Market Info 80223

The 80223 zip code market was solid in this week’s report, as the number of home sales climbed 8.3%, pushing the total to 26 homes sold over the last 30 days. The median sales price climbed to $332,500, up from last week’s $280,250. With only one month of inventory and rising sale… Read more »
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Office | 303-834-1121 Sarah Bowles | 720-837-2724
2010 E 17th Ave Denver CO sarah@cohomesdenver.com
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Real Estate Update for 80224
Colorado-Homes-Denver---2 Jul 6 – Sales in the 80224 zip code market fell to 32 homes sold over the last 30 days, while the number of sellers reducing their list prices reached 29, which continues a solid upward trend in price reductions. Potential buyers should note that prices are coming down in the 80224 zip cod… Read more »
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80223 Market Info

info market 80223

June Monthly Market Stats –

June Market Shows Some Improvement for Buyers

The Colorado real estate market has definitely been geared towards sellers for the most part of last year through today. June’s statistics show some favorable trends though for buyers! Listings for single family attached and detached homes have gone up 13% from May, and are 8% up from a year ago. Buyers now have more options to view and purchase, which will hopefully decline multi bidding wars, leading to frustration.

Unchanging though, is the high cost of purchasing. SFH’s have averaged a sales price of about $419,000, up 3% from May and up 12% from last June. Attached SFH’s averaged a sales price around $293,000.

Another interesting trend is the decrease in under contracts and sold homes compared to this time last year. Detached homes have seen a 4% drop and attached homes have seen an 11% percent drop in under contracts. Sold SFH’s, detached and attached, have declined by 17% ytd. Could this be due to transactions falling out of contract or is it the time of year?

With July upon us, the market tends to cool down as families are traveling before kids return to school. Will July show more of a slow down on homes making it to the closing table, or with more inventory, will buyer’s be more likely to find the right home and go under contract?

Until next month Colorado!

June monthly Indicators Local Market Updates June JUNE SNAP SHOT

“Cool Off in July” – Newsletter

Cool Off in July (1)

~Open House~ Beautiful Estate Home in The Preserves at McKay Shores~ Sat. June 9th, 10-2

Please join us for a Public Open House Saturday from 10-2 at 13904 Beacon St., Broomfield, CO

Open House_13904 Beacon Street_Erin_Sarah

Falling Out Of Contract

Under Contrat

 

 

Your good friends just went under contract on a home, then you hear that the contract fell through.  What circumstances arose to have this happen and what does this mean for your friends?  Watch the video in the below link to learn more.

Falling Out 

Open House! 5715 W. 9th Ave. Lakewood, CO

This Half Duplex lives like a SFH – shared wall is garage wall. Lots of charm and opportunity! Feel as if you are in the country yet within close proximity to plenty of shopping, conveniences and light rail, to quickly bring you into downtown Denver!

$300,000 | 3 beds | 2 baths | 1,852 finished sq. ft.
For more info please click on link: 5715 W. 9th Ave.

May 2016 Local Market Stats

Month of May Shows Steady Climb in Pricing & Inventory

Surprising no more, the average sold price keeps rising in Colorado.  REcolorado statistics show the month of May with an average single family home sold price at $407,662 about a 4% increase from the month of April. Inventory rose by 5% from April, yet is still down by 3% from this time last year. Every other category has seen a rise from the previous month yet new listings, actives, under contracts and sold properties are all down from this time last May.  How will the rest of the summer trend? Will there be more inventory available as the summer progresses to help our Buyer’s or will it stick to trend and slow down as is typical during the summer months?
Until next month Colorado!
ReColorado May Local Market Stats

April 2016 Market Snapshot Denver Real Estate

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Denver Housing Bubble – How Much Time Do We Have Left?

Sarah touches on the increased growth of the median sold home price in Denver.  Is this steady increase cause of concern for Denver’s housing market?  Chief economist with the National Association of Realtors, discusses key elements in the makeup of a housing bubble and thoughts of when it may pop in Denver.

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April 2016 House Market Stats via Realtor

April 2016 House Market Stats via Realtor

C.A.R.’s April 2016 market stats have been published. Look what the market is doing!!! I can agree, that the market is a very interesting one to say the least.

Colorado
Metro District
Mountain District
Northeast District
Northwest District
Southeast District
Southwest District

What do you think? Are you surprised by the published data?

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