Jul 27, 2016

Denver Real Estate Market Update – July 2016



JUNE BRINGS BUYERS NEW LISTINGS OF HOMES FOR SALE


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According to the latest data from REcolorado, June saw an increase in the number of homes for sale in the Denver Metro and surrounding area, thanks to sellers bringing new listings to the market.
Available home listings increased 22 percent from May, taking the number of homes for sale to 8,030 at June month end. Compared to this time last year, there are seven percent more homes for sale.
June’s increase in inventory was driven by sellers bringing new listings to the market. During the month, 8,248 single family homes were listed, 13 percent more than last month and 8 percent more than this time last year. The supply of inventory for the Denver metro and surrounding area remained at approximately six weeks.
Meanwhile, average sold prices increased three percent month over month, averaging $418,747.  Median sold price was $360,000.  Denver-area prices are up 12 percent over average prices in June 2015, demonstrating continued strong demand.  Despite continued price growth, homes spent an average of 20 days on the market in June, four days less than last month.

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“Colorado’s competitive housing market has not been a deterrent for home buyers who are coming to the market prepared to put contracts on homes nearly as quickly as they are available for sale,” said Kirby Slunaker, president and CEO of REcolorado. “Home sales have sustained their momentum, keeping us on pace with previous year’s sales.”
In June, 4,939 homes sold, which was a 10 percent increase over May.  Throughout the month, 7,220 homes went under contract, a two percent decrease as compared to May.

Market Insights:
  • Denver rental rates continue to be in the top twenty nationwide.
  • MLS searches are showing more price reductions as the number of active listings increased, giving buyers more choices.
  • Mortgage rates have plunged to the lowest level in three years in recent weeks as the Federal Reserve reacts to Brexit (Source: Freddie Mac).
  • Demand for U.S. real estate is likely to rise (Source: NAR).
  • Top counties for sold homes in June: Denver (1,633); Douglas (1,354); Arapahoe (1,204); Jefferson (1,168).

Let the Bandy team help you with all your real estate needs! We will guide you through all phases of the home selling process in Denver.  Our home purchasing experts can show you lovely homes in Stapleton, homes for sale in Denver Highlands, and help you with buying real estate in Washington Park. Contact us for a no-obligation consultation and our trusted professionals will be there to help you every step of the way!

Until next time,
Marianne Bandy, Team Leader
The Bandy Team
 Keller Williams Park Meadows
720-466-3790


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Jul 25, 2016

Does Color Matter When Selling Your Denver Home?


Selling your Denver home is more than just putting a sign on the front lawn and listing it for sale. Those are just the things you do to get the potential buyer to come and look at your house. What they see once they get there is what will make or break the sale. The key is to find a way to entice that potential buyer to purchase your house without you spending a fortune in the process.


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Color has the ability to affect one’s mood and can influence a potential buyer whether they ultimately decide to purchase your home or not. If you have the right home color and the perfect staging, you may sell your house faster and spend less money than undergoing a huge renovation or upgrade.
You will need to find a color scheme for your ceilings, walls, and floors. Potential buyers will likely want clean palettes that work well with the home. Try to continue your themes throughout the house so you don’t go from a soft gentle tone in one room to a dark dreary tone into the next. That may be confusing and can prevent a connection between the house and the potential buyer. For flooring, try to avoid very light or very dark colors. Mid-ranged colors work best to appeal to more buyers.
Don’t forget as well to focus on the staging. Complement the colors you used on your walls and floors to the design of each room through the use of rugs, pillows, wall décor, and other accessories. Utilizing neutral colors while adding a splash of design into each room will allow you to appeal to a wider audience. This gives you the best chance to sell your Denver area home quickly.
Let the Bandy team show you other ways to prepare your home and sell it quickly! We will guide you through all phases of the home selling process in Denver.  We can also help you with home staging tips to help you get started. Our home purchasing experts can also help with buying real estate in Washington Park, homes for sale in Cherry Creek, or lovely homes in Lowry. Contact us for a no-obligation consultation and our trusted professionals will be there to help you every step of the way!



Until next time,
Marianne Bandy, Team Leader
The Bandy Team
 Keller Williams Park Meadows
720-466-3790


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Jul 19, 2016

Stonegate Village in Parker, CO - Offers Something for Everyone



Stonegate Village is located next to Parker, Colorado, southeast of the metropolitan Denver area, and provides easy access to I-25. Major employers are located just to the north in the Meridian and Denver Tech Center office parks. The community was built in the early 1990’s, and provides different levels of living to meet every resident’s needs. You will find everything from single-family homes with lots of space to townhomes or condominiums with little upkeep. Home prices start in the $300,000 range and go up to over $800,000.

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Residents of Stonegate Village in Parker are able to take advantage of the community’s many tennis courts, swimming pools, two community centers, and many more amenities. Education is important to those in this community, and students attend Douglas County Schools, which are known to offer top-notch education. The community is filled with walking paths and parks that provide a lot of open space. Chaparral High School and Sierra Middle School serve students of Stonegate Village along with Mammoth Heights and Pine Grove Elementary Schools.

Are you ready to get started finding your dream home in Parker? At Bandy Homes, we will guide you through all the phases of the home buying process in Parker and its surrounding communities, whether it’s Stonegate Village Homes & Real Estate, or a wide variety of lovely homes in Stroh Ranch. If you have a home to sell, we can help you with automated Parker Home Value estimates to get you started. Our trusted professionals will be there to help you every step of the way!

Curious about the value of your Denver home?



Until next time,
Marianne Bandy, Team Leader
The Bandy Team
 Keller Williams Park Meadows
720-466-3790



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Jul 13, 2016

3 Reasons You Shouldn’t For Sale By Owner in Denver


Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and Internet searches, many home sellers think that they can save money by doing For Sale by Owner or FSBO. Having a Realtor in your corner is more important than ever due to the hot market & growing complexity of real estate transactions as more and more regulations are put into effect.
Here are the top reasons to hire a real estate professional to sell your metro Denver home:

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  1. Exposure to Prospective Purchasers and People
Recent studies have shown that 88% of buyers search online for a home. That is in comparison to only 21% looking at print newspaper ads. Professional real estate agents will have a proven Internet strategy to promote the sale of your home. Do you? The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong Internet strategy that includes social media is crucial.

  1. What do you do with all this paperwork?
Each state has different regulations regarding the contracts required for a real estate sale, and these regulations are constantly changing. The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 9% over the last 20+ years. You may be leaving yourself open to legal issues if it’s not done right.

  1. Do you know what’s really going on in the market?
There is so much information out there on the news and the Internet about home sales, prices, and mortgage rates. How do you know what’s going on specifically in your area? Who do you turn to in order to competitively price your home correctly at the beginning of the selling process? How do you know what to offer on your next dream home without paying too much, or offending the seller with a low-ball offer? Hiring an agent who has their finger on the pulse of the market will make your buying/selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.
Also, it is important for your home to be priced correctly from the start to attract the right buyers and shorten the time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. Get the most out of your transaction by hiring a professional.

  1. Negotiating Expertise Required
From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 people that you will have to be knowledgeable with and answer to, during the process. Do you have the expertise and negotiating skill to deal with all of these?

       Bottom Line
Before you decide to take on the challenges of selling your house on your own, sit with a real estate professional in your marketplace and see what they have to offer.

Are you thinking of placing your home on the market? Let us give you some Tips for Selling Your Denver Home! At Bandy Homes, we will guide you through all phases of the home selling process in Denver. We can also help you to get started on relocation by showing you some terrific homes in the Castle Rock area, including real estate in Founders Village and a wide variety of gorgeous homes in The Meadows. Our trusted professionals will be there to help you every step of the way!




Until next time,
Marianne Bandy, Team Leader
The Bandy Team
 Keller Williams Park Meadows
720-466-3790




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Jul 8, 2016

Reasons To Buy Your Denver Home This Summer


The housing market in many areas of the country remains hot this summer season. Here are 3 great reasons to consider buying a home now instead of waiting.

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  1. Home Prices Will Continue to Rise
According to Core Logic’s latest Home Price Index reports, home prices have appreciated nationwide by 5.9% over the last 12 months. It was also predicted in the same report that prices will continue to increase at a rate of 5.3% over the next year. The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects that for the next 5 years, home values should appreciate by more than 3.2% a year. Home values should continue to appreciate so waiting longer makes no sense.

  1. Projected Increase of Mortgage Interest Rates
According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year mortgage are currently around 3.5% and most experts predict that they will begin to rise over the next 12 months. Freddie Mac, The Mortgage Bankers Association & the National Association of Realtors are all projecting that rates would be up almost a full percentage point by this time next year. An increase in rates will impact your monthly mortgage payment and your housing expense will increase a year from now.

  1. Either Way You’re Paying a Mortgage
Households must have housing whether they own or rent. Homeowners pay debt service to pay their own principal while households that rent pay down the principal of a landlord plus a rate of return. If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings. Consider looking at the reason why you are buying and decide whether it is worth waiting. More important than the season is your own personal timetable. The best time to buy is when you find the perfect house and you can afford it. As a bonus, you will have a tax deduction on the interest you pay each year.

At Bandy Homes, we will guide you through all phases of the home selling and home buying process in Denver.  Whether it’s a real estate in Washington Park, homes for sale in Cherry Creek or lovely homes in Stapleton. We can also help you with Denver local area information to help you get started learning about the Denver Metro area. Our trusted professionals will be there to help you every step of the way!



Until next time,
Marianne Bandy, Team Leader
The Bandy Team
 Keller Williams Park Meadows
BandyHomes.com - Denver Real Estate & Homes
720-466-3790




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Jul 6, 2016

Historic Highlands Ranch in Colorado




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If you are looking for an environment friendly community that promotes and encourages green living, then Highlands Ranch in Colorado is the perfect place to buy a home in the Denver area. The Highlands Ranch Metro District encourages environmental accountability. They have taken the initiative to conserve resources at their level and offer options for the community to be accountable as well. This planned community is committed to conserving resources and helping the community as a whole to live responsibly. Highlands Ranch was voted in the top 100 of best places to live by Money Magazine, recognized by Forbes as a top place to move in the US and Business Week named Highlands Ranch one of the best places to raise children.
You could never go wrong buying a home and raising a family in Highlands Ranch, with the many things it can offer for all ages and walks of life. Being very near the Denver Metro area offers the big city close by for fun and employment opportunities. The new Outback development gives you the feel of a rural western setting, with its permanent open space areas for natural habitats and wildlife right in your backyard. Highlands Ranch has three community garden areas where you can enjoy gardening and sharing of the fruits of your labors with other members. This community offers so many varied things to take part in that no one should ever be bored or uninvolved.
The area also offers the Highland Ranch historic mansion (pictured above) where you can book events and tours or just enjoy the beauty and history.
If you’re interested in buying a home in Highlands Ranch, the Bandy Team would be excited to help you settle into this amazing, top rated area. We would also love to show you terrific homes in Littleton. If you are thinking of selling your house, we can help with suggestions for staging your home, as well as tailoring a unique marketing plan for you.
Whether you are upgrading or downsizing, we can find you the perfect home. Our trusted professionals will be there to help you every step of the way!
Curious about the value of your Denver home?


Until next time,
Marianne Bandy, Team Leader
The Bandy Team
 Keller Williams Park Meadows
720-466-3790

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