Your Source For Metro Denver Real Estate News & Market Trends

Denver Realty Pro, LLC Real Estate Blog and News Source.

We are passionate about all things real estate. Our real estate market is always changing. Our blog covers everything from local real estate news, market statistics, home values and things happening across the metro Denver real estate market. We care about the community and love helping people find their place in it.

We always want to provide helpful content for our readers. If you have an idea for our Blog, please let us know. We'd love to hear from you! 

May 17, 2022

Market Watch April 2022

Market Watch April 2022

Things are heating up

Another month in the books and we are starting to see some much needed inventory come to market.  April brought a 4% increase of new listings. Pending listings were up 3% while closed homes saw a decline by 6% compared to this time last year. 

Month end active listings also reached a level we haven't seen since November 2021 closing with over 2,900 properties for sale.

Inventory continues to be low, however the supply of homes actually increased by one week. There is now a three week supply of homes to choose from. Quality properties continue to see strong competition with most going under contract in less than 4 days with multiple offers and for over the asking price. 

As mortgage rates continue to rise, affordability continues to be a main concern for buyers looking to enter into the market. Some analysts are predicting that if rates continue to climb there will only be a moderate rise in home prices as Buyer demand may potentially ease. 

April 2022 Denver Real Estate Market Report

Denver Real Estate Market Watch Statistics April 2022

April 2022 Market Watch Report

Denver Metro Market Watch Report April 2022

Curious about what’s happening in your neighborhood? 
You can create a custom market report to see all active, under contract, and sold homes within your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Were here to serve all your real estate needs. Contact us today!

Posted in Market Watch
May 10, 2022

May 2022 Monthly Newsletter

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May 2022
Real Estate News
Brought to you by Scott Beard

How To Avoid Homebuyer's Remorse in a Hot Real Eastate Market 

Buying a home is almost always a great investment, and of course it's exciting to find and close on a home that you will get to call your own. That feeling of joy and confidence can fade quickly though if certain things are overlooked during the process. 43% of homeowners have at least one regret about buying their home, and that number jumps to 64% for millennials, according to a recent survey. 

Picture of a homeHere are a few tips for ensuring your home purchase is regret-free.

Get to know the neighborhood

Don't let your enthusiasm for a home run away with you. Before making an offer, plan on touring the neighborhood several times. If you see folks outside, stop and chat with them. We've found that neighbors love to talk about the neighborhood and will share both the good and the bad. Do some reasearch on local schools. Even if you don't have school-age children and plan to, buying in the best school district you can afford is a smart move. Homes there hold their value better and are easier to resell. Consider other factors like crime rate, commute times and distance to other things that are important to you like parks or restaurants. These things will have a big effect on how you feel about your new home once you're actually living in it. 

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Posted in Monthly Newsletter
April 29, 2022

Create An Evacuation Plan For Your Pets

Picture of a dog lying down

An evacuation plan is a necessity for every home, especially if you live in an area where fires, earthquakes, hurricanes, flooding, and other disasters are a possibility. Many homeowners create evacuation plans for their homes and practice them with their kids, but far fewer have considered one for their pets. Take these steps to add your pets to your evacuation plan.

 

Assign pet evacuation to an adult. Everyone should know how to act during an evacuation, and that includes assigning one parent or adult to the pets. This allows the other parent and the children to focus on their part of the evacuation plan, so there’s no confusion during a high-stress moment when time is of the essence.

 

Keep evacuation maps and pet carriers readily accessible. If you need to evacuate, you should know exactly where every important item is. If you pets require carriers, keep them in a place that you can access easily.

 

Practice your plan. Include your pets in your home evacuation drills. It’ll help you see how they will respond and make changes to your plan if necessary. Getting your dog out of a window may not be as simple as you think!

 

Be prepared in case you get separated from your pets. No matter how much you drill your evacuation plan, it’s possible that a dog or cat will run off while you’re focusing on keeping your family safe. A microchip or a GPS-compatible tag can help you find your pets once it’s safe to return to the area.

Posted in General News
April 23, 2022

Hiking Safety Tips

Hiking Safety Tips

 

Thinking about getting out into the great outdoors with friends and family in the near future? If you're not an experienced outdoor enthusiast (yet), here are a few quick hiking safety tips to keep in mind:

Do not drink water from ponds or streams unless you have treated it first by boiling, filtering, or using purification tablets.

Carry a day pack containing essential gear. You'll want to carry - rain gear, a layer for warmth, high energy snacks, a first aid kit, a whistle, sunscreen, and insect repellent. And last but not least, be sure to carry enough fresh water to get your through your day.

Dress appropriately for the season and wear appropriate hiking shoes or boots. Layers are the best choice for trying to meet varying weather conditions. And avoid cotton - it insulates poorly when wet and dries very slowly.

Make a plan and share it. Once you've established where you're going, and when you plan to be back, make sure to let someone know. This ensures that if something goes wrong on the trail, help will know where to look.

We are blessed to live in such a beautiful state. Get out there and enjoy and happy adventures friends!
I you

 anyone you know needs professional real estate advice,
please don't hesitat

April 15, 2022

Market Watch March 2022

March 2022 Market Watch Chart

And We're Off! 

The spring selling season is off and running at a fast pace. March brought more new listings than the previous year, however it wasn't enough to cover the demand. Pending listings were down by 8% and closed homes by 11% compared to this time last year. 

Inventory continues to be extremely low with on a 1 week supply of homes to choose from. The lack of inventory is pushing home prices to a staggering 21% increase compared to March 2021! 

The luxury market including homes over $1,000,000 has been picking up with more higher priced homes being purchased.

That being said, nearly half of the new listings coming to market fell between $300,000 - $500,000 price range. 

March 2022 Market Watch Report

REcolorado Market Watch March 2022

Curious about what’s happening in your neighborhood? 
You can create a custom market report to see all active, under contract, and sold homes within your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Were here to serve all your real estate needs. Contact us today! 

Posted in Market Watch
April 4, 2022

April 2022 Monthly Newsletter

Denver Realty Pro, LLC Company Logo

April 2022
Real Estate News
Brought to you by Scott Beard

How Does Inflation Affect Home Prices?

If you've followed the news lately, you've probably seen quite a bit about inflation. The consumer price index jumped 0.8% in February, bringing the total increase over the last 12 months to 7.9% – this is the largest annual jump in the last 40 years.

So, how does all of this affect the real estate market?

Home Inflation

The Inventory Issue
Interest rates have been kept low for so long it's created a bubble for everything and not just the housing market. There's also inflationary pressure on the housing market because of limited inventory. Limited inventory stems from a myriad of problems in the industry.

First, many homeowners aren't putting their houses on the market. This is due to factors like lockdowns, but also the fear they won't be able to find a new home to buy.

There are construction delays due to supply chain bottlenecks as well.

Low inventory means buyers are often having to put in bids well above asking to get properties, creating a frustrating situation, to say the least.

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Posted in Monthly Newsletter
March 28, 2022

The Cost Of Waiting To Buy a Home

Waiting To Purchase a Home Could Cost You BIG! 

Over the past few years the Denver Metro Area has experienced a HUGE housing boom leading to very low inventory and record home prices. Low interest rates and strong consumer confidence has driven the market and made home ownership almost out of reach for some Buyers.

The delima is to purchase now or wait. With interest rates on the rise and prices still going up each month the question is can you really afford to wait?

The Cost of Owning a Home in the Denver Metro Area Colorado

The chart above dives deeper in the true cost of home ownership. It compares the past three years and also looks a the trends heading into next year. The data is eye opening.

If you have been on the fence on whether to purchase this spring or wait. NOW is the the time. Don't delay. Waiting to purchase will only cost you thousands of dollars in the future. 

If you would like to discuss your options please contact us today. We would love to hear from you and get you on the road to home ownership. 

March 24, 2022

Thinking of Buying a Home

Couple Reviewing Paperwork

Consider Your Down Payment

Almost all home buyers will have to come up with a significant down payment, typically 20% in today's market, in order to qualify for a traditional mortgage.

A down payment can come from many places: savings, investments such as stocks and bonds, gifts from relatives, company bonuses, equity in other assets, and life insurance policies, to name a few.

If you currently own a home, you may want the equity you have built in that house to serve as the down payment on your next home.

But how much is your current home worth? 
Get an INSTANT property valuation now!

Curious about what’s happening in your neighborhood? 
You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

In today's real estate market, having an experienced Realtor makes all the difference. Please contact us today. We're available to help.  

March 13, 2022

Market Watch February 2022

Market Watch February 2022

VERY Strong Sellers Market Continues...

The Denver Metro Area real estate market continues to be squrely in the grips of a VERY strong sellers market. Buyer demand continues to outpace available inventory leading to record prices and rapid sales. 

The lack of inventory is affecting the number of closed homes and pending listings. Both were down compared to this time last year. The high demand for homes has pushed the median home price to $575,000 up 22% to this time last year! 

Homes priced between $600-$800,000 are very hot. They saw an increase of 39% compared to this time last year! 

The Denver Metro Area real estate maket has only 2 weeks of inventory meaning competition will remain fierce for the few available homes for sale. 

If you're looking to buy a home expect to see more of the same. Multiple offers (all well over the asking price) and limited contingenices still remain. 

Help may be on the way. The Spring Selling Season is just around the corner. More homes are expected to come to market which will help increase chances for weary buyers. 

February 2022 Market Watch Report

Denver Real Estate Market Statistics February 2022

Curious about what’s happening in your neighborhood? 
You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you!

Posted in Market Watch
March 6, 2022

March 2022 Monthly Newsletter

Denver Realty Pro, LLC Company Logo

March  2022
Real Estate News
Brought to you by Scott Beard

What is Title Insurance

From contract contingencies to encumbrances, the home sale and purchase processes bring with them a new vocabulary. One of the processes that most first-timers find confusing is the title company’s role in a real estate transaction. Let’s try to clear up the confusion.

Title Insurance Document A title company serves two main functions in the real estate transaction. Its first role is that of facilitator for the closing. A title company manages the numbers, works up the settlement structures, and disburses the funds from the escrow account at closing.

Performing a title search and issuing a title insurance policy is a title company’s second function. When you borrow money, the lender requires that you buy a lender’s title insurance policy.

"Title insurance is a type of insurance policy meant to protect home buyers, as well as lenders, from any damages or losses caused by a bad title. Most title insurance policies cover all the common claims filed against a title, including outstanding liens, back taxes and conflicting wills."

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Posted in Monthly Newsletter