Real Estate Market Summary The big headline these days in the Denver real estate market is the massive drop in inventory (homes for sale) over the past couple of years. In the past 12 months the price of homes under $85k has risen a massive 19%. Homes between $85k and $135k are up 10%. Homes from $135k - $210k are up 6%. It’s only when you get to prices above $300k that prices are still dropping (down 13% for homes priced above $460k). The key to buying or selling a property successfully is to understand what the market is telling us. Right now it’s telling us that there are not enough homes on the market in the under $300k segment. Please feel free to call me to discuss this further and see how you can make this market work for you whether you are a buyer or a seller. In 2009 approximately 43% of homes sold in Colorado were REO’s (Homes that had been through Foreclosure) in 2012 only 7% of the homes on the market are REO’s (Homes that have been through the Foreclosure process). BIG CHANGE. To summarize Here’s something many people don’t know – the inventory of homes for sale in the Denver metro market is at a 10 year low! There are not enough homes for sale that are priced below $315,000 for the amount of buyers looking to purchase a home. Most of our clients still think it’s a strong buyer’s market and that they can get a great discount on a property with little effort. But the market has changed radically in the past year and this is no longer true. This shows that the Metro Denver housing market is VERY ECLECTIC. I would be happy to consult with anyone who is interested in buying or selling a home. My ability of accessing information about individual neighborhoods is a crucial part of what makes me a Real Estate Consultant, not JUST a Real Estate Agent. Please feel free to Call Denise Wambsganss – Realtor – Your Castle Real Estate 303-880-8771 or email me at dwambs@msn.com