Michael Kozlowski ranked as high as the #1 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 $600,000,000 over the past 22 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!
Wednesday, January 10, 2018
Monday, January 1, 2018
REMAX National Housing Report December 2017
REMAX National Housing Report December 2017
Michael Kozlowski #1 Individual RE/MAX Agent State of Colorado 2016!
Check us out: www.team-koz.com
Friday, December 15, 2017
Denver Real Estate Market Update December 2017
7 COUNTY METROPOLITAN DENVER MARKET UPDATE
DECEMBER, 2017
By the numbers:
-
The inventory of available homes for sale is 4,584
homes at November month end
-
3,443 homes came onto the market
-
3,642 homes went under contract
-
4,242 homes closed
-
Median sold price $371,259
-
Average sold price $429,038
-
Closed dollar volume $1.82 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 3,322
Sold Homes is 2,978
Average Price is $474,535
Median Price is $401,000
Average Days on Market is 37
Condo:
Active Inventory is 1,262
Sold Homes is 1,264
Average Price is $321,845
Median Price is $269,950
Average Days on Market is 45
Year To Date Market
Recap:
Single Family:
Sold Homes is 35,653
Average Sold Price is $475,163
Median Sold Price is $407,529
Average Days on Market is 32
Condo:
Sold Homes is 14,703
Sold Homes is 14,703
Average Sold Price is $314,375
Median Sold Price is $265,000
Average Days on Market is 40
Market Facts:
While 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, and lifestyle choices are the number one priority of home buyers. The Denver economy is continuing to move
forward into 2018. 2017 is another
record setting year and we will see changes in 2018.
Advice to Sellers:
2018 will be here in a few weeks and as a Seller, what can
you expect? First of all, December is a
good month for Buyers. With the number
of active listings really low, Buyers will not see frenzied bidding wars. What this means to you as a Seller is that
you will be given the opportunity to sell your home before year end; but
possibly at a reduced price. Overall the
Denver home market will continue to move forward; but at a slower pace than 2017. Buyer demand will continue to be strong. Price appreciation will not be as great as in
2017. New household formations will continue
to increase and multi generations will look to buy. The proposed change in the tax reform may
have an impact on home ownership even though Consumers will continue to focus
on home ownership.
Buyers today are savvier and more educated when it comes to
home markets. Sellers need to know where
they want to live. Inspection items are
now impacting closings.
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 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:
2018 will be here in a few weeks and as a Buyer, what can
you expect? During this offseason, it
may be less expensive to buy a home.
Sellers are serious to sell their home before year end. 2018 will bring increased home mortgage
interest rates, continuous changes to the closing process, lower overall price
appreciation, strong Buyer demand, and an increase in household formations. The current proposed change in the tax reform
may have an impact on home ownership.
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
Wednesday, December 13, 2017
Friday, December 8, 2017
Thursday, December 7, 2017
Friday, December 1, 2017
RE/MAX National Housing Report November 2017
RE/MAX National Housing Report November 2017
Michael Kozlowski #1 Individual RE/MAX Agent State of Colorado 2016!
Check us out: www.team-koz.com
Michael Kozlowski #1 Individual RE/MAX Agent State of Colorado 2016!
Check us out: www.team-koz.com
Tuesday, November 21, 2017
Denver Real Estate Marrket Update November 2017
7 COUNTY METROPOLITAN DENVER MARKET UPDATE
NOVEMBER, 2017
By the numbers:
-
The inventory of available homes for sale is 5,598
homes at October month end
-
4,410 homes came onto the market
-
4,547 homes went under contract
-
4,462 homes closed
-
Median sold price of $377,250
-
Average sold price of $435,128
-
Closed dollar volume of $1.942 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 4,107
Sold Homes is 3,133
Average Price is $481,397
Median Price is $410,000
Average Days on Market is 35
Condo:
Active Inventory is 1,491
Sold Homes is 1,329
Average Price is $326,053
Median Price is $274,500
Average Days on Market is 46
Year To Date Market
Recap:
Single Family:
Sold Homes is 32,593
Average Sold Price is $475,347
Median Sold Price is $408,908
Average Days on Market is 31
Condo:
Sold Homes is 13,397
Average Sold Price is $313,652
Median Sold Price is $265,000
Average Days on Market is 39
Market Facts:
Advice to Sellers:
Sellers, Buyers today continue to be 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, Sellers need to know if they want to sell their home prior to year-end or wait until next year’s prime season.
As a Seller, you need to be aware of: (1) inspection resolutions that are now taking more time to complete, (2) Buyers that are becoming more focused on smart homes, (3) renovated and energy efficient homes that are becoming a priority, and (4) healthy homes that are now a Buyer focus. Interest rate increases will impact the home market even though home price appreciation remains low.
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.
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; but, affordability cracks are emerging. Sellers are realizing the market is adjusting and as such, they need to determine if they are willing to sell by year end at a potential price decrease or sell next year in the prime season.
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, October 31, 2017
RE/MAX National Housing Report October 2017
RE/MAX National Housing Report September 2017
Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado 2016!
Check us out: http://www.team-koz.com/
Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado 2016!
Check us out: http://www.team-koz.com/
Tuesday, October 24, 2017
Monday, October 23, 2017
Denver Real Estate Market Update October 2017
7 COUNTY METROPOLITAN DENVER MARKET UPDATE
OCTOBER, 2017
By the numbers:
-
The inventory of available homes for sale is 6,733
homes at September month end
-
5,425 homes came onto the market
-
4,386 homes went under contract
-
4,520 homes closed
-
Median sold price $375,000
-
Average sold price of $422,009
-
Closed dollar volume of $1.91 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 4,964
Sold Homes is 3,184
Average Price is $469,049
Median Price is $405,000
Average Days on Market is 29
Condo:
Active Inventory is 1,769
Sold Homes is 1,336
Average Price is $309,901
Median Price is $265,000
Average Days on Market is 41
Year To Date Market
Recap:
Single Family:
Sold Homes is 29,331
Average Sold Price is $474,776
Median Sold Price is $407,900
Average Days on Market is 31
Condo:
Sold Homes is 12,023
Average Sold Price is $312,370
Median Sold Price is $265,000
Average Days on Market is 39
Market Facts:
Fall is here and we are seeing an increasingly seasonal slowdown in the Denver Metro home market. Showings are slowing down, mortgage rates have risen, Sellers are reducing prices, Buyers are escalating demands during the inspection process, and many Buyers now want turn key properties so they can move in and live to their expectations. Overall, the home market is good year over year. As a Seller or Buyer, be prepared.
Advice to Sellers:
With an increased seasonal slowdown in the Denver home market, Sellers need to be aware what should be done so that Buyers will keep the Seller’s home within their desire to buy. Keep in mind that curb appeal entices the Buyers to see more and is known as the first impression. Next, remember to declutter and stage rooms for a purpose. Pay attention to details and light up the home by cleaning and adding LED lightbulbs. Always remember that as a Seller you need to leave a great lasting impression on all Buyers when they are shown your home.
Buyer’s priority upgrades include: kitchen, bathroom, flooring, master suite, HVAC, closet renovation, and insulation.
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 market knowledgeable, and can assist in the Professional plan to sell one’s home. Now is the time to reach out to a Professional more than ever in recent history.
Advice to Buyers:
There is every indication that Buyers will see a different
fall home market than in the prior years.
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. Be prepared to act quickly, create your home buying
plan, and stick to it.
Home pricing will remain constant with little price
appreciation. Even though mortgage
interest rates remain low today, there is every indication that mortgage
interest rates will continue to 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.
Thursday, October 19, 2017
Saturday, September 30, 2017
RE/MAX National Housing Report September 2017
RE/MAX National Housing Report September 2017
Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado 2016!
Check us out: http://www.team-koz.com/
Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado 2016!
Check us out: http://www.team-koz.com/
Wednesday, September 27, 2017
Friday, September 15, 2017
Denver Real Estate Market Update September 2017
7 COUNTY METROPOLITAN DENVER MARKET UPDATE
SEPTEMBER, 2017
By the numbers:
-
The inventory of available homes for sale is 6,506
homes at August month end
-
5,938 homes came onto the market
-
4,873 homes went under contract
-
5,152 homes closed
-
Median sold price $375,000
-
Average sold price $427,188
-
Closed dollar volume $2.2 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 4,902
Sold Homes is 3,590
Average Price is $476,180
Median Price is $409,000
Average Days on Market is 28
Condo:
Active Inventory is 1,604
Sold Homes is 1,562
Average Price is $314,587
Median Price is $270,750
Average Days on Market is 38
Year To Date Market
Recap:
Single Family:
Sold Homes is 26,056
Average Sold Price is $475,502
Median Sold Price is $408,000
Average Days on Market is 31
Condo:
Sold Homes is 10,647
Average Sold Price is $312,756
Median Sold Price is $265,000
Average Days on Market is 39
Market Facts:
Summer nears the end.
For the second consecutive month, the home market continues a slowdown
and seasonal cooling. The home market continues to be a Seller’s market; but,
Buyers are not as aggressive as they have been in the past. Low inventory of active listings continues to
impact the home market. Price
appreciation is also slowing down. New
home builders continue changing their products.
As always, be prepared.
Advice to Sellers:
The Denver Seller’s market slowdown continues. With sales slowing and the inventory of
active listings reaching its seasonal peak, the Denver home market is cooling. It is time as a Seller to focus on the
following six (6) items to attract more Buyer’s: (1) enhancing the kitchen, (2) updating or
refinishing flooring, (3) updating the bathrooms, (4) bringing in new cabinetry,
(5) updating electrical wiring and wire for internet, and (6) adding lots of
storage. Always remember that as a
Seller you need to leave a great lasting impression on all Buyers when they are
shown your home. Home builders continue
changing their product line; so, this may be new competition.
The Denver home market is seeing a decrease in showings,
fewer multiple offers, and buyers who are cognizant of the market change. Yes, buyers want to own a home; but with more
homes available on the market, they are looking at all active listings within
their home choices.
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:
The Denver home market continued to show signs of leveling
off and preparing for the upcoming fall season.
We will see a slowdown of activity; but, overall the home market will
continue to be the Buyer’s destination.
Be prepared to act quickly, create your home buying plan, and stick to
it.
There are discussions going on regarding a “housing
bubble”. In reality, this is only a
discussion because this home market is seeing more incoming Buyers into the market
and certain generational individuals becoming Buyers.
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, September 13, 2017
Wednesday, September 6, 2017
Wednesday, August 23, 2017
1800 Lawrence St 501 Denver CO 80202 - Michael Kozlowski - REMAX Profess...
Great Location! This Home will Sell Quickly!
Michael Kozlowski #1 Ranked Individual RE/MAX Agent in the State of Colorado 2016!
Check us out: http://www.team-koz.com/
Michael Kozlowski #1 Ranked Individual RE/MAX Agent in the State of Colorado 2016!
Check us out: http://www.team-koz.com/
8864 Clover Meadow Ln Parker CO 80134 - Michael Kozlowski - REMAX Profes...
Great Location! This Home will Sell Quickly!
Michael Kozlowski #1 Ranked Individual RE/MAX Agent in the State of Colorado 2016!
Check us out: http://www.team-koz.com/
Michael Kozlowski #1 Ranked Individual RE/MAX Agent in the State of Colorado 2016!
Check us out: http://www.team-koz.com/
Tuesday, August 22, 2017
Sunday, August 20, 2017
Denver Real Estate Market Update August 2017
Denver Real Estate Market Update August 2017
Check out our last 9 Homes that just Sold, All Above Asking Price!
- $950,000 - $5,000 Over Asking Price
- $510,000 - $10,000 Over Asking Price
- $321,000 - $6,000 Over Asking Price
- $405,000 - $30,000 Over Asking Price
- $567,000 - $17,000 Over Asking Price
- $662,000 - $20,000 Over Asking Price
- $389,000 - $4,000 Over Asking Price
- $762,800 - $12,800 Over Asking Price
- $550,000 - $22,100 Over Asking Price
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
AUGUST, 2017
By the numbers:
- The inventory of available homes for sale is 6,506 homes at July month end
- 6,036 homes came onto the market
- 4,903 homes went under contract
- 4,922 homes closed
- Median sold price $380,000
- Average sold price $438,61
- Closed dollar volume $2.16 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 4,947
Sold Homes is 3,542
Average Price is $485,850
Median Price is $415,000
Average Days on Market is 26
Condo:
Active Inventory is 1,559
Sold Homes is 1,380
Average Price is $317,362
Median Price is $269,000
Average Days on Market is 39
Year To Date Market Recap:
Single Family:
Sold Homes is 22,332
Average Sold Price is $475,185
Median Sold Price is $408,000
Average Days on Market is 32
Condo:
Sold Homes is 9,030
Average Sold Price is $312,598
Median Sold Price is $262,750
Average Days on Market is 39
Market Facts:
The July home market continues the slowdown from June. July is the month most popular for vacations and active listings stay on the market longer due to less focus on the home hunt and more focus on family time and school preparation. Multiple offers have slowed down and the July showings have also decreased. Mortgage interest rates continue to remain steady. New home builders continue changing their products. As always, be prepared.
Advice to Sellers:
The Denver Seller’s market is showing a slowdown in July and Buyer’s were more focused on family activities and school preparation. With sales slowing and the inventory of active listings reaching its seasonal peak, the Denver home market is cooling. It is time as a Seller to focus on the following six (6) items: (1) staging the yard, (2) clean, clean, clean, (3) remodel or upgrade, (4) de-clutter 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. Home builders continue changing their product line; so, this may be new competition.
The Denver home market is seeing a decrease in showings, fewer multiple offers, and buyers who are cognizant of the market change. Yes, buyers want to own a home; but with more homes available on the market, they are looking at all active listings within their home choices.
Seller preparation includes a good pricing comparison analysis, a discussion 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:
The Denver home market currently feels slightly more balanced in certain areas. July was a month that saw fewer Buyers in the market due to vacations and other family activities. In most cases school districts have now started the new season. Be prepared to act quickly, create your home buying plan, and stick to it.
A review of recent articles and blogs indicate that the mortgage interest rates may not increase, so Buyers should still find out how much they can borrow with the current interest rates.
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.
Check out our last 9 Homes that just Sold, All Above Asking Price!
- $950,000 - $5,000 Over Asking Price
- $510,000 - $10,000 Over Asking Price
- $321,000 - $6,000 Over Asking Price
- $405,000 - $30,000 Over Asking Price
- $567,000 - $17,000 Over Asking Price
- $662,000 - $20,000 Over Asking Price
- $389,000 - $4,000 Over Asking Price
- $762,800 - $12,800 Over Asking Price
- $550,000 - $22,100 Over Asking Price
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
AUGUST, 2017
By the numbers:
- The inventory of available homes for sale is 6,506 homes at July month end
- 6,036 homes came onto the market
- 4,903 homes went under contract
- 4,922 homes closed
- Median sold price $380,000
- Average sold price $438,61
- Closed dollar volume $2.16 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 4,947
Sold Homes is 3,542
Average Price is $485,850
Median Price is $415,000
Average Days on Market is 26
Condo:
Active Inventory is 1,559
Sold Homes is 1,380
Average Price is $317,362
Median Price is $269,000
Average Days on Market is 39
Year To Date Market Recap:
Single Family:
Sold Homes is 22,332
Average Sold Price is $475,185
Median Sold Price is $408,000
Average Days on Market is 32
Condo:
Sold Homes is 9,030
Average Sold Price is $312,598
Median Sold Price is $262,750
Average Days on Market is 39
Market Facts:
The July home market continues the slowdown from June. July is the month most popular for vacations and active listings stay on the market longer due to less focus on the home hunt and more focus on family time and school preparation. Multiple offers have slowed down and the July showings have also decreased. Mortgage interest rates continue to remain steady. New home builders continue changing their products. As always, be prepared.
Advice to Sellers:
The Denver Seller’s market is showing a slowdown in July and Buyer’s were more focused on family activities and school preparation. With sales slowing and the inventory of active listings reaching its seasonal peak, the Denver home market is cooling. It is time as a Seller to focus on the following six (6) items: (1) staging the yard, (2) clean, clean, clean, (3) remodel or upgrade, (4) de-clutter 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. Home builders continue changing their product line; so, this may be new competition.
The Denver home market is seeing a decrease in showings, fewer multiple offers, and buyers who are cognizant of the market change. Yes, buyers want to own a home; but with more homes available on the market, they are looking at all active listings within their home choices.
Seller preparation includes a good pricing comparison analysis, a discussion 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:
The Denver home market currently feels slightly more balanced in certain areas. July was a month that saw fewer Buyers in the market due to vacations and other family activities. In most cases school districts have now started the new season. Be prepared to act quickly, create your home buying plan, and stick to it.
A review of recent articles and blogs indicate that the mortgage interest rates may not increase, so Buyers should still find out how much they can borrow with the current interest rates.
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, August 16, 2017
Saturday, July 29, 2017
RE/MAX National Housing Report July 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/
Wednesday, July 19, 2017
Denver Real Estate Market Update July 2017
Denver Real Estate Market Update July 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
JULY, 2017
By the numbers:
- The inventory of available homes for sale is 6,237 homes at June month end
- 7,053 homes came onto the market
- 5,288 homes went under contract
- 5,480 homes closed
- Median sold price $387,747
- Average sold price $449,433
- Closed dollar volume of $2.46 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 4,700
Sold Homes is 3,973
Average Price is $494,138
Median Price is $420,000
Average Days on Market is 23
Condo:
Active Inventory is 1,537
Sold Homes is 1,507
Average Price is $331,574
Median Price is $275,000
Average Days on Market is 39
Year To Date Market Recap:
Single Family:
Sold Homes is 18,602
Average Sold Price is $473,386
Median Sold Price is $405,350
Average Days on Market is 33
Condo:
Sold Homes is 7,584
Average Sold Price is $312,068
Median Sold Price is $261,000
Average Days on Market is 38
Market Facts:
Overall, June continues to be a record setting month, especially in the lower ranges. The Denver home market continues to be hot; but, now loosening up for Buyers as the rate of price growth is slowing and the number of homes available for sale are increasing. Mortgage interest rates continue to increase. Multiple offers, bidding wars, appraisal and inspection issues, and wire fraud continue to impact the home market. As always, be prepared.
Advice to Sellers:
The Denver Seller’s market continues in the lower ranges and Buyer’s are remaining in the market. As a Seller, you should pretty much know what Buyers are looking for and know that you have to create a lasting impression as you are offering your home for sale. Are you aware that Buyers are now looking for “Smart Homes”? Smart homes are energy efficient and convenient. Smart homes now have new thermostats, lighting control, appliance automation, and security. Is your home a Smart Home?
Are you aware that certain Buyers are now making offers on homes available for sale without even having a showing time set or actually seeing the home?
Be aware that Smart Homes, Healthy Homes, and Life Style choices are a Buyer priority.
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. Now is the time to reach out to a Professional.
Advice to Buyers:
The Denver home market continues to be a Seller’s market especially in the lower price ranges even though the number of active listings increased in June. Buyer’s creativity remains with multiple offers, bidding opportunities, and price appreciation. Similar to the above comments, be prepared to act quickly. Create your home buying plan and stick to it.
Metro Denver population is increasing. Metro Denver home Buyers now represent every age group. Buyers are looking for their American Home Dream.
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.
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
JULY, 2017
By the numbers:
- The inventory of available homes for sale is 6,237 homes at June month end
- 7,053 homes came onto the market
- 5,288 homes went under contract
- 5,480 homes closed
- Median sold price $387,747
- Average sold price $449,433
- Closed dollar volume of $2.46 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 4,700
Sold Homes is 3,973
Average Price is $494,138
Median Price is $420,000
Average Days on Market is 23
Condo:
Active Inventory is 1,537
Sold Homes is 1,507
Average Price is $331,574
Median Price is $275,000
Average Days on Market is 39
Year To Date Market Recap:
Single Family:
Sold Homes is 18,602
Average Sold Price is $473,386
Median Sold Price is $405,350
Average Days on Market is 33
Condo:
Sold Homes is 7,584
Average Sold Price is $312,068
Median Sold Price is $261,000
Average Days on Market is 38
Market Facts:
Overall, June continues to be a record setting month, especially in the lower ranges. The Denver home market continues to be hot; but, now loosening up for Buyers as the rate of price growth is slowing and the number of homes available for sale are increasing. Mortgage interest rates continue to increase. Multiple offers, bidding wars, appraisal and inspection issues, and wire fraud continue to impact the home market. As always, be prepared.
Advice to Sellers:
The Denver Seller’s market continues in the lower ranges and Buyer’s are remaining in the market. As a Seller, you should pretty much know what Buyers are looking for and know that you have to create a lasting impression as you are offering your home for sale. Are you aware that Buyers are now looking for “Smart Homes”? Smart homes are energy efficient and convenient. Smart homes now have new thermostats, lighting control, appliance automation, and security. Is your home a Smart Home?
Are you aware that certain Buyers are now making offers on homes available for sale without even having a showing time set or actually seeing the home?
Be aware that Smart Homes, Healthy Homes, and Life Style choices are a Buyer priority.
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. Now is the time to reach out to a Professional.
Advice to Buyers:
The Denver home market continues to be a Seller’s market especially in the lower price ranges even though the number of active listings increased in June. Buyer’s creativity remains with multiple offers, bidding opportunities, and price appreciation. Similar to the above comments, be prepared to act quickly. Create your home buying plan and stick to it.
Metro Denver population is increasing. Metro Denver home Buyers now represent every age group. Buyers are looking for their American Home Dream.
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, June 20, 2017
Monday, June 5, 2017
Friday, June 2, 2017
Denver Real Estate Market Report May 2017
Denver Real Estate Market Update May 2017
Michael Kozlowski #1 Ranked Individual RE/MAX Agent in the State of Colorado 2016!
Tuesday, May 23, 2017
Wednesday, May 17, 2017
Friday, May 12, 2017
Thursday, May 11, 2017
Tuesday, May 9, 2017
Saturday, April 29, 2017
Thursday, April 20, 2017
Denver Real Estate Market Report April 2017
Denver Real Estate Market Report April 2017
Michael Kozlowski #1 Ranked Individual RE/MAX Agent in the State of Colorado 2016!
Check us out: http://www.team-koz.com/
Michael Kozlowski #1 Ranked Individual RE/MAX Agent in the State of Colorado 2016!
Check us out: http://www.team-koz.com/
Wednesday, April 19, 2017
Denver Real Estate Market Update April 2017
7 COUNTY METROPOLITAN DENVER MARKET UPDATE
APRIL, 2017
By the numbers:
-
The inventory of available homes for sale is 4,428
homes at March month end
-
6,291 homes came onto the market
-
4,860 homes went under contract
-
4,480 homes closed
-
Median sold price $371,000
-
Average sold price $423,437
-
Closed dollar volume $1.9 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 3,341
Sold Homes is 3,187
Average Price is $467,874
Median Price is $405,000
Average Days on Market is 40
Condo:
Active Inventory is 1,087
Sold Homes is 1,293
Average Price is $313,944
Median Price is $259,500
Average Days on Market is 34
Year To Date Market
Recap:
Single Family:
Sold Homes is 7,478
Average Sold Price is $454,811
Median Sold Price is $393,500
Average Days on Market is 43
Condo:
Sold Homes is 3,147
Average Sold Price is $300,659
Median Sold Price is $250,000
Average Days on Market is 37
Market Facts:
Spring is here, more new listings are coming on to the
market, now is the prime home selling/buying season and the market is off and
running. Mortgage interest rates had
increased for a while but have come down recently. Buyer demand is huge and active
listings are increasing; but, homes are selling relatively quickly if price
right. Whether you a Seller or a Buyer,
you need to be aware of the home market and all the creative activities that
are now part of the home buying process, and be prepared.
Advice to Sellers:
The Denver home market is a Seller’s market. As a Seller, you must know your home’s value
and then have it listed at the right price.
Also, it is to your advantage to list your home during the peak season,
which is now. Last but not least, the
Denver home market is now very creative.
Be prepared for multiple offers, bidding opportunities, and requests for
incentives. Do not scare Buyer’s away,
take care of your home, your yard and make that good first and lasting
impression.
Looking for those good but yet inexpensive Spring home
improvements that cost around $1,000 or less?
Here are some suggestions: siding
repair, painting the front door, staining your deck, cleaning the air ducts,
and fertilizing your lawn.
Seller preparation includes a good pricing comparison
analysis, instructions on staging, and 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
that can assist in the Professional plan to sell one’s home. Now is the time to reach out to a
Professional.
Advice to Buyers:
The prime home selling and home buying season is here and
the Denver home market is a Seller’s market again this Spring. What does this mean to you as a Buyer? First, active listings of homes for sale
coming onto the market are increasing; but, homes are going “under contract”
quickly. As a Buyer, be prepared to move
quickly to set up a showing and if the home is the home of your dreams, make an
offer now. Second, the Denver home
market is becoming very creative again with multiple offers, bidding
opportunities, and price appreciation.
Similar to the above comments, be prepared to act quickly.
Be aware of moderate home price growth and potential
increases 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.
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