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- [Re-sent] Newsletter - Nov 2024
[Re-sent] Newsletter - Nov 2024
What is the Market Up To These Days š š¦
Real Estate News November 2024
Hi ,
As we approach the end of the year, I am thankful for the opportunity to help so many people in my career. This year brought changes to the industry, but the core of what I do is still the same.
My business is and will always be focused on the success of you - my client! To do this, I excel at listening to YOU and fully understanding your real estate plans, providing professional and competent advice, negotiating with YOUR interest always first, firmly dedicated to achieving YOUR goals. Thank you for your ongoing trust and support.
This newsletter contains some useful information. Here are the details:
My Listings
Recent Testimonials
Market Update
Search for Homes
Fall Home Maintenance
Thanksgiving Recipe
If you are moving next week or next year (or in the next decade), contact me and letās connect. Iām always available for you, your family, coworkers, and especially your referrals. Your relationship is important, and my real estate expertise is here for you. Click here to reach me now.
Todd Holmes, Broker Associate, RealtorĀ®
RE/MAX Alliance - serving the Denver Metro Area
Mobile: (303) 570-3419
Email: [email protected]
Five Star rated agent serving clients throughout the Denver metro area!
My Listings
1934 S. Ivory Court in Aurora
Ranch style home located on a quiet cul-de-sac! Features of this home include three bedrooms, one bathroom, 1030 square feet, and a two-car garage. Recent improvements include an updated furnace/AC, interior paint, and flooring through the entire home. MLS #9256021
Offered at $405,000.
Questions? Contact me or share with a friend.
Recent Testimonials
Market Reports
The latest market data is very compelling. These charts show the changes from October 2023 to October 2024. The following reports are from data through October of Single-Family home sales in the suburban Denver Metro area counties (excl. Denver and Boulder); Mortgage rates from Freddie Mac (FRED)*.
The first chart shows the Number of Active/UC/Sold listings all showing increases from last year. Inventory is significantly higher while sales only slightly higher.
Mortgage rates have declined through the year but have risen slightly in the past few weeks. At the beginning of 2024, many home buyers felt rates were too high to enter the housing market.
With higher inventory and lower mortgage rates, many home buyers are optimistic. Bidding wars are not as common, and the market is showing signs of benefiting both buyers and sellers.
The second chart shows the Number of Sold Listings compared to the Median Sold Price. The increase in sales is a result of the previously noted data of lower rates and higher inventory. Overall, with more inventory, home values have been relatively stable with only a moderate year-over-year increase.What does this mean? The next couple of months are a great time for home buyers to enter the market. Looking at 2025, rates are expected to decline which will likely increase buyer demand and an increase in home values.
Contact me if you have any questions or if you would like more details about these reports.
*Single Family Home Sales data through October 2024. Adams, Arapahoe, Douglas, Jefferson, and Broomfield Counties. Mortgage rate data from Freddie Mac (FRED).
Search for Homes
If you are looking for a home or just curious about a homeās value, click on the following button to connect with me and have all listing information at your fingertips. When you have a question, just send me a message directly from the APP.
Six Tasks Every Homeowner Should Do This Fall
Itās the spring cleaning of fall, so to speak.
With the holiday coming at you fast and furious, you want to be sure your home is cozy, but with that fresh-as-spring feel ā as opposed to that musty-damp-winter feel.
Here's how to make that happen (along with a few other timely tips):
Click Here - Fall Maintenance & Cleaning Tips
Recipe: Maple Garlic Roast Turkey
In this fall-inspired main dish, turkey is brushed and basted with a maple-garlic butter throughout the roasting process, creating both sweet and savory flavors that harmonize into the perfect bite.
Click Here - Maple Garlic Roast Turkey
Connect with me on Homes.com
Iāve set up a personal real estate page for you to connect with me, search all available (and off market) properties, and give you a simple way to ask questions! Connect with me at Homes.com!
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