Offered by Brian Margolis
EXTRA… EXTRA…Denver is the Hottest Real Estate Market in the Country. The cat is out of the bag. What I mean by that is that a lot more home owners have decided to put their homes on the market and to “cash” in. This has increased inventory to almost 10,000 homes on the market as of last month. That is still far below the 2010 summer level of 32,000 homes on the market. Even so, the higher inventory means buyers may have a little more breathing room to find the right home instead of feeling pressured to put an offer on anything available. For sellers, it means there may be only a few offers on those homes under $400,000 instead of dozens to sift through. And yes, there really were dozens of offers on homes over the spring and summer, especially those priced to sell quickly, typically ranging $250,000 or below.
Some may worry that this means we are in a “bubble.” I disagree. We have many more sound fundamentals in our local housing market than we did when there really was a bubble 10 years ago. Interest rates are bumping around but below 5% which is still astronomically low.
So both buyers and sellers are on a more level playing field now, which means a deal can be a win-win! We would love to have you as a client, or maybe even a co-worker.
If you have ever thought about entering real estate, The Margolis Team has now joined Keller Williams (KW) the largest real estate company in the nation. KW has the best training and a local school. For more information call Brian Margolis at 720-352-0454. Of course, if you would like the experience and knowledge of Brian or his Team on your side, don’t hesitate to call/text Brian, your Real Estate Partner.
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