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Morrison, Colorado Real Estate Market Analysis
Market Overview
The property market in Morrison, Colorado, has been a vibrant and evolving sector. As of May 2023, there have been considerable changes that have influenced the property investment landscape in the area.
Property Pricing and Sales
Properties in Morrison have been listed at an average price of $550,000, with sales often exceeding the list price by 1%. This trend indicates a robust demand for properties, with buyers showing a willingness to pay a premium over the asking price. Properties in Morrison typically stay on the market for around 31 days, suggesting a relatively swift turnover for sellers.
Shift in Market Dynamics
The second half of 2022 marked a significant transition in Colorado’s previously fast-paced real estate market. This shift has introduced a new dynamic in the property market, impacting both buyers and sellers alike.
Median Price Trends
As of April 2023, the median price in the broader Colorado housing market stood at $565,000, representing a year-over-year decrease of 5.8%. This downward trend has been beneficial for buyers who may have been previously priced out of the market, indicating a shift towards a more balanced market.
Morrison’s Market Performance
Despite the cooling down of the broader Colorado market, Morrison’s real estate market has been thriving. The median listing home price in Morrison was $829.6K in March 2023, marking a year-over-year increase of 32.2%.
Recent Market Activity
The past week has seen a flurry of activity in the Morrison real estate market. There have been 10 new listings, 2 upcoming listings, and 1 property back on the market. This surge of new properties provides potential buyers with a wider range of options. However, the market remains competitive, with 13 properties going under contract in the same period.
Price Fluctuations
The market has also witnessed some price fluctuations, with one property increasing in price and ten decreasing. These price changes reflect the ongoing negotiations between buyers and sellers in their quest to strike a deal. Despite these fluctuations, five properties have successfully closed in the past week.
Morrison Real Estate
In summary, the real estate market in Morrison, Colorado, is a dynamic and evolving landscape. Despite broader market trends, Morrison continues to be a sought-after location, with strong demand and a steady influx of new listings. Whether you’re a buyer or a seller, staying abreast of these trends is crucial to making successful real estate decisions.
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Orson Hill Realty is a real estate company in Evergreen, Colorado that serves the Denver Foothills and the Denver Metro. Orson Hill Realty can assist in any size real estate transaction from small land listings to luxury listing agents and buyer brokers.
Orson Hill Realty has experienced listings agents and buyer agents. Our Realtors know how use high tech digital marketing mixed with old school marketing to sell your home faster and for more money.
This technology also helps buyers find their home faster. That way a buyer never misses the perfect home again. Any real estate agent in this day and age that doesn’t leverage technology is not doing their clients any favors. All Orson Hill Realty real estate agents are Realtors.
Orson Hill Realty is a full-service Colorado-based real estate company that offers professional real estate agents and brokers to assist you in your buying or selling process. Our agents are well-versed in the local community and have a strong online presence, making them highly effective in their field. For buyers, we offer online listing alerts and a user-friendly portal to facilitate an efficient home search, with access to homes not yet on the market, and for sellers, we advertise on a wide range of listing websites to ensure high visibility for your listing.
As realtors, we are dedicated to upholding a higher level of ethics and experience in our business, and we are deeply invested in the community, with active participation in various local events and activities. Our real estate agents possess a wealth of knowledge on the local area and know how to negotiate the best prices for your needs. We offer excellent services for luxury homes and horse properties, although we handle any size real estate transaction with utmost professionalism.
Our company places a strong emphasis on technology, recognizing the importance of an online presence to meet the demands of our fast-paced industry. With multiple high traffic websites and digital marketing strategies, we ensure that your property is marketed throughout the internet to reach a wider audience. We are dedicated to providing luxury services to all our clients, regardless of the price point.
Orson Hill Realty
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