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.
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Orson Hill Realty
Real Estate Agents at Orson Hill Realty for Buying and Selling Your Home
Our real estate Agents and Brokers are all Realtors so you have a higher level of ethics and experience. Our staff is also Very Active in the Community – All Orson Hill Realty agents and brokers are local and love their community. We strive to keep our hands on the pulse of the community by being involved in every aspect of the area. We volunteer, have open houses, work at our schools and local sporting events. Don’t forget to visit or get listed on our local business directory! Have a piece of mind when you hire Orson Hill Realty Realtors. Know we will handle everything in your real estate transaction professionally and ethically. The broker/owner of Orson Hill Realty is also a Realtor in Southwest Florida. We would like the opportunity to win your business. Buyers and Listing Agents…
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Real estate agents understand the importance of an online presence and the best technology for our buyers as well as our sellers. For buyers our technology is important because in this fast paced real estate market you need to be notified immediately when a home becomes available on the MLS (Our multiple listing service) You can also do a very detailed home search through our portal that is updated multiple times a day to have the newest and freshest information on homes being listed, sold and going under contract. We also push all of our listings out to a huge amount of online sources, so that you can find your new home with ease!
