Team Koz - Experience is Priceless!
Michael Kozlowski #1 Ranked Individual RE/MAX Agent in the State of Colorado! #1 Ranked agent at RE/MAX Professionals 3 years in a row!
Michael Kozlowski has also been Ranked as high as #15 out of over 56,000 RE/MAX Agents in the entire United States.
Michael has been recognized for sales volume of over $400,000,000 over the past 17 years, being awarded one of the highest RE/MAX Club Award Levels the Prestigious Titan Club Award.
By the numbers, the inventory of available homes for sale is:
-3,712 homes at January month end
-3,592 homes came onto the market
-3,347 homes went under contract
-2,438 homes closed
-Median sold price of $283,750
-Average sold price of $329,935
-Closed dollar volume of $804.4 Million.
Monthly Market Recap:
Active Inventory is 2,949
Sold Homes is 1,717
Average Price is $371,324
Median Price is $318,000
Average Days on Market is 47
Active Inventory is 763
Sold Homes is 721
Average Price is $231,371
Median Price is $185,000
Average Days on Market is 35
Year To Date Market
Sold Homes is 1,717
Average Sold Price is $371,324
Median Sold Price is $318,000
Sold Homes is 721
Average Sold Price is $231,371
Median Sold Price is $185,000
January traditionally is a slower home market month as it is
the start of a new year and the prior month’s focus was on getting homes closed
prior to year end.
-Consumer confidence increased in January to 102.9
up from 93.1 in December.
While home ownership continues to decline, household
formations have increased dramatically.
Boomerang and First Time Home Buyers are entering the home
-Mortgage interest rates fluctuated in January
and ended the month with a 30 year conventional rate around 3.375% and a 15
year conventional rate around 2.625%.
Advice to Sellers:
Is there a best season to sell your home?From a calendar or fall/winter/spring/summer
season stand point, the answer is no.The best season to sell your home comes down to what works best for you
the individual seller.Is now the best
time to sell your home?
Lifestyle continues to be the top priority of Buyers.What Lifestyle does your home represent?Not familiar with Lifestyle, reach out to a
If your home is on the market or will be soon, how do you
satisfy a buyer’s need resulting in the successful sale of your home?Let’s not forget that buyers have done their
homework, know exactly what they want in their new home, and will only compete
for the homes of their dreams.As such,
the homeowner looking to sell one’s 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
Advice to Buyers:
Is there a best season to buy a home in the Denver home
market?From a calendar or
fall/winter/spring/summer season stand point, the answer is no.The best season to buy a home comes down to
what works best for the individual Buyer.Keeping this in mind and with the upcoming changes in the market, the
Buyer needs to be prepared.
New home construction continues to ramp up, new closing
rules will be implemented in Q2 2015, and mortgage interest rates are forecast
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
Denver Real Estate Market Update January 2015 - Record Low Inventory of Homes!
Are looking to sell your home or make a move in 2015?
Do Not Wait and miss your opportunity to sell for an incredible price! The time is now, not later in the Spring as has been the case in past years.
7 COUNTY METROPOLITAN DENVER MARKET UPDATE JANUARY, 2015
By the numbers:...
- The inventory of available homes for sale is 3,843 homes at December month end - 2,220 homes came onto the market - 2,419 homes went under contract - 3,808 homes closed - Median sold price of $285,000 - Average sold price of $338,335 - Closed dollar volume of $1.3 Billion.
Monthly Market Recap:
Single Family: Active Inventory is 3,081 Sold Homes is 2,718 Median Price is $320,000 Average Price is $379,491 Average Days on Market is 46
Condo: Active Inventory is 762 Sold Homes is 1,090 Median Price is $185,000 Average Price is $235,707 Average Days on Market is 38
Year To Date Market Recap:
Single Family: Sold Homes is 37,271 Average Sold Price is $363,212 Median Sold Price is $305,550
Condo: Sold Homes is 14,367 Average Sold Price is $223,831 Median Sold Price is $180,000
Market Facts: - 2014 was a record year and there is every indication that 2015 will be as good as or better than 2014. - December was a record month because the market did not seasonally slow down. - Consumer confidence increased in December to 92.6 up from 91 in November.
While the inventory of homes available for sale is at an all time low, lifestyle choices continue to be the number one priority of home buyers. Mortgage interest rates fluctuated in December and ended the month with a 30 year conventional rate around 3.75% and a 15 year conventional rate around 3.0%.
Advice to Sellers: 2015 is here and the year starts with 2 lows! The lowest number of homes available for sale and the lowest mortgage interest rates since May, 2013. What is a seller to do or be aware of? The top five answers are affordability, mortgage availability, interest rates, number of homes available for sale, and new home builders.
Affordability refers to whether or not one’s home meets the criteria of a home Buyer and the pricing is appropriate for the market. The availability of homes for sale will impact the seller when the current home is under contract and whether the Seller can find a new home. Interest rates are expected to increase starting in the second quarter of 2015. Lastly, new home builders are projecting to build 25% more homes in 2015 than they were able to build in 2014. The Denver home market is expected to be in the top 10 home markets in 2015 because of job growth and an overall good economy.