Denver Real Estate Market Update April 2021!

Denver Real Estate Market Update April 2021!

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

Selling homes from $30,000-$105,000 Over Asking Price in 2021! Don't Miss Your Opportunity Call or Text Today! 303-949-2755

We have completed the First Quarter of 2021 with unprecedented numbers for Average Prices and Pending Activity!

This is a bit crazy, but the Average of Price of a Single Family Home in March 2021 was $674,990, which is compared to just $565,745 last year at this time! (That is a 19.3% Increase)

- A year ago could you have imagined that the price of a Single Family Home in the Metro Denver Area would be up 19.3%?

We commonly call this phenomenon a huge Inventory Shortage, but this data suggests that New Listings are pretty abundant, so the bigger picture is not an Inventory Shortage as much as it is a Demand Surplus!

- The Market wants to buy homes, and they want to buy them now! The desire for more space, and to be in a forever home is at a record pace, as the Luxury Market has Closed 852 homes YTD vs 499 last year! (That is up 71% YTD)

Here is the latest:

- Even LOWER Inventory than Last Month at 1,921 Active Listings for Homes, Townhomes & Condos in all of the Metro Denver Area, which is down 66.74% from a year ago!

- The Average Price of a Single Family Home at $674,990 is up 6.7% from homes sold just last month!

- The Average Price of Townhomes & Condos at $416,775 is up 8.17% from a year ago.

- Over $622,436,619 of Luxury Homes sold in March which is up 78.43% from 2020!

Our Inventory remains at ONLY 1,122 Single Family Homes!

- This is a 70.70% decrease from this time in 2020! The average price increase of all Residential homes detached and attached is up 15.26% year of year.

There is no better time to list your home and take advantage of an unprecedented Seller’s Market! With interest rates near all-time lows there are opportunities for Buyers as well with the right strategies!

We may see some beginnings of more balance in the market, as we should see more Inventory come to the market now that the Easter Holiday is past and the Spring/Summer markets are in full speed!

The Market is moving differently in certain parts of town, but much of the Buyer demand has been moving in the suburbs, Douglas County, the Foothills and the Luxury Market! Low Interest rates continue to help drive the demand!

Please let me know if you have any questions or would like any more specific information, feel free to forward our market update to everyone you know and spread the word that real estate is open for business!

RE/MAX National Housing Report April 2021

 RE/MAX National Housing Report April 2021

Selling homes from $51,000-$105,000 Over Asking Price in 2021! Don't Miss Your Opportunity Call or Text Today! 303-949-2755

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

Spring is here and the market is HOT. Prices are up, inventory is low and sales have managed to stay high as we close out the winter season. In fact some metropolitan areas are seeing the highest median home price in the report’s 13 year history. Spring tends to host higher sales prices than winter and this year is shaping up to carry on that trend.

- Inventory has declined 20 of the last 21 months.

- Of 53 metro areas surveyed, prices are up 5.7% compared to

February of last year.

- Days on Market is averaging 42 (of 53 Metro areas surveyed)

which is down 18 days from February 2020.

Spring has brought with it a complicated and competitive market. With interest rates remaining low and inventory flying off the shelves, know that I am here to help you navigate the entire home selling and or buying process.

Please don’t hesitate to reach out if you’d like to talk about your Real Estate options with a professional. I am here to support you!

Denver Real Estate Market Update March 2021

Denver Real Estate Market Update March 2021

The words of the new year continue to be Wow and Unbelievable!  

A year ago could you have imagined that the price of a Single Family Home in the Metro Denver Area would be up 17.26% from February 2020 to an Average Price of $630,227?

Here is the latest:

• Even LOWER Inventory than Last Month at 2,024 Active Listings for Homes, Townhomes & Condos in all of the Metro Denver Area, which is down 58.14% from a year ago! 
• The Average Price of a Single Family Home at $630,227 which is up 17.3% from a year ago! 
• The Average Price of Townhomes & Condos at $399,262 is up 10.23% from a year ago. 
• Over $368,000,000 of Luxury Homes sold in February which is up 54.25% from 2020!

Our Inventory has shrunk to ONLY 1,120 Single Family Homes! 

• This is a 65.01% decrease from this time in 2020!  The average price increase of all Residential homes detached and attached is up 17.26% year of year.

There is no better time to list your home and take advantage of an unprecedented Seller’s Market! With interest rates near all-time lows there are opportunities for Buyers as well with the right strategies!

The Market is moving differently in certain parts of town, but much of the Buyer demand has been moving in the suburbs, Douglas County, the Foothills and the Luxury Market!  Low Interest rates continue to help drive the demand! 

Please let me know if you have any questions or would like any more specific information, feel free to forward our market update to everyone you know and spread the word that real estate is open for business!

RE/MAX National Housing Report February 2021

RE/MAX National Housing Report February 2021!

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

Check us out: www.team-koz.com

Last time we checked in about the housing market, things were looking great as we started into a new year and that trend has continued! While the increase of home values has slowed, they’re still markedly higher than last year’s numbers. So what’s the breakdown?

- Inventory is at a 13-year record low, decreasing by as much as 30% year over year.

- The median home price has gone up to $285,000. up almost 12% from last year.

- Days on the market has decreased from a 59-day average down to 40. 

In short, time matters in today’s market.

There are fewer homes going up for sale, so you’ll want to be as prepared as possible when you’re ready to buy. Home values are going up and spending fewer days on the market, so having a professional on your team to help you navigate offers will be important for any seller. And I am here to help you through any and every step of the process. 

If you’re looking to buy or sell a home in 2021, call or email me any time to set up a meeting. I’d love to assist you!

 

Denver Real Estate Market Update February 2021

Denver Real Estate Market Update February 2021

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

The words of the new year continue to be Wow and Unbelievable!   

A year ago could you have imagined that the price of a Single Family Home in the Metro Denver Area would be up 18.69% from January 2020 to an Average Price of $629,159?

Here is the latest:

• Extremely Low Inventory at 2,316 Active Listings for Homes, Townhomes & Condos in all of the Metro Denver Area, which is down 53.13% from a year ago!   
• The Average Price of a Single Family Home at $629,159 which is up 18.69% from a year ago! 
• The Average Price of Townhomes & Condos at $397,792 is up 11.70% from a year ago. 
• Almost $336,000,000 of Luxury Homes sold in January which is up 85% from 2020!

Our Inventory has shrunk to ONLY 1,263 Single Family Homes! 

• This is a 61.69% decrease from this time in 2020!  The average price increase of all Residential homes detached and attached is up 15.71% year of year. 

There is no better time to list your home and take advantage of an unprecedented Seller’s Market! With interest rates near all time lows there are opportunities for Buyers as well!    

The Market is moving differently in certain parts of town, but much of the Buyer demand has been moving in the suburbs, Douglas County, the Foothills and the Luxury Market!  Low Interest rates continue to help drive the demand! 

Please let me know if you have any questions or would like any more specific information, feel free to forward our market update to everyone you know and spread the word that real estate is open for business!

RE/MAX National Housing Report January 2021!

 RE/MAX National Housing Report January 2021!

Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado! Check us out: www.team-koz.com

It's a new year, and if you're anything like me, then 2021 started off with a bang! The housing market has also hit the ground running in the new year. Homes are spending less time on the market, the Median Sales Price of a home is up over 9% from last year and Months of Supply Inventory is now less than half of what it was at the end of 2019.

• Average Days on Market of 37, over two weeks less than the 53 days a year ago.

• Median Sales Price of $290,000 – up 9.4% year-over-year.

• Months of Supply of Inventory at 1.8, which was less than half of December 2019's 3.9

You can read the full report here.

All in all 2021 is shaping up nicely for the housing market but things are moving quickly and time is of the essence! So as you consider your options be sure to bring in a professional to make the buy/sell process as simple as possible. As your local Real Estate Agent, I would be happy to walk you through any of this information or discuss your plans to buy or sell a home this year.

Call, Text or Email Anytime! 303-949-2755

Denver Real Estate Market Update January 2021!

Happy New Year!

I thought you might like the latest market update to review, see attached Denver Real Estate Market Stats and update below.

The words of the year are Wow and Unbelievable!  The Core numbers as we ended 2020 are as follows:

• Extremely Low Inventory at 2,541 Active Listings for Homes, Townhomes & Condos in all of the Metro Denver Area, which is down -49.5% from a year ago! 
• Total Closings 62,985 which is up 6.95% from a year ago! 
• The Average Price of a Single Family Home at $583,976 which is up 9.06% from a year ago! 
• The Average Price of Townhomes & Condos at $379,640 which is up 4% from a year ago. 
• A staggering $33 Billion dollars in Volume Closed in 2020, which is up 15.4% from 2019!

Our Inventory has shrunk to ONLY 1,316 Single Family Homes! 

• This is a 60.83% decrease from this time in 2020!  The average price increase of all Residential homes detached and attached is hovering in the 9% range YTD.

There is no better time to list your home and take advantage of an unprecedented Seller’s Market! With interest rates at all time lows there are opportunities for Buyers as well!

The Average Price that Closed on a Single Family Home in December was $616,895 17.06% higher than December 2019! 

The Market is moving differently in certain parts of town, but much of the Buyer demand has been moving in the suburbs, Douglas County, the Foothills and the Luxury Market!  Low Interest rates continue to help drive the demand! 

Please let me know if you have any questions or would like any more specific information, feel free to forward our market update to everyone you know and spread the word that real estate is open for business!

 

RE/MAX National Housing Report December 2020

RE/MAX National Housing Report December 2020!

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

The housing market certainly had a joyous season. Home sales were up nearly 20% year-over-year in November, according to the latest RE/MAX National Housing Report. In addition to record sales in November, here are three things that you should know from the latest report.

The Median Sales Price was up 13.8% from November 2019. The number of days a home stays on the market is down to just 36. November was the fourth month in a row to set a new record for the fewest listings.

Overall the housing market continues to thrive! Interest rates will remain low, which will create a lot of opportunities for both buyers and sellers. If you're thinking about a move in 2021, it's important to start planning now.

As your local real estate expert, I'd be happy to help you make your move in 2021. Call, Text, Email to set up a time to meet or check us out at: www.team-koz.com

Michael Kozlowski

RE/MAX Professionals

303-949-2755

michael@team-koz.com

www.team-koz.com

I hope that you have a very Happy New Year!

Denver Real Estate Market Update December 2020

Denver Real Estate Market Update December 2020

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

Merry Christmas, Happy Hanukkah and Happy Holiday Season!

I thought you might like the latest market update to review, see attached Denver Real Estate Market Stats and update below.

This is a December to put in our history books, as the normal Hustle and Bustle of the Holiday Season has been tempered by the Pandemic and decreased our Holiday activities.  The Real Estate Market has picked up the slack of activity as Buyers are still very interested in buying as soon as possible with these low interest rates. 

Every Christmas has a Naughty List, and this year it is our Inventory of Active Listings!  We can’t remember a more difficult time for buyers to find the right home, as our Inventory has shrunk to ONLY 1,755 Single Family Homes, 1660 Townhomes and Condos for a total Inventory of 3,415! 

• This is a 51% decrease from this time in 2019!  The average price increase of all Residential homes detached and attached is hovering in the 8+% range YTD.

There is no better time to list your home and take advantage of an unprecedented Seller’s Market!

• Active Listings at month end were 3,415 which is 51% less than November 2019! 
• New Listings were 3,689 up slightly from November 2019! 
• Pending homes were at 4,796 which is ahead of November 2019!
• Sold Homes were 4,820 and which is significantly more than November 2019! 

The biggest story is the Average Price that Closed on a Single Family Home in November was $615,766 significantly higher than November 2019! 

Year to Date our Single Family Average price stands at $549,756 which is an almost 8% increase for the year!  Wow!

The Market is moving differently in certain parts of town, but much of the Buyer demand has been moving in the suburbs, Douglas County, the Foothills and the Luxury Market!  Low Interest rates continue to help drive the demand! 

Please let me know if you have any questions or would like any more specific information, feel free to forward our market update to everyone you know and spread the word that real estate is open for business!

RE/MAX National Housing Report November 2020

RE/MAX National Housing Report November 2020

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

The holidays are here and the housing market continues to boom! Homes sold at the fastest pace in over a decade, according to the latest RE/MAX National Housing Report. Here are three things that you should know about housing.

Homes went from listing to contract in just 38 days – that's the fastest in over 13 years. Home sales were up 20.8% from October 2019.

The median sales price was up from September to $295,000.

So what does this mean for you? It's a seller's market. Buyers are jumping at the opportunity to make a move. The number of homes on the market is at a record low. So, if you're thinking about selling, there's most likely a buyer waiting for you.

If a new home is on your shopping list, I can help you with all of your real estate needs.

Call, Text or Email anytime! 303-949-2755 michael@team-koz.com

RE/MAX National Housing Report October 2020

RE/MAX National Housing Report October 2020!

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

Check us out: www.team-koz.com

Happy Halloween!

As we move into November, the housing market continues to thrive. The summer season pushed into fall, causing September sales to surge, according to the latest RE/MAX National Housing Report. Here are three things you should know about the latest market numbers.

1. Closings rose 21.1% from a year ago.

2. Homes sold at an average of just 39 days – that's a full week faster than last year.

3. Inventory continues to struggle with buyer demand – plummeting a record 31.9% over last year.

The numbers prove the resilience and strength of the market. Buyers are jumping at the opportunity to make a purchase. Low-interest rates continue to attract buyers looking for a sense of community, more amenities, and the security of owning a home.

If you're thinking about buying or selling, you must be prepared. Navigating this competitive market takes an expert. I'd be happy to help you make your move this fall. Call, text, or reply to this email to set up a time to talk about your situation.

 

Denver Real Estate Market Update October 2020 - Team Koz Michael Kozlowski

 Denver Real Estate Market Update October 2020 - Team Koz Michael Kozlowski

As we move into the fall months we are seeing a Real Estate Market newly discovered and truly never seen before!  Numbers at a glance start with our lack of Inventory that is down 43% from this time last year!!  

• Active Listings at month end were 5,301 which is 43% less than September 2019! 
• New Listings were 6,456 down 4.3% from September 2019! 
• Pending homes were at 6,376 which is 26% ahead of September 2019!
• Sold Homes were 5,850 and that is 16.5% more than September 2019! 

The Market is full of demand from Buyers, and as you can see New Listings are happening so it’s mostly the demand driving this robust recovery! 

The Average Price of a Single Family Home is up 12% from September 2019! 

The Market is moving differently in certain parts of town, but much of the Buyer demand has been moving in the suburbs, Douglas County, the Foothills and the Luxury Market!  Low Interest rates continue to help drive the demand! 

Please let me know if you have any questions or would like any more specific information, feel free to forward our market update to everyone you know and spread the word that real estate is open for business!

RE/MAX National Housing Report August 2020!

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

Check us out: www.team-koz.com

I hope that you've enjoyed your first week of fall. Despite the season change, the housing market continues to sizzle. According to the most recent RE/MAX National Housing Report, August was a record-setting month for housing. Here are a few key takeaways that you might find interesting.

• Home sales continue to sore! They were up 4.3% over last August.

• The number of homes on the market hit a record low – plunging 29.6% over last August.

• Sales prices continue to be on the rise – the median sales price is now $290,000.

What does all of this mean for you? Fall is going to be a great time to buy or sell. Low-interest rates continue to favor buyers and sellers are motivated. If you have a home to sell, there are plenty of buyers ready to make a move. If you are thinking about a move, I'm here to help. Let's talk about your situation and our market. Call, Text or Email anytime!

Denver Real Estate Market Update September 2020

Denver Real Estate Market Update September 2020

The year of the Pandemic Summer, and the Hot Temps for the month of August have translated into a Hot Real Estate Market! This has possibly been the most active and productive August in recent history in the Denver Market! 

By the numbers:

• We saw 5,959 homes/townhomes and condos Closed, which is up 4.2% vs 2019!
• Active Listings at month end were 5,496 which is 41% less than 2019! 
• New Listings were at 6,786 which is about the same as 2019! 
• Pending homes were at 7,323 which is 32% ahead of 2019!
• Sold Homes were 5,959 which is 4.2% more than 2019! 

The big story again is the Average Price in August!  Single Family Homes Closed at an average price of $606,330 which is up 13.8% vs August 2019! 

• Condos and Townhomes Closed at an average price of $377,664 which is up a more normal 1.65% vs August 2019! 
• This confirms the general trend of Buyers flocking to Single Family Homes and out of multi-family units due to seeking distance from neighbors during COVID-19! 

To give a yearly update and some perspective, we have seen 39,078 Residential Closings YTD through August 2020.  We saw 39,836 Closings in the same time frame for 2019! 

The Bottom Line is the Market has almost caught up with last year for Total Activity, and will probably exceed 2019 by the end of September!  This is a very resilient Market during a Pandemic!  

The Market is moving differently in certain parts of town, but much of the Buyer demand has been moving in the suburbs, Douglas County, the Foothills and the Luxury Market!  Low Interest rates continue to help drive the demand! 

Please let me know if you have any questions or would like any more specific information, feel free to forward our market update to everyone you know and spread the word that real estate is open for business!

RE/MAX National Housing Report August 2020

RE/MAX National Housing Report August 2020!

Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado! Check us out: www.team-koz.com

The market heated up in July. It saw a record bounce back from the recent pandemic skid according to the latest RE/MAX National Housing Report.

Here are three things you need to know:
- July saw a historic amount of homes sold - home sales were up 8.7% over last year.
- The number of homes on the market remains low – with only 1.7 months supply.
- Home prices grew 8.6% over last year. The median home price is $285,000.

It appears that the fall will be a busy time. If you're thinking about selling your home, now's the time! Buyers are in the market, interest rates are still historically low, and you won't have a lot of competition.

If you're thinking about a move this fall, I'm here to help!

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