Hello Everyone: I've had clients request an overview of Residential sales in the Loveland, Colorado area. I thought I would also share the information below with you too. Statistics show price changes from 2013 through the end of 2022
Saturday, January 28, 2023
Hello everyone:
Below is an article that gives an overall view of what happened in Real Estate in 2022
2022 Statistics from Recolorado.com
Closed Prices
The median closed price of a residential property was 12% more than in 2021—and 55% higher than five years ago! In the Spring, buyers paid an average of 6.8% more than the original list price. However, home price growth did slow during the second part of the year as demand eased. The end of 2022 brought price reductions and sellers who were willing to accept offers lower than the original price they listed. In December, buyers paid an average of 5.7% less than the original list price.
The most active price range, in terms of closings in 2022, was $500-600,000, which represented 20% of all residential property sales. While closings decreased overall in 2022, there was an increase in sales in every price range above $700,000 as home prices remained high. Closings of homes priced above $700,000 increased 5% from 2021 to 2022.
Days in MLS
The pace of sales slowed considerably throughout the year. During the first part of 2022, contracts were executed on homes in a median of four to five days. As demand decreased in the second part of the year, median days in MLS increased significantly. In December, properties were actively for sale in the MLS for amedian of 31 days.
The link to the article is below and has additional information. Feel free to call and brainstorm with me.
Entire article: https://blog.recolorado.com/denver-metro-market-watch-2022-year-end-report/
Wednesday, January 25, 2023
This is a Blog and not a “website”, however, I choose to use
a blog because it gives me the opportunity to post items I believe are
important for buyers and sellers to read off and on. As you can see, I have not posted in many
years. The reason: I have been working for a Real Estate Company
and had a website through their company.
I am presently an Independent Realtor, part of Loveland/Berthoud Real
Estate Association and the Independent Realtors within that group. So, I decided to go back to my old blog and
utilize this instead of creating a website.
I find that websites are good, but most of the information you find on
one Real Estate Agents website you can find about anywhere. I am hoping to find time off and on posting
something you might not find everywhere.
Hopefully, I can find time for that. If you want to look for Homes for sale in
Colorado the best site I have found is Recolorado.com this site is where Real Estate Agents in
Colorado Post their homes for sale.
It is real time and you will not miss properties listed because it shows
up as soon as a Real Estate Agent makes it go live. If you need help let me know. It is very user friendly. I love sharing my
knowledge!!! If you have any Real Estate Question, don’t hesitate to reach out
to me. 303-880-8771 or dwambs@msn.com
I also have a strong network of people I know in the Real Estate world
overall so if you need a Mortgage, Title work, Inspection etc. give me a call.
Wednesday, October 16, 2013
Interest Rates still Low
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: dwambs@msn.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 dwambs@msn.com or 303-880-8771 Denise Wambsganss – Realtor – Your Castle
Real Estate.
Thursday, December 6, 2012
REAL ESTATE NEWS for Metro Denver: December 2012
Starting
in March residential homes prices began leaping upward and have not stopped
since. In September, something happened that has not occurred since 2007.
For the first time in five years the average
price of a metro Denver home exceeded the prices we hit at the top of the
market back in 2007!
This is a stunning comeback for our market
which is typically the Housing cycle is a 7 year cycle. So looks like we are in
the beginning of the upward swing of the 7 year cycle!
The metro Denver real estate market continues its incredible recovery,
leaving our downturn a distant memory. Consider these facts:
·
The inventory of homes for sale is down 30% in the past 12 months.
·
The number of sold homes is up 11% in the past 12 months.
·
The average Days on Market is down 34% in the past 12 months.
·
The average price of a home is up 13% in the past 12 months.
The condo market is extremely strong right now. In
2011 the average price of a condo in metro Denver went up 16%. Incredibly,
prices are up another 18% so far in 2012. The inventory of condos for sale is
at a record low of 2.4 Months of Inventory (MOI) where a balanced market would
have 6 MOI. It appears that prices will continue to rise. So, if you are serious
about purchasing a condo or a home it might be a good time to get serious. The
longer you wait the more you will pay and the less you will get, as well as
potentially paying a higher interest rate.
For more information call Denise Wambsganss –
Realtor – Your Castle Real Estate
303-880-8771 dwambs@msn.com Feel free to call for a free Market Analysis
of your home.
Friday, October 5, 2012
Metro Denver Real Estate Stats as of Sept. 30 2012
AVERAGE PRICE OF
PROPERTIES CLOSED:
SingleFamily Condos Residential
This Month $282,305 $186,843 $306,633
Last Month $285,692 $183,359 $311,893
This Month, Last Year $254,078 $159,980 $280,289
Year to Date Average, This Year $278,100 $176,961 $302,809
It is a GREAT time to put your home on the market. If you are looking to purchase a home you better start thinking about moving on it NOW before prices continue to rise and you purchase less for more $. Give me a call or email. Denise Wambsganss - Realtor - with Your Castle Real Estate - 303-880-8771 dwambs@msn.com
Tuesday, September 18, 2012
TITLE INSURANCE
Every time I work with a Buyer or Seller they ask about Title Insurance. I find it can be very confusing, so I have a description of the two kinds of Title Insurance below and why they exist.
Title Insurane
Descriptions
If you have recently purchased or refinanced a home, chances
are you have had to get title insurance. Basically, title insurance protects
you against problems affecting the title to your home. There are two types of
title insurance—a Loan Policy, and an Owner’s Policy. A Loan Policy protects
the lender for the amount of the loan, while the Owner’s Policy protects you,
the homeowner, for your investment in the property—your equity. In both cases,
the title process covers an
exhaustive search of public records to make certain the title to the subject
property is clear, and covers against future loss if a claim against the
property is made. While discovering an issue with your title can seem rather
remote, one out of every four title searches reveals a problem with the title.
Examples include tax liens, forged signatures in the chain of title, recording
errors, title search errors, undisclosed easements, and title claims by missing
heirs and/or ex-spouses. Fortunately, these problems would be uncovered in a
title search before you even close on your home.
If you want to brainstorm about anything related to Real Estate dont' hesitate to call or email Denise Wambsganss - Realtor - Your Castle Real Estate 303-880-8771 dwambs@msn.com
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