Well, it seemed that below 3 % was a new low but now we are below 2 % and that is a record breaking low, and I am not talking snowfall water content in January. It is a wonderful 1.99% ina 15 year conventional loan and that is an amazing low. Mix this new low with the incredibly low inventory in the residential market and you have what we call a Buyer's Bustin Market, or at least in the West that is what we call this market and the Denver metro area is in the West.
Take me out to the Ballgame!
When looking at the active residential listings in the Denver area, the neighborhoods differ and many of the amazing purchases can be found in the downtown area and in the condo sector. You may ask why or you may have guessed that condo and deep urban living lost a bit of the shimmer and shine during 2020 when the cities went quiet and the shops, restaurants, museums, gyms and sports venues went silent but that was 2020 and this is 2021. The lights are coming back on and the amenities are thoughtfully re opening with low capacity, but opening. As we move through 2021 and find the pulse of the city begin the low beats of a distant drummer, the desire to dance to that beat will begin anew and
urban dwellers will begin to flow and get low..er as in downtown. The inventory will rise at the same pace as the list prices and the interest rates, so don't miss this opportunity to get in while it is low,
Bor all your real estate needs...contact me at
Judy Fahrenkrog
LIV Sotheby's International Realty
jfahrenkrog@livsothebysrealty.com
100 St. Paul St
Denver, CO 80206
303-888-4760
posted: January 26, 2021 - Judy's Denver - Blog
|
.jpg){kind=small}
.jpg){kind=small}
