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Strong Denver Real Estate Market Marches On

In Homeowners by Doug Phelps

It’s election season and an incredibly contentious time in the United States. We are cautious to arrive at any conclusions about the direction of the Denver real estate market with the number of social variables at play. Are buyers and sellers waiting for things to calm down following the presidential election? What policies will be implemented about public health and …

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Inventory, Price, and Sales All Up

In Homeowners by Doug Phelps

New homes for sale was 14% higher last week than the last 3-year average with 1,447 homes hitting the market. Eventually, this increased seller activity may lead to rising inventory levels and a slowing of home value appreciation in the Denver metro market.  But not yet. Last week saw 44.6% more homes go under contract than the last 3-year average, …

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Are Sellers Getting Too Aggressive?

In Homeowners by Doug Phelps

These numbers are staggering: 68.5% of all homes sold in the last two weeks sold at or above the FINAL asking price.   59.5% sold at or above the original asking price.   And yet, looking at the remaining 31-40% of the Denver market transactions helps us understand the mindset of sellers, the competence of agents, the importance of property preparation and …

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Did COVID-19 cool the market?

In Homeowners by Doug Phelps

For nearly a decade, the Denver metro real estate market has been a wild ride of record-setting activity. This year with COVID-19, this is even more true. We are here to help you prepare for what’s ahead. Since March, home is probably something you have spent a lot of time in and thinking about. Maybe your dreaming of more space. …

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Denver Real Estate: The Gap Widens

In Homeowners by Doug Phelps

46% more homes went under contract last week in the Denver metro real estate market, than the same week last year.  Fall season typically marks a slowing of the real estate market.  We see a slight decline in home values and reduction in market activity every year.  Except this year.  While an unusually high 1,534 homes hit the market last …

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Red Hot Real Estate

In Homeowners 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 Homeowners 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 …