Check us out: http://www.team-koz.com/
Tuesday, March 21, 2017
Denver Real Estate Market Update March 2017
Michael Kozlowski #1 Ranked Individual RE/MAX Agent in the State of Colorado 2016!
Check us out: http://www.team-koz.com/
Check us out: http://www.team-koz.com/
Monday, March 20, 2017
Denver Real Estate Market Update March 2017
Denver Real Estate Market Update February 2017
Michael Kozlowski #1 Ranked Individual RE/MAX Agent in the State of Colorado 2016!
Check us out: http://www.team-koz.com/
7 COUNTY METROPOLITAN DENVER MARKET UPDATE
MARCH, 2017
By the numbers:
-
The inventory of available homes for sale is 3,531
homes at February month end
-
4,316 homes came onto the market
-
4,161 homes went under contract
-
2,964 homes closed
-
Median sold price of $355,000
-
Average sold price $399,269
-
Closed dollar volume of $1.2 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 2,608
Sold Homes is 2,043
Average Price is $446,075
Median Price is $393,000
Average Days on Market is 42
Condo:
Active Inventory is 923
Sold Homes is 921
Average Price is $295,442
Median Price is $253,529
Average Days on Market is 43
Year To Date Market
Recap:
Single Family:
Sold Homes is 4,218
Average Sold Price is $445,411
Median Sold Price is $385,000
Average Days on Market is 45
Condo:
Sold Homes is 1,818
Average Sold Price is $291,760
Median Sold Price is $248,000
Average Days on Market is 40
Market Facts:
February was another great month in the Denver home
market. Even though consumer confidence increased
month over month, the consistent media exposure talked about home price
appreciation. The number of homes for
sale remains low. Buyers and Sellers
need to be aware of all facts impacting the Denver home market as the prime
home selling and home buying season is here.
Buyers and Sellers must manage their expectations.
Advice to Sellers:
What should you do if you are ready to sell your home? First and foremost, properly price your home,
make your home shine and stand out from the competition, and de-clutter. Many current home owners are in the process
of preparing their home to be sold by completing renovation and/or
upgrades. Be aware of what are the
desirable home improvements that Buyers are looking for.
Here are some things to think about for upgrades: energy efficient, low emission, tank less
water heater, “Next” type thermostats, kitchen upgrade, open floor plan,
hardwood flooring, new counter tops, “amped” appliances, and smart and healthy
homes.
With continued Denver population growth and consumer demand
for home ownership, market strength is here and can be expected to continue for
the next several months.
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
a local expert, is hyper local market knowledgeable, and can assist in the Professional
plan to sell one’s home. Now is the time
to reach out to a Professional.
Advice to Buyers:
What should you do if you are ready to buy? First and foremost, focus on your lifestyle
and must haves. Next, pre-qualify so you
know what portion of the market you can participate in. The current Buyer motivation relates to high
rents, low number of active homes for sale, and household formation. Last but not least, do it now.
The prime home selling and buying season is here. Be aware of moderate home price growth and continuing
increase in mortgage interest rates. Create
your home buying plan and stick to it.
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
“Dream” home.
Friday, March 10, 2017
Tuesday, March 7, 2017
9343 Winter Sky Ct Lone Tree CO 80124 - Michael Kozlowski - REMAX Profes...
Spectacular Home! Text 303-949-2755 for a Private
Showing!
#1 Ranked Individual RE/MAX Agent in the State of
Colorado 2016!
Check us out www.team-koz.com
Friday, March 3, 2017
Wednesday, March 1, 2017
Saturday, February 25, 2017
REMAX National Housing Report February 2017
REMAX National Housing Report February 2017
Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: http://www.team-koz.com/
Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: http://www.team-koz.com/
Thursday, February 9, 2017
Denver Real Estate Market Update February 2017
Denver Real Estate Market Update February 2017
Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: http://www.team-koz.com/
7 COUNTY METROPOLITAN DENVER MARKET UPDATE
FEBRUARY, 2017
By the numbers:
-
The inventory of available homes for sale is 3,655
homes at January month end
-
3,620 homes came onto the market
-
3,525 homes went under contract
-
3,004 homes closed
-
Median sold price $348,218
-
Average sold price $399,856
-
Closed dollar volume of $1.2 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 2,698
Sold Homes is 2,121
Average Price is $445,961
Median Price is $379,900
Average Days on Market is 47
Condo:
Active Inventory is 957
Sold Homes is 883
Average Price is $289,111
Median Price is $242,000
Average Days on Market is 36
Year To Date Market
Recap:
Single Family:
Sold Homes is 2,121
Average Sold Price is $445,961
Median Sold Price is $379,900
Average Days on Market is 47
Condo:
Sold Homes is 883
Average Sold Price is $289,111
Median Sold Price is $242,000
Average Days on Market is 36
Market Facts:
January 2017 set records when compared to prior January home
transactions. Buyer demand remains
strong and the inventory of active listings remains low. Denver continues to be a destination
city. Buyers and Sellers need to be
aware of all facts impacting the Denver home market. The prime home selling and buying season is
around the corner and as a Seller or a Buyer, be prepared as the “hot” prime
season will start soon. The home market
is changing.
Advice to Sellers:
Recognizing that “Housing Forecasts” predict a healthy real
estate market for 2017, Seller’s need to be aware that the housing market is
forecasted to be a Seller’s market due to strong Buyer demand, relatively low
inventory of homes for sale, and reasonable price appreciation. With this being said, here are some top tips
for 2017 Seller’s. List your home during
the prime home selling and home buying season which is just around the corner.
Strong Buyer demand will benefit Sellers.
Second, price your home to the market.
Be very aware of recent pricing for homes sold in or near your
neighborhood or are a similar home to yours. Third, consider what you as a Seller needs to
do to your home or if you may need to offer incentives to make the home more
marketable.
Denver will see more Buyers from all over the world. Denver will continue to be in the top five
home markets in 2017. Consumers will
continue to focus on home ownership.
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
a local expert, market knowledgeable and can assist in the Professional plan to
sell one’s home. Now is the time to
reach out to a Professional as the real estate market is localized and very dynamic.
Don’t take your chances that a lower cost option will save money and yield
similar results as it often doesn’t.
Advice to Buyers:
The 2017 housing market is forecasted to be primarily a
Seller’s market mainly due to high Buyer demand and low inventory of homes for
sale. The prime home selling and buying
season is just around the corner and expect another market frenzy year. As a Buyer, be the early bird and get into
the home market now, do your homework and be approved for the best mortgage
option for you, consider buying a new home that meets your expectations, and
look at the entire home market. Be aware
of moderate home price growth and potential increase in mortgage interest
rates. Create your home buying plan and
stick to it.
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
“Dream” home.
Denver Real Estate Market Report February 2017
Denver Real Estate Market Report February 2017
Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: http://www.team-koz.com/
Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: http://www.team-koz.com/
Saturday, January 28, 2017
RE/MAX National Housing Report January 2017
RE/MAX National Housing Report January 2017
Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: http://www.team-koz.com/
Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: http://www.team-koz.com/
Tuesday, January 24, 2017
Thursday, January 19, 2017
Tuesday, January 17, 2017
Denver Real Estate Market Update January 2017
Denver Real Estate Market Update January 2017
Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: http://www.team-koz.com/
Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: http://www.team-koz.com/
Thursday, January 12, 2017
Denver Real Estate Market Update January 2017
Denver Real Estate Market Update January 2017
Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: http://www.team-koz.com/
7 COUNTY METROPOLITAN DENVER MARKET UPDATE
JANUARY, 2017
By the numbers:
- The inventory of available homes for sale is 3,910 homes at December month end
- 2,359 homes came onto the market
- 2,757 homes went under contract
- 4,157 homes closed
- Median sold price $349,500
- Average sold price $394,803
- Closed dollar volume of $1.6 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 2,919
Sold Homes is 2,936
Average Price is $431,969
Median Price is $375,000
Average Days on Market is 47
Condo:
Active Inventory is 991
Sold Homes is 1,221
Average Price is $305,431
Median Price is $255,000
Average Days on Market is 38
Year To Date Market Recap:
Single Family:
Sold Homes is 38,077
Average Sold Price is $440,941
Median Sold Price is $380,000
Average Days on Market is 34
Condo:
Sold Homes is 15,310
Average Sold Price is $288,140
Median Sold Price is $240,000
Average Days on Market is 31
Market Facts:
2016 was another record setting year with 53,387 homes sold and a closed dollar volume of $21.2 Billion!
Happy New Year and whether you are a Seller or a Buyer, be prepared as Metro Denver continues to be one of the top destination cities in the United States.
In closing the year and looking forward into 2017, the top concerns are tight inventory, home affordability, appraisal issues, and increasing interest rates .
Advice to Sellers:
Happy New Year - 2017 is here and as a Seller, what can you expect from the Denver home market? Overall the Denver home market will continue to move forward; but at a slower pace than 2016. Buyer demand will continue to be strong as Denver continues to be a destination city. Price appreciation is not expected to be as great as in 2016. New household formations will continue to increase and multi generations will look to buy. Denver will see more Buyers from all over the world. Denver will continue to be in the top 10 home markets in 2017. Consumers will continue to focus on home ownership. New home builders will focus on increasing the availability of their new home models and try to reduce the time needed to build a new home.
Buyers today continue to be savvy and more educated when it comes to home markets. Sellers need to know where they want to live. Home closing time frames are now increasing by at least a week. As a Seller, do not forget the home selling basics, make your plan and stick to it.
Advice to Buyers:
Happy New Year - 2017 is here and as a Buyer, what can you expect from the Denver home market? 2017 will bring increased home mortgage interest rates, continuous changes to the closing process, home price appreciation, strong Buyer demand as Denver continues to be a destination city, an increase in household formations, more and more Buyer competition will come from all over the world, and market conditions that may challenge all. The definition of what makes a home is dramatically evolving from tiny home to multi generational. Create your home buying plan and stick to it.
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 “Dream” home.
Tuesday, January 3, 2017
Wednesday, December 14, 2016
Denver Real Estate Market Update December 2016
7 COUNTY METROPOLITAN DENVER MARKET UPDATE
DECEMBER, 2016
By the numbers:
Single Family:
Single Family:
The Denver home market continues the seasonal slowdown with a focus on family and holidays. Buyers remain in the market, Sellers are motivated and looking forward. Winter weather is on the way, homes for sale remain low, lifestyle choices and smart homes are the number one priority of home buyers. The Denver economy is continuing to move forward strongly into 2017. 2016 is another record setting year but we will start to see changes in 2017.
Advice to Sellers:
2017 will be here in a few weeks and as a Seller, what can you expect from the Denver home market?
Let’s look at 2017 predictions for the Denver home market:
Advice to Buyers:
2017 will be here in a few weeks and as a Buyer, what can you expect from the Denver home market?
Let’s look at a 2017 prediction for the Denver home market:
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 “Dream” home.
DECEMBER, 2016
By the numbers:
- The inventory of available homes for sale is 3,476 homes at November month end
- 3,543 homes came onto the market
- 2,295 homes went under contract
- 4,142 homes closed
- Median sold price $350,000
- Average sold price $400,569
- Closed dollar volume $1.659 Billion.
Single Family:
- Active Inventory is 2,566
- Sold Homes is 2,969
- Average Price is $443,058
- Median Price is $376,000
- Average Days on Market is 39
- Active Inventory is 910
- Sold Homes is 1,173
- Average Price is $293,025
- Median Price is $247,000
- Average Days on Market is 31
Single Family:
- Sold Homes is 34,995
- Average Sold Price is $441,821
- Median Sold Price is $380,000
- Average Days on Market is 33
- Sold Homes is 14,019
- Average Sold Price is $286,663
- Median Sold Price is $239,900
- Average Days on Market is 31
The Denver home market continues the seasonal slowdown with a focus on family and holidays. Buyers remain in the market, Sellers are motivated and looking forward. Winter weather is on the way, homes for sale remain low, lifestyle choices and smart homes are the number one priority of home buyers. The Denver economy is continuing to move forward strongly into 2017. 2016 is another record setting year but we will start to see changes in 2017.
Advice to Sellers:
2017 will be here in a few weeks and as a Seller, what can you expect from the Denver home market?
Let’s look at 2017 predictions for the Denver home market:
- Overall the Denver home market will continue to move forward; but at a slower pace than 2016.
- Buyer demand will continue to be strong as Denver continues to be a destination city.
- Price appreciation will not be as great as in 2016.
- New household formations will continue to increase and multi generations will look to buy.
- Denver will continue to be in the top 10 home markets in 2017.
- Consumers will continue to focus on home ownership.
- New home builders will focus on increasing the availability of their new homes.
Advice to Buyers:
2017 will be here in a few weeks and as a Buyer, what can you expect from the Denver home market?
Let’s look at a 2017 prediction for the Denver home market:
- 2017 will bring increased home mortgage interest rates
- Continuous changes to the closing process
- Lower price appreciation
- Strong Buyer demand as Denver continues to be a destination city
- An increase in household formations.
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 “Dream” home.
Tuesday, November 29, 2016
RE/MAX National Housing Report November 2016
RE/MAX National Housing Report November 2016
Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: http://www.team-koz.com/
Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: http://www.team-koz.com/
Tuesday, November 22, 2016
Denver Real Estate Market Report November 2016
Denver Real Estate Market Report 2016!
#1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: www.team-koz.com
#1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: www.team-koz.com
Saturday, November 19, 2016
Denver Real Estate Market Update November 2016
7 COUNTY METROPOLITAN DENVER MARKET UPDATE
NOVEMBER, 2016
By the numbers:
-
The inventory of available homes for sale is 6,235
homes at October month end
-
4,657 homes came onto the market
-
4,628 homes went under contract
-
4,475 homes closed
-
Median sold price of $349,900
-
Average sold price of $397,611
-
Closed dollar volume of $1.779 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 4,799
Sold Homes is 3,162
Average Price is $442,934
Median Price is $380,000
Average Days on Market is 34
Condo:
Active Inventory is 1,436
Sold Homes is 1,313
Average Price is $288,462
Median Price is $241,700
Average Days on Market is 30
Year To Date Market
Recap:
Single Family:
Sold Homes is 31,951
Average Sold Price is $441,735
Median Sold Price is $380,000
Average Days on Market is 32
Condo:
Sold Homes is 12,811
Average Sold Price is $286,100
Median Sold Price is $239,000
Average Days on Market is 31
Market Facts:
October was a very interesting month in the Denver home
market as we saw an increased seasonal slowdown that was not only impacted by
the time of year; but, also by the current election cycle. Thankfully the election is over and now we
all can focus on our priorities. Active
listings at month end have decreased as well as closings. The Denver home market will continue to see a
seasonal adjustment. As always, Buyer or
Seller be prepared.
Advice to Sellers:
Buyers today continue to be more educated on the Denver home
market. We are in a slower time of year
as traditionally the 4th Quarter relates to less home closing
transactions per month than in the previous months of the year. With fewer homes available for sale a Buyer
could be around the corner at any time.
As a Seller in the current home market, you need to be aware
of: (1) Increased appraisal times, (2) Buyers focused on smart homes, (3) Renovated
and energy efficient homes becoming a priority (4) Healthy homes are now
becoming a new priority as well (5) Interest rate increases will impact the
home market while home price appreciation will remain low for the foreseeable
future.
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 a local expert and can assist in the Professional plan to sell one’s home.
Advice to Buyers:
November is considered to be yet another great month for
Buyers. This is because the prime home
buying season has passed, the number of Buyers in the Denver home market will
be fewer than the previous month, home prices are not increasing as fast as
they have in previous months, and there are fewer homes available than in prior
months. Be prepared to act quickly, create
your home buying plan, and stick to it.
Home pricing will remain constant with little or no price
appreciation, mortgage interest rates remain low today, even though there is
every indication that mortgage interest rates will increase in the near future,
and Sellers will be open to multiple offers.
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
“Dream” home.
Wednesday, November 2, 2016
Monday, October 31, 2016
RE/MAX National Housing Report October 2016
RE/MAX National Housing Report October 2016
Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: http://www.team-koz.com/
Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: http://www.team-koz.com/
Wednesday, October 26, 2016
Tuesday, October 25, 2016
Wednesday, October 19, 2016
Denver Real Estate Market Update October 2016
Denver
Real Estate Market Update October 2016
By the numbers:
-
The inventory of available homes for sale is 7,043
homes at September month end
-
5,739 homes came onto the market
-
4,692 homes went under contract
-
4,471 homes closed
-
Median sold price $347,000
-
Average sold price $397,011
-
Closed dollar volume of $1.775 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 5,515
Sold Homes is 3,153
Average Price is $442,750
Median Price is $380,000
Average Days on Market is 31
Condo:
Active Inventory is 1,528
Sold Homes is 1,318
Average Price is $287,590
Median Price is $245,000
Average Days on Market is 32
Year To Date Market
Recap:
Single Family:
Sold Homes is 28,384
Average Sold Price is $441,974
Median Sold Price is $380,000
Average Days on Market is 32
Condo:
Sold Homes is 11,335
Average Sold Price is $286,320
Median Sold Price is $238,000
Average Days on Market is 31
Market Facts:
Fall is here and we are seeing the traditional seasonal
slowdown in the Denver Metro home market even though it continues to be a
destination market and is currently ranked the third hottest home market in the
country. Appraisals are increasing in
price, now taking longer time frames, and thus impacting closing dates. Mortgage interest rates continue to remain
low, but may rise soon. New homes
continue to take a long time. As always,
be prepared.
Advice to Sellers:
There is every indication that the Denver home market will
see the hottest fall in a decade. Again
it is time as a Seller to continue to focus on the following six (6)
items: (1) stage the yard, (2) clean,
clean, clean, (3) remodel or upgrade, (4) de-clutter and stage your home, (5)
use professional photographs and videos, and (6) price effectively. Always remember that as a Seller you need to
leave a great lasting impression on all Buyers when they are shown your home.
As a Seller in the current home market, you need to be aware
of: (1) appraisals are now taking more time to complete, (2) Buyers are
becoming more focused on smart homes, and (3) healthy homes are now a new
priority. Interest rate increases will
impact the home market.
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 a local expert, knowledgeable, and can assist in the Professional plan to
sell one’s home. Now is the time to
reach out to a Professional.
Advice to Buyers:
There is every indication that Buyers will see the hottest
fall in a decade. 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; but, overall the home market
will continue to be a destination and a top hot market. Be prepared to act quickly, create your home
buying plan, and stick to it.
Home pricing will remain constant with little or no price
appreciation. Even though mortgage
interest rates remain low today, there is every indication that mortgage
interest rates will 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
“Dream” home.
Wednesday, October 12, 2016
Monday, September 26, 2016
RE/MAX National Housing Report September 2016
RE/MAX National Housing Report September 2016
Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: http://www.team-koz.com/
Michael Kozlowski #1 Agent at RE/MAX Professionals 3 Years in a Row!
Check us out: http://www.team-koz.com/
Subscribe to:
Posts (Atom)