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Red Hot Real Estate

In COVID-19, Market Trends by Doug Phelps

The Denver Metro real estate market shows no signs of slowdown after a gigantic bounce back from the March/April shelter-in-place public health orders. Inventory levels remain a concern however, as single-family homes are at their lowest levels, likely ever-seen in the Denver market this time of year. The month of June 2020 saw the most active real estate market in …

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Is The Market Back?

In COVID-19, Market Trends by Doug Phelps

Be patient in arriving at conclusions about the direction of the Denver real estate market. What remains to be seen is whether Denver slows in appreciation with continued national job loss, election year, economic questions, forbearance and societal disruption. Or, is Denver the tip of the spear, leading the local and national economies out of a period of hibernation? Some …

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Buyer and Seller Activity Sees a Substantial Increase

In COVID-19, Market Trends by Doug Phelps

We anticipated a surge of consumer activity in the Denver Metro real estate market as the public health order ban on in-person showings expired at midnight on Sunday, April 26th. Buyers and sellers were not disappointed as more homes hit the market and showing activity for a Monday and Tuesday was the highest seen yet this year. NOTE: The weeks shown …

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Buyers Go Virtual, Sellers Remain Cautious

In COVID-19, Market Trends by Doug Phelps

In-person showings have not been allowed in the Colorado market now for two weeks.  Yet in the Denver metro market, we see continued signs of strong market performance despite job market challenges and national economic concerns. Fueled by low interest rates, low inventory, and consumer adaptation to virtual showings, more than 63% of homes sold last week, sold at-or-above the …

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Metro Denver Real Estate – A Sure Bet?

In COVID-19, Market Trends, Selling by Doug Phelps

Your odds of winning the Colorado Lottery … 1 in 5.3 million.Your odds of winning PowerBall … 1 in 292 million. Your odds of winning (making money) when selling residential real estate in metro Denver sometime in the last 26 years … better than 4 in 5! No matter when you bought or sold a residential property in the Denver …

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Big Shift in Real Estate?

In COVID-19, Market Trends by Doug Phelps

We are seeing aspects of the market understandably respond to job loss, the shelter-in-place order and economic challenges.  At the same time, we are seeing signs of consumer adaptation and continued strong market activity fueled by positive aspects of the Denver economy and real estate market.  So has there been a BIG shift? 

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Navigating Denver Real Estate

In COVID-19, Market Trends by Doug Phelps

For the moment, Denver is still a strong sellers’ market as inventory remains low and interest rates continue to attract buyers. However, we remain circumspect arriving at conclusions about the direction of the market. So many factors are at play between the stimulus package, lost jobs, shelter-in-place order and direction of the US economy.

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Real Estate In Turbulent Times (Through Weeks 12/13, 2020)

In COVID-19, Market Trends by Doug Phelps

Last week, we established a baseline for the Denver real estate market through Week 10 of 2020, or prior to any presumed market impact from COVID-19. Our intention is to write fact based and data driven analysis versus sensational reporting.  We maintain that commitment.  However, this week is more conjecture as we endeavor to provide interpretation of any patterns we see evolving.