The real estate question of the year: Is now a good time to buy real estate? Here at Carla Knight Homes the new reality of home buying or selling has become clear. Our Golden market shows us that homes are still selling with 2% increase in the list to sale price. The Median Sales Price of single family, townhomes & condo’s combined runs approximate $768000 in the Golden/Applewood neighborhoods. A decrease of 91% in the number of properties sold with an average of 19 days listed as a home for sale.
Breaking it down to single family properties only up 21% in home sale price of $1.07 million, a decrease of 94% of homes available to purchase with an average of 20 days on market.
How does this benefit to add a new home to your
New mortgage loan applications have dropped significantly, so much that 30% of the buyers are still in the market. Less competition than buying a home earlier this year so there is minimal to none above listing prices in some situations buying offers are being accepted at below selling prices! That’s right buying a home for less then asking. Considering less buyers, less competition how about those days on market numbers. Yes, the number of days it takes to receive a buying offer to sell a home means you can take your time or maybe a second look to be sure this is the home you are looking for. There is a strategy we use a Carla Knight Homes looking at these benefits to help your offer be the accepted offer to buy the home of your dreams.
Is Zillow or Redfin the best place to search for available properties?
All real estate buying apps are syndicated. It is unknown the amount of time it takes for 3rd party apps to update with new information. Even though a longer time on market mean more time for buyers the best properties for sale move more quickly. Marketed professionally with a WOW factor is still the first homes to be purchased. So are 3rd party apps the best place? That decision will remain yours, reach out to Carla Knight Homes if you would like an exclusive app that updates homes for sale every 15 minutes. Accurate and reliable for the homes for sale in your Denver metro area.
Reasons why Denver is still a good place to buy a home…
Our market shifts continually but the Denver Colorado market always shows increased value. From October 2021 thru September 2022 Single Family Homes showed 8.22% increase in value in one year. Metro Denver area consistently records from 5% to 8% value year over year. This equals $61369 of equity in your home over the course of a year. Although it has been an extraordinary 2 years in buying real estate, the long haul of home purchasing makes all the difference.
Contact me today if you have any questions, would like to set up marketing updates or would like to discuss selling or purchasing a property. Text or call 720.626.9747.
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