Good Morning All You Wonderful People!
We continue to observe a very strong and active market. Last week, all price points seem to be hitting on all cylinders! We even saw a property over $8M go under contract setting a new high for the year.
As we do every week, the last seven days of MLS activity is briefly presented for your review. Now very close to the end of 2018’s Q1, in the coming weeks, we will try to put some perspective on this.
New Listing (1443) Steady improvement in this category is good!
Back On Market (202)
Price Increase (123)
Price Decrease (501) Let’s keep an eye on this one. Are interest rates impactful?
Under Contract (1675) WOW, we are killing it!
Withdrawn (92)
Leased (40)
Sold (1176) This is a solid number we would take every week!
Expired (129)
As the story of 2018 unfolds for Denver’s Residential Real Estate Market, let’s not forget, we still have a serious shortage of home for sale. We would love to come see you. Sit down at the kitchen table and discuss your future plans. Failure to plan is a plan for failure, as they say…tc
As we approach the end of 2018’s first quarter, there are some notables you should know about.
Well, here we are. It’s once again time for a Monday Market Update! As you can see below, we have more Under Contracts than New Listings once again this week. Also, the number of closings was up significantly. All of these indicators are signs of a very strong market.
WOW! I just can’t shout loud enough to be heard. Over the last week, once again, we continue to put more under contract than we add new listings; by a HUGE margin. This is clearly being demonstrated in our “core neighborhoods” with multiple offers still ruling the day. Buyers are finding out about new listings simply on whispers.
Rarely does one find an active listing in the quaint enclave of Homestead on the Parkway. Surrounded by 120 acres of dedicated SSPRD Open Space, included in the Homestead in the Willows HOA with access to 3 pools, 8 tennis courts and miles of scenic greenbelt pathways, this truly is a gem.
Can you believe it? 923 New Listings this week with 1,500 Under Contract… This is living proof, listing earlier in the year brings faster sales and higher prices. As my mother would always say, “Make hay…”. So, what does this mean?
MyTownCryer 
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