Offered by Brian Margolis, The Margolis Team
Has the 2018 real estate market been as hot as 2017? Yes it has. We have been up 9% each month the past few months from this time last year. That was the same percentage price increase from 2017 over 2016. That is incredible because prices just continue to go up. The average price for a home in the Denver metro area is now over $500,000 at $500,560! Condos are even stronger with a 15% appreciation the past few months and the average price of $353,277!
The market continues to strengthen. Not all price ranges have had this growth but the less expensive side of the average has seen even greater growth.
What does all this mean? It is a great time to be a home owner. Four years ago in 2014, the average price of a home was $349,797! Homeowners are gaining incredible wealth. If you have been on the sidelines or thinking about moving, it is in an incredible time to buy and sell. Interest rates have gone up in 2018, but the market has not slowed. That shows you how strong the demand in our area is.
If you have been thinking about Selling or Buying and or investing in real estate, call you local professionals at The Margolis Team at 720-791-5999, stop by our office at 410 Strong Street next to the TBK(Valley) Bank or visit: www.TheMargolisTeam.com We can help you with new construction as well.
From all of us at The Margolis Team, have a happy and safe 4th of July!
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