Offered by Brian Margolis
Denver continues to be one of the hottest markets for real estate in the nation. Home values in the metro area are up about 8% from last year. That may sound low to you, but this is actually a very healthy sign. The last three years we have seen double digit increases, which worried many people about a possible “bubble.” I strongly believe that Denver will be a strong real estate market for the next couple of years. With single digit appreciation we can see a healthy market and one in which our children can possibly afford to buy a home.
Affordability is defined as the point where a product is in the price range for most consumers. For home buyers, especially those buying for the first time, the affordability of homes in Denver and the suburbs has been under scrutiny. Prices have gone up so much, that many first-time home buyers have just given up. Three years ago the average price of a home in Denver was $331,000 and now it tops at $435,640! That is a 31% increase.
Hopefully, this why when we are seeing single digit growth this year, I believe it is a good thing for future homeowners including our children, who want to live in our beautiful state.
The Margolis Team knows the local market. We just competed against other Realtors for a listing in Todd Creek, and we won the Seller’s trust. We listed the home over $25,000 of what the other Realtors suggested, and we were able to get them a full price off er in the first week! Knowing numbers, communicating, and how to price a home are the things most Sellers want from a Realtor. The qualities of experience and excellent customer service is why you want the best on your side. Call The Margolis Team at 303-835-4534, visit our website www.TheMargolisTeam.com, or text me, Brian Margolis, at 720-352-0454. Go Broncos!
Finally, thank you all who supported our Brighton Rotary Club‘s peach sale this year. I gave up my article space so Rotary could advertise our peach sale the previous two months.
Click here to view The Margolis Team on The Brighton Buzz Business Directory