| July 6, 2005 |
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Considered one of the most desirable of Denver areas, Englewood, Colorado, is poised for growth, despite its continuing buyer's market.
Herzog warns, "Don't let anyone out there fool you, it is a buyer's market. Heck, I heard a builder on the radio today offering $40,000 in incentives at zero down. What does that tell you? Yet, summer is here now, prices are holding steady, rates are at a 30-year low, and everything looks better in the summer. Now is a great time to buy a home. If you're thinking of upgrading, now's the time to have a garage sale, clear out the clutter, add some pizazz to your palace, and get it ready for sale. Plan your landscaping and home improvement projects now, you'll have plenty of daylight to complete them."
Agrees Realtor Mack Durbin, "A suburb of Denver, Englewood contains homes in all price ranges. May sold prices crashed back down to earth with 145 total sales averaging $289,971. It took an average of 59 days for those homes to sell. That is a decrease of 19 days on the market from April. The number of homes new on the market stayed steady at 284 with an average price of just over $454,000. Overall, the market is very steady with an increase in property values of 2 percent annually. In other parts of the metro area, prices are actually decreasing, while foreclosures are up." |
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