The stagnation period that is still observed in many areas of in United States in the housing market is over in Denver, Colorado. Numerous parameters and tendencies indicate that the Denver real estate market is recovering from its lowest activity levels in the previous years. Moreover, it is a sector where substantial growth has been observed, which is confirmed by statistical data analyzed by independent real estate specialists. The prices of property, including Denver luxury real estate, but also affordable Denver homes for sale, are progressively increasing as the number of available homes for sale on the market is going down. It is still a great time for potential home buyers to secure attractive home offers as revealed by the detailed analysis performed by real estate agent Mark Hunke and his team of talented real estate personnel. What are the influences and local changes in the Denver housing market that led the Mark Hunke Team to formulate evidence-based, solid recommendations for their clients and future home buyers?
The Home Prices In Denver Are Still Low In Spite of the Depleting Housing Inventory
The numbers clearly indicate “movements” and changes on the local Denver housing market that suggest a transition towards a seller’s real estate market. The number of available homes on the local real estate market is reduced by almost a third compared to the number of homes in the preceding year. Additionally, days on the market are diminished by about 29 percent at the end of 2012 and the start of 2013 as compared to 2011 statistics, which reflects a high intensity of real estate transactions and a growing demand. Home sellers are stimulated to make the rational financial decision to increase the prices due to the availability of multiple offers to choose from. Mark Hunke realtor and his skilled partners are recommending to refrain from making low-ball offers to home sellers because there are no solid basis for substantial discounts from the initial asked price. On average, home sellers have sufficient offers, yet there is still room for negotiation to obtain the lowest possible price for your home in Denver. The houses are slowly appreciating and the current trend consists in the progressive increase in Denver property prices, which is why home buyers may want to benefit from this unique opportunity on the local housing market. The prices are low enough to benefit individuals who are able to secure low-cost financing.
Interest Rates On Home Financing Are Still Low And Home Buyers Should Take Advantage
Since there is a tendency for Denver home value growth in the future, the moment to benefit from low house prices is now. The decision to buy a home can be further reinforced by the cheap rates on home financing. The low interest rates may not remain attractive for much longer as they may follow the trend of home value appreciation in the near future. Choose a realtor with solid knowledge and sufficient expertise in the local real estate market to select the best home offers and negotiate the lowest price. The Mark Hunke Team consists of highly talented, knowledgeable real estate experts led by Mark Hunke, who are ready for a valuable partnership with you, a potential home buyer, to help you take advantage of the favorable period in the Denver housing market.