Is seems almost every week, Dee or/and I are in some sort of educational session. This week, Dee came back to the office with a new expression. David Mandarich of Richmond Homes/MDC fame was in attendance at our weekly sales meeting. During this meeting, Mr Mandarich referred to all the new apartments in Denver as “Incubators for future homeowners”. We are certain too, the future of homeownership will have a footprint in one of today’s new apartment complexes. Sooner or later, kids, pets and hobbies attract almost every household (65%) into homeownership.
With all this being said, “The future’s so bright, we will all need sunglasses!”
New Listing (1175) I would expect this number to be larger.
Back On Market (204)
Price Increase (87)
Price Decrease (724) I’m guessing a few sellers were too bold in pricing!
Under Contract (1447) Wow! These are midseason numbers!
Sold (1281) Here too, we are seeing quite strong seasonal growth.
So, not a bad week. With roughly 8,000 MLS active listings, this data is telling us there is less than 2 months supply going into the spring season.
Remember, “Failure to plan is a plan for failure”. Give a call and let’s discuss your plan. We can’t wait to hear all about it…tc