Patrick Finney, Owner/Broker of CJV Real Estate weighs in on this month’s real estate market in Denver, Colorado: Two key factors– inventory and interest rates– continue to stay at record low levels during the month of June, 2021. That means that the market remains a Seller’s Market. The good news for Buyers, however, is that
May numbers in Denver Real Estate are out! The average close price in May 2021 is 635,060, an increase of 26.9% from May 2020’s average of $500,474. Also the percentage of closed price to list price went up 5.9% from 99.4% in May 2020 to 105.3% in May 2021. What does this mean for sellers?
Happy Summer solstice! Just like the Earth’s seasons, the real estate market follows a predictable cycle. In the early summer months of May and June, as families prepare for the next school year, the housing market heats up with more activity. Increasing numbers of homeowners list their homes and buyer activity picks up. Most families
When planning your budget to buy a home, be sure to think ahead to the ongoing costs of homeownership. Insurance, property taxes, and routine maintenance should all be factored into your long-term monthly budget. Give us a call – your CJV agent can help you to best determine your budget and how much house you
April numbers in Denver Real Estate are out!The most recent stats show hope for buyers while also painting the reality of a market drastically changed by the past 12 months.The bright spots:Active Listings at month end increased 35% from March ‘21 to April ‘21.The 4,662 new listings in April 2021 are up almost 40% from
We’ve all heard the stories: Dozens of buyers, cash offers 10% and 20% over asking price, buyers waiving inspections and providing appraisal gap coverage. With the frenzy of the current seller’s market, it just seems too easy to sell. More and more people are wondering: why even work with an agent to sell my home?
If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. Here are some useful tips to put your money to work for you: One of the best ways to jump start your savings is by starting with the help of your
March roared in like a lion with lots of new records! Price: New record at $674,990, up 6.72 percent from last month and up 19.3 percent from last year! Inventory: March Month of Inventory (MOI) dropped to 0.39 months. Given our current inventory and current rate of sales, it would take 0.39 months or less than
We are in a steep seller’s market here in Denver. Due to the uncertainty of a health crisis, economic unknowns, and an election year, many homeowners delayed their plans to sell. At the same time, people are spending more time at home; they either want to invest in their home or move into their dream home. Record-low mortgage rates are spurring buyers
Check out Patrick Finney’s latest Denver remodel (a work in progress)! From dated and dreary to clean and sleek, this listing will be hitting the Denver real estate market soon!