March 2021 Real Estate Snapshot

 

In February, the Greater Denver Metro housing market proved that the underlying theme of this market is speed: the speed at which buyers are purchasing relative to the number of sellers listing, and the speed at which active properties are going under contract while prices are accelerating.

While many metrics still show detached properties are in higher demand than attached, that gap decreased in February. There were 3,641 closed properties, up 3.70 percent from last year at this time, and in part because attached properties were on the rise. Attached properties saw a 16.29 percent increase in closings relative to last year at this time. The increased demand for attached properties propelled the market to an average close price of $401,552. This is the first time the attached market has had an average price above $400,000. Meanwhile, detached properties saw a 1.80 percent decrease in closed properties relative to last year.

The report additionally confirms that with median days in the MLS at five, close-price-to-list-price ratio 101.90 percent and months of inventory at 0.55, competition remains incredibly high. With properties frequently going over asking price, full appraisal gap waiver appreciation continues to rise. Savviness, creativity, knowledge and guts are all components that will help buyers move towards a path of homeownership in this market.

Denver Metro Association of REALTORS® (DMAR) - an organization comprised of over 7,000 real estate professionals and The Voice of Real Estate® in the Denver Metro area released its February Denver Metro Real Estate Market Trends Report today, March 3, 2021.

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Price Improved! live WELL at LAKEHOUSE!

Your next home or investment property is at LAKEHOUSE! This one bedroom, one bathroom condo is across from Sloan's Lake, offers elegant modern finishes, is located on the amenities level of the building, and overlooks the building's gorgeous community area. Enjoy the beautiful Colorado Summer's on the covered patio, take a swim in the 70' lap pool, and get fit in the wellness center with fitness lab. Relax those sore muscles in the dry sauna or clear your mind in the yoga & meditation studio. This unit comes with one parking space and one storage space. EV Charging stations available.

Lakehouse is one of the first residential projects in the world and the first in Colorado to be awarded WELL Precertification under the WELL Building Standard. The WELL Building Standard is the first to integrate human health and wellness into the design, construction, maintenance, and operations of the built environment in order to optimize residents' health.

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February 2021 Denver Real Estate Market Report


Click HERE For The Full Market Trends Report

Greater Denver Metro Real Estate Market Charges on with Historic Low 

Inventory Causing Appreciation to Soar

Inventory drops to historic lows as the average price of single-family detached 

and attached homes reaches record high.


In January, the Greater Denver Metro housing market again broke an all-time record, a new inventory low with only 2,316 total properties on the market, translating into an inventory shortage and opportunity for appreciation to accelerate. 

Single-family detached properties hit a record average price of $629,159, while attached properties hit a record of $397,792. Single-family home sellers saw a 101.03 percent close-to-list-price in January and a drop to five days in the MLS, down from six last month and 24 days last year. Overall, the drive in demand has been proportionally higher for single-family detached properties than attached properties, explaining why the market is currently sitting with historic low inventory for single-family detached properties. 

Denver Metro Association of REALTORS® (DMAR) - an organization comprised of over 7,000 real estate professionals and The Voice of Real Estate® in the Denver Metro area released its February Denver Metro Real Estate Market Trends Report today, February 3, 2021

Source: https://www.dmarealtors.com/sites/default/...

Just Listed in LAKEHOUSE

 

Your next home or investment property is at LAKEHOUSE! This one bedroom, one bathroom condo is across from Sloan's Lake, offers elegant modern finishes, is located on the amenities level of the building, and overlooks the building's gorgeous community area. Enjoy the beautiful Colorado Summer's on the covered patio, take a swim in the 70' lap pool and get fit in the wellness center with fitness lab. Relax those sore muscles in the dry sauna or clear your mind in the yoga & meditation studio. This unit comes with one parking space and one storage space. Lakehouse is one of the first residential projects in the world and the first in Colorado to be awarded WELL Precertification under the WELL Building Standard???. The WELL Building Standard is the first to integrate human health and wellness into the design, construction, maintenance, and operations of the built environment in order to optimize residents??? health. Make an appointment today to view this spectacular condo. Make this your next home or investment today! Currently leased until 6/30/21 AND SELLER CANNOT CLOSE UNTIL APRIL. Seller is a Colorado Licensed Real Estate Broker

Contact me today to set up your own private tour of this stunning condo!