Fortunately, my office meetings aren’t like that. One of the reasons I moved to Your Castle is because they’re widely considered the local experts in the Denver Metro real estate […]
Fortunately, my office meetings aren’t like that. One of the reasons I moved to Your Castle is because they’re widely considered the local experts in the Denver Metro real estate market. We don’t waste time with the corporate clap-fest and weekly prize winners, our sales meetings are chock full of market data, which lays out current trends for home buyers and sellers based on our proprietary algorithms. Pie charts, line and bar graphs help visual learners like me comprehend the subtleties in our market. Basically, I work with the numbers geeks. Today I’m speaking to buyers:
The National Association of Realtors (NAR) ran a study recently to determine the three year home equity gain/loss statistics for the 30 largest U.S. cities, ranking from largest average loss to largest average gain in home equity. The usual suspects like Las Vegas and Los Angeles have been among the poorest performers, no surprise there. But when I pull out the charts and graphs (you can have one, too) my clients are shocked to see that metro Denver has had the HIGHEST HOME EQUITY APPRECIATION OF ANY OF THE TOP 30 U.S. CITIES FOR THE PAST THREE YEARS! Those of us who stalk the market were not surprised by this, but for those who don’t, it has come as a most welcome surprise. As hard as it is to believe, Denver is in the middle of a robust, even historical, real estate recovery that is leading the nation. Bet you never thought you’d hear that in 2009.
Of course no one has a crystal ball… or maybe they do but it’s not tellin’. Prices will go up and prices will go down, that much never changes, but there’s no denying the growth of confidence in the housing market, more than we’ve seen in years. This confidence has my buyers excited to see what’s out there. If you’re curious and want to check out some homes this weekend, give me a jingle. I’d be happy to show you!