Housing Statistics Archives

Denver Home For Sale- Investment Property

15 April 2:54 pm

Scan QRcode above for more information and pictures! Incredible investment opportunity. Don’t miss this all new Sunnyside gem. 2 Mother-in-law suites that lock-off and would make great AirBnB’s or short-term rentals. Live in 1 unit and rent out the other two! Comprised of a 3BR/1BA unit on the main floor, a 1BR/1BA unit on top floor (with large deck) and a 2BR/1BA unit downstairs. This one has it all. Everything is brand new. Top to bottom. New Boiler. New plumbing & electrical. All brand new appliances. It also boasts an over-sized 2 car garage with workshop that is zoned for…

Homefront Highlights

15 April 2:28 pm

March 2024 Housing Update “No matter how long the Winter, Spring is sure to Follow.” ~ Maya Angelou Pending Home Sales are Up: Homebuyers continued to enter the Denver metro housing market. In March, 4,343 new contracts for home purchase across the Denver metro area. That’s 8% more than last year and 33% more than last month. Homes pending purchase is a leading indicator of future home sales. Days on Market Down: In March, homes spent a median of 12 days actively available for sale, according to REcolorado data. Buyers sped up their decision making, executing contracts on homes nearly…

February 2024 Housing Update

18 March 1:52 pm

“Don’t wait to buy real estate. Buy real estate and wait.” ~ Will Rogers, actor February Continues to Boost Inventory Inventory levels at the end ofFebruary were 25% higher than last year and 176% higher than two years ago thanks in part to sellers bringing listings to the market. Data shows double-digit increases in the number of New Listings for the second consecutive month as sellers brought 4,267 homes to the market. Buyer Activity Up and Days on Market Down Home shoppers were active in February. Throughout the month, they executed contracts on 3,454 home listings. The number of listings pending sale…

Demystifying the NAR Settlement

16 March 11:54 am

Understanding Its Possible Impact on Real Estate In recent days, the real estate world has been abuzz with discussions surrounding the National Association of Realtors (NAR) settlement . With significant implications for real estate agents, home buyers, and sellers alike, it’s essential to unravel the complexities of this settlement and understand its broader ramifications. Today, we’ll delve into the details of the NAR settlement, exploring its origins, key components, and the potential effects on the real estate industry. Understanding the NAR Settlement: The NAR settlement stems from 2 lawsuits one class action and one filed by the Department of Justice…

For Sale Home 1532 Olive St in Parkhill Colorado

Home For Sale in Parkhill Colorado

21 February 3:41 pm

Click Here for More Information Today NEW PRICE on this inviting Bungalow nestled in the heart of Denver* Boasting 3 bedrooms, 2 bathrooms, 1 car attached garage and Large Professionally Landscaped Front and Back Yard* The well-appointed Kitchen features Contemporary finishes with Stainless Steel Appliances and Direct Access to the AMAZING back yard* The Open Living Spaces create an ideal environment for both Daily Living and Entertaining*The Basement has Options: The pictures present it as a Large Primary Suite* The Current Owner used it as the Primary and a Prior Owner used it as a Media Space* You…

2024 Denver Real Estate Market Predictions

21 February 1:58 pm

Bold Predictions Commentary for 2024 “This is not the way it will always be” -Unknown This Post is filled with predictions/guesses for what you can expect in Real Estate next year. As click-bait fills your inboxes, social media and televisions we want to give you some real data and ideas collected from smarter people than us for what we think is coming in 2024. Let’s get to it! Existing Sales/Transactions It is wildly thought that next year’s transactions will mimic 2023. We saw the number of transactions fall to levels we have not seen since 1998-1999. Transactions dropped over…

The Many Faces of The Denver Housing Market

3 May 3:05 pm

As we head closer to the much-anticipated Spring Real Estate Market we are seeing a split view. Our client’s stories vary, on one hand they are seeing homes under 400K selling for less than asking price with lots of contract contingencies. The other hand in the luxury market (above 1 million) experiencing multiple CASH offers with no contract contingencies accepted (The stats say otherwise by the way: Homes under 1 million getting 100% of asking price and homes selling over 1 million getting 99.23% of asking price). In most cases these stats do not support what our active clients…

Real Estate March Madness

19 April 3:59 pm

A Busy March If you thought the basketball version of March Madness was Mad hold on to your nets because it clearly bounced into the Real Estate Industry as well. Between Mortgage Rates, CPI, the Fed, lack of inventory and of course bank failures we were all over the place nationally and regionally last month. Active inventory is up, closed homes sales are up, average close price is up and days on market are down (see stats below for exact numbers). All of that speaks to a very active Metro Denver Real Estate market for the month of March. Last…

Is there Stabilization in our Future?

7 March 12:40 pm

We asked last month “Is this a Blip or Flip?” Well, the answer is: it’s looking like a Blip. Interest rates went into overdrive again and buyer applications for new mortgages visited a low not seen since 1995. The voracious activity we saw in January and early February has come to a halt thanks to interest rates going from high 5’s to 7% in 3 weeks’ time. Buyers and Sellers are looking for stability in economic data and we think that stability is in volatility, at least in terms of interest rates for the near term. Rates will fluctuate pending…

February 2023 Closed Homes

6 March 2:50 pm

February 2023 Closed Homes It was our pleasure to help these First Time Home Buyers find and purchase this beautiful home. They scooped it up for less than ask and got some cash back at closing to help with the move! The Walters Group is always happy to help you Buy, Sell or Invest in Real Estate~ please reach today to chat!