It’s been eight weeks since the “Stay at Home” order went into effect and caused panic at the liquor stores and brought real estate showings to nearly a dead halt. While the restrictions are impacting the residential real estate industry in ways we’ve never experienced, for the average homeowner not much has changed. Below is […]
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Pandemic Home Sales Activity
If you would like to walk through a home currently on the market, you’ll need to be under contract first – yep, you read that right. If you would like to list your home on the market, you will need to stage it yourself and take your own photos as professional home staging and photography […]
read moreLooking For A Better Quarantine Space?
The Great Recession, only twelve short years ago, remains strongly etched in the minds of those who suffered through it. We have an almost PTSD like response to link the terms “recession” and “housing market” together because of that experience. Historically, however, recessions and home values appear to have little correlation, unless of course the […]
read moreLow Inventory & Low Interest Rates May Ignite Market Again
2020 may be a stronger year than we originally expected for Central Denver home appreciation. The number of available homes for sale started plummeting last October back to 2018 levels. As you can see from the 2020 dot on the graph below, we’re right in line with 2018, and down 44% from last January. The 2018 low […]
read more2019 Year End Round-Up
Central Denver’s 2019 home prices end with a “bleh”. For the first time since 2011, the rolling twelve-month median price dropped (mid-year), and by the end of December we ended up pretty much where we started the first month of the year. What does 2020 hold? The best future performance indicator for the market is the […]
read moreShining A Light on the Shadow Market
The National Association of Realtors (NAR) is enforcing a significant new requirement this coming year. Starting May 1st, Realtors must list their client’s property in the MLS within one business day after installing a “coming soon” sign in the yard, emailing prospects or other realtors about the listing, or publishing the listing on a private […]
read moreDo Summer Vacations Cause Market Volatility?
Each year during the fall the average days on market increases and the list price to sales price ratio decreases for homes in central Denver, but why? The phenomenon begins in the spring when buyer and seller activity are mismatched — most likely as a result of summer vacations. You see, buyers start looking for homes […]
read moreEight Years of Consistent Gains Come To An End
Yes, you read that correctly. For the first time since 2011, central Denver (map) home prices are dropping. We looked at the rolling 12-month median price to eliminate seasonality, and as you can see below, starting July of this year, the market has reversed course. The 12 months preceding July represent the historic height of central Denver’s […]
read more5280 Magazine 2019 Five Star Award Recipients
5280 Magazine recognized four Camber Realty Agents with the 2019 5 Star Real Estate Agent Award. Congrats to Jennifer Niederhauser (7th year winning!), Carrie Wernecke (7th year winning!), and Lisa and Mark Cramer (10th year winning!) If you’re thinking of buying or selling, contact Camber Realty!
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