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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

“Drew made this experience of selling/buying so easy. I had a lot of anxiety-filled emotions regarding the whole process and he once told me, “That’s why I am here (to lessen your worries)”.”

Kirstin H. and Karen C.

“Drew is a great communicator! He tells you the truth about everything and his style is sincere and direct.”

Dave and Sheila S.

“We really enjoyed working with Drew, he was very patient with us and at no point did we feel under presser to make an offer. Drew was very knowledgeable about the areas where we were looking and he very quickly understood our wants and needs. I would highly recommend Drew to friends and family he was a pleasure to work with.”

Martin and Kim W.

“Drew is the ultimate professional. He gave us great advice and guidance as we were preparing to sell our home. We were treated with the utmost respect and he was quick to respond whenever we had questions.”

Jean M.

“Drew is Fantastic! He took the time to listen and understand our; wants, needs and style of house we were looking for. He has great insight and poised questions that we had not considered which we appreciated. Drew was a delight to work with, very flexible and accommodating to our schedule. I would work with Drew again in a heart beat and would recommend him to anyone searching for a home.”

Erik and Miriam H.

“Drew was an invaluable resource for me in my home sale and purchase. He was helpful, knowledgeable and supportive. I would highly recommend him to anyone looking for a new home.”

Tracy S.

“Drew was great to work with. He came highly recommended by my co-workers. This was my first home-buying experience and he made the whole process run smoothly. I felt he really listened to me and what I was looking for and only showed me condos that met my criteria. He was very good about keeping me updated and easy to get a hold of any time I had a question or concern. He was there through the financing and actual signing. Not only was he professional, but he is also a genuinely nice guy who …

Eva S.

“I cannot say enough great things about working with Drew to sell my townhome and buy my new home. Drew is friendly, easy going, not only listens to what you want but hears you – numerous times in my search he noted a home didn’t have one of my non negotiable requirements as I tried to talk myself into a house. But with Drew’s guidance, at the end of a long search, I found my home and I could not be happier! Thanks Drew!”

Sarah S.

“Drew was our Realtor in 2008 when we sold our home. We were very impressed by his knowledge of the market and honesty. This is why we asked Drew to help us in our search for a home this year. My wife and I had very specific criteria for a home. In his introductory paperwork that he provides you when starting a search, he states that he is willing to help you as long as it takes to find the perfect home. Well, he lived up to this statement! Drew was patient and willing to look at all the homes…

Eli and Letty M.

“Drew was patient and listened to our needs. He gave us important information and advice to make an informed decision. He looked out for us even up to our very closing day…and even after we can continue to ask him for help finding contractors or other repair persons.”

Astro and Elsa M.

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