Friday, June 2, 2017

Denver Real Estate Market Report May 2017

Denver Real Estate Market Update May 2017

Michael Kozlowski #1 Ranked Individual RE/MAX Agent in the State of Colorado 2016!

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Thursday, April 20, 2017

Denver Real Estate Market Report April 2017

Denver Real Estate Market Report April 2017

Michael Kozlowski #1 Ranked Individual RE/MAX Agent in the State of Colorado 2016!

Check us out: http://www.team-koz.com/



Wednesday, April 19, 2017

Denver Real Estate Market Update April 2017







7 COUNTY METROPOLITAN DENVER MARKET UPDATE

APRIL, 2017





By the numbers:

-          The inventory of available homes for sale is 4,428 homes at March month end

-          6,291 homes came onto the market

-          4,860 homes went under contract

-          4,480 homes closed

-          Median sold price $371,000

-          Average sold price $423,437

-          Closed dollar volume $1.9 Billion. 



Monthly Market Recap:



Single Family:                                                                       

Active Inventory is 3,341                                                      

Sold Homes is 3,187                                                                          

Average Price is $467,874                                         

Median Price is $405,000                                          

Average Days on Market is 40                                                          



Condo:

Active Inventory is 1,087

Sold Homes is 1,293

Average Price is $313,944

Median Price is $259,500

Average Days on Market is 34



Year To Date Market Recap:



Single Family:                                                                       

Sold Homes is 7,478                                                              

Average Sold Price is $454,811                                            

Median Sold Price is $393,500                                  

Average Days on Market is 43                                  



Condo:

Sold Homes is 3,147

Average Sold Price is $300,659

Median Sold Price is $250,000

Average Days on Market is 37

Market Facts:



Spring is here, more new listings are coming on to the market, now is the prime home selling/buying season and the market is off and running.  Mortgage interest rates had increased for a while but have come down recently. Buyer demand is huge and active listings are increasing; but, homes are selling relatively quickly if price right.  Whether you a Seller or a Buyer, you need to be aware of the home market and all the creative activities that are now part of the home buying process, and be prepared.





Advice to Sellers:



The Denver home market is a Seller’s market.  As a Seller, you must know your home’s value and then have it listed at the right price.  Also, it is to your advantage to list your home during the peak season, which is now.  Last but not least, the Denver home market is now very creative.  Be prepared for multiple offers, bidding opportunities, and requests for incentives.  Do not scare Buyer’s away, take care of your home, your yard and make that good first and lasting impression.



Looking for those good but yet inexpensive Spring home improvements that cost around $1,000 or less?  Here are some suggestions:  siding repair, painting the front door, staining your deck, cleaning the air ducts, and fertilizing your lawn.



Seller preparation includes a good pricing comparison analysis, instructions on staging, and 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 that 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 prime home selling and home buying season is here and the Denver home market is a Seller’s market again this Spring.  What does this mean to you as a Buyer?  First, active listings of homes for sale coming onto the market are increasing; but, homes are going “under contract” quickly.  As a Buyer, be prepared to move quickly to set up a showing and if the home is the home of your dreams, make an offer now.  Second, the Denver home market is becoming very creative again with multiple offers, bidding opportunities, and price appreciation.  Similar to the above comments, be prepared to act quickly.



Be aware of moderate home price growth and potential increases in mortgage interest rates.  Create your home buying plan and stick to it.



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.





Tuesday, April 11, 2017

5284 Heatherglen Dr Highlands Ranch CO 80130 - Michael Kozlowski - REMAX...



Gorgeous Home! Great Location! Full Finished Basement!



Michael Kozlowski #1 Ranked Individual RE/MAX Agent in the State of Colorado 2016!

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Monday, March 20, 2017

Denver Real Estate Market Update March 2017


Denver Real Estate Market Update February 2017

Michael Kozlowski #1 Ranked Individual RE/MAX Agent in the State of Colorado 2016!

Check us out: http://www.team-koz.com/ 




7 COUNTY METROPOLITAN DENVER MARKET UPDATE

MARCH, 2017



By the numbers:



-          The inventory of available homes for sale is 3,531 homes at February month end

-          4,316 homes came onto the market

-          4,161 homes went under contract

-          2,964 homes closed

-          Median sold price of $355,000

-          Average sold price $399,269

-          Closed dollar volume of $1.2 Billion. 



Monthly Market Recap:



Single Family:                                                                       

Active Inventory is 2,608                                                      

Sold Homes is 2,043                                                                          

Average Price is $446,075                                         

Median Price is $393,000                                          

Average Days on Market is 42                                                          



Condo:

Active Inventory is 923

Sold Homes is 921

Average Price is $295,442

Median Price is $253,529

Average Days on Market is 43



Year To Date Market Recap:



Single Family:                                                                       

Sold Homes is 4,218                                                              

Average Sold Price is $445,411                                            

Median Sold Price is $385,000                                  

Average Days on Market is 45                                  



Condo:

Sold Homes is 1,818

Average Sold Price is $291,760

Median Sold Price is $248,000

Average Days on Market is 40

Market Facts:



February was another great month in the Denver home market.  Even though consumer confidence increased month over month, the consistent media exposure talked about home price appreciation.  The number of homes for sale remains low.  Buyers and Sellers need to be aware of all facts impacting the Denver home market as the prime home selling and home buying season is here.  Buyers and Sellers must manage their expectations.



Advice to Sellers:



What should you do if you are ready to sell your home?  First and foremost, properly price your home, make your home shine and stand out from the competition, and de-clutter.  Many current home owners are in the process of preparing their home to be sold by completing renovation and/or upgrades.  Be aware of what are the desirable home improvements that Buyers are looking for.



Here are some things to think about for upgrades:  energy efficient, low emission, tank less water heater, “Next” type thermostats, kitchen upgrade, open floor plan, hardwood flooring, new counter tops, “amped” appliances, and smart and healthy homes.



With continued Denver population growth and consumer demand for home ownership, market strength is here and can be expected to continue for the next several months.



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 hyper 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:



What should you do if you are ready to buy?  First and foremost, focus on your lifestyle and must haves.  Next, pre-qualify so you know what portion of the market you can participate in.  The current Buyer motivation relates to high rents, low number of active homes for sale, and household formation.  Last but not least, do it now.



The prime home selling and buying season is here.  Be aware of moderate home price growth and continuing increase in mortgage interest rates.  Create your home buying plan and stick to it.



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.


Tuesday, March 7, 2017

9343 Winter Sky Ct Lone Tree CO 80124 - Michael Kozlowski - REMAX Profes...


Spectacular Home! Text 303-949-2755 for a Private
Showing!




#1 Ranked Individual RE/MAX Agent in the State of
Colorado 2016!




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Saturday, February 25, 2017

REMAX National Housing Report February 2017

REMAX National Housing Report February 2017

Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!

Check us out: http://www.team-koz.com/

video

Thursday, February 9, 2017

Denver Real Estate Market Update February 2017


Denver Real Estate Market Update February 2017

Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!

Check us out: http://www.team-koz.com/ 




7 COUNTY METROPOLITAN DENVER MARKET UPDATE

FEBRUARY, 2017



By the numbers:



-          The inventory of available homes for sale is 3,655 homes at January month end

-          3,620 homes came onto the market

-          3,525 homes went under contract

-          3,004 homes closed

-          Median sold price $348,218

-          Average sold price $399,856

-          Closed dollar volume of $1.2 Billion. 



Monthly Market Recap:



Single Family:                                                                       

Active Inventory is 2,698                                                      

Sold Homes is 2,121                                                                          

Average Price is $445,961                                         

Median Price is $379,900                                          

Average Days on Market is 47                                                          



Condo:

Active Inventory is 957

Sold Homes is 883

Average Price is $289,111

Median Price is $242,000

Average Days on Market is 36



Year To Date Market Recap:



Single Family:                                                                       

Sold Homes is 2,121                                                              

Average Sold Price is $445,961                                            

Median Sold Price is $379,900                                  

Average Days on Market is 47                                  



Condo:

Sold Homes is 883

Average Sold Price is $289,111

Median Sold Price is $242,000

Average Days on Market is 36

Market Facts:



January 2017 set records when compared to prior January home transactions.  Buyer demand remains strong and the inventory of active listings remains low.  Denver continues to be a destination city.  Buyers and Sellers need to be aware of all facts impacting the Denver home market.  The prime home selling and buying season is around the corner and as a Seller or a Buyer, be prepared as the “hot” prime season will start soon.  The home market is changing.





Advice to Sellers:



Recognizing that “Housing Forecasts” predict a healthy real estate market for 2017, Seller’s need to be aware that the housing market is forecasted to be a Seller’s market due to strong Buyer demand, relatively low inventory of homes for sale, and reasonable price appreciation.  With this being said, here are some top tips for 2017 Seller’s.  List your home during the prime home selling and home buying season which is just around the corner. Strong Buyer demand will benefit Sellers.   Second, price your home to the market.  Be very aware of recent pricing for homes sold in or near your neighborhood or are a similar home to yours.  Third, consider what you as a Seller needs to do to your home or if you may need to offer incentives to make the home more marketable.



Denver will see more Buyers from all over the world.  Denver will continue to be in the top five home markets in 2017.  Consumers will continue to focus on home ownership.



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 as the real estate market is localized and very dynamic. Don’t take your chances that a lower cost option will save money and yield similar results as it often doesn’t.



Advice to Buyers:



The 2017 housing market is forecasted to be primarily a Seller’s market mainly due to high Buyer demand and low inventory of homes for sale.  The prime home selling and buying season is just around the corner and expect another market frenzy year.  As a Buyer, be the early bird and get into the home market now, do your homework and be approved for the best mortgage option for you, consider buying a new home that meets your expectations, and look at the entire home market.  Be aware of moderate home price growth and potential increase in mortgage interest rates.  Create your home buying plan and stick to it.



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.

Denver Real Estate Market Report February 2017

Denver Real Estate Market Report February 2017

Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!

Check us out: http://www.team-koz.com/



Saturday, January 28, 2017

RE/MAX National Housing Report January 2017

RE/MAX National Housing Report January 2017

Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!

Check us out: http://www.team-koz.com/

video


Tuesday, January 17, 2017

Denver Real Estate Market Update January 2017

Denver Real Estate Market Update January 2017

Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!

Check us out: http://www.team-koz.com/



Thursday, January 12, 2017

Denver Real Estate Market Update January 2017

Denver Real Estate Market Update January 2017

Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!

Check us out: http://www.team-koz.com/

7 COUNTY METROPOLITAN DENVER MARKET UPDATE
JANUARY, 2017

By the numbers:

- The inventory of available homes for sale is 3,910 homes at December month end
- 2,359 homes came onto the market
- 2,757 homes went under contract
- 4,157 homes closed
- Median sold price $349,500
- Average sold price $394,803
- Closed dollar volume of $1.6 Billion.

Monthly Market Recap:

Single Family:
Active Inventory is 2,919
Sold Homes is 2,936
Average Price is $431,969
Median Price is $375,000
Average Days on Market is 47

Condo:
Active Inventory is 991
Sold Homes is 1,221
Average Price is $305,431
Median Price is $255,000
Average Days on Market is 38

Year To Date Market Recap:

Single Family:
Sold Homes is 38,077
Average Sold Price is $440,941
Median Sold Price is $380,000
Average Days on Market is 34

Condo:
Sold Homes is 15,310
Average Sold Price is $288,140
Median Sold Price is $240,000
Average Days on Market is 31
Market Facts:

2016 was another record setting year with 53,387 homes sold and a closed dollar volume of $21.2 Billion!

Happy New Year and whether you are a Seller or a Buyer, be prepared as Metro Denver continues to be one of the top destination cities in the United States.

In closing the year and looking forward into 2017, the top concerns are tight inventory, home affordability, appraisal issues, and increasing interest rates .

Advice to Sellers:

Happy New Year - 2017 is here and as a Seller, what can you expect from the Denver home market? Overall the Denver home market will continue to move forward; but at a slower pace than 2016. Buyer demand will continue to be strong as Denver continues to be a destination city. Price appreciation is not expected to be as great as in 2016. New household formations will continue to increase and multi generations will look to buy. Denver will see more Buyers from all over the world. Denver will continue to be in the top 10 home markets in 2017. Consumers will continue to focus on home ownership. New home builders will focus on increasing the availability of their new home models and try to reduce the time needed to build a new home.

Buyers today continue to be savvy and more educated when it comes to home markets. Sellers need to know where they want to live. Home closing time frames are now increasing by at least a week. As a Seller, do not forget the home selling basics, make your plan and stick to it.

Advice to Buyers:

Happy New Year - 2017 is here and as a Buyer, what can you expect from the Denver home market? 2017 will bring increased home mortgage interest rates, continuous changes to the closing process, home price appreciation, strong Buyer demand as Denver continues to be a destination city, an increase in household formations, more and more Buyer competition will come from all over the world, and market conditions that may challenge all. The definition of what makes a home is dramatically evolving from tiny home to multi generational. Create your home buying plan and stick to it.

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.

Wednesday, December 14, 2016

Denver Real Estate Market Update December 2016

7 COUNTY METROPOLITAN DENVER MARKET UPDATE
DECEMBER, 2016
By the numbers:
  • The inventory of available homes for sale is 3,476 homes at November month end
  • 3,543 homes came onto the market
  • 2,295 homes went under contract
  • 4,142 homes closed
  • Median sold price $350,000
  • Average sold price $400,569
  • Closed dollar volume $1.659 Billion.  
Monthly Market Recap:
Single Family:                                                                      
  • Active Inventory is 2,566                                                      
  • Sold Homes is 2,969                                                                          
  • Average Price is $443,058                                         
  • Median Price is $376,000                                          
  • Average Days on Market is 39                                                          
 Condo:
  • Active Inventory is 910
  • Sold Homes is 1,173
  • Average Price is $293,025
  • Median Price is $247,000
  • Average Days on Market is 31
Year To Date Market Recap:
 Single Family:                                                                      
  • Sold Homes is 34,995                                                
  • Average Sold Price is $441,821                                            
  • Median Sold Price is $380,000                                  
  • Average Days on Market is 33                                   
Condo:
  • Sold Homes is 14,019
  • Average Sold Price is $286,663
  • Median Sold Price is $239,900
  • Average Days on Market is 31
Market Facts:
The Denver home market continues the seasonal slowdown with a focus on family and holidays. Buyers remain in the market, Sellers are motivated and looking forward. Winter weather is on the way, homes for sale remain low, lifestyle choices and smart homes are the number one priority of home buyers. The Denver economy is continuing to move forward strongly into 2017.  2016 is another record setting year but we will start to see changes in 2017.
Advice to Sellers:
2017 will be here in a few weeks and as a Seller, what can you expect from the Denver home market?
Let’s look at 2017 predictions for the Denver home market:
  • Overall the Denver home market will continue to move forward; but at a slower pace than 2016.
  • Buyer demand will continue to be strong as Denver continues to be a destination city.
  • Price appreciation will not be as great as in 2016.
  • New household formations will continue to increase and multi generations will look to buy.
  • Denver will continue to be in the top 10 home markets in 2017.
  • Consumers will continue to focus on home ownership.
  • New home builders will focus on increasing the availability of their new homes.
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 and also knowledgeable in the entire market.
Advice to Buyers:
2017 will be here in a few weeks and as a Buyer, what can you expect from the Denver home market?
Let’s look at a 2017 prediction for the Denver home market:
  • 2017 will bring increased home mortgage interest rates
  • Continuous changes to the closing process
  • Lower price appreciation
  • Strong Buyer demand as Denver continues to be a destination city
  • An increase in household formations.
Create your home buying plan and stick to it.
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.

RMP Market Report- December 2016.jpg

Tuesday, November 29, 2016

RE/MAX National Housing Report November 2016

RE/MAX National Housing Report November 2016

Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!

Check us out: http://www.team-koz.com/

video

Tuesday, November 22, 2016

Denver Real Estate Market Report November 2016

Denver Real Estate Market Report 2016!

#1 Agent at RE/MAX Professionals 3 Years in a Row!

Check us out: www.team-koz.com


Saturday, November 19, 2016

Denver Real Estate Market Update November 2016







7 COUNTY METROPOLITAN DENVER MARKET UPDATE

NOVEMBER, 2016



By the numbers:



-          The inventory of available homes for sale is 6,235 homes at October month end

-          4,657 homes came onto the market

-          4,628 homes went under contract

-          4,475 homes closed

-          Median sold price of $349,900

-          Average sold price of $397,611

-          Closed dollar volume of $1.779 Billion. 



Monthly Market Recap:



Single Family:                                                                       

Active Inventory is 4,799                                                      

Sold Homes is 3,162                                                                          

Average Price is $442,934                                         

Median Price is $380,000                                          

Average Days on Market is 34                                                          



Condo:

Active Inventory is 1,436

Sold Homes is 1,313

Average Price is $288,462

Median Price is $241,700

Average Days on Market is 30



Year To Date Market Recap:



Single Family:                                                                       

Sold Homes is 31,951                                                            

Average Sold Price is $441,735                                            

Median Sold Price is $380,000                                  

Average Days on Market is 32                                  



Condo:

Sold Homes is 12,811

Average Sold Price is $286,100

Median Sold Price is $239,000

Average Days on Market is 31

Market Facts:



October was a very interesting month in the Denver home market as we saw an increased seasonal slowdown that was not only impacted by the time of year; but, also by the current election cycle.  Thankfully the election is over and now we all can focus on our priorities.  Active listings at month end have decreased as well as closings.  The Denver home market will continue to see a seasonal adjustment.  As always, Buyer or Seller be prepared.





Advice to Sellers:



Buyers today continue to be more educated on the Denver home market.  We are in a slower time of year as traditionally the 4th Quarter relates to less home closing transactions per month than in the previous months of the year.  With fewer homes available for sale a Buyer could be around the corner at any time.



As a Seller in the current home market, you need to be aware of: (1) Increased appraisal times, (2) Buyers focused on smart homes, (3) Renovated and energy efficient homes becoming a priority (4) Healthy homes are now becoming a new priority as well (5) Interest rate increases will impact the home market while home price appreciation will remain low for the foreseeable future.



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 and can assist in the Professional plan to sell one’s home.



Advice to Buyers:



November is considered to be yet another great month for Buyers.  This is because the prime home buying season has passed, the number of Buyers in the Denver home market will be fewer than the previous month, home prices are not increasing as fast as they have in previous months, and there are fewer homes available than in prior months.  Be prepared to act quickly, create your home buying plan, and stick to it.



Home pricing will remain constant with little or no price appreciation, mortgage interest rates remain low today, even though there is every indication that mortgage interest rates will increase in the near future, and Sellers will be open to multiple offers.



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.