Winter 2023 – What Gets Overlooked When Selling?
Most People Know You Can Shelter 250k As A Single Person And 500k As A Married Couple But Do People Realize You Also Get To Up The Basis In The House To Help Reduce Your Profit Calculation At The Time Of Sale? For Example, My Accountant Said The Following:
Fall 2022: Denver Housing Market Update
We have heard the buzz about a so-called “balanced” housing market in the past few months. Though it is hard to say when we will hit a proper balance, and a breath of calm, perhaps the real question we need to ask ourselves is “What is a balanced market?” and “What is best for me?” We don’t have all the answers yet (and that’s okay).
Summer 2022: Denver Housing Market Update
This past year, the Denver market has been in flux. However, in the past month or so, we have seen headlines foreshadowing doom and gloom. These headlines, although scary, don’t predict the true nature of Denver’s market.
While pending home sales are down almost 3% from last year, it is far from a crash. Instead, we are seeing the market cool down after a few years of the pandemic. Prices and interest rates are higher, meaning more people are holding off on leaping into home ownership. But still, demand remains high for good homes priced correctly.
Spring 2022: Denver Housing Market Update
Since the start of the pandemic, the perfect storm of circumstances has sent home prices soaring. Record-low mortgage rates and the ability to work from home have spurred Americans to move, country-wide, and the Denver Metro has been no different. Now, even as we’re seeing interest rates begin an upward trend, housing inventory is at record lows, driving prices even higher.
Winter 2021: Denver Housing Market Update
2021 was an insane year filled with some of the most vicious bidding wars in Denver’s history. More homes were purchased in 2021 than in any previous year (63,684). It was far from uncommon to have buyers offering large sums over asking price in an attempt to seal the deal. In fact, at Hatch alone, we saw an offer come in at over 30% over asking on one of our listings! The buyer frenzy last year was driven by many factors, including historically low mortgage rates, and newly acquired locational freedoms brought about by COVID work-from-home policies. Yet another factor was buyer demand outpacing supply by a huge margin not likely to self-correct anytime soon.
So the big question as we head into 2022 is: Are buyers looking at a repeat of last year in the Denver housing market?
Fall 2021 Denver Market Update
Fall 2021 Denver Market Update Between back-to-school transitions and trying to squeeze in the last camping trips for the season, the 3rd quarter is often one of the slower quarters for real estate here in the Denver market. However, an uptick in activity and other signs point to a strong market as we move into […]
Summer 2021: Denver Housing Market Update
Summer has arrived on the Front Range of Colorado, and the Denver housing market has stayed consistently warm to match. Despite claims of a “cooling off,” the numbers suggest something less dramatic. Four major metrics hit their seasonal peaks in June: number of closings, average closed price, median close price, and new listings. While yes, […]
Spring 2021 Market Update
Spring has certainly roared in like a lion in the Denver Metro real estate market. The weather is warming up to match the pace of the white-hot housing market. If early sales stats from the Denver area are any indication, we’re in for an interesting ride as we progress through 2021. Here we are one-year post-COVID, […]
