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 $370,000,000 over the past 16 years, being awarded one of the highest RE/MAX Club Award Levels the Prestigious Titan Club Award.
-The inventory of available homes for sale is 6,722
homes at August month end
-6,169 homes came onto the market
-5,350 homes went under contract
-5,151 homes closed
-Median sold price $350,000
-Average sold price $401,168
-Closed dollar volume of $2.07 Billion.
Monthly Market Recap:
Active Inventory is 5,281
Sold Homes is 3,685
Average Price is $446,596
Median Price is $380,000
Average Days on Market is 28
Active Inventory is 1,441
Sold Homes is 1,466
Average Price is $286,978
Median Price is $241,750
Average Days on Market is 25
Year To Date Market
Sold Homes is 25,123
Average Sold Price is $442,074
Median Sold Price is $380,000
Average Days on Market is 32
Sold Homes is 9,956
Average Sold Price is $286,217
Median Sold Price is $237,500
Average Days on Market is 31
The Denver Metro home market continues to be a destination
market and is currently ranked the third hottest home market in the
country.August is now a month of
seasonality as the school season has started and even though buyers are still
in the market, overall activity has slowed.Appraisals are now taking longer
time frames and thus impacting closing dates.Mortgage interest rates continue to remain low, but may rise soon.As always, be prepared.
Advice to Sellers:
With the number of active listings and the number of homes
sold lower than in the prior month, the Denver home market is entering the fall
season.It is time as a Seller to continue
to focus on the following six (6) items:(1) stage the yard, (2) clean, clean, clean, (3) remodel or upgrade, (4)
de-clutter and stage 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.
As a Seller in the current home market, you need to be aware
of: (1) appraisals are now taking more time to complete, (2) Buyers are
becoming more focused on smart homes, and (3) healthy homes are now a new
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 and can assist in the Professional plan to sell one’s home.Now is the time to reach out to a
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 a destination and a top hot market.Be prepared to act quickly, create your home
buying plan, and stick to it.
Even though mortgage interest rates remain low today and the
wave of refinancing continues to increase, there is every indication that
mortgage interest rates will increase in the near future.What this means is that with an increase,
Buyers will be able to borrow less than currently.
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