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Denver Market Update

Denver Market Update

Real Estate News – April 2021

Here’s a quick summary of the Denver real estate market:

  • THERE IS NO BUBBLE. In fact, compared to the bubble of 2008, we have the exact opposite situation… no inventory and very high demand. The only thing that will balance the market is a significant influx of inventory. This will take time.
  • Rates are expected to increase some over the next year. This will not cause a drop in prices. Historically, it doesn’t affect sales volume much either.
  • Buyers need to have the right mindset and complete their “homework” before shopping for a new home. If you missed my video from last month, watch it here…
  • Sellers are still in control. Your Castle has created a “heat map” of the neighborhoods with the most homes selling over list price. You can download it here…

Here are the details:

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Testimonials

“Our experience with Drew was outstanding. He was very in tune with the local market as a whole, as well as our neighborhood and managed our expectations well. He took the time to go the extra mile with getting our house primed and ready and kept us engaged as we both bought and sold. He offered an informed perspective and helped ensure each decision we made was one we felt good about and understood. We would use him again in an instant.”

Jen M. and Mike D.

“Drew exceeded all expectations through the entire process. I was hesitant getting started, having had a negative experience in the past with other Realtors. Drew communicated realistic expectations, demonstrated patience and provided information and support for all of my questions and concerns. We faced several challenges with the seller in my purchase, during which Drew remained positive and professional and helped me work past their challenges. The experience working with Drew continues beyon… Read more

Dave R.

“Having just had a baby, my husband and I were anxious to sell our current condo and buy a new single family home. Drew helped us do just that in only a matter of a few months!! With Drew’s help we sold our condo in 9 days. He then notified us of several homes to look at through almost daily email communication. Either him or his awesome colleague Scott were always available to set up showings with us, and were patient while we searched for new home. Drew was there for us every step of the way t… Read more

Chris and Kim R.

“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 … Read more

Eva S.

“Drew was amazing. I felt at ease throughout the process. What I had in my mind as ideal but unattainable, Drew made a reality for me! At a better price than expected! I will refer all my friends and family to Drew as their needs arise.”

Trevor S.

“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.

“My wife and I were both very satisfied with the way Drew marketed and handled the sale of our home in Colorado. The entire selling process was professionally handled, particularly the difficult issues.”

John and Paula Z.

“This was our second transaction with Drew. He is extremely knowledgeable and professional. He kept us informed every step of the way. He streamlined the process so our stress level was greatly reduced. We will be using his expertise again and would recommend him highly.”

Dawn and Roy F.

I went through a house purchase that was not smooth. Many problems came up along the way. This was the 14th house I have bought in my life and I will say without Drew’s knowledge, instant response, and patience I don’t believe closing would have ever happened. If I ever purchase again he is the only one I will call.

Cal C.

“The process of closing was seamless. We didn’t even have to be in Denver. Excellent service!”

Jeremy and Dawn J.