Last Week ending June 25th 53.9% of properties sold below the original asking price, and 34.1% of sellers reduced the price on their homes for sale. Inventory continues its march to a level we have not seen in over a decade, hitting 9,597 homes for sale last week. At this pace, we might see an… [Read More]
The Rebound of the Denver Real Estate Market Behavior
Let’s look back a year. 2022 saw a meteoric rise in home values in the first four months of the year, driven by incredibly low interest rates in the 3% range for a 30-year fixed mortgage and the lowest inventory on record in Colorado. The average price per square foot for a single-family home in… [Read More]
Why no Inventory?
Did you buy or refinance while rates were at all-time lows? The resulting low monthly mortgage payments will keep homeowners slow to the market and inventory relatively low, for now. Life events or investment strategies drive most real estate moves, and I can help with either! #investment #realestate #life #wealth #colorado #denver #kencaryl #brighton #millennial… [Read More]
Different Types of Deeds
In Colorado, the Seller usually pays for Title Insurance for the Buyer (unless the contract has been checked by the Buyer that they will choose and pay). Within the contract, you can decide what type of Deed you want to give the Buyer. There usually isn’t much difference in cost, but we would always recommend… [Read More]
Denver Real Estate Market Summer 2022
We are exactly where we expected to be. The only unanticipated change to the Colorado real estate market is the speed at which we experienced the impact. Seemingly overnight. Yet, we’ve been expecting this since January. There is a direct correlation between the rapid rise in mortgage interest rates in the spring of this year… [Read More]