Will Davis Real Estate
  • About
  • Reviews

Your Denver Real estate resource

September 2017 Market Report

9/11/2017

5 Comments

 

Are We In A Bubble?
One of the most common questions I get asked is, "are we in bubble" or "what will the market do in the next several years?" Its a great question and here in Denver, its all about supply and demand. The chart below (borrowed from Lonnie Glessner with Nova Home Loans) illustrates the difference between our market now and 10 years ago during the last bubble. 
Picture
Today, our inventory is a fraction of what is was 10 years ago and we've added a high number of jobs and new residents while new home development lags behind. Expect more of the same next year as inventory continues to shrink and more companies, Vertafone, Xero, DaVita, RLH Corporation, and Whole Foods, to name a few, look relocate their headquarters to Denver. 

Perks Of Being A Home Owner In Denver:
Just how much of a factor is Denver's real estate market? Consider this: I helped one of my clients buy a condo last winter for $230,000. Today, that same unit in the complex is selling for $270,000. In 8 months, that condo has appreciated 17% which equates to $40,000 in equity. Few markets allow such rapid appreciation is such a short amount of time. The bottom line: if you'd like to own a home and you can afford to buy, don't wait.  With each passing year, as home prices and interest rates increase, it will become harder and harder to buy a home. 

Home Buyer Seminar
Early next month, ill be hosting a free home buyer seminar for anyone who's interested in learning more about how to buy a home in Denver. Topics we'll discuss include:
  • Saving For A Down Payment
  • Home Buying Process: Contract To Close 
  • Understanding Mortgage Loans
  • How to Buy In A Seller's Market 
  • Finding The Right Home
  • The Benefits of Home Ownership  
If you are interested in attending, or know someone who might be interested in attending, send me an email.

​
Picture
5 Comments
leadership development melbourne link
8/26/2018 12:33:03 pm

Great Post

Reply
what is it like to live in Seattle, Washington link
7/29/2019 11:33:23 pm

Are we in a bubble?

Reply
prudentialmagnoliarealty link
8/29/2019 09:35:49 pm

The home buyer seminar will teach you everything you need to know about buying a home.

Reply
celebrity deaths link
6/29/2022 12:50:08 am

I definitely enjoying every little bit of it I have you bookmarked to check out new stuff you post.

Reply
free foreclosure listings indianapolis link
8/19/2022 03:25:22 am

Wonderful article you always shared admin, I love to know about design and learning experiences that's way i visit your website once again.

Reply



Leave a Reply.

    Archives

    October 2017
    September 2017
    August 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017

    Categories

    All

    RSS Feed

Proudly powered by Weebly
  • About
  • Reviews