Friday, 20 October 2017

Metro Denver Real Estate Market Update December 2016

Written by Posted On Saturday, 17 December 2016 00:51

Colorado Front Range Home Sales See Strongest November in 12 years

According to the latest data from REcolorado, monthly home sales reached near-record levels in November, while inventory levels remained low.

Last month, the Denver Front Range real estate market saw the second-most sales of any November in the 26-year history of the REcolorado market report. During the month, 4,400 homes sold, 10 percent more than November of last year.  As compared to last month, sales saw a seasonal decrease of six percent.

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Strong sales kept weeks of inventory steady at just seven weeks.

Due to a growing population, strong job market, and steady holding interest rates through November, there continues to be a high demand for single family homes in Metro Denver. This indicates that 2017 will continue to be very active.

Continued strong demand kept inventory levels low in November. The month ended with 6,767 active listings of homes for sale in the Denver area, down 15 percent as compared to last month and three percent lower than November of last year.  Additionally, sellers brought fewer new listings to the market in November, which is typical as the holiday season gets underway. Last month, 4,055 new listings came on the market, 23 percent fewer than last month, but 10 percent higher than this time last year.

Home values inched up a bit in November, once again surpassing the $400,000 mark. The average sale price for a single family home in the Denver Metro area last month was $400,349, a two percent month-over-month increase and ten percent higher than this time last year. At $437,231, the average sale price of a detached single family home was up ten percent as compared to last year.  The average sale price for a condo/townhome was $297,398 in November, a year-over-year increase of eight percent.

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If you have any questions, feel free to contact your local metro Denver real estate professionals, The Bandy Team! Our team will guide you through all phases of the home buying and home selling process in Denver. Let us show you homes in some of the fine communities of Parker, including real estate in The Pinery , homes in Canterberry, or property in Stonegate.

We are here to help you find your dream home and will guide you every step of the way!

Thinking of selling your Denver home? 
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Until next time,

Marianne Bandy, Team Leader

The Bandy Team

 Keller Williams Park Meadows

BandyTeam.com - Denver Real Estate & Homes 

720-466-3790

 

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Marianne Bandy

Marianne is a professional LDS Realtor in Denver with outstanding integrity, who takes the time to understand your specific housing and family needs. She is the team leader of one of the top selling Real Estate Teams in her broker's office. She understands that a big part of your family's happiness depends on the home and community where you live.  LDS Realtor in Denver Colorado

One of Marianne’s greatest passions is helping people with their Real Estate transactions, typically one of the largest financial transactions they will undertake. Marianne is the listing agent for the team but also loves working with Latter Day Saint home buyers as well.  Marianne uses her expertise and market knowledge so that her clients get the most accurate and up to date information possible. Marianne has a breadth of experience working with clients through all aspects of closing on a home. When listing homes for sale, this includes readying the home for sale, developing a marketing strategy, getting feedback on showings, negotiating inspection items,  and many other details that lead up to a successful closing. 

Marianne is excellent at contract negotiations and looking out for the best interests of her clients. She has obtained the Certified Negotiation Expert (CNE) certification. When helping Buyers, she loves the feeling of helping families connect with the right home in the right community. She also has knowledge of ward and stake boundaries, meeting house locations,  youth programs, drive time to the LDS Denver temple, and seminary locations for your high school children. 

If you’re looking for solid results and a WOW! experience, then call Marianne and put her to work for you. In the last two years, the Bandy Team sold 125 homes.  The Bandy Team has the experience and proven systems you need to make your transaction as smooth and worry-free as possible. 

The Bandy Team is committed to conducting business with the utmost integrity. The team was formed on the principles of honesty and loyalty with clients. Marianne believes in surrounding herself with good people that share her values.  This includes good business partners that can aid in all aspects of a real estate transaction, including home inspections, loans, transaction coordination, home repairs, etc. Marianne and her entire team are committed to the highest levels of customer service for their clients. 

Who you work with Matters!  

LDS Real Estate Agent in Denver Colorado

www.BandyHomes.com

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