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Denver Market Update

Denver Market Update

Real Estate News – October 2019

If you like charts and graphs, this one is for you!

20-second summary:

  • There’s more inventory now than there has been in years, but we’re only about half way to a “balance market”. That’s a long way to go, so…
  • …don’t sit back and try to time the market. A crash in prices like we saw in 2009 is highly unlikely to happen again anytime soon.
  • The market is still very strong but, as expected, it’s not as hot as it was the last few years.
  • The 2nd to last chart below shows what happens to real estate prices over time. THEY GO UP!
  • NOBODY knows exactly what will happen, but rest assured I’ll be tracking the data as it happens so you’ll be able to make the most informed choice possible.

Here are the details:

 

What do housing prices do over time? THEY GO UP!

 

Thank you!

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Testimonials

“We worked with Drew to purchase two investment properties this year. He took the time to meet with us and learn our investing goals and discuss what were our key items that we were looking for. Once we started looking at properties, he sent us daily updates of potential properties and made sure that we didn’t miss any properties that fit our criteria. During the negotiations and contract periods, Drew was fantastic in these areas. He is a skilled negotiator and was able to get the exact prices …

Stephanie and Joe M.

“My husband and I were very pleased with the service offered by Drew. He offered helpful information without being overbearing. The purchase of our new home in the mountains presented a variety of challenges that were new to Drew. Drew went above and beyond to help us resolve such issues in a timely and professional manner. Throughout the process Drew was straightforward and honest, wanting to represent us in the best manner possible. We will highly recommend him to family and friends.”

Scott and Tammy S.

“Drew’s communication and professionalism was excellent!”

Dan and Taryn G.

Drew met all our requirements and needs. He did not rush us into anything we didn’t like or want. Took his time to show us every house we wanted to see on our list. Has a very easy online program for listings to notify you of any changes. Awesome Realtor!!! Would recommend him to anyone I know. Thank you Drew!

Jake and Christina O.

“Overall, everything was great. You really made an effort to fully understand what we were looking for. I can’t really think of anything to improve on.”

Derek and Jessica L.

“Drew is a very comfortable person to talk to. He is very knowledgeable about the market. I think he did a great job of getting me into a home that I like and for a great price.”

Brett G.

“Drew helped my wife and I sell our Aurora home in June 2017. Drew took the time to explain the current housing market and he recommended a selling price that I believed to be too low. Drew explained by using his recommended selling price would increase the traffic of prospective buyers. Drew explained the range of offers he expected we’d receive and offered guidance on how quickly our house should sell given the market and the condition of our home. When our house went on the market, we had 14 …

Keith J.

“Best experience with home sales we’ve had. Drew priced our home perfectly, leading to a quick sale in a difficult market for the best price that we could have hoped for. Drew marketed our home aggressively online, and he regularly presented us with information on how much interest our online profile was receiving. When new appraisal rules threatened to subvert the sale of our home, Drew used every means at his disposal to guarantee a successful close. I never hesitate to recommend Drew to anyon…

AJ and Melissa R.

“Drew was professional, easy to work with and had great communication. What can I say?! He short-sold my money pit of a house in the blink of an eye!”

Chris F.

jpeg-3.jpg“We are so grateful that Drew was referred to us. We found him to be responsive, knowledgeable, and patient. He kept in constant contact with us during our search. Most importantly, once we made an offer he and his staff were so very helpful in each of the steps leading up to and including the closing. We would highly recommend Drew Schneider.”

Richard V. and Terry M.

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