Denver Home of the Day – October 18, 2019

4303 Navajo St Denver CO 80211 | $729,000 | 2,444 Sq. Ft | 4 bedrooms, 4 Bathrooms

What is the next hottest neighborhood, you ask? Sunnyside is it! This beautiful townhouse lives like a single family home. Enjoy all the best finishes – wood, tile and quartz. This home has high ceilings, an open floor plan, a rooftop flex space, office and a master suite with a superb walk-in shower. Walk to restaurants, coffeeshops and bars!

Listing courtesy of Workman & Associates.

Liz is  broker and owner of Liz Daigle Realty.

Denver Home of the Day – October 17, 2019

5969 S Humboldt Ct Centennial CO 80121 | $1,265,000 | 2,796 Sq. Ft | 3 bedrooms, 4 Bathrooms

Welcome home! Don’t miss this renovated ranch on a corner lot at the end of a cul-de-sac. You will love the hardwood floors in the great room and dinning room and the extra living space in the sunroom that overlooks the backyard. The master suite has French doors that open to the backyard, a large closet and a gorgeous bathroom. The home seems to center around the landscaped backyard that has a patio, covered pergola, peach trees, grapes, a garden and a 6ft. fence.

Listing courtesy of Re/Max Alliance.

Liz is  broker and owner of Liz Daigle Realty.

Denver Home of the Day – October 14, 2019

5969 S Humboldt Ct Centennial CO 80121 | $1,265,000 | 2,796 Sq. Ft | 3 bedrooms, 4 Bathrooms

This home is truly a modern masterpiece! Enjoy the outdoors from the indoors with floor-to-ceiling windows that overlook the private courtyard. Clean lines through the kitchen and living room are the epitome of the modern architecture in this custom home. The walkout basement has an additional living space, bedroom and bathroom with a private patio. This home is just a short walk to the Highline Canal!

Listing courtesy of Key Real Estate.

Liz is  broker and owner of Liz Daigle Realty.

Denver Home of the Day – October 11, 2019

7607 S Grape Way Centennial CO 80122 | $630,900 | 2,796 Sq. Ft | 5 bedrooms, 3 Bathrooms

This home is ready for your personal touch! Gorgeous hardwood floors, a fireplace, plenty of windows and vaulted, atmospheric ceilings welcome you when you enter. The backyard is perfect for grilling and relaxing while the unfinished basement offers the opportunity for more space and equity. Come take a look today.

Listing courtesy of Atlas Real Estate.

Liz is  broker and owner of Liz Daigle Realty.

Denver Home of the Day – October 10, 2019

301 Harrison St #102 Denver CO 80206 | $1,199,500 | 4,273 Sq. Ft | 3 bedrooms, 5 Bathrooms

Welcome home! This Cherry Creek North townhouse lives like a detached home. This home has three bedrooms and 4.5 bathrooms and THREE parking spots. The kitchen has a. large island, custom cabinetry and Viking appliances. As you walk towards the back of the home, you will find a spacious two-story living room. Other features includes a loft, study, workout room, a price elevator and wine storage. Head out your front door to Cherry Creek North and enjoy all the shops, bars, restaurants and cofeeshops that are just a few steps away.

Listing courtesy of Modus Real Estate.

Liz is  broker and owner of Liz Daigle Realty.

A visual of what is occurring in the real estate market.

Seasonal Slowdown + More Inventory = Slightly Less of a Seller’s Real Estate Market.

There is a bit of a change in the real estate market in Denver as we start to see more homes on the market. We ended September 2019 with 2,657 homes on the market in Denver while last September 2019 we had 2,378. However, in September we had 1,119 sales while we had 1,032 sales in September 2018. What does this mean? There ARE more homes on the market but there are also more sales. There is still a high demand and now high(er) supply. No, the market isn’t bottoming out, especially with high and consistent demand, however, it does mean there is a change.

Coming off the of the last 5+ years of a very insane (technical term, there) real estate market, this change feels drastic. It can feel like we went from multiple offers, competition, and getting above list price to homes taking longer to sell and actually negotiate, overnight. However, we have seen this shift slowly over the last 18 months. Since this change can provoke feelings of uncertainty and fear, I have found a visual modality often helps explain this change.

This graph shows the number of listings over the last five years. As you can see we have more active listings than we have seen in the last five years. real estate market.

 

Additionally, this graph shows the close price relative to the list price. In past years it was commonplace to receive over list price on a home as multiple offers drew the price up. As you will see, we are starting to see sellers receive less (1-2% less) of list price.

real estate market.

There is certainly a shift occurring in our real estate market and we appear to be heading towards more of a balanced market. Although, right now we have roughly 2 months of inventory on the market. To put it in perspective, for it to be considered a balanced market, we would need 6 months of inventory. Despite rumors, it is certainly not a buyer’s market yet (sorry, buyers!) but seller’s should expect a bit longer for their home sale and to price the home properly and competitively.