Wow! This national economic news is sure scary. Like us, you've probably watched the value of your stock portfolio nose dive in the past few weeks.
But the local real estate news is anything but scary! In fact, it's so good it's almost unbelievable.
For the Denver metro area as a whole, the active listings are down 21%. The under contract listings are up 21% and the sold properties are up 14% over a year ago. This is an incredible increase and indicates that buyers are out there.
Our personal experience indicates that anything priced under $200,000 sells in a matter of days with multiple offers.
For the south Metro area in particular, active listings remained stable in September while the average list price was up about $20,000. The number of homes under contract was down slightly but the number of sold homes remained steady.
Average sold price was up from August to September about $10,000 on average while the days on the market dropped.
Interest rates continue to be at historic lows and there are still ways to qualify for a home mortgage, despite what the national media would have you believe.
We believe our market is going to continue to improve in contrast to other places in the country. Don't believe all the national news you hear. Real estate has always been local and our market proves it.
ZIP Codes: 80110, 80111, 80112, 80113 Location Characteristics: A suburb of Denver, Englewood contains homes in all price ranges.
