Denise Wambsganss
Realtor Your Castle Real Estate

Wednesday, August 18, 2010

Housing prices up or down ???

Have Home Prices in Metro Denver Gone UP OR DOWN ????

The media says… Overall prices have gone up around 3% in Metro Denver, Colorado.
BUT when you look at “individual” neighborhoods that information is meaningless
IF you plan to buy or sale a home.

Prices can range between -36% to +49% - Pretty crazy isn’t it ?

It is VERY important that you are working with a Real Estate Agent who knows the FACTS in the neighborhood you are interested in. It can make a CRUCIAL difference to you as a buyer or seller to have the CORRECT information.

See below for a few samples.


Neighborhood Price change
Northpark @ Ken Carl down 20%
Villa Park up 28%
Highlands West Down 15%
Valley View up 15%
Broadlands down 13%
Green Oaks Up 21%
Englewood East Down 36%
Fox Run up 11%
Hidden Lake up 49%
Heritage Greens down 22%
East Colfax up 30%
Del Mar up 21%
Country Club down 16%
Brookvale up 16%
Cherry Point down 34%

To find out about your specific neighborhood call
Denise Wambsganss – Realtor 303-880-8771
Your Castle Real Estate

Monday, August 9, 2010

All Time LOW interest rates

Below you will find information on interest rates over time. They are at an ALL TIME LOW. What better time to purchase a home!

Mortgage Rate Falls Under 4.5 %
Freddie Mac reports that long-term mortgage rates moved south again this week.

Interest on 30-year fixed loans hit a new low of 4.49 percent, compared to 4.54 percent last week and 5.22 percent a year ago; and the 15-year mortgage landed at 3.95 percent, down from 4 percent last week and 4.63 percent a year ago.

Five-year adjustable-rate mortgages reached a new low of 3.63 percent, down from 3.76 percent last week and 4.73 percent a year ago; while one-year ARMs fell to 3.55 percent from 3.64 percent last week and 4.78 percent a year ago.

Source: The Wall Street Journal, Amy Hoak and Nick Timiraos (08/06/10)