According to the Denver Post, the metro area home sales are up from a year ago...by 14.7 % and the dollar value is up 13%. The latest mortgage rates are 3.01% for a 15 year fixed, last week it was 2.99%. The number of houses that are currently listed has dropped since a year ago and more houses are going under contract prior to being listed in the MLS!
The water is fine...time to jump in.
Timing is everything and jumping in at the right time is a matter of timing.
With the inventory dwindling, sellers need to stop pacing the edge of the pool...time to jump in because there are buyers wading in. A strong indication that the market is changing is the number of new retailers that are jumping into the Denver area market. Trader Joe's announcement that new stores will launch in the metro area received rave reviews, as well as the announcement that Dunkin Donuts will open 11 new stores. The Union Station redevelopment project has brought excitement to the lower downtown area with a flurry of residential sales. The Four Seasons reportedly put several condos under contract during there 3 week price drop, most will close before the outdoor pools open. Time to jump in!
If you are looking for someone to encourage you to take the plunge, email me at judy@kentwoodcity.com.
Working in the Kentwood City Properties lower downtown office affords buyers and sellers opportunities in real estate that no other location can offer. The marketing materials exceed any in the Denver area and the listing inventory is exceptional, allowing my clients first hand market information and previews of real estate prior to a market launch. Working with a professional realtor is akin to swimming high tide with a lifeguard,...
email:judy@kentwoodcity.com
posted: February 9, 2012 - Judy's Denver - Blog
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