Market Conditions for Castle Pines North in Denver, Colorado
Reported by Team Cox, Broker, ABR, CRS, GRI, e-PRO, RECS, WCR
Updated December 4, 2009.
Current Market Rating: 2
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Current Price Trend: 4
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Falling
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Everyone is wondering how the Castle Pines North real estate market is faring this fall, and Metrolist's most recent statistics reveal that the Denver housing market has definitely stabilized over the past few months. While the year-over-year picture isn't pretty with single-family and condo sales dropping 15 percent from 2008, the price trend offers hope. The average sold price ($251,112) for a Denver home, including single-family and condominiums, increased 4.88 percent from last year. Month-to month prices were unchanged. This is quite a feat, considering that the country has been in the midst of a severe economic and real estate downturn during this time. One other piece of good news is that housing inventory is 17 percent lower than it was a year ago, and close to 2 percent lower than it was a month ago, which are good signs for a recovery.
We are still in the midst of a buyer's market, making this the best time in recent memory to purchase a home in the Denver real estate market. Interest rates are hovering at the lowest point in history at around 4.85%, and there is a great selection of homes on the market. If you are a Denver seller, while you will probably not get top dollar for your home this fall, you can potentially make up the difference when you purchase a new home. If you are a first-time homebuyer, time is ticking to take advantage of the First Time Homebuyer's Tax Credit, which expires on November 30th.
For more information on the state of the Denver real estate market, please contact TeamCox Realtors at 303-400-6060.
Bonnie and Jim Cox are a perfect blend of integrity, professionalism and skills found only in the best real estate professionals. The team uses its combination of sales, marketing and negotiating experience to help with all of your real estate needs.
Both Bonnie and Jim have extensive knowledge of south Denver real estate, and they bring their own unique talents to the buying and selling experience. Bonnie, a 28-year real estate veteran, is licensed in both Colorado and New Mexico and specializes in the areas of contract law, negotiation, appraisal and property speculation. Bonnie is also co-author of the book "How to Make Your Realtor Get You the Best Deal."
Jim, Bonnie's real estate teammate, who is licensed in both Colorado and Texas, has an extensive engineering background and an MBA. He gives buyers and sellers confidence in home-value analysis, property condition and financing options.
As your Realtors, our relationship is based on trust, value and service, which will be provided throughout the entire transaction so that your changing needs are always satisfied. It is not only our business philosophy, but also our commitment to provide you with exemplary personalized service that exceeds your expectations. Our practice is to truly listen to understand your needs; a quality of business conduct that is often forgotten in today's fast paced, high-tech society.
Our values and belief system are:
1. Win -Win- Or no deal
2. Integrity- Do the right thing
3. Commitment- In all things
4. Communication- Seek first to understand
5. Creativity- Ideals before results
6. Customers- Always come first
7. Teamwork- Together everyone achieves more
8. Trust- Begins with honesty
9. Success- Results through people
10. The Platinum Rule-Treat others as they want to be treated
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
