It was March Madness in the Denver real estate market! We are still experiencing the high demand for the extremely low amount of listings in the Denver area, especially in the $350k and under price range. I just closed a deal which was contingent upon the buyers successful closing of their existing home. It IS do-able, it just takes experience and the know how of how to get both deals done and the right offer written from the get go! Here’s what they had to say about my service: “Lori is a very professional realtor. She helped us in selling our home of 31 years and purchasing our new home. She is very patient and knowledgeable. This was a very emotional yet exciting time in our lives and she was there to help us through it all. She is the best!!!”
Here’s a snapshot of what March brought to the real estate market in Denver:
- The average (including million dollar properties AND condos) days on market was 31 days
- The average sales price in Denver went up to $389,000 ($376k previous month, $356k last year same time)
- The total number of properties sold was 3950 (down from 4014 same time last year)
- Active inventory still low at 4054 listings
- The average 30 year fixed rate on a mortgage at 3.71% with .5 points
We are into the 2016 year and spring with limited inventory. If you are interested in selling, it is a hot market right now! There are ways around to getting into your new home, it just takes a experienced agent. Contact me today!
Lori Vialpando Coldwell Banker Residential 303-324-5731 homes@lori-v.com #DenverRealtorRuns
For a pdf version of the report click here: March 2016
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