# of Closed Sales: 29
Average Days on Market for Solds: 22
Median Sales Price: $405000
# of news listings: 21
Months of Inventory Last Month: 1
The Denver Metro
market continues to be red hot. Our community is leading the charge with
10% appreciation since January 2017 (pre-recession appreciation historically is
3 – 5%). And while during this time of the year, it is common to see
homes on the market a bit longer. Since
December 2016, there have been no significant market changes to make us think a
change in the market is looming.
However, with tax overhaul and interest rates increases, we may see a
cooling. Best advice…while the market is
still robust, we recommend being very judicious on pricing. A properly priced home may garner more
showings and multiple offers (yes, it’s still a thing), and get you to the
price you dreamed of.
We will continue to
monitor the market for any major shifts we see, so our neighbors are alerted
first! Stay tuned!