NITA'S NEWS-YOUR DENVER REAL ESTATE UPDATE JAN '17

Real Estate
NITA’S NEWS-DENVER METRO REAL ESTATE UPDATE JANUARY 2017 ?

By the numbers for the entire residential market,  December closed out with 4,265 Active Listings, representing a -2.71% decrease in inventory from a year ago. Average Sold Prices for Single Family Homes are up +9.07% and Condos/Townhomes are up +12.10% in Average Sold Price '16 vs '15 according to the Denver Metro Association of Realtors.  Average and Median Sold Prices in 2016 were $442,467 and $380,000 respectively for Single Family Homes.  Condo/Townhome Average and Median Sold prices $289,691 and $241,000.

The Colorado housing market was strong in 2016 with steady price increases in a number of communities and relatively low inventory to meet the buyer demand.  Denver market ranks second in the nation for rising housing prices and home values have increased 45.5% over the past 10 years.

SELLING a home or investment property?  Many home buyers are anxious to get locked into a low-interest home mortgage loan and “serious buyers” are in the market now.  During the winter months, there tend to be fewer people who are “just looking” than in the spring and summer and more serious buyers. These are often people who must buy for specific reasons, such as employment relocation.  As a result, they are more likely to act quickly when they find the right property.

BUYING a home or investment property? This a fantastic time to get into the market.  My late fall/winter clients felt it was a lot less competitive than in the spring/summer market.  With the threat of interest rates continuing to rise, buyers are seriously considering making the move now.  There are many programs available for First Time Home Buyers to share.  If you know anyone thinking about buying a home, I would be happy to help guide them through the process and show what great programs, including low downpayment options, are available for buyers.

Thinking of buying or selling, or do you have a friend thinking about it? In Denver's demanding market, it’s more important than ever to work with an experienced professional REALTOR®.  If you would like a FREE MARKET EVALUATION of your home or information on selling your home, I would be happy to help you with all of your real estate needs.

Thinking of Buying or Selling, or do you have a friend thinking about it?  In Denver's demanding market, it has never been more important to work with a professional.  
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BIG THANK YOU to all my clients for their testimonials!  I APPRECIATE YOU!!
 

Nita Kolarsick
Coldwell Banker Devonshire
303.250.8280
Nita@NitaHome.com

International Presidents Circle 2016
Top 5% of Coldwell Banker Agents Nationwide
5280's 5 Star Professional 2016

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