January 2024 Housing Update

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January 2024 Housing Update “You are never too old to set another goal or to dream a new dream.” ~ C.S. Lewis.  January Brings a Boost in Inventory Denver Metro home shoppers saw a boost in inventory levels in January as sellers brought 3,414 fresh listings to the market, 17% more than last January and nearly twice as many as we saw in December. At the close of December, there were 167% more home listings actively available for sale as compared to last year at this time. Uptick in Buyer Activity Noted The Denver metro area kicked off the year…

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1555 California St. Denver Colorado

Central Business District in Denver, Colorado

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Scan QRcode above for more information and pictures!   This is a must see! Downtown living at its finest with your own 450sf private terrace! Outdoor space downtown, at this price point, is unheard of. Walk to literally everything that downtown Denver has to offer. The Convention Center, the Pavillions, tons of restaurants. Light rail is across the street! This unit is light & bright. 3 huge windows plus a skylight. Beautiful hardwood floors. Nice sized, very workable kitchen with great updates and appliances. And the patio! Did I mention the patio? It is HUGE. Just imagine evenings enjoying a…

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2024 Denver Real Estate Market Predictions

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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…

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September 2023 Housing Update

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  “Focus on Time In the market not Timing the Market”-unknown In the 11-county Denver Metro area, September brought about a typical seasonal slowdown in the residential real estate market, impacting both buyers and sellers. Here’s a breakdown of the key indicators: Closings Down 17%: The number of home closings in the Denver Metro area saw a decrease, down 17% from the previous month. This dip in closings is a usual characteristic of the summer market transitioning to fall. 25% Fewer Closings Compared to 2022: When compared to September 2022, there were even more pronounced changes. This year, there were…

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July 2023 Housing Market Update

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Elevated Interest Rates begin to impact Appreciation -Housing market activity in the 11-county Denver Metro area remained constrained in July. Closings of existing homes were down 14% compared to last year. July typically brings a decrease in closings due to summer vacations and the July 4th holiday. Compared to June, there was a 12% decrease in closings. -The median price of a Denver Metro area home was $591,200 in July, which is less than 1% lower than last year at this time. After 5 consecutive month-to-month increases, home prices dipped 1% from June to July. -In July, homes moved off the…

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  9510 E Florida Ave. Denver, Colorado 80247 Location and Price make this Denver 2 Bedroom 2 Bath Condo a Great Deal! Awesome Room-Mate and/or House Hack 2 Bedroom and 2 Bath Condo; Enjoy the open and spacious Living room/Dining room with Fireplace and Mantel* Primary Bedroom has it’s own Bathroom and Large Walk-In Closet* There is a covered Balcony and Storage Closet too*Kitchen has a full size Pantry and ample Granite Counters* There is a good amount of Closets throughout the unit* Full size Washer and Dryer come with this home*Furnace, AC & Water Heater all less than 1…

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2023 Property Tax Appeals – Tips and Tricks

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Be Clear, Be Concise and Be Kind This seems to be the subject of the Month. We have had so many folks reach out to us about appealing their property taxes and in the meantime we have gone on a mission to learn all we could about what a successful appeal looks like.   There are 3 components to your property tax bill: 1) Assessment Rate from State Statute 2) Tax Rate (Mill Levy) based on Taxing Authorities in your Taxing District 3) Assessor’s Actual Property Value based on Sales in the Study Period: July 1, 2020 – June 30,…

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Don’t Kill the Miller Moths

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A Case for Coexistence Colorado’s beautiful landscapes are home to a variety of flora and fauna, including the humble Miller Moth. While their annual arrival may be met with mixed feelings by residents, the humankind, it is important to recognize the ecological value of these insects and understand why they should not be indiscriminately killed. In this article, we will explore the significance of Miller Moths in Colorado’s ecosystem and highlight the benefits of coexisting with these fascinating creatures. Natural Pollinators One of the crucial roles Miller Moths play in Colorado’s ecosystem is their contribution as natural pollinators. These moths,…

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The Many Faces of The Denver Housing Market

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  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…

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JUST LISTED!

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4973 S DILLON ST. #130 AURORA COLORADO ASKING PRICE: $314,900   BRIGHT AND OPEN FLOOR PLAN Property Highlights 2 BR/2 BA (2 Primary Suites with Walk In Closets!) Cozy Gas Fireplace in the living room Large Living and Dining Rooms Detached Garage and a Permitted Open Parking Space  Washer and Dryer Stay Vaulted Ceilings Tons of Natural Light Front Porch to enjoy Sunset Skies For More Information Contact Us Today!  

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Real Estate March Madness

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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…

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Manifest an Early Spring by Sprucing up for It

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Spring Cleaning Tips Time for spring cleaning has arrived! Here is a helpful list of items that you may clean on a regular basis, but if you don’t, Spring is the perfect time to get after it! We have lots of cleaning referrals if you need one so please don’t hesitate to reach out! Every Room in the House: -Dust ceiling fans and light fixtures -Clean windowsills and window tracts and vacuum window treatments and window blinds -Wipe down shoe molding and dust room corners for cobwebs -Test batteries in all your smoke and carbon monoxide detectors, disinfect doorknobs, cabinet…

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Is there Stabilization in our Future?

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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…

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February 2023 Closed Homes

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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!

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Is this a “Blip” or a “Flip” for the Denver Housing Market?

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  January 23 Housing Market Update It has been a whiplash kind of month in the Denver Metro Real Estate market. We went from homes sitting for 45 plus days since June of 2022 to stale listings getting re-listed and going Under Contract with multiple offers again. In September, October, and November of 2022 Buyers were asking and getting cash at closing to buy down rates, multiple inspection items repaired and the luxury of being the only buyer coming forward with an offer on a home. This trend continued through December of 2022 but after the first weekend in January…

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