The latest Housing Data from Colorado Association of Realtors continues to show a shifting home market in Denver. The median price of a single family home in the Denver Metro area fell $5,000 to $445,000. Denver metro area single family homes stayed on the market an average of 32 days in August – which is… [Read More]
Archives for September 2019
How Home Buyers Fund Their Home Down Payment
Bankrate.com surveyed 2500 adults to find out how they obtained their funds for a down payment to buy a home. -47% saved the money for the downpayment themselves -21% used home buyer grants or loan assitance programs -21% received financial gifts from family or friend -8.8% retirement savings -7.4% obtained another source of income (an… [Read More]
How Home Appraisals Protect The Buyer
How do Home Appraisals Protect The Buyer? You have finally found the home of your dreams, but there are two other people that are also interested and are submitting competing offers. So you offer a little more to make sure that you win the bidding war. After the excitement of winning the bidding war wares… [Read More]
September Denver Area Real Estate Market Overview
The Denver Area Real Estate Market final figures for August shows 13.2% more homes were for sale (13,442) this August vs August of 2018. Encouraging news for buyers – more homes to choose from and less buyers competing with you. The Average Sold Price is down slightly from last month – from $482,526 to $478,445…. [Read More]
Home Bidding Wars Drop to 8 Year Low
August saw home bidding wars drop to 8 year low. August of last year saw a bidding war for homes on 42% of the offers. Last month the rate of offers involved in a bidding war is down to 10%. That 10% from last month is the lowest biding war rate since 2011. The national… [Read More]
Colorado is the Most Desirable State to Move To
According to a survey by Porch.com, Colorado is the Most Desirable State to Move to – beating out even Hawaii and California. The top states tend to have one thing in common – an abundance and variety of outdoor activities. Even though we think home prices in Colorado are high, people on the east coast… [Read More]