Your Denver Real Estate Short Sale and Foreclosure Specialist

Inventory of homes for sale in Denver continues to remain low – in fact there were 42.5% fewer homes for sale this April than last year at the same time!   People who are thinking about putting their house up for sale today may be happily surprised at the number of showings and offers they will receive!  Multiple offers and bidding wars are not uncommon!  Buyers need to have their finances in order and be ready to make full price offers on the most desirable properties.  The shortage has now crossed the below $300K mark and is noticeable in higher… Read More »

According to a report posted by Metrolist, Denver’s multi-list service, Denver home prices show an uptick as inventories are the lowest in 3 years!  The average days on market continues to shrink!  Metrolist’s president says he wouldn’t be surprised to see further price appreciation in the upcoming summer months.  Compared to April last year, the average price for a single-family residence in the Denver metro area is 11% higher, while the number of homes for sale is down by 43%!  Buyers are encouraged to be ready for an aggressive market making multiple offers!  Gear up for a hot summer real… Read More »

According to the Denver Post, the average rate on a 30-year fixed mortgage has dipped to near its record low, keeping home-buying and refinancing affordable.  Mortgage buyer Freddie Mac said Thursday that the rate on a 30-year loan dropped to 3.88 percent this week, down from 3.9 percent. In February, the rate hit 3.87 percent, the lowest since long-term mortgages began in the 1950s.  Many sellers in the Denver market are receiving multiple offers for their properties in good condition.  Inventory remains low in Denver, increasing opportunity for sellers to receive multiple and higher offers than we’ve seen in recent… Read More »

The number of previously owned homes placed under contract in March jumped by 49.2 percent compared with March 2011, while they rose 28.4 percent from February!  Single-family home prices rose by 5 percent from February and the inventory of homes is still low.    Encouraging news for Buyers and Sellers!  http://insiderealestatenews.com/2012/04/home-sales-sizzle-in-march/

Denver-area home builder activity rose by 57 percent in February from February 2011, according to a report released today.  “That is 11 months in a row that we have beaten the same month from the previous year,” said Jeff Whiton, president and CEO of the Home Builders Association of Metro Denver, which released the report.  “Builders say they experienced the best  January and February in five years.”  “A year ago, it was just the lowest price single-family homes that were selling,” Whiton said. “Now, we are seeing bit of a move to more expensive homes. Whether it is a young… Read More »

The Denver-area housing market is performing much better than most cities according to a recent study by the Case-Shiller index, a popular measure of national home prices.   This is a great report with more information! http://insiderealestatenews.com/2012/03/case-shiller-denver-in-positive-territory/  

Sales of existing homes surged this winter, making the spring home-buying season look even more promising. New figures from the NATIONAL ASSOCIATION OF REALTORS® show that sales of existing homes have increased nearly 9% since this time last year!

The low mortgage rates are helping to push housing affordability to record highs. The National Association of REALTORS® reported this week that the average family has more than double the income needed to purchase a median-priced home. We work with a team of mortgage professionals who can give you good advice regarding your home loan options! Mortgage Rates Dip, Hover Around Record Lows realtormag.realtor.org Home buyer affordability remains high as mortgage rates drop around all-time lows again.

Real estate pros are reporting that sellers are more willing this year to price their homes competitively as well as change the appearance of their home in order to lure buyers.   Agents reported that, compared to last year, sellers are more willing to remove clutter; make cosmetic updates, such as minor repairs; “depersonalize” the home; and stage the home to better their chances of getting it sold. Depersonalizing and making it easy for a buyer to imagine him or herself living in the property is crucial to selling quickly and bringing good offers. Buyers are most putting a value on new… Read More »

Inventory of homes for sale in Denver is at a 10 year low and prices are rising in many areas!  The Denver real estate market is heating up and it’s only February!  Multiple offers on well priced homes in good condition are becoming a common event! Imagine the competition for good homes for sale when the traditional selling season blooms this Spring. Most likely, it will be a hotter Spring than usual and Sellers who want to sell at a good price finally will have their chance!