According to statistics kept by moving company United Van Lines, Colorado ranked 8th in the United States for inbound moves; 55% of moves taking place in the state of Colorado are inbound, while just 45% of moves taking place are outbound. (United Van Lines, 2013)
Over the past several years, an influx of 200,000+ people in a single year has been the norm for Colorado, and between 80-90,000 of those folks are settling in Metro Denver on an average basis.
What does this mean for you as a homeowner, landlord, or potential buyer in the Metro Denver area?
- If you are considering selling your home, there are plenty of buyers! In fact, lots of buyers and not enough properties for sale. It’s time to list! If you are not sure what your house is worth, or how hot the market it in your neighborhood or price range, just ask!
- Weighing the pros and cons of purchasing an investment property? This is a seller’s market, but there are deals to be had. Because of the shortage of homes for sale, many would-be buyers are renting until they can find a home, or renting until they know the area better. Now is a great time to be a landlord, and rental rates are substantial in our area.
- As a potential buyer, you owe it to yourself to work with a pro who knows the Denver area Real Estate market. When you find your next home, you’ll need to act fast and have an experienced negotiator by your side.
Are you new to Denver, or have a friend or family member thinking of joining our happy ranks? Give them my name. I’m happy to provide stellar service to your friends & family. And if you are relocating outside of Metro Denver, give me a shout. I may have a great Real Estate contact in your new hometown.