HELLO!
The holidays are just around the corner along with seasonal cooling in a real estate market that has already shifted considerably due to rising interest rates. Please feel free to reach out if you or anyone you know would like to discuss buying or selling. I have a ton of information and insight that Id be happy to share and would love to provide any guidance needed.
A LOOK AT THE MARKET
In September, 3,772 new detached, single-family listings came on the market, a small increase compared to 3,693 the prior month. And 5,798 homes remained active at the close of the month, a year-over-year increase of 107%.
The median price also decreased slightly from $645,000 in August to $632,000 in September. However, year-over-year prices are up 9.72% which is healthy.
Days on market also jumped from 20 to 28. It looks like buyers now have quite a bit more time to shop for homes that fit their needs and budgets. This also is an indication that sellers, along with their agents, should be very strategic about pricing.
CLICK HERE to learn more or reach out to discuss your real estate needs.
FIGHT RISING INTEREST RATES
WITH A MORTGAGE RATE BUYDOWN
WITH A MORTGAGE RATE BUYDOWN
Interest rates, therefore mortgage rates, have been on the rise. As a buyer, you might be worried about affordability. If youre a seller, you may wonder how rates will impact your returns.
While rates are cyclical and will come down, there are financial tools available to help you now. 2-1 Buydown Provides a lower rate during the first two years of the loan term 3-2-1 Buydown Offers greater savings and gives a buyer three years of lower rates Permanent Buydown Lowers the rate for the life of the loan based on points purchased CLICK HERE to learn more about these options, as well as the pros and cons of a buydown.
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PORCHLIGHT FEATURED LISTINGS
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NEIGHBORHOOD SPOTLIGHT
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DENVER FILM FEST
The largest film festival in the Rocky Mountain region returns with a great lineup of red carpets, feature-length film screenings, events, panels, parties, and industry guests. November 2 - 14: Various Events
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POLAR EXPRESS TRAIN RIDES Get in the holiday spirit with joyful caroling, a visit with Santa, and a ride to the North Pole aboard vintage coaches, pulled by an authentic, coal-fired steam locomotive.
Starts November 11: Various Times
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DENVER CHRISTKINDLMARKET
Experience the warmth and charm of a German Holiday Market. Shop for finely crafted artisan gifts and treats brought to you by local and international small businesses.
Opens November 18 at 11am
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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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