Monday, April 19, 2021

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!






Friday, April 2, 2021

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!



Friday, March 12, 2021

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!






Saturday, February 27, 2021

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!




 

Sunday, February 14, 2021

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!






Monday, February 8, 2021

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






Thursday, January 7, 2021

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!