Saturday, September 26, 2020

RE/MAX National Housing Report August 2020!

Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado!
Check us out: www.team-koz.com

I hope that you've enjoyed your first week of fall. Despite the season change, the housing market continues to sizzle. According to the most recent RE/MAX National Housing Report, August was a record-setting month for housing. Here are a few key takeaways that you might find interesting.

• Home sales continue to sore! They were up 4.3% over last August.
• The number of homes on the market hit a record low – plunging 29.6% over last August.
• Sales prices continue to be on the rise – the median sales price is now $290,000.

What does all of this mean for you? Fall is going to be a great time to buy or sell. Low-interest rates continue to favor buyers and sellers are motivated. If you have a home to sell, there are plenty of buyers ready to make a move. If you are thinking about a move, I'm here to help. Let's talk about your situation and our market. Call, Text or Email anytime!





Wednesday, September 9, 2020

Denver Real Estate Market Update September 2020

Denver Real Estate Market Update September 2020

The year of the Pandemic Summer, and the Hot Temps for the month of August have translated into a Hot Real Estate Market! This has possibly been the most active and productive August in recent history in the Denver Market! 

By the numbers:

  • We saw 5,959 homes/townhomes and condos Closed, which is up 4.2% vs 2019!
  • Active Listings at month end were 5,496 which is 41% less than 2019
  • New Listings were at 6,786 which is about the same as 2019
  • Pending homes were at 7,323 which is 32% ahead of 2019!
  • Sold Homes were 5,959 which is 4.2% more than 2019

The big story again is the Average Price in August!  Single Family Homes Closed at an average price of $606,330 which is up 13.8% vs August 2019! 

  • Condos and Townhomes Closed at an average price of $377,664 which is up a more normal 1.65% vs August 2019! 
  • This confirms the general trend of Buyers flocking to Single Family Homes and out of multi-family units due to seeking distance from neighbors during COVID-19! 

To give a yearly update and some perspective, we have seen 39,078 Residential Closings YTD through August 2020.  We saw 39,836 Closings in the same time frame for 2019! 

The Bottom Line is the Market has almost caught up with last year for Total Activity, and will probably exceed 2019 by the end of September!  This is a very resilient Market during a Pandemic!  

The Market is moving differently in certain parts of town, but much of the Buyer demand has been moving in the suburbs, Douglas County, the Foothills and the Luxury Market!  Low Interest rates continue to help drive the demand! 

Please let me know if you have any questions or would like any more specific information, feel free to forward our market update to everyone you know and spread the word that real estate is open for business!






Sunday, August 30, 2020

RE/MAX National Housing Report August 2020

RE/MAX National Housing Report August 2020!

Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado! Check us out: www.team-koz.com

The market heated up in July. It saw a record bounce back from the recent pandemic skid according to the latest RE/MAX National Housing Report.

Here are three things you need to know:
- July saw a historic amount of homes sold - home sales were up 8.7% over last year.
- The number of homes on the market remains low – with only 1.7 months supply.
- Home prices grew 8.6% over last year. The median home price is $285,000.

It appears that the fall will be a busy time. If you're thinking about selling your home, now's the time! Buyers are in the market, interest rates are still historically low, and you won't have a lot of competition.

If you're thinking about a move this fall, I'm here to help!

#realestate #housingmarket #realestatemarket #realtor #homeowners #interestrates #remax #housing #sales



Saturday, July 18, 2020

Denver Real Estate Market Update July 2020

Denver Real Estate Market Update July 2020!

Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado! Check us out: www.team-koz.com

I thought you might like the latest market update to review, see attached Denver Real Estate Market Stats and update below.
The Denver Metro Real Estate Market has been on a solid V-Shaped Recovery since the beginning of May after the Quarantine Restrictions due to COVID-19!
  • Active Listing Inventory is down 33% compared to this time last year, and this lack of Inventory with historically low interest rates have created a Strong Buyer demand. 
  • Pending Sales are up 27% compared to last year, however Average Home Prices are only up 2% compared to last year at this time.
This is a wonderful time to take advantage of Historically Low Mortgage Interest Rates!
A 100 Degree day in July would normally cause a slowing market through the rest of the Summer, but Buyer Demand is continuing to look for good fresh Inventory. 
  • There were 6,383 active listings at the end of June, -10.98% less than May and -32.95%  less than the previous year when there were 9,520.
This very positive Market, and the continued strong demand for Buyers will continue throughout the rest of the Summer!
Please let me know if you have any questions or would like any more specific information, feel free to forward our market update to everyone you know and spread the word that real estate is open for business!


Thursday, June 18, 2020

Denver Real Estate Market Update June 2020

Denver Real Estate Market Update June 2020

Hi

I thought you might like the latest market update to review, see attached Denver Real Estate Market Stats.

The economy is probably headed to a W-Shaped Recovery, but we are certainly seeing a V-Shaped Recovery in the Real Estate Market right now!

  • There were 7,170 active listings at the end of May, 4.6% more than April but 19.36%  less than the previous year when there were 8,891. 

Sellers had the upper hand with low inventory in all price ranges except for homes priced over $1 million, where there were 9.50 months of detached luxury home inventory and an abundance of attached luxury homes for sale, with more than 23 months of inventory.  Anything over six months is considered a buyer's market.

As expected, the number of closings was down in May following the weeks of strict showing restrictions, dropping 19.71% month over month and 48.86% year over year

The average closed price didn't slip much month over month but dropped back below $500,000 to $495,925.  That was a 1.24% lower than April but 2.43% higher year to date.

The Memorial Day weekend, and the beginning of Summer is usually a slower time for real estate sales but the boost in buyer activity kept agents busy this past holiday.  Does this mean our market has recovered from COVID-19?  Not quite yet, but it appears we are well on our way.  Low interest rates, renewed optimism and an increasing number of new choices are all positives. 

The Biggest Metric in May was over 6,800 homes Pending in the Denver Metro Area!  That is a Record! 

This very positive Market, and the continued strong demand for Buyers will help us get back on track as soon as we get a green light to show homes again!

Please let me know if you have any questions or would like any more specific information, feel free to forward our market update to everyone you know and spread the word that real estate will be open for business soon!



Monday, April 20, 2020

Denver Real Estate Market Update April 2020


11 COUNTY METROPOLITAN DENVER MARKET UPDATE
APRIL, 2020

By the numbers:

-        The inventory of available homes for sale is 5,776 homes at March month end
-        6,663 homes came onto the market
-        4,992 homes went under contract
-        4,296 homes closed
-        Median sold price $446,500
-        Average sold price $513,526
-        Closed dollar volume of $2.21 Billion. 

Monthly Market Recap:

Single Family (Detached):                                       Condo (Attached):   
Active Month End Inventory is 3,829                                   Active Month End Inventory is 1,947
Sold Homes (Closed) is 3,018                                  Sold Homes (Closed) is 1,278                      
Average Price is $567,382                                       Average Price is $386,344
Median Price is $487,950                                         Median Price is $330,000
Average Days on Market is 28                                 Average Days on Market is 31                     

Year To Date Market Recap:

Single Family (Detached):                                      Condo (Attached):   
Sold Homes (Closed) is 7,904                                  Sold Homes (Closed) is 3,572
Average Sold Price is $548,938                               Average Sold Price is $371,205       
Median Sold Price is $472,000                                 Median Sold Price is $316,000
Average Days on Market is 36                                 Average Days on Market is 39

Source:  REcolorado.com – April 1, 2020
The above representation for Single Family (Detached) and Condo (Attached) includes real estate activity in the counties of Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park.

Market Facts:

Covid 19 has now impacted the Metropolitan Denver home market.  Active listings are still increasing.  We have seen homes withdrawn from the market.  Many changes are now taking place to complete the sale of a home.  By the end of the month, we were all wondering what was ahead for us, our industry, and our country.  Covid 19 will cause limited activity through the end of May.    
Advice to Sellers:

The Metro Denver Seller’s home market continues even though Covid 19 is impacting.  The new challenge for Seller’s is being educated by your agent on all changes because of Covid 19.  As a Seller, here are your 5 Golden Rules: Personalize, Maximize, Sanitize, Modernize, and Neutralize.  With a changing market, housing is improving slowly.  Buyers always will determine what your home is worth.  As a Seller, think about these renovations: insulation, finish the basement, remodel a bathroom, update a room, add new light bulbs, and add a deck.  As a Seller, if your home sits longer than a month, it is time to revisit the recent sales in your neighborhood. As a Seller, be educated about coronavirus and the challenges that coronavirus impacts.

As a Seller, your home needs to be priced right from the very beginning.  Manage your expectations, make sure your home is move-in ready, be flexible, and accept the offer that works best for you the Seller. 

Seller preparation includes a good pricing comparison analysis, instructions on staging, what are the top improvements and a conversation on how the market functions.  As such, the homeowner looking to sell a home needs a professional who is a local expert, is market knowledgeable, and can assist in the Professional plan to sell one’s home.  Now is the time to reach out to a Professional.

Advice to Buyers:

The Metro Denver home market continues even though Covid 19 is impacting.  Reach out to your agent to be educated on how you can focus on buying.  Focus on your lifestyle and home requirements.  As a Buyer, get into the home market now.  As a Buyer, make the offer that works for you and is the offer that you can complete to close the transaction.  As a Buyer, understand what type of purchase will help you reach your goal and know what the needs and wants are.  Be educated on the coronavirus impact.

Know what you want in a home, where you want to live, and what price range you can afford.  Complete the pre-qualification process so you know the price range that you qualify for when you are purchasing a home.  Be prepared, manage your expectations, and be open to looking at the entire Denver market.  Reach out to a Professional today about your best options and opportunities to participate and succeed in the purchase of your “Dream” home.





Friday, March 13, 2020

Denver Real Estate Market Update March 2020!


Denver Real Estate Market Update March 2020! 




11 COUNTY METROPOLITAN DENVER MARKET UPDATE

MARCH, 2020



Market Metrics:



By the numbers, the inventory of available homes for sale is 4,835 homes at February month end, 5,122 homes came onto the market, 5,083 homes went under contract, and 3,429 homes closed at a median sold price of $430,000 and an average sold price of $487,009 resulting in a closed dollar volume of $1.67 Billion. 



Monthly Market Recap:



Single Family (Detached):                                       Condo (Attached):   

Active Month End Inventory is 3,201                                  Active Month End Inventory is 1,634

Sold Homes (Closed) is 2,312                                  Sold Homes (Closed) is 1,117                      

Average Price is $544,054                                       Average Price is $368,936

Median Price is $469,900                                         Median Price is $315,000

Average Days on Market is 37                                 Average Days on Market is 41                     



Year To Date Market Recap:



Single Family (Detached):                                      Condo (Attached):   

Sold Homes (Closed) is 4,593                                  Sold Homes (Closed) is 2,160

Average Sold Price is $537,433                               Average Sold Price is $363,555       

Median Sold Price is $465,000                                 Median Sold Price is $311,250

Average Days on Market is 41                                 Average Days on Market is 44



Source:  REcolorado.com – March 2, 2020

The above representation for Single Family (Detached) and Condo (Attached) includes real estate activity in the counties of Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park.



Market Facts:



February was a good month for the Metro Denver housing market.  Active listings are increasing.  Mortgage interest rates continue to be low.  Buyer’s and Seller’s have leaped into action.  The increased competition caused new listings to sell faster and lifted home prices.  We will now see the traditional prime market coming because Seller’s are coming into the market and many Buyer’s are already here.  Be aware of what is happening because of coronavirus.   





Advice to Sellers:



The Metro Denver Seller’s home market is moving to the prime season.  The new challenge for Seller’s is accurate pricing.  As a Seller, here are your 5 Golden Rules: Personalize, Maximize, Sanitize, Modernize, and Neutralize.  With a changing market and a healthier one, housing is improving and the economy is steady.  Buyers always will determine what your home is worth.  As a Seller, think about these renovations to see if you can add value in areas that are not selling as quickly: adding insulation, basement finish, bathroom remodel, update a room, add new light bulbs, and add a deck.  As a Seller, if your home sits longer than a month, it is time to revisit the comparable homes sold in your neighborhood.  As a Seller, be educated about coronavirus and the challenges that coronavirus impacts.



As a Seller, your home needs to be priced right from the very beginning.  Manage your expectations, make sure your home is move-in ready, be flexible, and accept the offer that works best for you the Seller. 



Seller preparation includes a good pricing comparison analysis, instructions on staging, what are the top improvements and a conversation on how the market functions.  As such, the homeowner looking to sell a home needs a professional who is a local expert, market knowledgeable, and can assist in the Professional plan to sell one’s home.  Now is the time to reach out to a Professional.



Advice to Buyers:



The Metro Denver home market is moving to the prime season.  Keep your eye on the home market.  Focus on your lifestyle and home requirements.  As a Buyer, get into the home market now.  As a Buyer, make the offer that works for you and is the offer that you can complete to close the transaction.  As a Buyer, understand what type of purchase will help you reach your goal and know what the needs and wants are.  Be educated on the coronavirus impact.



Know what you want in a home, where you want to live, and what price range you can afford.  Complete the pre-qualification process so you know the price range that you qualify for when you are purchasing a home.  Be prepared, manage your expectations, and be open to looking at the entire Denver market.  Reach out to a Professional today about your best options and opportunities to participate and succeed in the purchase of your “Dream” home.





Friday, February 28, 2020

RE/MAX National Housing Report February 2020

RE/MAX National Housing Report February 2020


Hello,

I hope that your year is off to as good of a start as the housing market. I want to share just a few highlights from the January RE/MAX National Housing Report. Here are three things you need to know.

1. January posted the highest year-over-year sales gain in 11 years – up 10.5%.
2. While sales are up, the number of homes on the market reached its largest year-over-year drop since 2017 – down 15.6%.
3. Median sales prices hit $256,000 - a record for January.

So what do these numbers mean? People are buying homes; much of this has to do with how many millennials are entering the market. If you're thinking about buying or selling, let's get started before spring and summer. The numbers above are based on national numbers. I'd be happy to meet with you to discuss numbers in our local market and how they will affect your real estate needs.

I'm excited to help you every step of the way. Give me a call or reply to set up a time to meet.




Saturday, January 25, 2020

RE/MAX National Housing Report January 2020

RE/MAX National Housing Report January 2020


Hello, 



Happy New Year! I hope that 2020 is off to a good start for you and your family. A new decade brings much excitement when it comes to the housing market. The year ended off with record numbers according to the RE/MAX National Housing Report. Here are three takeaways from the last report. 

  • December saw record sales with year-over-year gains of 13.5% - the highest increase of any month in 2019 and the best December since 2009. 
  • The number of homes on the market decreased by 14.5% - another record. 
  • Sale prices were up 3.8%.

December’s record-breaking numbers are on the path to continue the first quarter of 2020. Interest rates are still low, and sales are expected to remain up throughout the first part of the year. If you’re thinking about a new home for the new year, it’s time to start your search. Let’s get together to talk about your needs. Please text, call or email to set a time to meet. 

Michael


Wednesday, January 22, 2020

Denver Real Estate market Update January 2020


Market Metrics:



-        The inventory of available homes for sale is 4,399 homes at December month end

-        2,369 homes came onto the market

-        2,792 homes went under contract

-        4,110 homes closed

-        Median sold price $415,000

-        Average sold price $476,746

-        Closed dollar volume of $1.96 Billion. 



Monthly Market Recap:



Single Family:                                                         Condo:          

Active Month End Inventory is 2,823                                  Active Month End Inventory is 1,576

Sold Homes is 2,904                                                Sold Homes is 1,206             

Average Price is $520,159                                       Average Price is $372,210

Median Price is $445,000                                         Median Price is $305,000

Average Days on Market is 46                                 Average Days on Market is 49                     



Year To Date Market Recap:



Single Family:                                                         Condo:          

Sold Homes is 38,467                                              Sold Homes is 15,895

Average Sold Price is $526,784                               Average Sold Price is $361,894       

Median Sold Price is $450,000                                 Median Sold Price is $304,900

Average Days on Market is 36                                 Average Days on Market is 52





Market Facts:



The Denver Metro Home Market has been changing.  Active listings are low.  Mortgage interest rates continue to be low.  Overall activity is slower for both Sellers and Buyers.  Being a Seller or Buyer, do your homework before getting into the home market.   



Advice to Sellers:



HAPPY NEW YEAR!  The Metro Denver Seller’s home market continues to see changes.  The new challenge for sellers is accurate pricing.  Seller’s will see more growth but at a slow pace.  Homes are now taking longer to sell and price appreciation is changing.  Sellers are slowing down because they cannot buy the home of their choice.  With a slower market and a healthier one, housing is improving and the economy is steady.  Buyers always will determine what your home is worth.  As a Seller, think about these renovations: basement finish, bathroom remodeling, updating a room, updating carpet & paint, adding new light bulbs, adding a deck.  As a Seller, if your home sits longer than a month, it is time to revisit pricing and the data in your local market.



As a Seller, your home needs to be priced right from the very beginning.  Manage your expectations, make sure your home is move-in ready, be flexible, and accept the offer that works best for you the Seller. 



Seller preparation includes a good pricing comparison analysis, instructions on staging, what are the top improvements, and a conversation on how the market functions.  As such, the homeowner looking to sell a home needs a professional who is an expert, local market knowledgeable, and can assist in the Professional plan to sell one’s home.  Now is the time to reach out to a Professional.



Advice to Buyers:



HAPPY NEW YEAR!  The Metro Denver home market continues to change.  Keep your eye on the home market with now fewer homes available.  Foremost, focus on your lifestyle and home requirements.  As a Buyer, get into the home market at the right time.  As a Buyer, make the offer that works for you and is the offer that you can complete to close the transaction.  Sellers are usually on a moving deadline and can be more willing to negotiate the final price, meaning your getting the best bang for your buck.



Know what you want in a home, where you want to live, and what price range you can afford.  Complete the pre-qualification process so you know the price range that you qualify for when you are purchasing a home.  Be prepared, manage your expectations, and be open to looking at the entire Denver market.  Reach out to a Professional today about your best options and opportunities to participate and succeed in the purchase of your “Dream” home.