The Denver Area's Real Estate Market is all over the news these days.
And, it's true, both perfect and ugly houses are selling really quickly.
In fact, according to the Denver Post:
Colorado's Front Range claimed three of the country's hottest housing markets in March, according to a report Wednesday fromRealtor.com.
The residential listing website releases a "hotness index" each month that looks at the number of views for home listings and how quickly listings sell in hundreds of markets.
In March, Denver ranked third, up from fourth in February. Denver has long been a top market in home sales and price appreciation.
Colorado Springs jumped from 18th to 11th, while Boulder dropped from 13th to 18th.
Colorado had more cities in the top 20 of any state except California, which had 13.
The median age of a home listing in metro Denver dropped to 36 days in March from 45 in February. Colorado Spring saw an even larger drop, from 67 days in February to 44 in March. In Boulder, the median listing age dropped from 48 days to 40.
Nationally, homes moved on and off the market 12 days faster than they did in March 2015 and 19 days faster than they did in February.
The median age of a listing nationally in March was 77 days.
"The early readings on March inventory and activity onrealtor.comindicate that early-bird buyers are emerging in markets that typically have buyers sidelined with winter weather," said Jonathan Smoke, aRealtor.comeconomist, in the report.
And that's not all, according to a recent report regarding Denver housing:
Metro Denver's median home valuewas $326,300 in February more than $141,000 above the national figure. That marks a 14.4 percent increase year-over-year, and growth is expected to continue over the next 12 months, albeit at a slower 4.2 percent.
Median rents, were also up 7.2 percent year-over-year, to $1,959, and projected to grow another 3.8 percent this year.
Denver has seen its population grow more than 10 percent since 2010. More than third of that growth was driven by 18- to 34-year-olds.
While growth is fantastic, you have to have enough housing for everyone who is moving here and also for people who are currently renters and want to become homeowners.
And Denver is making other kinds of lists, too, including this one from Conde Nast, which ranked Denver Number One on their list of Best Places to Live in the US:
So, what does all of this mean to you, as a Denver Area homeowner?
By putting your house on the market as-is, you might not be totally capitalizing on your equity. But, let's get real: If you haven't gotten around to that honey-do list, if your floors aren't exactly level, if you never got around to that kitchen remodel that you planned on doing right after you bought your home several years ago...it's ok. We can sell your house right now, anyway - and you'll likely make more money than you think you will.
Ready to talk about selling your ugly house? (Or your super-cute one?)
#form-seller#
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