Market Conditions for Castle Pines Village in Denver, Colorado
Reported by Team Cox, Broker, ABR, CRS, GRI, e-PRO, RECS, WCR
Updated October 15, 2011.
Current Market Rating: 2
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Buyer's
Seller's
Current Price Trend: 4
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Falling
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Fall is in the air! We are all starting to wonder what is in store for the Castle Pines real estate market this fall and winter. Here are some of our advice and predictions:
Jobs: Housing demand could rise if the labor market picks up faster than expected. In this scenario, prices would firm up earlier in the year.
What to Look For: Three straight months of rising sales, along with a decreasing inventory of homes on the market (a six-month supply is considered healthy). It is currently at 11 months.
What to Do: It really is impossible to totally time the market. Even if prices fall a bit more, mortgage rates could rise later in the year, offsetting the drop.
Already a Homeowner? Refinance--even if you just refinanced a few years ago, since refinancing again may save you thousands. If you can shave at least one point off your rate and you plan to stay in your home for at least four years, refinancing makes sense. On a two-year-old $300,000 loan at 6.5%, refinancing will save you $465 a month and $120,000 in interest. Or, go with a 15-year loan, which averages 3.7%. Your payment will jump $225, but you'll own your home 13 years earlier and save $253,000 in interest.
If you would like to find out your best options in the Denver metro area, please contact TeamCox Realtors at 303-400-6060. We can help guide you through the complexities of analyzing what is in the best interest for you and your family.
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.
