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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The Many Faces of The Denver Housing Market

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…

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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?

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…

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Denver Happenings March 2023

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Just like that, it’s March! Spring and Summertime are just around the corner, but don’t miss out on some of next month’s Denver-Colorado must-do’s! Especially the annual St. Patrick’s Day Parade! Nathaniel Ratliff: March 3rd-4th, 2023 In 1973, singer-songwriter Harry Nilsson released an album of standards from the Great American Songbook, an adventurous and unprecedented move for someone at the height of their powers in the rock era. The album, A Little Touch of Schmilsson in the Night, takes listeners on a narrative arc through infatuation, courting, marriage, separation, and the inevitable slide into old age. This March in celebration of its 50th Anniversary, Denver singer and songwriter Nathaniel Rateliff…

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Record Setting December

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  The Good News: We saw median prices appreciate 19.78 %. If you waited a year to buy the same house, the price would have gone from $455K a year ago to $545K today. In the real estate market, time is money- a lot of money. Based on the sustained demand for housing and lack of supply we think folks will see double-digit appreciation again in 2022. Since 1991, the Denver Metro area has appreciated around 7.5% a year. That is a solid number considering it has the housing crisis factored in as well.   Records Set for December and…

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