Highest Listing This Week for a Penthouse in SoHo! Can you quess how much ?!!?? .......$65 MILLION= 8000sqft + 4Beds + 6Baths The kitchen reminds me of a
Denver Metro Area Home Prices Still Rising Find Out Your Homes Value Instantly
The Denver Metro area home values continue to increase.
Although a higher number of new homes are being built in the Denver area, sales and closings are keeping pace with summer trends creating a 10% drop in the number of finished vacant houses on the market. Additionally, rising labor and supply costs are creating the lowest supply of new build vacant homes since 2006, according Denver Housing Overview by MetroStudy. As this trend continues investors will most likely see house prices rise and inventory numbers stay relatively low even with a continual rise in sales of new builds.
The resale market is also experiencing a very low inventory of available homes and a rise in overall cost. This tendency towards a low inventory is expected to continue as well as create a steady rise in the median cost of a home in the Denver Metro area as more people move into Colorado.
Therefore, despite a rise in starts and closings, the biggest hurdles to cross in 2016 will be an overall rise in home prices, a strong demand for new homes above $400k, and little to no finished vacant homes available below $250k.
If you are thinking of selling your home, find out what your home may sell for in this HOT market.
If you know anyone looking to buy or sell a home, please contact me.
Call or text me at 720-837-8191 or email me at firstname.lastname@example.org
I'm here to help!
Denver Colorado Realtor - Shae Bordewick. As an experienced real estate agent and a certified negotiation expert, I help buyers and sellers achieve the best price and terms possible. I work throughout the Denver Metro area, but I specialize where I call home, Littleton Colorado. Feel free to call me for a complimentary marketing consultation and let me show you how I can maximize your return on your real estate investment. Shae Bordewick 720-837-191 or email me at email@example.com
As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....