#1 Ranked Individual RE/MAX Agent in the State of Colorado!
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 $450,000,000 over the past 18 years, being awarded the highest RE/MAX Club Award Level the Prestigious Diamond Club Award.
If you are looking to buy or sell a home or would just like more information, Call, Text or Email today!
Saturday, April 4, 2015
Denver Real Estate Market Update March 2015
By the numbers:
-The inventory of available homes for sale is 3,657 homes at February
-4,065 homes came onto the market
-3,904 homes went under contract
-2,832 homes closed
-Median sold price of $293,625
-Average sold price of $344,049
-Closed dollar volume of $974.3 Million.
Monthly Market Recap:
Active Inventory is 2,940
Sold Homes is 1,997
Average Price is $383,810
Median Price is $325,000
Average Days on Market is 42
Active Inventory is 717
Sold Homes is 835
Average Price is $248,957
Median Price is $191,000
Average Days on Market is 47
Year To Date Market
Sold Homes is 3,737
Average Sold Price is $372,863
Median Sold Price is $323,050
Sold Homes is 1,565
Average Sold Price is $240,268
February was a very wintry month in which the home market
survived and continued to thrive as it moves closer to the spring season.
-Buyer demand continues to be strong.
-Consumer confidence decreased in February to 96.4
down from 103.8 in January.
-The top three counties for Sold properties this
month were Denver, Arapahoe, and Jefferson.
With low active inventory, Buyers expectations need to be
set in order to compete.
Mortgage interest rates fluctuated upward in February and
ended the month with a 30 year conventional rate around 3.625% and a 15 year
conventional rate around 2.875%.
Advice to Sellers:
The Denver home market remains in the top 10 home markets in
the USA and this Seller’s market continues.A Seller’s market effectively means that Buyers exceed the number of
active listings or homes for sale.New
generation homebuyers are entering the market and have been searching the
internet for a long time period to determine what type of home and where it is
located would fit the Buyer’s American Dream.
Buyers are more knowledgeable, prepared, willing to compete,
and will always think outside of the traditional home buying process to acquire
the home of their dreams.
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 an expert,
knowledgeable, and can assist in the Professional plan to sell one’s home.
Advice to Buyers:
Traditionally the prime home buying season begins in late
April.For the last two years, this has
not been the case as the prime season is starting earlier.The months of January and February are over
and they have shown the market that Buyer demands continues to be strong.
Active listings are at an all time low and even with new
listings coming on the market, the market remains very competitive.Buyers are participating in the market using
non traditional approaches to purchase a home.Cash transactions, quick closes, and offering prices above the asking or
listed price are becoming the norm again.
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.