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Denver Market Update

Denver Market Update

Real Estate News – November 2020

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

  • The increase in average home price (see chart at the bottom) is mostly due to the large number of luxury homes that have sold this year. We expect fewer high-end homes to sell next year, which will decrease the average home price in the metro area. Don’t be fooled by the headlines!
  • It’s important for buyers to narrow down their search criteria so they’re focused on what works for them, not everything on the market. Sometimes it takes a few showings to help find this clarity.
  • Sellers are still very much in control of the market due to the lack of inventory and high demand. That said, it’s important that your home is staged and shows its best in order to maximize buyer demand.

Here are the details:

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Testimonials

“Drew was extremely professional, well organized and efficient. He has a top notch support team, which makes the buying and selling process a very positive experience. Most importantly he takes ownership in what he does and treats your worries and concerns like his own. He is so knowledgeable, that he has a very calming influence, in what is usually a tumultuous process. These are only a few reasons why Drew is in the Top 2% of agents nationally. Thanks for all you did Drew, I really had fun w… Read more

Mike D.

“Working with Drew was a little piece of home sweet home: comfortable, familiar, safe and exciting! My husband and I were very new to the home buying process and in this market, we needed someone whose expertise would deliver us fast results while ensuring we felt secure in our decision. Drew provided both of these things and THEN SOME.

Shopping for a home with Drew was always a positive experience. Not once did we ever feel pressure from him to make a decision which was a relief because this ma… Read more

Tiffany and Casey C.

“It was nice to have a Realtor I felt comfortable with. I even received compliments on his professionalism from my buyer’s Realtor.”

Jenn C.

“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.

“From beginning to end, I felt like Drew did everything I could ask for and more. He gave me great advice and answered all my questions I had along the way. Drew made buying a home so much easier than I had expected. He provided top notch expertise in a friendly, easy to talk to manner. I highly recommend Drew.”

Laurie F.

“Working with Drew made the house selling process quite painless. He is very easy to work with and makes himself available at all times. He constantly kept us updated on the market situation in our area and always followed up. There was always constant communication, which is very important to me. I have worked with many Realtors in the past and Drew is by far the best of the best. Honestly, you can stop reading reviews. Contact Drew, I PROMISE you will not be disappointed.”

John and Kristin W.

“From start to finish, Drew made the home purchase process painless. His knowledge of the markets and the process, coupled with his can-do attitude truly won me over.”

Larry R.

“Drew made the process of selling my place easier than I could’ve imagined. Two months from listing to closing the sale… I call that impressive.”

Steve R.

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.

“Drew was extremely helpful and knowledgeable with helping us find our first home. The market is difficult to navigate right now as a buyer, but honestly, our experience was very smooth. Drew was prompt with everything and kept us updated on the whole process and answered questions before we even thought to ask them. Thanks, Drew.”

Amanda and Nathan E.