HELLO!
With summer now in full swing, I hope you're getting out and enjoying tons of adventures here in Colorado. If you're sticking close to home and have projects in the works, I'd be happy to recommend trusted pros. And if you're focused on buying or selling, I'm here to help you, too!
A LOOK AT THE MARKET
The market correction continues as rising interest rates persist. Looking at detached single-family homes, 5,674 new listings came on the market in June, a month-over-month increase of 14.3%.
The average sales price in Denver increased slightly month-over-month to $810,415. And while homes are selling for 103% of the asking price on average, that's down 2.3% compared to May.
Listings are taking longer to sell with days on the market at 10 for June. There were also 4,684 single-family listings still available at the end of the month, a 119.2% year-over-year increase.
CLICK HERE to learn more on the PorchLight blog or reach out to discuss your real estate needs.
THE REAL ESTATE MARKET:
NOW VS. 2008
NOW VS. 2008
Rising interest rates are putting the brakes on the blistering, unsustainable pace of our real estate market. And despite the sensational news headlines, what's happening is a return to normalcy.
What differentiates today's market? Double-digit equity gains, financially stable buyers, curtailed predatory lending, and nowhere near enough home inventory to create a balanced market. In fact, with the real estate market correcting and coming back down to earth, now just might be a great time to buy a home if it makes sense for your needs and finances! CLICK HERE to find out more about the market shift and why it's still a good time to buy and sell.
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PORCHLIGHT FEATURED LISTINGS
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NEIGHBORHOOD SPOTLIGHT
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PRETTY WOMAN: THE MUSICAL
After an incredible run on Broadway, this theatrical take on one of Hollywood's most beloved romantic stories of all time is coming to the Buell Theatre in Denver!
August 2 - 14: Various Dates & Times
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ARVADA DAYS 2022 Head to Clear Creek Valley Park for family fun including a fishing derby, vendors, live music, food trucks and more! For the adults, a beer garden will donate proceeds to Ralston House.
August 20: 11am - 3pm
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AFFORDABLE ARTS FESTIVAL
Don't miss this unique event where over 160 artists from around the country come to Colorado to offer art patrons the opportunity to buy fine art for $100 or less.
August 28: 9am - 3pm
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Dina Piterniece
Broker Associate
720.317.3649
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[email protected] |
A BETTER EXPERIENCE. A BETTER AGENT.
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