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2015 was a banner year for Denver Real Estate

2015 concluded as one of the best real estate markets Denver has ever seen.  By any metric possible imaginable the Denver area has excelled and become one of the most attractive real estate markets not just in Colorado but in the whole country.  With the low supply and high buyer demand in the current market the positive trends exemplified in 2015 may continue well into 2016 and beyond.

In the past 12 months Denver real estate has appreciated a whopping 14 percent.  With this type of value increases many sellers are experiencing record rates of return while buyers in some markets are still scrambling to get homes in contract.  In the metro area over 55,000 homes were sold in 2015 with a total sales volume of around $20 billion dollars (+14.5% vs 2014).

Tight supply of homes coming to market is one of the largest drivers of Denver’s appreciating market.  At the end of December the number of, “active” homes available for sale in the metro area were 4,384.  In the last 30 years the average number of homes for sale at this time has been 13,869 homes for sale.  This 300% decrease in inventory from the thirty year average has helped many sellers experience rates of return.

Demand for housing in the metro area is another driver of this great real estate market.  Rents are at historically high rates in the metro area and many renters are finding it is cheaper to buy than to rent.  With interest rates promising to rise in the coming months and year many buyers who had previously been on the fence are also deciding to lock in lower 30 year rates now before it is too late.  With its legalized marijuana, a favorable business environment, and many other best in class attractions and draws Denver has consistently been one of the top 10 metro areas to move to for many years.  In many markets and price ranges in the metro areas all of these factors have led to bidding wars and multiple bids on properties.

The average time a home or condo took to sell in the metro area in December was 40 days.  There are areas within central Denver that many homes coming to the market are only being marketed less than a week before analyzing competing bids.  Overall, the $300,000-$400,000 real estate market had the most sales in 2015 with 11,754 homes sold.

 

*Housing statistics from Denver Metro Association of Realtors.
*Housing statistics include all residential sales within Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park Counties.

Testimonials

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If you want a genuine, hard-working, responsive agent that will be truthful and knowledgeable, then Mathew should be your choice. He was patient with us as we looked at dozens of homes. He talked through the stress and excitement of buying a new home. We never once felt like we were dealing with a  "salesman" or person that was in it for himself. He was truly working, hard, for us. If he is available, we will always call him first for our real estate needs.

Kristen Hilkey

Matt sold our house very fast after it was put on the market. He said he would sell it and he did. I live in Memphis, but I had a house in Denver, Colorado. I gave Matt power of attorney to act on my behalf and he walked me through the whole process step-by-step. Matt stayed in contact with me  keeping me informed on a daily basis as to what was going on, and where were we were in the process, until the property was sold. Matt was very professional. I was happy with the results of his work. I would highly recommend Matt if you are looking for a realtor in the Denver area.

Mike Mathis

Highly recommend---I received good, friendly and punctual, service. I was under great financial pressure at the time Matt was very helpful. Also his office staff were likewise very good to work with --very professional and friendly.

Frank White

Matt is the man. He helped us find a great home in our price range in a very competitive market. A good, reliable bloke who goes the extra yard. Matt shared his honest opinion of houses and condos we looked which helped us make an informed decision. We will look to use Matt in the future for our  buying/selling needs.

Marty Chenery

If I could give him more than 5 stars I would! If you want to work with someone who has it all, then Matt is the Realtor for you. He has superior knowledge of the area, excellent negotiation skills, and always responds in a very timely manner. I recommend him to anyone I know and I will always  go through him in the future. Thanks again, Matt!

Sam Bassan

Matt is hands down the best you can find. He does not rest until he gets you the best deal possible. Through the entire process he will treat you like a member of his family, always putting you first and never letting you get into something that is a bad deal for you. He helped me purchase my first  investment property and his extensive knowledge of investment properties guided me to make smart decision! He is honest about what is and is not a good deal. Instead of being out for the best commission, he is out for the best deal/investment for you. His honesty and extensive real estate knowledge is unparalleled. If you are looking for an investment property, trust Matt to led you in the right direction and give you honest advice. Matt will keep fighting for you until the very end.

Canace Newby