Category Archives: Current Events

Real Estate Mortgages – Before and Future

A snapshot infographic of mortgages

 

We’ve been enjoying low finance rates for quite some time now.  Predictions for this time next year are for higher rates.  This means less affordability for buyers and possibly less appreciation for homeowners.  Are you on the fence about buying/selling?  Now may be the best time to make that move.

About Kristal Kraft, Denver Realtor

Hi, I'm Kristal Kraft, the resident blogger here, posting real estate and Metro Denver area information since 2003! You will find me writing about things I feel are important in the home buying process. When it comes to buying and selling homes, there's so much to know. I enjoy providing that information to my clients so they can make decisions based on knowledge and actual fact. You'll find I'm more of a teacher than a salesperson. My services include: residential property sales, purchases, 1031 Exchanges, new home purchases, REO, foreclosures, short sales. So if you are in the market to buy or sell Denver real estate, tap into my knowledge, just call me. I welcome your call!

SE Region Metro Denver Real Estate Market Report – October 2014

Southeast Region Metro Denver Real Estate Market Report ~ September 2014

The SE Metro Denver Region has the most inventory of all five regions and the highest average price.  The “average days on market” to sell is the longest but only by a difference of 10 days!  (Denver’s days on market is 30 while SE Metro is 40!)  Out of the 18 zip codes in this region only six are not in the “seller’s market/extreme seller’s market” category.  Four of those six areas are just slightly lagging behind in the “Moderate to High Appreciation” category. The two remaining areas are Castle Rock and Sedalia where the market is a little slower to sell (59 days) due to the large amount of inventory.  I suspect the number of new homes being built has an effect on this area.

 

Looking to buy or sell a  home call Kristal at 303-589-2022

SE Metro Denver Region Real Estate Report by Zip Code

Neighborhoods in the area include (but are not limited to):

Englewood   Littleton   Greenwood Village or Denver Tech Center (DTC)    Cherry Hills Village

Southeast Aurora    Parker   Highlands Ranch   Sedalia   Castle Rock

 

  SE Region Metro Denver Real Estate Market Report

Want to compare the statistics of all 5 Denver Metro Regions?

Southwest Metro Denver Region

Northeast Metro Denver Region         Northwest Metro Denver Region

City and County of Denver

 

Questions about your neighborhood? Need more specific data on your home for either purchase or to sell? Feel free to call for more in depth reporting. Kristal Kraft 303-589-2022 I welcome your call.

Request an Up-to-Date Market Report for your Metro Denver Neighborhood.

Based on information from Metrolist, Inc. NOTE: this representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist may not reflect all real estate activity in the market content.

About Kristal Kraft, Denver Realtor

Hi, I'm Kristal Kraft, the resident blogger here, posting real estate and Metro Denver area information since 2003! You will find me writing about things I feel are important in the home buying process. When it comes to buying and selling homes, there's so much to know. I enjoy providing that information to my clients so they can make decisions based on knowledge and actual fact. You'll find I'm more of a teacher than a salesperson. My services include: residential property sales, purchases, 1031 Exchanges, new home purchases, REO, foreclosures, short sales. So if you are in the market to buy or sell Denver real estate, tap into my knowledge, just call me. I welcome your call!

Foreclosures Aren’t Making Headlines

Denver foreclosure market It wasn’t long ago when foreclosures were driving the real estate market.  Those days are gone, at least for the present time that is!

I did a search for the number of foreclosures in our MLS.  Out of a total 13,457 homes for sale only 214 of those homes were what the consumer refers to as “foreclosures” or “bank owned” the correct term.  That’s 2% of the entire market!

If you are looking for a home, why would you want to exclude 98% of possible homes?

So what happened?  It’s easy, the real estate market turned around.  Home owners are no longer under water as real estate values have increased in the Denver Metro market over the past few years.  When values increase, home owners have the ability sell their homes if they need to move so they do.

What should home buyers do now?

Buyers now need to reframe their thinking and look for real estate deals in a different way.  Yes, there are deals available in the real estate  market.  In order to find them you need to align yourself with a professional who can help you find the right one for you.

About Kristal Kraft, Denver Realtor

Hi, I'm Kristal Kraft, the resident blogger here, posting real estate and Metro Denver area information since 2003! You will find me writing about things I feel are important in the home buying process. When it comes to buying and selling homes, there's so much to know. I enjoy providing that information to my clients so they can make decisions based on knowledge and actual fact. You'll find I'm more of a teacher than a salesperson. My services include: residential property sales, purchases, 1031 Exchanges, new home purchases, REO, foreclosures, short sales. So if you are in the market to buy or sell Denver real estate, tap into my knowledge, just call me. I welcome your call!

Foreclosure Status Distribution for Colorado

Buyers looking for a good deal always want to know about Foreclosures.  Whether they are a good deal or not depends on many things.  Typically the best deals are found when the market is flooded with houses, both from “normal” sellers and bank inventory.

Once our market was flooded with inventory, but that’s not true of late!

Colorado Foreclosure filings are down when compared to last year.  Each month the filings for foreclosures decreases from the month prior.  This is a trend, as our market improves the number of foreclosure filings will decrease.

WHY? Because when people want/need to sell their homes, they will have sufficient equity in them thanks to the raising values in the neighborhood.

The tide will rise the underwater homeowners benefitting them with equity. They won’t have to default to get out of their homes.

The Top 5 Cities with # of foreclosures to population (August 2014):

Byers 1 in every 236

Aurora ~ 1 in every 572

Littleton ~ 1 in every 791

Englewood ~ 1 in every 858

Denver ~ 1 in every 2493

About Kristal Kraft, Denver Realtor

Hi, I'm Kristal Kraft, the resident blogger here, posting real estate and Metro Denver area information since 2003! You will find me writing about things I feel are important in the home buying process. When it comes to buying and selling homes, there's so much to know. I enjoy providing that information to my clients so they can make decisions based on knowledge and actual fact. You'll find I'm more of a teacher than a salesperson. My services include: residential property sales, purchases, 1031 Exchanges, new home purchases, REO, foreclosures, short sales. So if you are in the market to buy or sell Denver real estate, tap into my knowledge, just call me. I welcome your call!

National vs Denver Homes for Sale

Denver real estate is getting rare, rarer by the minute!  Take a look at how we measure up to the rest of the U.S.

Denver Real Estate Inventory vs the U.S.

Months of Inventory

The rest of the country had about 6 months before they would run out of homes to sell, that is assuming no other homes came on the market.  Denver has about 6 weeks before it runs out of  homes to sell.  Thankfully we never run completely out, because home owners are constantly putting their homes on the market for sale.

If you are a buyer you are probably watching the market very closely for a  new listing to appear.  Sometimes that wait seems like an eternity!

Here’s what happened in Denver over the past 24 hours…

What is happening in Denver real estate today

24 Hours of Denver Real Estate Activity

Each day I take a glance at the statistics and they continue to indicate a very strong seller’s market.  If you are a seller, now is a good time to put your home on the market.

We Realtors have buyers waiting. It’s sorta like the old saying on TV, “operators are stranding by!”

About Kristal Kraft, Denver Realtor

Hi, I'm Kristal Kraft, the resident blogger here, posting real estate and Metro Denver area information since 2003! You will find me writing about things I feel are important in the home buying process. When it comes to buying and selling homes, there's so much to know. I enjoy providing that information to my clients so they can make decisions based on knowledge and actual fact. You'll find I'm more of a teacher than a salesperson. My services include: residential property sales, purchases, 1031 Exchanges, new home purchases, REO, foreclosures, short sales. So if you are in the market to buy or sell Denver real estate, tap into my knowledge, just call me. I welcome your call!