We hope these charts help Buyers see that it is still a great time to purchase a Home!!
Tuesday, March 19, 2013
Real Estate Term of the Day: FLASH SALE –
a listing that goes under contract within 24 hours of its being placed on the market.
Denver has had 115 Flash Sales within the last 5 months and we expect to see many more as "Buying Season" heats up while our inventory remains depleted.
According to Redfin Denver was in the top 9 cities across the country for having FLASH SALES!
The inventory in the Metro Denver Market is still the lowest it has been in many years.
What a GREAT time to sale your home.
This month I had buyers that put an offer down on a home that was on the market for 24 hours and the seller had received 5 offers total. Because of the creative offer we developed I was able to get my buyers under contract on this home!
Trends show prices will continue to rise and interest rates will continue to rise, so if you are thinking about buying a home NOW is the time before you end up paying higher interest rates and higher prices and get less of a home than you can buy now.
For a Free Market Analysis of your home or a free consultation about buying a home feel free to call Denise Wambsganss at 303-880-8771 or email: email@example.com
Monday, January 14, 2013
Real Estate News
Happy New Year! Now that the holidays are over it’s the perfect time to talk about what I think the real estate market will look like in 2013. So let’s jump right in.
According to Fannie Mae’s Dec. National Housing survey, Americans believe that home prices will rise 2.6% in 2013. This number is TOO LOW for what has been happening and what will continue to happen in the Metro Denver Market. I decided to give you some concrete facts because I have found that many people have no idea how HOT the Metro Denver Real Estate Market has become.
Average Home Price: The average price of a home in Denver leapt 14% in 2012, surpassing even the most optimistic forecasts (including my own!). I believe this year will be almost as strong with an average price increase of 8-10% and here’s why: The number one driver of home price change is the amount of inventory on the market. In 2007 we had a peak of 27,500 properties on the market and prices dropped 14%, while in 2012 we averaged 10,000 properties on the market and prices went up 14%.
I will be posting several times in the next few days with more info on 2012 stats.
Your Castle Real Estate: I am very Proud to work for Your Castle Real Estate. This company is always the most accurate when it comes to facts and figures on the Metro Denver Real Estate Market. That is one reason why we are the 5th Fastest growing, Denver area, Privately Owned companies. (source DBJ Research). If you want statistics about your specific neighborhood feel free to contact me at firstname.lastname@example.org or 303-880-8771 Denise Wambsganss – Realtor – Your Castle Real Estate.