With the average cost of a single family home in Denver metro over 2/3 of a million dollars and condo/townhomes getting close to half a million, there are some worried about a potential housing collapse.
We’re keeping a close eye on micro and macro-economic variables, but we’re fairly confident housing will remain strong for the foreseeable future. Check out our quarterly newsletter to learn why.
GER WORKING w/ SELLERS
During Q3, properties in Denver metro sold for 102.6% of list price, on average, while our listed properties sold for 104.1% of list price, on average – outperforming the market by 1.5%! Further, our listings sold in 4 days, which is 7 days faster than our competition during the same period.
The table below shows how much more our listings sold for compared to the agents we compete against based on price point.
A FEW RECENT RECORD-SETTING SALES
9867 E Peakview Ave #E08 – sold in July for $261K, which is $316/sq ft - a record in the Appletree Condominium complex by more than $13/sq ft!
8651 E Dry Creek Rd #628– sold in September for $270K, which is $385/sq ft - a record in Saddle Ridge Condos by more than $26/sq ft!
GER WORKING w/ BUYERS
“Bidding wars”: a sentiment-loaded phrase fueling ️ some buyers to give up hope in this market... As buyer agents, we never flinch and our track record from Q3 speaks for itself. During Q3, we closed 6 buyers – 3 of which “won” their home on the first offer and the other 3 after just two offers. Congrats to Ryan, Becky, Drue, Sam, Steph, Tiffany, and Dan on your home purchases!
The Zerrs escaped to Frisco to beat the summer heat in August. They stayed at Mae Belle Townhomes (thanks Brad and Mary!) where they biked, enjoyed margaritas at Lake Dillon’s Tiki Bar, and visited family in Silverthorne. In September, Emilia got to ride her first train at Belleview Park in Englewood. Choo choo!
David and the family wrapped up summer and got back into “school mode.” The Jimenez girls started Kindergarten, 3rd, & 4th grades, and Briana had another round of 1st graders to launch their elementary school lives! The Jimenez family had a fun summer, but the kids were ready to see their classmates again… while David and Briana were equally ready for them to be back in school.
In August, Chris took his (FIRST) international trip to Cabo San Lucas with friends, where he spent time deep sea fishing, cruising on a catamaran , and lounging in the hotel’s top floor infinity pool! You’ll find Chris at Comedy Works, Red Rocks, and cheering on his Green Bay Packers this fall!
The high and low record sales for the past quarter include a 1 bed, 1 bath condo in Aurora for $115K and a 7 bed, 10 bath estate in The Preserve of Greenwood Village for $7.4MM. Click the icon below to check 'em out!
As we enter into fall, we are delighted to be your real estate resource and connector. We are Greenwood Estates Realty, "The best real estate experience you've ever had."
Enjoy the fall leaves, football season, and pumpkin spice lattes; we’ll catch you soon!
Bryan & David
P.S. - check out previous versions of our Quarterly Newsletter.