Sunday, February 20, 2011

Denver Real Estate Market Update February 2011

Denver Real Estate Market Update February 2011 So, How’s the Market, February 19, 2011

The Denver Real Estate Market is Learning to “Fly Solo”!

The Real estate markets across America were being supported with Government Stimulus incentives in 2010! The markets in the early months of 2011 are learning to fly on their own, which in the long run will be healthier and give us a true picture of real values. Buyers and Sellers seemed to be on hold in January and the beginning of February after a small surge of activity the end of 2010.

Here are some of the latest stats:

- New listings/homes for sale only increased by about 100 from the previous month (good news)

- The number of Under Contract homes in January 2011 saw a major decrease down 43% from January 2010. (Again, the reminder that the tax stimulus was in full effect last year.)

- Homes Sold/Closed in January were also down approximately 24% year over year. All of the above comparisons include Single Family Homes and Condo/Townhomes.

The positive news is that It appears that the sleeping giant called a Denver Home Buyer is slowly waking up now that the Super Bowl is over, and the post Christmas blues have begun to wear off. The Groundhog saw his shadow, so officially Spring is nearby and the Spring Home Buying market should be close by as well.

Home prices seem to be bouncing along the bottom, so the best opportunities for Buyers is right now before the Spring rush begins and the low interest rates we are still seeing start to rise. Sellers should prepare their homes to the best condition as possible as time on the market has increased year over year!

HEADLINE: Timing Is Important!

If you’re considering listing a single family home or condo for sale in 2011, it’s time to stop thinking and start the process, those that are on the market now are ahead of the game and are already getting showings. Last year the average residential property was on the market for well over three months before selling – which doesn’t include the properties that were taken off the market prior to sale. Even if you list your home today, it will likely be nearly mid-year before you find a buyer and close.

Timing is important when listing a home. In 2010, almost as many residential properties were sold March through June as were sold during the other months combined. Waiting until later in the year to list your property may mean missing out on the hottest selling times of the year.

The following graph compares days on market over the past 2 years for the average home in the Denver market. Homes in the mid to upper price ranges, especially above $350,000 have had significantly longer marketing times depending on neighborhood and area.

Advice for Buyers!
No one knows exactly what’s going to happen to home prices. Today’s prices may be the most affordable for the foreseeable future. With both prices and interest rates low, now is a great time to buy. Begin your search before the Spring weather attracts more buying competition!

Advice for Sellers!
Based on the number of active listings, there is an inventory of well over 5 months for the average single family home currently. Make sure your home is on the market now to ensure it’s available to buyers during the peak shopping months of March through September. Your home has to shows as good as it can show so you don’t miss an opportunity.

Wednesday, February 16, 2011

Incredible Views! Once in a Lifetime Opportunity!

3879 Stone Canon Ranch Rd. Castle Rock CO 80104

Michael Kozlowski Receives Top Honors as the #1 Individual Agent at RE/MAX Professionals for 2010 at Awards Ceremony 2/16/2011.

Michael Kozlowski - Team Koz RE/MAX Professionals takes top honors at the RE/MAX Professionals awards ceremony at Pinehurst Country Club February 16, 2010.

Michael was recognized as the #1 Individual Agent at RE/MAX Professionals for 2010, as well as the #1 Individual Agent at the Dever Tech Center Office for 2010.

For more information please visit or contact Michael directly at

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