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]
Is a Fixer Upper A Good Deal
Many people wonder if a fixer upper might be a good investment. Buy a home cheaper and then put sweat equity into it and fix it up the way you want it. Well it turns out that most people end up spending almost as much or more for the fixer uppper than a home that… [Read More]
Buyers take a 2nd look at duplexes
Buyers, take a 2nd look at duplexes because duplexes are a perfect hybrid between single family homes and condos. Less expensive than a single family home and more privacy than a condo. They are not as expensive as single family home because they feature smaller yards and shared infrastructure. And they are not as high… [Read More]
Mortgage Rates Hit a 3 Year Low
Continued good news for buyers as the Mortgage Rates Hit a 3 Year Low. The mortgage rates ended the week with the 30 year fixed rate mortgage averaging 3.55%. That’s almost a full point less than this time in 2018 when the mortgage rates were 4.53%. That allows buyers to buy a more expensive home… [Read More]
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