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Real Estate News and Views

Hi ,

The past year in Denver metro real estate has seen market factors driven by low inventory, high demand, appraisal gaps (will explain), limited showing opportunities, offer deadlines, and historic price gains!

Home buyers had to adapt to the new ‘normal’ to successfully close on a home. Savvy buyers are getting creative by waiving contingencies, offering over the list price, guaranteeing to pay the difference if the appraisal is low (appraisal gap), and closing quickly.

Sellers have been and are expected to be in the driver’s seat for the coming months. Inventory remains very low and home builders are working hard to keep up with demand. Home values are at record highs and sellers are evaluating what could be done with the increased in home equity.

If you or someone you know are planning a move (or just unsure about what your home equity could buy in today’s market), contact me and let’s talk. I’m always available for you and your referrals!

Todd Holmes, Realtor®️ RE/MAX AllianceMobile: (303) 570-3419Email: [email protected]: https://www.toddholmesrealestate.com

Recent Awards

I was recently recognized as a top agent in the Denver metro area based on surveys from past clients. Thank you for your continued support with repeat and referral business!

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Recent Sales

Market Facts

The following reports are from Single Family Home listings in the seven county Denver metro area through March, 2021. If you are interested in specific data about your community, click here and I will quickly provide you with the latest information.

Home Values Are Up 14.7%

This report shows the median monthly sales price for single family homes in the Denver metro area.

Since March of last year, home values are up 14.7%! As of last month, listings are selling in less than two weeks (most in just a few days)!

Number of Active Listings Hits Record Low Territory

Residential inventory remains historically low, driving up home values and causing most listings to see multiple offers.

Buyers must be well-qualified, not contingent, and decisive to make their offer stand out in a crowd.

Expert Predictions

In an April 16th report on Housing Starts, National Association of Realtors®️ Economist Lawrence Yun stated "The March figure of housing starts is the highest figure in 14 years. Today’s news on the new home construction surge is therefore highly welcome, especially in light of major challenges on material costs and soaring lumber prices. As trade up buyers purchase newly constructed homes, their prior homes will show up in the MLS and hence, more choice for consumers.” Click here for the complete statement.

Earth Day 2021 is This Week

Act on Plastic Pollution

Plastic pollution can create big problems for human and ecosystem health. Everyday actions, however, can lessen the problem.

Find ways to Reduce, Reuse, and Recycle.

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