The Cascade Team Real Estate Blog

  • Year-over-year inventory, pending sales, and closed sales all fell by double digits. Only prices rose – up 17.4% overall!
  •          We will experience strong demand and very active home sales in 2022
  •          Available inventory “Drastically low.”
  •          Smart buyers are making their best offers using pre-inspections, family support, bridge loans, leveraging 401(k) accounts, and other resources

KIRKLAND, Washington (January 6, 2022) – Severe shortages of inventory, record-low temperatures and snow restrained December housing activity around Washington state beyond expected seasonal slowdowns, according to a new report from Northwest Multiple Listing Service.

Summary statistics from the MLS show the volume of new listings added

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Greater Denver Housing Market Data For December 2021

HOMES CLOSED

In the Denver Metro area this December, 4,616 homes sold, a 12% decrease compared to last December and down 12% from last month. The number of contracts written on homes also saw a decrease. Throughout December we saw 3,312 listings move to the Pending status, down 4% from last year, and a seasonal 26% decrease compared to last month.

PRICES

Home prices in the Denver Metro area are up year over year but stayed relatively steady compared to last month. In December the Average Closed Price for a home was $622,740, up 15% from December 2020, but down 1% month over month.

Single-Family Residences sold for an average of $700,461 in December, up 15% year over year.

The price of

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STORING WINE IN YOUR DENVER HOME

If you are a big wine connoisseur or just saving a few bottles to crack open on special occasions, it’s important to understand how best to store them safely until you’re ready to partake. Follow the guidelines below!

Ambient Temperature

To ensure each wine bottle maintains the proper flavor and aroma, storing it at the correct temperature is essential. Regardless if it is red, white, or sparkling, storing your bottles at 53°F to 57°F is most ideal. Keeping your bottles in a room where the temperature is much warmer than that may cause the flavor to become flat. Keep your wine in the dark and away from direct UV rays as much as you can to protect the wine’s flavor. If you have a basement with storage closet, that

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With very little inventory in the market right now, why bother thinking about what the seller would need to do to make sure they are attracting buyers. 

 

Wrong!!

 

With Spring just around the corner, more homes will be coming on the market, and you want your house to stand out. The very first thing a buyer sees is the overall CURB APPEAL. "These two words that matter more than any others when you're listing a home," says Apartment Therapy.

 

It's very important to make sure that a buyer walks up and into your house and instantly gets a great impression. A buyer's first impression sets a huge tone for the buyer's overall experience. 

 

In a blog that I wrote last June, I expressed the importance of Curb Appeal (How beneficial

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WHAT TO DO WITH AN UNFINISHED BASEMENT IN YOUR DENVER HOME

Although currently dimly lit and a little rough on the eyes, your unfinished basement still has a lot of potential to turn it into an eye popping space that you'll want to spend time in. With just a little love and the help of the following ideas, you can crank it up in no time and get some great use out of the space.

1. Add a pop of color to the walls. Give your basement a whole different look without a big renovation by adding some color to space. Consider painting and sealing the floors, opening up the room by painting the rafters white or a light color, or creating a bold accent wall.

2. Divide the space into distinct areas. Want to make your basement a multi-use room? Partition out

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When we think about buying a home, we often consider style, size and of course, location, etc. But what about the loan that you receive for your new home? How important is a mortgage rate? Money best explains just how important a mortgage rate is when buying a home. They explain that the rate on your mortgage can make a huge difference in how much home you can afford and what the size of your monthly payments will be during the life of the loan.

Money gives a great example to help consumers understand the price differences: 

If you bought a $250,000 home and made a 20% down payment — $50,000 — you would end up with a starting loan balance of $200,000. On a $200,000 home loan with a fixed rate for 30 years:

  • At 3% interest rate
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Posted by Rob Greer on Friday, January 7th, 2022 at 8:49am

Only Prices Rose: 2021 Ends with Depleted Inventory, Rising Prices

  •          Year-over-year inventory, pending sales, and closed sales all fell by double digits. Only prices rose – up 17.4% overall!
  •          We will experience strong demand and very active home sales in 2022
  •          Available inventory “Drastically low.”
  •          Smart buyers are making their best offers using pre-inspections, family support, bridge loans, leveraging 401(k) accounts, and other resources

KIRKLAND, Washington (January 6, 2022) – Severe shortages of inventory, record-low temperatures and snow restrained December housing activity around Washington state beyond expected seasonal

409 Views, 0 Comments
Read Full Post

Only Prices Rose: 2021 Ends with Depleted Inventory, Rising Prices

  •          Year-over-year inventory, pending sales, and closed sales all fell by double digits. Only prices rose – up 17.4% overall!
  •          We will experience strong demand and very active home sales in 2022
  •          Available inventory “Drastically low.”
  •          Smart buyers are making their best offers using pre-inspections, family support, bridge loans, leveraging 401(k) accounts, and other resources

KIRKLAND, Washington (January 6, 2022) – Severe shortages of inventory, record-low temperatures and snow restrained December housing activity around Washington state beyond expected seasonal slowdowns, according to a new report from Northwest Multiple

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  •          Year-over-year inventory, pending sales, and closed sales all fell by double digits. Only prices rose – up 17.4% overall!
  •          We will experience strong demand and very active home sales in 2022
  •          Available inventory “Drastically low.”
  •          Smart buyers are making their best offers using pre-inspections, family support, bridge loans, leveraging 401(k) accounts, and other resources

KIRKLAND, Washington (January 6, 2022) – Severe shortages of inventory, record-low temperatures and snow restrained December housing activity around Washington state beyond expected seasonal slowdowns, according to a new report from Northwest Multiple Listing Service.

Summary statistics from the MLS show the volume of new listings

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Many homeowners who plan to sell in 2022 may think the wise thing to do is to wait for the spring buying market since historically about 40 percent of home sales occur between April and July. However, this year’s expected to be much different than the norm. Here are five reasons to list your house now rather than waiting until the spring.

1. Buyers Are Looking Right Now, and They’re Ready To Purchase The ShowingTime Showing Index reports data from more than six million property showings scheduled across the country each month. In other words, it’s a gauge of how many buyers are out looking at homes at the current time. The latest index, which covers November showings, reveals that buyers are still very active in the market. Comparing this

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