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1. Demand is Strong Foot traffic refers to the number of people out actually physically looking at homes right now. The latest foot traffic numbers show that there are currently more prospective purchasers looking at homes than at any other time in the last 12 months. Take advantage of the buyer activity currently in [...]
It is common knowledge that a large number of homes sell during the spring buying season. For that reason, many homeowners hold off putting their home on the market until then. The question is whether or not that will be a good strategy this year. The other listings that do come out in the spring [...]
October 2014 Residential Market Report Highlights for October 2014 (Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert & Jefferson Counties) * Single Family Detached homes units sold: Up 1.2% from prior year. (3188 units sold)* Average Sold price on SFD’s: Up 9.7% from prior year October 2013. ($361,923 for this year)* Days on market for [...]
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Highlights for August 2014 * Single Family Detached homes units sold: Down 12.7% from prior year. (3526 units sold) * Average Sold price on SFD’s: Up 8.9% from prior month July 2014. ($372,077 for August) * Days on market for SFD’s: 29.5 days for August 2014. * Condo/Townhome sales: Up 21.4% from prior year August [...]
Many have seen the market start to recover and have posed the question of whether a new "bubble" is forming. The most recent CoreLogic MarketPulse Report shows that we still have a long way to go before prices are anywhere near the peak we previously experienced in many parts of the country.