Did you know the average residential home price in Metro Denver has risen 10.5% since last April?

Did you know the average residential home price in Metro Denver has risen 10.5% since last April?

This April, the avg residential home price was $275,241, according to Denver Metrolist.  In April 2011, the average was $246,340.

So what does this mean for you?

Well, if the current trend continues, based on a $200,000 house, currently listed for sale, you can expect to pay  $5,220 by waiting 3 months and $10,440 more by waiting 6 more months.  And these numbers don't take into consideration any rise (which may or may not happen) in interest rates.

Here's what we know, as the pendulum that swings back between seller's and buyer's markets, begins to swing back to favor seller's, any concession in pricing from seller's will evaporate...and so will the chances of finding great bargains. 

Call me today, to get things moving...

Cynthia M. Parker (303) 300-8989

April Market Snapshot

So, what is happening in our local real estate market?
This market is super hot.  In some neighborhoods, house are selling in days, not months.  Many buyer's are facing multiple offers and competitive bid from competing buyers.  Overall, in Metro Denver, inventory remains low at 42% down from this time last year.  All this, and new historic new low interest rate means that the prime selling and buying season will be unlike anything we've seen in recent years...

The market is heating up....don't be left behind. For a more detailed report on your specific area, visit: Home Market Report or call 303-300-8989, to speak with us directly.