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 6,733
homes at September month end
-5,425 homes came onto the market
-4,386 homes went under contract
-4,520 homes closed
-Median sold price $375,000
-Average sold price of $422,009
-Closed dollar volume of $1.91 Billion.
Monthly Market Recap:
Active Inventory is 4,964
Sold Homes is 3,184
Average Price is $469,049
Median Price is $405,000
Average Days on Market is 29
Active Inventory is 1,769
Sold Homes is 1,336
Average Price is $309,901
Median Price is $265,000
Average Days on Market is 41
Year To Date Market
Sold Homes is 29,331
Average Sold Price is $474,776
Median Sold Price is $407,900
Average Days on Market is 31
Sold Homes is 12,023
Average Sold Price is $312,370
Median Sold Price is $265,000
Average Days on Market is 39
Fall is here and we are seeing an increasingly seasonal
slowdown in the Denver Metro home market.Showings are slowing down, mortgage rates have risen, Sellers are
reducing prices, Buyers are escalating demands during the inspection process,
and many Buyers now want turn key properties so they can move in and live to
their expectations.Overall, the home
market is good year over year.As a
Seller or Buyer, be prepared.
Advice to Sellers:
With an increased seasonal slowdown in the Denver home
market, Sellers need to be aware what should be done so that Buyers will keep
the Seller’s home within their desire to buy.Keep in mind that curb appeal entices the Buyers to see more and is
known as the first impression.Next,
remember to declutter and stage rooms for a purpose.Pay attention to details and light up the
home by cleaning and adding LED lightbulbs.Always remember that as a Seller you need to leave a great lasting
impression on all Buyers when they are shown your home.
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 market
knowledgeable, and can assist in the Professional plan to sell one’s home.Now is the time to reach out to a
Professional more than ever in recent history.
Advice to Buyers:
There is every indication that Buyers will see a different
fall home market than in the prior years.What this means is that the Denver home market will continue to show seasonal
signs of leveling off and Buyers will see a slowdown of activity.Be prepared to act quickly, create your home buying
plan, and stick to it.
Home pricing will remain constant with little price
appreciation.Even though mortgage
interest rates remain low today, there is every indication that mortgage
interest rates will continue to 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