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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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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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Homes For Sale In Denver Hit New Record Highs

The stats for June 2021 Denver home sales are now in from REColorado MLS.  The numbers are showing new records for the real estate market across the entire greater Denver area.   Here is a recap of the stats:

  • 6420 Homes Closed in June 2021
  • Average Price: $642,167 - Up 21% since June 2020
  • 7691 new listings came on the market
  • Average days on market to contract: 10 - down 15 days from June 2020
  • Absorption rate: 2 weeks (with no new listings, all homes will be sold within two week at current rate)

Inventory is still very low, and home builders cannot keep up with demand.  Overall demand for housing is fairly average, however because inventory of both new construction and resales in the

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Selling A Home With Opendoor In Denver Is Not All It Is Cracked Up To Be

Opendoor in Denver is now offering to sell a home the “traditional” way for a 5% commission, which is what they are considering a “discounted fee”. Of course, they claim all other Realtors are charging 6%, which we all know is not true in most areas, as I only charge my clients 1.5% to list their home, plus 2.75% to the buyer's agent for a total of 4.25%.  However, Opendoor offering traditional real estate listing agreements is an interesting move on their part as they have typically tried to buy homes under market value and then charge the owner a bunch of fees just for the pleasure of choosing their closing date.  If you read my prior blog post, you'd see that most homes around

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65% Of Denver Homes Are Selling Over Asking Price

Home prices in the Denver area have been on the raise, but is now being exacerbated by a huge influx of buyers from other states, driving prices even higher as inventory wains.  We were one of the hotter housing markets before COVID hit, and now with more people working from home, home buyers are moving from inner city areas to more spacious homes in the suburbs, of which Denver is a huge draw.

Active Single Family Home Listings In Denver

Data provided by the Denver Metro Association of Realtors shows a severe drop in available inventory for home buyers to choose from.  Inventory in the Metro Denver area fell from 8677 active listings in March of 2020 to 1749 active listings in March of 2021.  New

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New Condo Listing In Denver's Cherry Creek Neighborhood

New listing by Jinjer Spears in the heart of Cherry Creek North. For more information, contact Jinjer at 720.219.0318 or visit http://3617986.thecascadeteam.com/​.  Be sure to check this one out as it won't last long.

2700 Cherry Creek South Drive, #120, Denver CO 80209

Renovated one bedroom condo in the heart of Cherry Creek North. This condo features brand new engineered hardwood flooring and new paint throughout. The main living area opens directly into a large living room with gas fireplace, eating space, and kitchen; great for entertaining. The oversized windows bring in lots of natural light, and there is plenty of storage with an oversized coat and linen closet. This unit also

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New Home For Sale Just Listed In Aurora CO

For more information, contact Doug Young at 720.600.2182 or visit http://1754392.thecascadeteam.com​ to see more info on this property, school info and the virtual tour.

2542 S Bahama Circle, Aurora CO 80013

Turn key property in the Rock Ridge condo community. Living room has vaulted ceilings and a floor to ceiling gas fireplace, along with upgraded wood flooring installed in 2019. The kitchen has newer stainless appliances and an eat in nook area. It has two nice sized bedrooms, each with it's own full bath. There is a single car garage with access door at the bottom of the stairs. Unit comes with central air and had a new hot water heater in 2017. This is ready for move in and won't last long, so be

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Contact Deb Gordon at 480.586.8880 for a private tour of this fabulous home, or visit http://thecanyons.thecascadeteam.com/ to get more info on this luxury property of of Shea in Scottsdale Mountain near Mayo Clinic.

12927 N 130TH Way, Scottsdale, AZ 85259

Listing Price Just Reduced to $3,100,000

This impressive & private executive home marries design & functionality with breathtaking unobstructed mountain & desert views of rolling elevation, vegetation, boulder outcroppings & big sky on 1.75 acres. This six bedroom home, with four and a half baths, is built on one of the most desirable luxury home lots in the entire valley. Nature's living canvas brings elements of the Sonoran Desert right up to your doorstep. Watch the 'magic' in this home as

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June 2020 Market Statistics

REcolorado June housing market report is showing that a robust housing market still exists in Colorado and Great Denver.  Across the state, there was nice improvement in buyer activity as COVID restrictions were reduced and buyers reentered the market.  Overall, pending home sales (homes under contract) saw significant gains as local brokers wrote an increasing number of new contracts.

Denver Metro Market Statistics

In June, the Denver Metro housing market numbers, from REcolorado, show signs of a seller's home market which is heating up, as several indicators showed year-over-increases. The total number of closed properties was 3% higher than last June and the number of Pending Listings was 28% than last year as

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