Saturday, September 30, 2017

RE/MAX National Housing Report September 2017

RE/MAX National Housing Report September 2017

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

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




Friday, September 15, 2017

Denver Real Estate Market Update September 2017







7 COUNTY METROPOLITAN DENVER MARKET UPDATE

SEPTEMBER, 2017



By the numbers:



-          The inventory of available homes for sale is 6,506 homes at August month end

-          5,938 homes came onto the market

-          4,873 homes went under contract

-          5,152 homes closed

-          Median sold price $375,000

-          Average sold price $427,188

-          Closed dollar volume $2.2 Billion. 



Monthly Market Recap:



Single Family:                                                                       

Active Inventory is 4,902                                                      

Sold Homes is 3,590                                                                          

Average Price is $476,180                                         

Median Price is $409,000                                          

Average Days on Market is 28                                                          



Condo:

Active Inventory is 1,604

Sold Homes is 1,562

Average Price is $314,587

Median Price is $270,750

Average Days on Market is 38



Year To Date Market Recap:



Single Family:                                                                       

Sold Homes is 26,056                                                

Average Sold Price is $475,502                                            

Median Sold Price is $408,000                                  

Average Days on Market is 31                                  



Condo:

Sold Homes is 10,647

Average Sold Price is $312,756

Median Sold Price is $265,000

Average Days on Market is 39

Market Facts:



Summer nears the end.  For the second consecutive month, the home market continues a slowdown and seasonal cooling. The home market continues to be a Seller’s market; but, Buyers are not as aggressive as they have been in the past.  Low inventory of active listings continues to impact the home market.  Price appreciation is also slowing down.  New home builders continue changing their products.  As always, be prepared.



Advice to Sellers:



The Denver Seller’s market slowdown continues.  With sales slowing and the inventory of active listings reaching its seasonal peak, the Denver home market is cooling.  It is time as a Seller to focus on the following six (6) items to attract more Buyer’s:  (1) enhancing the kitchen, (2) updating or refinishing flooring, (3) updating the bathrooms, (4) bringing in new cabinetry, (5) updating electrical wiring and wire for internet, and (6) adding lots of storage.  Always remember that as a Seller you need to leave a great lasting impression on all Buyers when they are shown your home.  Home builders continue changing their product line; so, this may be new competition.



The Denver home market is seeing a decrease in showings, fewer multiple offers, and buyers who are cognizant of the market change.  Yes, buyers want to own a home; but with more homes available on the market, they are looking at all active listings within their home choices.



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:



The Denver home market continued to show signs of leveling off and preparing for the upcoming fall season.  We will see a slowdown of activity; but, overall the home market will continue to be the Buyer’s destination.  Be prepared to act quickly, create your home buying plan, and stick to it.



There are discussions going on regarding a “housing bubble”.  In reality, this is only a discussion because this home market is seeing more incoming Buyers into the market and certain generational individuals becoming Buyers.



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, August 23, 2017

1800 Lawrence St 501 Denver CO 80202 - Michael Kozlowski - REMAX Profess...

Great Location! This Home will Sell Quickly!



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



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

8864 Clover Meadow Ln Parker CO 80134 - Michael Kozlowski - REMAX Profes...

Great Location! This Home will Sell Quickly!



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



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

Sunday, August 20, 2017

Denver Real Estate Market Update August 2017

Denver Real Estate Market Update August 2017

Check out our last 9 Homes that just Sold, All Above Asking Price!

- $950,000 - $5,000 Over Asking Price
- $510,000 - $10,000 Over Asking Price
- $321,000 - $6,000 Over Asking Price
- $405,000 - $30,000 Over Asking Price
- $567,000 - $17,000 Over Asking Price
- $662,000 - $20,000 Over Asking Price
- $389,000 - $4,000 Over Asking Price
- $762,800 - $12,800 Over Asking Price
- $550,000 - $22,100 Over Asking Price

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
AUGUST, 2017

By the numbers:
- The inventory of available homes for sale is 6,506 homes at July month end
- 6,036 homes came onto the market
- 4,903 homes went under contract
- 4,922 homes closed
- Median sold price $380,000
- Average sold price $438,61
- Closed dollar volume $2.16 Billion.

Monthly Market Recap:

Single Family:
Active Inventory is 4,947
Sold Homes is 3,542
Average Price is $485,850
Median Price is $415,000
Average Days on Market is 26

Condo:
Active Inventory is 1,559
Sold Homes is 1,380
Average Price is $317,362
Median Price is $269,000
Average Days on Market is 39

Year To Date Market Recap:

Single Family:
Sold Homes is 22,332
Average Sold Price is $475,185
Median Sold Price is $408,000
Average Days on Market is 32

Condo:
Sold Homes is 9,030
Average Sold Price is $312,598
Median Sold Price is $262,750
Average Days on Market is 39

Market Facts:
The July home market continues the slowdown from June. July is the month most popular for vacations and active listings stay on the market longer due to less focus on the home hunt and more focus on family time and school preparation. Multiple offers have slowed down and the July showings have also decreased. Mortgage interest rates continue to remain steady. New home builders continue changing their products. As always, be prepared.

Advice to Sellers:
The Denver Seller’s market is showing a slowdown in July and Buyer’s were more focused on family activities and school preparation. With sales slowing and the inventory of active listings reaching its seasonal peak, the Denver home market is cooling. It is time as a Seller to focus on the following six (6) items: (1) staging the yard, (2) clean, clean, clean, (3) remodel or upgrade, (4) de-clutter your home, (5) use professional photographs and videos, and (6) price effectively. Always remember that as a Seller you need to leave a great lasting impression on all Buyers when they are shown your home. Home builders continue changing their product line; so, this may be new competition.

The Denver home market is seeing a decrease in showings, fewer multiple offers, and buyers who are cognizant of the market change. Yes, buyers want to own a home; but with more homes available on the market, they are looking at all active listings within their home choices.

Seller preparation includes a good pricing comparison analysis, a discussion 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, 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 Denver home market currently feels slightly more balanced in certain areas. July was a month that saw fewer Buyers in the market due to vacations and other family activities. In most cases school districts have now started the new season. Be prepared to act quickly, create your home buying plan, and stick to it.

A review of recent articles and blogs indicate that the mortgage interest rates may not increase, so Buyers should still find out how much they can borrow with the current interest rates.

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.



Saturday, July 29, 2017

RE/MAX National Housing Report July 2017

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

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


Wednesday, July 19, 2017

Denver Real Estate Market Update July 2017

Denver Real Estate Market Update July 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
JULY, 2017

By the numbers:
- The inventory of available homes for sale is 6,237 homes at June month end
- 7,053 homes came onto the market
- 5,288 homes went under contract
- 5,480 homes closed
- Median sold price $387,747
- Average sold price $449,433
- Closed dollar volume of $2.46 Billion.

Monthly Market Recap:

Single Family:
Active Inventory is 4,700
Sold Homes is 3,973
Average Price is $494,138
Median Price is $420,000
Average Days on Market is 23

Condo:
Active Inventory is 1,537
Sold Homes is 1,507
Average Price is $331,574
Median Price is $275,000
Average Days on Market is 39
Year To Date Market Recap:

Single Family:
Sold Homes is 18,602
Average Sold Price is $473,386
Median Sold Price is $405,350
Average Days on Market is 33

Condo:
Sold Homes is 7,584
Average Sold Price is $312,068
Median Sold Price is $261,000
Average Days on Market is 38


Market Facts:
Overall, June continues to be a record setting month, especially in the lower ranges. The Denver home market continues to be hot; but, now loosening up for Buyers as the rate of price growth is slowing and the number of homes available for sale are increasing. Mortgage interest rates continue to increase. Multiple offers, bidding wars, appraisal and inspection issues, and wire fraud continue to impact the home market. As always, be prepared.

Advice to Sellers:
The Denver Seller’s market continues in the lower ranges and Buyer’s are remaining in the market. As a Seller, you should pretty much know what Buyers are looking for and know that you have to create a lasting impression as you are offering your home for sale. Are you aware that Buyers are now looking for “Smart Homes”? Smart homes are energy efficient and convenient. Smart homes now have new thermostats, lighting control, appliance automation, and security. Is your home a Smart Home?

Are you aware that certain Buyers are now making offers on homes available for sale without even having a showing time set or actually seeing the home?
Be aware that Smart Homes, Healthy Homes, and Life Style choices are a Buyer priority.

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. Now is the time to reach out to a Professional.

Advice to Buyers:
The Denver home market continues to be a Seller’s market especially in the lower price ranges even though the number of active listings increased in June. Buyer’s creativity remains with multiple offers, bidding opportunities, and price appreciation. Similar to the above comments, be prepared to act quickly. Create your home buying plan and stick to it.
Metro Denver population is increasing. Metro Denver home Buyers now represent every age group. Buyers are looking for their American Home Dream.

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, 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!

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



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!

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



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!




Check us out www.team-koz.com







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