Colorado Real Estate

For the last several month news media, both local and national, all the latest gurus from the financial world and real estate worlds have given reports on the Denver, Colorado real estate market. As an agent in the trenches this is my report.

The markets have turned the corner. I have seen more buyer and seller activity in the last 45-60 days from this post that the markets are moving. If you are thinking of buying get it done. Sellers are not moving as much on there prices as even 2 months ago…and they don’t have to. The nice homes in good shape and location are selling regardless of the buyers low balling and looking for the deal. If you want a deal go to the foreclosure market but get in line. I have run into homes that have so many offers on them and they are competing for those homes and that it is driving the prices up! Sellers are putting homes on the market priced to sell at market values and if done correctly the homes are selling within a few weeks. This is not unheard of. Appraisers are seeing home prices and inventory moving and speeding up. Lenders are putting refinancing and loan modifications as a second priority due to increased volume of purchase business. The time is beginning to pass that the deals of the century and lifetime interest rate lows are gone. If you are going to buy or sell in this market you better jump on board now, this train has left the station and things are only going to keep moving and speed up. The Denver, Colorado real estate market is moving and is on the upswing, believe or not!