In the last week we have all experienced the rapid changing of seasons. The temperatures dropped, snow fell, and I spent every night by my fireplace keeping warm. With this shift in temperature, many of you may be wondering what is going to be changing in the Real Estate Market as well?
If you're looking to buy in the upcoming months, the above infographic gives you a small glimpse into the current real estate trends. Within the Denver area, the Median Sold price for a home in September was $405,000. There were 6,078 new listings and they averaged 22 days on the market.
Wondering where to buy? 5280 Magazine compiled a list of the top 25 neighborhoods to live in in Denver currently. It was based on a number of factors such as school rankings, crime data, proximity to open space, and many others. The top five of these came out to be, in order: Congress Park, Hilltop, University Park, Hampden South, and Indian Creek.
Additionally, the market has slowed in the last month from the aggressive climb it has been making over the year. It is unclear yet whether this is simply the normal Winter pace, or the Denver market is seeing a cool down. That said, we are still in a seller's market. Depending on the price range you are looking in, be prepared to write a competitive offer and pull the trigger quickly on a property you are interested in.
If you are looking to sell your house, it is important to know that the colder months often see a cool down in the market as well. This does not mean you won't get your money's worth for your house, it just might sit on the market a little longer and you amy not see the bidding war we've become used to this year.
This is due to a number of factors. One being, quite simply, that in winter the cold weather keeps more people inside. However, more importantly, the snow and the dying foliage tend to make houses look less appealing. So, if you are planning on listing, here are a few tips to make your house look like an ideal winter listing.
While all of these helpful tips can aid you in your home selling and buying this winter, it is never an exact science. That's why it is important to have a realtor you trust guiding you through the process. Contact us today with any real estate questions your may have.
Emily Baker has been an educator in North Denver since 2012. She taught 4th grade for many years, before transitioning to Middle School English. She loved her job working with children, and now her job as a realtor. With Equity for Educators she is able to combine these two passions.