2012 could bring forth great opportunities for anyone looking to buy or sell their home in Denver. It just might be the perfect real estate storm. Why do we think this year is different than the recent previous years past? Here’s what we are reading.
First of all, good news for buyers. Experts are expecting that interest rates will remain low through the first nine months of the year. To make sure that you are in the best situation to buy a home, take proactive measures such as getting qualified before you look for a home.
If you are selling your home, this could be a good year for you as well. Some factors on your side include lower prices on homes. Sound crazy? It’s true. Homes that have a great price tag on them could be the best conditioned to get multiple offers. Have a market price for your home and a cash price as a way to attract buyers.
Those of you looking for more numbers to help you know more about the Denver market and how to take advantage of it can take an in-depth look at the numbers below:
- Inventory for single family homes is steadily reducing, with numbers more than 39 percent lower than Feb. 2011
- Condominium inventory has all decreased by slightly more than 50 percent when compared to Feb. 2011
- Interest rates are remain historically low and predicted to stay that way through the first half of 2012
- Prices for single family homes priced below $250,000 have risen 4.7 percent in 12 months.
- Sold data increased 14.56 percent from January 2011 to January 2012.
- Single family homes and condo properties that are “under contract” increased 5.3 percent over that last 12 months
- Foreclosures filings and foreclose sales are decreasing from previous years; experts think this means that home prices are stabilizing in Denver.
Are you ready to buy or sell a home in Denver? Click here to search for homes in the area, and call me at 888-860-1931 to begin.
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