December Market Snapshot

# 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!