Ask any real estate agent in the Denver Foothills and they will tell you the same thing, it has been a crazy couple years but things seem to be calming a bit. There has even been some chatter about a buyers market. Those two words have not been put together in the the Denver and foothills area in few years.

 

 

Looking above at the number of active listings, you would think the sellers still have control. Well the homes are selling as fast as they are coming on the market. The last couple weeks we have seen some net positive gains in inventory but nothing huge. This is also a somewhat seasonal trend downward as well. A lot of Realtors in Evergreen and the Denver area like to say we don’t really have seasonal trends but the numbers indicate a different story. Behind the actual data, the stuff they don;t really put into charts, such as multiple offers or crazy seller contingencies. Those of us real estate brokers here on the ground know things are shifting to favor the buyer more. Again it is too early to really say it is buyers market, After all buyers and sellers need to kind of agree that market is shifting. Sellers are really trying to hold onto control. There are still some sellers that believe it is a sellers market. Putting their home on the market way over priced, setting up unreasonable showing windows and not budging off their price on an offer.

 

Looking at the DOM and sale price chart to the left we are seeing a pretty steady hold on the average sale price in Evergreen, Conifer, Morrison and Golden. The blue bar represent the actual closed price. We have had a few dips under $600,000 but for the most part staying steady and seem to be holding value. Even through the winter months. We have seen (not shown on the chart) the Denver home values contract for the first time in years last quarter. The green line on the chart represents days on market as an average. You can see it climb pretty steadily from August to January. Not sure the huge dip February there is really no reason for that and as a whole the market did not feel a surge that represents. I think there was not enough data to pull for our partial month to give a data point. Average days on market is one of the best indicators for how a market is doing and a precursor to the direction of the market and direction that value might be heading. We still have a healthy DOM average for most of the area. 

READ   Summer Real Estate Market Wrap Up

New
$3,590,000
MLS# 7569450
For Sale
7721 E 6th Avenue
Denver, CO 80230
5 BR | 6 BA | 7,631 Sqft | Residential
Custom built Oasis on a 14, 100 sf corner lot. Exquisite attention to every detail. Upgrades include floor to ceiling windows, doors by German made BildauBussman, William O cabinets, Lutron lighting / blinds. Kitchen includes walk in pan (more…)
Laura Allred
New
$3,000,000
MLS# 5069946
For Sale
21403 Gold Rush
Morrison, CO 80465
5 BR | 7 BA | 6,406 Sqft | Residential
Supreme luxury!Contemporary / Modern / Mountain home on 2 acres with easy access HWY-285, 15 min to C-470. Beyond any description, this master piece will keep you in awe as you navigate it room-by-room. 3 Master suites, 2 guest suites pl (more…)
Realty Kee
New
$2,349,000
MLS# 2950187
For Sale
2805 Vrain Street
Denver, CO 80212
5 BR | 5 BA | 4,647 Sqft | Residential
Welcome home! This immaculately maintained, custom built home shows the pride of ownership and superior craftmanship throughout the property. The home was built in 2008 and features 5 bedrooms, 3 full and 2 half bathrooms. The interior l (more…)
Assist2sell, Thompson Real Estate Group
New
$1,830,000
MLS# 5238001
For Sale
2261 S Ogden Street
Denver, CO 80210
5 BR | 5 BA | 4,841 Sqft | Residential
Beautiful Custom Home in Highly Desired Rosedale Neighborhood! Walking Distance to Harvard Gulch! Contemporary Custom with Every Detail. An Entertainer’s Home with Custom Kitchen Including a 60inch Electrolux Refrigerator / Freezer, a Bert (more…)
Re/max Leaders
New
$1,200,000
MLS# 5185076
For Sale
336 Fillmore Street
Denver, CO 80206
2 BR | 3 BA | 2,233 Sqft | Residential
Absolutely stunning two bedroom townhome in prestigious Cherry Creek location, just 100 feet from Cherry Creek shopping and dining! High-end dcor to delight your senses! Security entrance leads to dramatic 2-story entry. Beautiful hardw (more…)
Re/max Of Cherry Creek
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