In this market with limited inventory, I’m calling this week a success. We were able to persevere in the $500K range and get one of our first time buyers Under Contract! Yeah!! WE also obtained a new listing in University Park. I’m calling it “NEW CENTURY MODERN”. It has THE BEST contemporary finishes from top to bottom including a solar system, heated floors and a professionally finished basement. It will be in the $2.2M price range with showings available within the next week.
Additionally, we still have buyers voraciously seeking shelter in Wheat Ridge in or around $900K. We have another client seeking shelter near Cheesman Park, Governor’s Park or Capital Hill in an amenity building in or around $400-450K. On this one, we keep losing to “cash buyers”, bummer… And, we have a buyer looking around $1-1.5M in Cherry Creek High School.
We have several buyers not quite here yet, but they will be coming in from Charlotte, NoCal, FL and TX. Long story short, If you have a property to move in this market, we have the buyer for it in hand. ARE YOU READY TO RUMBLE?…. That’s what it feels like some days.
Finally, I know rates have moved up a bit from a year ago, but what hasn’t. I often wonder if we are starting to pay what intrinsic value is rather than cost. Who knows, but with values increasing and rates increasing, month cost for a home will continue to move during 2022. The “water is warm, dip in now, don’t wait”…