Featured Home for Sale in Littleton.

8269 S Dudley Street Littleton CO 80128 | $859,999 | 4,250 Sq. Ft | 5 bedrooms, 4 Bathrooms

Sure it has been snowing for what seems like ages but have no fear there are still plenty happening in the real estate market.. This brand new home is ready to move right in. This home for sale in Littleton backs to open space with mountain views out the back of the home. An oversized driveway and a three car garage greets you as you pull up to the home. Inside the custom kitchen has quartz countertops, a large island, a farmhouse sick and pantry. Come take a look for this home for sale in Littleton!

Home for Sale in Littleton.

 

Not quite the home for you? Reach out to Liz to take a look at another home for sale in Littleton.

Listing courtesy of Ashdon Realty.

Liz is  broker and owner of Liz Daigle Realty.

 

 

Featured Home for Sale in Berkeley.

3700 W Alice Place Denver CO 80211 | $1,030,000 | 3,543 Sq. Ft | 4 bedrooms, 3 Bathrooms

Modern home for sale in Berkeley! Built by Workshop, a premier builder in Denver. Upon your first step into this home, you will love how open and airy the main level is with both modern and designer finishes. The garage door off the dinning room is perfect for enjoying the outdoors inside a majority of the year. After dinner you can spend time by the gas fireplace outside. The custom kitchen has stainless steel appliances, a large island and plenty of cabinets. This home for sale in Berkley also has a desirable main floor bedroom, perfect for an office, guest room or fourth bedroom. Come take a look today!

home for sale in Berkeley

Want to see another home for sale in Berkeley? Here are a few more on the market:

 

Continue your search for a home for sale in Metro Denver here.

Listing courtesy of Fusion Real Estate.

Liz is  broker and owner of Liz Daigle Realty.

Now is the Best Time to Sell Your Home.

sell your home

Thinking you might sell your home this year and questioning when is the best time to sell your home in 2020? Well, now! Home sellers will certainly have the advantage the first half of the year. While we focused on homebuyers last post , this post we put the spotlight on home sellers.
Let’s go back to this chart:

sell your home

In this chart, the blue squares signify the seller’s opportunity. As you can imagine, where the homebuyers had the disadvantage, homes sellers have the advantage. The first row of the chart, “Active Count” shows how many homes are expected to be on the market month by month. January through April have the lowest amount of homes on the market, resulting in a higher demand for homes and thus driving up the prices. However, the active count doesn’t tick up to a high buyer’s advantage until July.

The other advantages that you have selling your home now is how quickly you will be able to sell it. Take a look at column 6, “Average Days on Market” and column 7, “Median Days on Market”. When you sell your home, you can expect to have it under contract and sold very quickly. In fact, column 8, shows that roughly 50% of home sellers that sell their home between April and June can expect it under contract in seven days or less!

Last but not least column 5, “% of Close/List Price”,  shows that people that sell their home between April to June, can expect list price or a bit higher. This is because buyers will compete for you home increasing the sales price. 🙂

So, when is the best time to list your home? February to June is the best time to list your home. These months are truly the best months to sell a home as they result in a perfect scenario for home sellers. They can expect to receive top dollar for their home, go under contract quickly giving the home seller far more negotiating power than any other time of the year.

If you are a Denver home seller, feel free to reach out to Liz for a more detailed analysis of the current real estate market to find out when the best time to sell your home this year.

Liz is  broker and owner of Liz Daigle Realty.

Featured Home for Sale in Littleton.

6179 S Elati Street Littleton CO 80120 | $819,000 | 3,538 Sq. Ft | 5 bedrooms, 3 Bathrooms

Welcome to your new home in Aberdeen Village. This is just one of the few homes for sale in Littleton currently. And, what a home it is! No detail was spared. This home has all the modern upgrades, including a kitchen perfect for entertaining with a breakfast bar and a wine bar. Cozy up to two fireplaces during the winter in one of the many living spaces. Situated on close to half an acre, you will enjoy your personal outdoor oasis with a three-car garage. Enjoy parks, trails and schools within walking distance from your new home.

home for sale in littleton

Looking for a home for sale in Littleton? Here are a few more that might work:

 

Continue your search for a home for sale in Littleton here.

Listing courtesy of Modern Real Estate.

Liz is  broker and owner of Liz Daigle Realty.

Featured Home for Sale in Congress Park.

960 Milwaukee St Denver CO 80206 | $1,100,000 | 3,271 Sq. Ft | 4 bedrooms, 3 Bathrooms

Modern and unique, this home for sale in Congress Park is truly one-of-a-kind. This well-appointed home will not disappoint. You will love the fireplace in the living room, the modern, sophisticated kitchen, wide-plank hardwood floors and a family room that leads to the spacious backyard. The main floor bedroom can serve as a great guest room or office while the three bedrooms on the second floor are large with plenty of natural sun. Not to mention all the perks of this home for sale in Congress Park: walking distance to Shell’s and Sauce, coffeeshops, restaurants and shops on 12th Ave and Botanical Gardens.

Home for sale in Congress Park.

Maybe this home doesn’t work? Here are some more homes for sale in Congress Park that may be a better fit:

Continue your search for a homes for sale in Denver here.

Listing courtesy of Sage + Sparrow Real Estate.

Do or Die.

Okay, the title of this post may seem a bit drastic but it certainly feels like that is how this real estate market has turned in 2020 for Denver homebuyers. What can Denver homebuyers expect and what is the best approach to buying a home in 2020?

This chart ended up being the holy grail of information regarding the Denver real estate market in 2019. It  helped advise clients on when it was best to buy or sell real estate and help clients make the best decisions. Using the information from this chart, I was able to help clients decide to buy a home in the fourth quarter of 2019 versus waiting until first quarter 2020 due to the power that the buyers had as 2019 ended and knowing we were entering a more competitive marketplace in 2020.

For folks looking to buy and/or sell a home in 2020, there is now an even more comprehensive chart on what to expect to see month by month in the metro Denver real estate market:Denver homebuyers

This chart is usable for both buyers and seller but this week we will focus on homebuyers and next week, sellers. In my opinion the first row, “Active Count” is one of the most important. Simply put that is the expected number of homes on the market and based on the number, who has the most opportunity. January through April have the lowest count of active homes on the market, therefore, giving sellers the advantage. A low supply of homes will mean thatDenver  homebuyers will find themselves competing for homes and homes will go under contract quickly (reflected in row 6, “average DOM”, and 7, “median DOM”, on the chart).

As the market continues to heat up, Denver homebuyers will start to see multiple offers driving up the price of homes. Row 5, “% of list price to close price”, will show this best. March, April and May show that the sale price is actually ABOVE the list price. Keep in mind, since we are using sold prices for this row, there will be a little bit of a lag since the typical close to 30-45 days. This means the sales number for March will correspond with homes that are listed in January or February, April sales will reflect homes that go under contract in February or March, and so on. What this means for buyers looking at homes currently is that you can expect most homes to go under contract for slightly over the list price.

This is the most impactful piece of information regarding the marketplace currently because we start to see a significant increase in prices in a short amount of time. As buyers bid up homes, there are now more expensive comparable sales for a similar home to warrant a higher price the following month. Then THAT home is bid up more, etc. This compounding effect of prices means that buyers often find themselves at an important decision point over just a few months: increase their budget or decrease their needs/wants in a home.

This sudden change in the market can create a bit of anxiety and confusion for buyers that may have seen a slower market in the fall. Here are a few things that I am often asked and that buyers should consider.

I don’t want to/have the ability to compete and go over my price point.

There are two ways to approach this: start looking below your price point, knowing that the price may need to rise. Or, don’t compete. Even though the market is tight, there are always opportunities. As I always mention – be open to homes that may need a little cosmetic work, homes that don’t have professional photos or homes that have been on the market longer than a week. As a buyer, you will typically have more negotiating power with these homes.

With the market not favoring Denver homebuyers, should I even continue to look?

Yes. Historically, we have seen the market appreciate 10-12% in the first half of the year. As the chart depicts, the second half of the year has more homes on the market, giving the buyers much more opportunity. In the second half of the year, we do start to see price decreases 2-3%. Sure, you may be able to get a home for less than the listing price in the Fall, however, it will still be 6-9% higher than the beginning of the year.

With so little on the market, I feel pressured to make a quick decision for a huge purchase.

I get it, this market is moving quickly and at no point am I saying to settle on a home. However, really try to trust your gut and try to decide on your must-haves vs. wants as soon as possible. What can you definitely have to and what is nice to have but you can live without? Additionally, try to get rid of the preconceived notion that you have a look at a lot of homes to find the one. I cannot tell you how many times, homebuyers have found their dream home within the first few homes but felt the need to look at others. Unfortunately, the market is moving quickly and often time that dream home goes under contract quickly and you spend months looking for something similar (to only face an increase in home prices).

We are in a very competitive seller’s market but there are plenty of opportunities for Denver homebuyers to win. IF you are a buyer that was looking through the fall/winter and now see this sudden, abrupt change in the market, please know this is very typical of the Denver real estate market. The quicker you can wrap your head around the change and set new expectations, the easier the home-buying process will be for you.

Denver homebuyers, feel free to reach out to Liz for a more detailed analysis of the current real estate market.

Liz is  broker and owner of Liz Daigle Realty.