Well we’re into the second half of the year already so let’s look at July’s figures.  I see a lot of RED!  Understandably, the inventory levels are less than in previous years but let’s not get caught up in all of that.  Let’s look at what we have right now.  To me it looks pretty good.

Sellers in most South Denver real estate zip codes are looking at fairly low months of inventory.  Sellers in areas such as Parker, Highlands Ranch, Lone Tree and Englewood all enjoy a seller’s real estate market.  Like I always say however, an overpriced home in less than good condition will struggle to sell in any market.  So sellers need to stay focused on price and condition.

Buyers never fear!  There is still enough inventory out there for you to find the perfect home.  Take advantage now of these all time low rates which improve your buying power tremendously based on mortgage qualification and monthly payments.  If you find the home you like, act on it.  It is a great time to buy, really.

If you are looking to buy your next home or maybe sell your current home, please contact me and let’s see how I can help.  I’m active in the market and stay current on real estate values and trends.

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We are a bit more than halfway through the year already so let’s take a look at June’s statistics for the midyear.  Most zip codes for the south metro Denver area remain  pretty steady as far as sales and inventory levels.  In fact, most are pretty good  for the market with most zip codes staying “red”, which indicates a fairly hot market for sellers.

Parker and Castle Rock both have large numbers of active inventory and Parker continues to show great activity in it’s 80134 zip code!  Highlands Ranch reflects a seller’s market as well as many of the zip codes just north, including Englewood, Centennial and Greenwood Village along with others.

If you are a seller in one of these South Metro Denver zip codes, remain competitive on price, condition and depending on your price range, you may need to remain patient.  Even though it is a stable market according to statistics, the hottest prices remain between $200-$500k.

Buyers, stay active and engaged in the market. If you are ready to buy, then don’t believe the inventory will remain on the market forever and there is an overabundance of choices.  As you can see, in most areas inventory is to the seller’s advantage and the best homes continue to sell quick.

The Denver Real Estate market is pretty good. If you would like a more detailed look at your own home’s value or if you are looking to buy, please contact me I would love to help.

Denver Homes Sales & Real Estate Statistics

May continued the trend of a fairly strong homes seller’s market this year, at least as far as inventory levels go. Looking at the chart, there is still a lot of red!  Seller’s need to take advantage of the season, keep the curb appeal spruced up grass green and cut, fresh mulch and blooming flowers.

Buyers have fewer choices so don’t hesitate when you find the home you love. Especially anything priced under $200k, these homes are HOT! Take advantage of still great interest rates and start living your dream.

The Denver Real Estate market is pretty good. If you would like a more detailed look at your own home’s value or if you are looking to buy, please contact me I would love to help.

April inventory levels remain positive in most areas. Not too much of an over supply in the market.  In fact, as you can see by all the red, most areas have relatively low levels of inventory.  There is a good amount of inventory out in Parker, which is the 80134 and 80138 zips, however also a lot of sales leaving the area in a pretty balanced market condition.

On average, days on market look to be a bit over 4 months for many areas which is consistent with the months of inventory in those areas.  What does this mean to sellers?  Lower inventory again this month is good.  However, patience is necessary for most, the showing activity is just not that brisk.  Also, be very competitive in price and condition.  With fewer homes competing for the home buyers, it becomes clear to those out in the market which homes are overpriced and which need more attention to condition details.  So keep it clean, well maintained and priced right and you should be fine.

Buyers need to act quicker if they have interest in a particular home. With less inventory and great interest rates, the home you like today another buyer may very well have seen and liked yesterday.  Now you find it under contract!

The Denver Real Estate market is pretty good. If you would like a more detailed look at your own home’s value or if you are looking to buy, please contact me I would love to help.

There has been many opinions, pro and con regarding the Douglas County Schools of Choice Scholarship / Option Certificate / Voucher Pilot Program. I have also seen it called a variety of names including vouchers, option certificates and Choice Scholarships, the latter seeming to be the current.  In any case, the pilot program has passed by the Douglas County School Board and a time line has been set to implement the program.  Parents can sign up for interest and soon (5/2/11)  they will be able to apply for the 500 possible Option Certificates / Choice Scholarships to attend private schools in the area.  According to the time line, The application deadline will be 5/12/11.

While there are a variety of qualifications, the two that stand out to me is that your child must currently be enrolled in a Douglas County School this current 2010 – 2011 school year and the school you wish to use the Option Certificate must be approved.

Schools have now applied for approval into the program as the deadline was last Friday 4/15/11.  According to the DCSD website, 28 area private schools applied.   You can see a list here.

The schools that have applied are now being reviewed and a final list of accepted schools will be published on May 2, 2011.