May // market update
May 2021:
The extreme seller's market that began to develop in late January marches on as we enter into what is traditionally the 'busy season' for Real Estate (read: highest # of transactions). Historically this is the time of year where homes sell for the most as our market appreciates seasonally until just after the Fourth of July.
This year may be an exception to our predictable seasonality as homes continue to appreciate at record breaking rates (month-over-month appreciation attached homes: 7.3% + detached: 4.28%). Due to limited inventory and what Economists are calling "hyper demand" homes are selling faster than ever before and breaking pricing records at a steady clip (Average sold price for detached homes: $699,039 + attached: $444,252).
Until we see some relief either on the supply or demand side I predict this market will continue to be firmly entrenched in seller favor and prove to be one of the most profitable places to live in + invest (year-over-year appreciation 24.20%).
I have solutions to the challenges this market presents. Whether you need to sell before buying (and would prefer to shop non-contingent), are a first-time buyer, or just desire to maximize your sale's profitability I'm operating and optimizing these types of transactions weekly. Please don't hesitate to reach out to learn more about how you can capitalize on what is happening.
JUST SOLD:
honored to have had the opportunity to sell my clients investment property that I helped them purchase three years ago.
There were over 12 showings in the first eight hours on the market and we achieved an offer well over list price, with removed contingencies, and a quick close.
Smooth sailing on the sales side!
UNDER CONTRACT:
working with repeat clients to secure this thoughtfully remodeled Park Hill Gem in a premium locale.
UNDER CONTRACT:
after a few tries (which is common these days), glad to have found this lovely Clayton home with TONS of opportunity for my first-time buyer.
JUST SOLD:
another repeat opportunity to work with clients on the sale of their investment property in Mar Lee closing nearly 10% over list price in a little over 3 weeks. This home saw 15+ offers in the first weekend on the market with almost 100 showings from Friday till Sunday.
JUST SOLD:
thrilled to have found and secured this exquisite Sunnyside bungalow for my buyers.
JUST SOLD:
Harvey Park solid brick ranch with such an opportunity. My clients were able to secure this turn-key home AT LIST PRICE. An exceptional rarity in this market.
JUST SOLD:
wrapping up the second to last unit in our new development located in of Denver's most exciting new locales. Proud to have represented the first new residential development in an area poised for rapid growth and transformation!
Looking for investment property? This area is about to experience significant appreciation due to large commitments from developments nearby.
Congratulations to all of my clients making moves in this dynamic and exciting market over the last month!
Please know I'm always here to support you, friends, and family in your (their) real estate journey.
Wishing you all the best!