Your Source For Metro Denver Real Estate News & Market Trends

December 2020
Real Estate News
Brought to you by Scott Beard 

What Could 2021 Mean For The Housing Market?

This year has been nonstop uncertainty. The coronavirus pandemic led to shutdowns and major changes to our everyday lives. Those changes are likely to continue as we head into winter. Cities have been hard-hit, not only in terms of public health, but also economically.

Despite everything, the housing market is one thing that's been consistently strong this year. So, what do experts think next year will bring? Will that positivity hold steady, or are we in for a bust?

Rising Prices

If inventory remains low into early 2021, it's possible that home prices will continue to go up. The median asking price for properties in September 2020, according to Realtor.com, was $350,000. That's up 11% compared to last year. Inventory has declined 39% year-over-year, despite a quick burst of new listings in August. Increased demand and a dwindling supply are great for sellers but not so much for buyers.

Suburbs Reign Supreme

There has been a shift in interest away from urban areas, as many people are packing up to find homes with more space and less proximity to others. Some of the most popular areas in 2020 have included Colorado Springs, CO; Reynoldsburg, OH; and Rochester, NY. We could see continued flight from urban areas to suburbs in 2021.

You can keep your home in top shape with simple tasks throughout the year. This month, be sure to:

1.   Check your basement windows for drafts and/or cracked panes.

2.   Check on supplies around the home that could will be helpful if there's a weather related power outage or other emergency. Batteries, non perishable food items, and blankets should be available.

3.   Replace the filter on your furnace to keep it operating as efficiently as possible.

4.   Clean faucet aerators and shower heads.

5.   Reseal grout on counters, walls, and floors to prevent staining.

6.   Drain approximately 2 gallons from water heater to eliminate sediment.

7.   Make sure any decorative lights you put up for the holidays are working properly before hanging them. Anything with a frayed or damaged cord should be discarded.

As always, I appreciate referrals from my friends and past clients. If you know of anyone who is looking to buy or sell real estate, please send them my way!

Scott Beard  Managing Broker/Owner Denver Realty Pro LLC ER100017548 Mobile: 720-935-9406 Scott@denverrealtypro.com  www.DenverRealtyPro.com

2020 has been quite the year!  Even so, there is always something to be thankful for. These tough times shall pass.

Denver Realty Pro, LLC would like to with you and yours a very Happy and Healthy Thanksgiving!  

Scott Beard  Managing Broker/Owner Denver Realty Pro LLC ER100017548 Mobile: 720-935-9406 Scott@denverrealtypro.com  www.DenverRealtyPro.com

Seasonal Slowdown? What Seasonal Slowdown? 

Another month down and more records set! October just set another record with more homes sold than any other October on record. October posted a 24% increase year over year with 6,368 closed homes! 

Pending sales were also way up from this time last year with 6,158 homes going under contact. That represented a 27% increase from October 2019 and a 2% increase from September 2020!

November 2020
Real Estate News
Brought to you by Scott Beard 

Make The Most of Your Outdoor Space This Winter

Colder weather ahead doesn’t mean you have to forfeit your precious outdoor space. This year especially, you’ll want to enjoy your backyard or balcony as long as possible. Here are some tips to make the most of your space this fall and winter.

Clean Up Ahead of Winter

Spruce up your yard to create an outdoor environment you’ll be motivated to enjoy. Take time to clean up and dispose of leaves and fallen branches. For your flower beds, pull out the dead annuals, add compost, then plant cover crops or add mulch.

Daylight Saving Time ends this Sunday, November 1st. Make sure to turn your clocks back one hour. It's also a good idea to check the batteries on your smoke detectors this time of year.

Scott Beard Managing Broker/Owner Denver Realty Pro LLC ER100017548 Mobile: 720-935-9406 Scott@denverrealtypro.com www.DenverRealtyPro.com

The Denver Housing Market Continues To Be Strong!

The Denver Housing Market continued it's record setting pace again in September. In September more homes closed than any other September on record! We saw 6,303 new closings in September reflecting a whopping 26% year over year increase! 

September brought 6,563 new listings representing a 9% increase to this time last year. Buyers are still finding it hard to find homes as the weeks of inventory dropped from 9 weeks last year to only 4 weeks of inventory at the end of September 2020.

You can keep your home in top shape with simple tasks throughout the year. This month be sure to: home in 

1.   Replace or clean your furnace filter.

2.   Clean filters for kitchen exhaust fans.

3.   Drain outside faucets and winterize your sprinkler system.

4.   Check your driveway for cracks. Fill cracks and reseal as needed.

5.   Cover your air conditioner and/or remove any window units.

6.   Reverse your ceiling fans to help blow warm air down from the ceiling throughout the room.

7.   Drain approximately 2 gallons from water heater to eliminate sediment.

8.   Pass a lit candle around doors and windows to check for drafts. Weather strip as necessary.

As always, I appreciate referrals from my friends and past clients. If you know of anyone who is looking to buy or sell real estate, please send them my way!

Scott Beard Managing Broker/Owner Denver Realty Pro LLC ER100017548 Mobile: 720-935-9406 Scott@denverrealtypro.com www.DenverRealtyPro.com I

October 2020
Real Estate News
Brought to you by Scott Beard 

How to Buy a Home Sight Unseen

If you're thinking about buying a house right now, you're probably wondering how best to go about it. The truth is, you can still do in-person tours in some places, depending on the local regulations, but many people are buying homes right now without stepping foot inside until the deal is done

Sight unseen deals are nothing new, but up until recently they were used mostly for foreign buyers, investors, or long-distance home shoppers. These types of remote deals have become more mainstream in the wake of the COVID-19 pandemic, and there's evidence to suggest they're more than a passing trend.

A survey from 2018 showed that about 20% of homebuyers had made an offer on a home without seeing it first. A more recent, COVID-19-influenced survey, found that 45% of homebuyers in the last year had made an offer without seeing the property in person. In April of this year, Realtor.com found that "24% of 1,300 consumers surveyed said they'd be willing to buy a home without first seeing it in person."

If you're considering purchasing a home sight unseen, keep these tips in mind: