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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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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.

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Denver Metro Market Stats March 2020

Market stats reported are Year To Date through March, 31 2020. This data provides a baseline of activity before COVID19 restrictions were put in place. April stats will give us a mix of contracts before and during restrictions and it will be May stats where we truly see the impacts of supply/demand and home values from the COVID19 pandemic .

March data shows: An increase in demand compared to last year, a decrease in supply compared to last year resulting in an increase in home prices.

This info is averaged across the Metro area, some segments of the market are hotter than others! Not everything is flying off the market and anecdotally I’ve noticed the highest demand for homes that are remodeled with the finishes Buyers desire most. The majority of Buyers want a home they can move into with little to no work.