 18.8% from a year ago. Total Active listings today is reporting 6,132 compared to 7,556 twelve months ago. Due to the smaller number of buyers out in April due to the pandemic, the number of closed properties has decreased 44.1% from May 2019. However, the decrease [...]
Real Estate: Good Investment Or Opportunity Investment as a Result of the COVID-19 Virus? Average Price of both Single Family homes and Attached homes Year over Year in April has increased to $495,982, a 1.9% increase. Inventory from April 13th 2020 to May 14th 2020 has increased by 15%. This is the trend we should expect [...]
What Effect Has the Virus Had On Denver Real Estate? Average Price of both Single Family homes and Attached homes Year over Year in March has increased to $484,075, a 5.4% increase over March of 2019Inventory as of the start of April 2020 increased by 3.4% year over year. The number of homes closed in [...]
