All major statistical categories point towards the market slowing down. Days in the MLS went up 120 percent since last year at this time, and the close-price-to-list-price ratio dropped below 100 percent for the first time since July 2020 to 99.41 percent. Meanwhile, the median sales price decreased 2.54 percent from the previous month. “While… [Read More]
AUG/SEP 2022 NEWSLETTER 🎙️
TO MOAT, OR NOT TO MOAT? IS THAT EVEN A QUESTION?! While most of us “normal people” are busy deciding what color to paint a room, uber-wealthy architects have some tough choices regarding the design of their luxury estates. In this month’s example, this guy must have thought, “If I’m going to build a castle,… [Read More]
Market Trends Report | AUG. ’22📺
The data confirms that the Denver Metro area is no longer in a shifting market. Instead, it has shifted, and the real estate market is more balanced. Month-over-month, the market is down 3.33 percent but compared to last year, it is still up 11.04 percent, indicating that a more balanced market, combined with slightly decreasing… [Read More]
Market Trends Report | JULY. ’22📺
As month-end active inventory skyrockets, the Denver Metro hit a new record for the average price of attached properties at $504,193. At the end of June 2021, Denver Metro ended with 3,122 properties on the market. It has almost doubled over the year, with a total of 6,057 properties currently sitting on the market. Buyers… [Read More]
Market Trends Report | JUNE. ’22📺
After consecutive months of appreciation, negotiations, and bidding wars, modest numbers this month became a sign that the market has returned to a semblance of ‘normal.’ The housing market ended May with 3,652 properties on the market, representing an increase of 448 properties from the previous month, which is seasonally on-trend. In addition, closed sales… [Read More]
MAY/JUNE 2022 NEWSLETTER 🎙️
HOUSING MARKET UPDATE A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty. — Many people I have spoken with have no idea what to think about the current housing market. The media leads people to believe that we are in another housing bubble but that it’s a “different type… [Read More]
APR/MAY 2022 NEWSLETTER 🎙️
What Does Rising Inflation Mean for Real Estate? Not only have high winds been relentless this month, but the winds of change may also be upon us. Anyone not living under a rock has probably noticed higher prices for gas, groceries, and just about everything else. Although the inflation rate was already rising at the… [Read More]
Market Trends Report | APR. ’22📺
With a significant increase in month-end active and new listings hitting the market, a slight seasonal shift will positively impact buyers who have started to feel fatigued in the residential market. At the same time, current homeowners continue their unprecedented growth in equity. With a historically high average sales price of $705,812 and increased interest… [Read More]
Factors That Impact Affordability👌
You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. No doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now unaffordable. Three measures are used to establish home affordability: home prices, mortgage rates,… [Read More]
FEB/MAR 2022 NEWSLETTER 🎙️
REAL ESTATE NEWS Many people feel the pressures of this housing market and rising costs of living. There has been a lot of competition for homes, even in the luxury price segment of the market. Please take a look at our Market Snapshot in this newsletter. At the end of January, Inventory was meager at… [Read More]