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The chart of the entire Denver MLS below tells us the same story the real estate market has told for a few years now. Real estate agents across the state has seen a crazy sell off over the last week. The market is still leaning a bit towards the seller’s side. The market is still very healthy and seems to be holding value and the sellers seem to be seeing an easy sell. Buyers are not being pushed around too much as you can see by the number of price deceases across the entire MLS. There was a time that you saw very little need for sellers to adjust the price of their listing. There was such a furry of selling that the sellers could pretty much set their price and sit back and wait for the offers to roll in. Those days are pretty much gone but it is still pretty easy to sell a home anywhere in Colorado in a short amount of time.
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Average Sale Price $472,973
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Evergreen, CO
Evergreen, CO real estate has been wild for the last 5 years. Unlike the rest of the Colorado market Evergreen holds a high amount of desirability for people moving to Colorado. The best things about the area are that it is a small town feel and close to Denver and the ski resorts. With Evergreen’s central location to everything people love about Colorado the demand for homes in this mountain town have always been higher than supply (at least in the last 5 years). The chart below tells real estate agents and the market that Evergreen is still selling more homes than are being listed. The one interesting stat is the price decreases again. This is the last ditch effort of sellers to sell the home before our summer selling season comes to an end. It is also an indication sellers might still be testing the market to see what they can get away with.
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Average Sale Price $642,907
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Golden, CO
Golden, CO is one of the coolest areas in the Denver Foothills. For such a large area the market has not seen too much selling in Golden. With the fun downtown area and nightlife in Golden and the great restaurants by the river, Golden is just a fun place to live. The market is seeing the same pattern as the overall MLS. Although we are seeing a lot more price decreases and more new listings than sold. This is a good sign for buyers. This may mean that real switch in market movement many have been hoping for. Sellers can’t be too upset as the market has appreciated so much in the last 5 years that a little market correction can’t really hurt their bottom line too much. It will be nice to see buyers gain a little control in Golden.
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Average Sale Price $579,014
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Denver, CO
Denver, CO (Denver Metro area) is starting to see a balanced market as well. With a large amount of price corrections and as many new listings as sold we are seeing the same story in the metro area. The real estate market is seeing a nice balance. Balance is good for buyers and sellers. As anyone that follows the stock market or any other trade able commodity knows it is not in the best interest of most (the ones that sell at the right time make out great) to create a bubble. Not saying we have a bubble but there was a risk at one point. Nothing can continue to go up at a crazy rate and sustain those values. Then when their is a correction the correction is much greater. The values seem to be holding well and there is no sign of a bubble or a major correction. Just a leveling of the market.
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Average Sale Price $517,178
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The overall real estate market looks healthy to this old real estate agent
Although all the years I have been in the real estate business across the country (including Florida in 2007) I have never seen such a consistent and solid growth. Now the market seems to be gently finding its level playing field. Not a correction but the nice gently buyer and seller playing field. It is always nice to see one side gain advantage without a major correction.
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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…
We Want to be Your Real Estate Agents…
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!
