Home Sales are Stronger Than Ever
We were not surprised to see the latest market trends report discussed in the CBS article “Big Milestone for Denver Real Estate Recovery” where Denver home prices broke a record in May for the first time since before the market experienced it’s downturn.
The study was done by the Standard and Poor’s Case-Shiller Home Price Index, where only two cities were found to be experiencing above pre-recession price market growth. The other city, just in case you are curious, is Dallas.
The article mentioned that nowhere in Denver is this trend more apparent than in our own Highland Neighborhood. We could not agree more. Our main office is in the Highland / LoHi area and we have been amazed at the amazing growth of this neighborhood. It’s not just the real estate that continues to develop as new modern townhomes and mod homes are added to the mix of historic Denver Square homes and cool bungalows…. The dining, shopping, and entertaining scene here has been exploding with some of Denver’s most popular restaurants.
The Reality of a Strong Denver Market
The team at New Era Realty loves to see the positive growth of Denver and we have been working nonstop to ensure our service to clients is the best in Denver. A strong market means one thing for us, we have to be ahead of the game in everything we do.
Homes are going quickly with this surge in demand. It is important to know about listings the instant they are available to see (or for pre-development way in advance of actual sales) and to understand property values and other competitive sales in the area.
The past year has followed a trend towards multiple bids on new listings and fairly short days on market. Buyers need to find that happy balance where their offer is strong enough and still within what is fair in this market.
We work with buyers to help structure winning offers that factor not just price, but often other conditions that might make an offer more attractive and save our buyers on their financial investment overall.
It’s a market where expertise, experience, and specific market history is critical. It is also where New Era Realty shines.
Denver’s market is growing and home ownership more valuable. Contact anyone on the New Era Team today and learn how we can help you in your dream home search or the value of your home to list for sale.