by Carla L. Davis
Many Colorado markets have seen an increase in inventory as of late. This means that homes are sitting on the market longer than in the past -- up to 4 or 5 months in some areas.
Colorado has seen some dips in price appreciation over the last year, with the rate of appreciation dropping by as much as 6 percent in just weeks this summer. This means hard times for those that were hoping to sell quickly -- and for larger profits. Realty Times warns all homeowners and investors that the real estate market is never predictable. The last few years have the been the most remarkable on record, but those times are probably changing. Proper financial planning and finding the right mortgage for you is key.
Real estate professionals are attempting to hold back a financial epidemic in the state of Colorado. At this time, there has been a 196 percent increase in the number of foreclosures in the state.
An average priced city, Evergreen, Colorado, sees the average home listed at $540,014. Nearly 150 homes are on the market at this time -- up from the month of December. One expert reports that the average days on market is 118.
Evergreen is a city nestled in the mountains just outside of Denver. The center of Evergreen is just 45 minutes from downtown Denver and boasts an elevation of 7,200 feet -- making for cool summers and mild winters.
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