| Denver Real Estate Market
With much of the nation’s housing market struggling, there is reason to be positive about the near future here in Denver. While the S&P/Case-Shiller US Home Price Index has posted record annual declines for the past two quarter, in recent months Denver has led the nation in appreciation for the major markets studied. This high level statistic is supported by the National Board of Realtors most recent report which placed the Denver housing market among the top five cities in which to purchase a home. Their study drew from current economic trends for the area, such as job growth, as well as historical real estate appreciation for the area. Denver has not experienced the “bubble” with respect to appreciation that is currently driving the problems seen in other markets. Rather, the appreciation rate for homes in Denver has remained steady, creating stability in spite of the challenges currently seen at the national level.
With positive overall trends, sellers are still cautious and their homes are competing with a record number of foreclosed properties. This pressure is having a greater impact on home owners at lower price points, while sales of Denver luxury homes remain largely unaffected. Overall, the months supply for homes has ranged from 7 to 10 months depending on location in and around the city. Six months of inventory is considered the equilibrium point where the market is not more advantageous for buyers or sellers. Thus, Denver is currently in a cycle that is considered a “buyer’s market.” While this is the overall condition of the Denver housing market, there are many micro markets within that vary from the overall trend. One example is the downtown loft and condo market which remains very strong for sellers.
Investors and home buyers alike have targeted these residences as highly desirable, driving a lower supply and shorter days on market for seller's.
Given the micro market conditions, the importance of selecting the right real estate agent for representation is more critical than ever. Sellers need the best marketing available to move their home and capitalize on their investment. Further, having professional analysis with respect to pricing properly from the start could make the difference in selling in weeks or months later for a lower price. For buyers not every area of the city is appreciating, so what may seem like a good deal could be a poor choice. The use of an agent who is experienced and really knows unique the in’s and out’s of the Denver market could be the difference between success and failure in what is most people’s largest investment. Please contact us today at agents@mynewera.com for additional information on hot areas in town or to learn about our unique marketing plan for your home.
With 300 annual days of sunshine and the nation's largest public park system, Metro Denver residents dabble in everything from skiing to hiking, mountain biking to river rafting. Perhaps that's why Metro Denver is the fittest city in the U.S. which also makes its workforce healthy, active and fit for business.
Denver Real Estate Agent Qualifications
If you are thinking of selling your Denver property, go with a real estate team who has been working in Denver for over fifteen years. Our team has closed on hundreds of Denver homes, condos and land. We go the extra mile to assure that your transaction is our first priority.
Search the Denver MLS
I know it's tough, there are thousands of homes for sale in Denver. Be prepared and use our Denver Home Search to not only search for homes, but also save your searches and get notified each day of new properties that hit the Denver market. Take some time and explore our comprehensive Denver lofts and condos guide, search all Denver homes for sale and ultimately choose a Denver realtor who will represent you honestly and fairly.
Denver Lofts and Condos
We are proud to present the most comprehensive Denver lofts directory in the city. The loft and condo market in Denver remains very strong. More and more individuals and family are tiring of suburbia and long commutes and purchasing lofts and condos.
Denver is Growing!
Maybe you are not interested in Denver real estate per se, maybe some of the outlying areas are of more interest to you. Check out the list of Denver Neighborhoods and communities and then search the Denver MLS to see if you can find a home that meets your needs!
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