The good folks over at Zillow (www.zillow.com) rate the current Denver Metro Real Estate market as “Very Hot.”
Home values in Denver Metro have risen 7% over the past year, and Zillow predicts a rise of 1.6% over the next year. So what does a HOT market mean for you as a potential buyer or seller of Real Estate?
Sellers – now is your time to shine! In this market there are more buyers than homes available, and you can take advantage of that factor to sell your home in a timely manner, and for a price you can be happy with.
Buyers – Don’t go it alone! If you want or need to buy a home, the right home, for a price you can afford, is out there. But you’ll need an experienced Realtor to help you navigate the Seller’s Market we are experiencing right now.
Renters – Median rental rates in the Denver Metro area range from $1300-1500, depending on which area of town you are seeking a rental. Depending on your situation you may need or want to rent temporarily, but with single family homes (3 bedrooms) in South Suburban Metro Denver renting for $1800-$2000 and beyond, you owe it to yourself, and your family if you have one, to consider a home purchase. The $2000 you hand over to a Landlord each month could be buying equity in a home you call your own.
So how HOT is the market in your neighborhood? Give me a call and we’ll run the numbers. Every suburb is unique, and every neighborhood has its own unique set of circumstances that will affect the value of a home you may want to sell, or the next home you’d like to buy.