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What does average look like?

Price is relative to location so let’s so let’s check out what average looks like in 3 popular suburban areas. Starting with detached single family; Aurora is offering some of the best values with the “average” sold home in July coming in nearly $150,000 below the overall metro area. In Littleton on the other hand, you’ll be looking above the overall metro average. And in Arvada you’ll be just below with an average sold home coning in around $575,000.

Looking at condos and townhomes; Aurora once again is offering a great value at $100,000 below the overall Denver metro area. Arvada and Littleton are both below the overall metro average as well with condo’s and townhomes selling on average for around $320,000 in Arvada and just under $360,000 in Littleton.

Did I miss a neighborhood or area you’d like more information on? Please reach out and I’d be happy to answer your questions and be of assistance. I look forward to hearing from you to answer your questions and help unlock the home of your dreams!

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Home Buyer What & Why

In preparation for your search I encourage you to complete the What & Why worksheet below and return by email or when we meet. This helps identify your priorities and understanding the why behind key elements to ensure we find the best home possible. Feel free to download the image below or use it as a guide/template.

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Prices & Inventory Levels in 10 Popular Denver Suburbs

Price is relative to the area so let’s check out which popular suburban areas are most affordable to live and where you can expect to pay a premium.  

This slide contains average sales price along with a snap shop of inventory levels by price range for 5 of the most affordable suburban areas.  

Aurora, Thornton and Westminster top the list for most affordable with average detached single family prices nearly $100,000 BELOW the overall metro area.  The areas highlighted in yellow show where the most inventory is available for properties priced below $300,000. Aurora has the most inventory available in both the entry and mid level price points. 

This slide contains a snap shot for 5 of the higher priced suburban areas. 

In all areas demand is greater than supply in the entry and mid level price points. When you start looking at the luxury markets supply and demand is dependent on the area.  

You probably noticed the city of Denver was left off, this was intentional as Denver has some of the highest priced areas and lowest priced areas. If you have questions about specific neighborhoods or areas I didn’t cover please let me know so I can share that information with you. 

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Buyer Demand through COVID19

Updated 6/4/2020: This data depicts the number of showings and new contracts each weekend through the various phases of COVID19. It’s important to note that these numbers are based on a Friday to Monday weekend and not a 7 day week. As you can see the Stay at Home Order slowed market activity significantly; however, even when in-person showings weren’t allowed our market was still moving forward. With the return of in-person showings across the Metro area, strong Buyer demand quickly resurfaced.

5/2/2020: This data depicts the number of showings and new contracts each weekend through the various phases of COVID19. It’s important to note that these numbers are based on a Friday to Monday weekend and not a 7 day week. As you can see the Stay at Home Order slowed market activity significantly; however, even when in-person showings weren’t allowed our market was still moving forward. Interestingly enough new contracts have been trending at nearly a 1 to 1 ratio to new listings through March and April. While so far things are still indicating a strong real estate market for the Denver Metro area, the data from the next couple weeks and months is when we’ll see if our market is in for a shift.    

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Top Recommended Paint Colors

The topic of paint colors comes up frequently with friends and clients so I’m sharing my list of my top recommended colors. My personal favorite is Agreeable Gray, it’s a warm neutral that provides the perfect backdrop to any room on it’s own or blends in well with your favorite pops of color.