The Denver real estate market was so hot in the 1st quarter of 2017 that home buyers grabbed up properties in Denver faster than anywhere else in the United States!
The reason the Denver real estate market is so hot according to a new report from the Refin real estate website states that Millennials who are looking for a lower cost of living are relocating to the Denver area. The weather, jobs, skiing and the mountains are also incentives for many people to move to Colorado.
The Denver real estate market for 2017 does not show any signs of weakening in this growth area. In fact, the real estate “boom” continues.
Currently jobs in the technology area, renewable energy companies and a new Amazon fulfillment center are good examples of what is contributing to the demand for housing properties in the Denver area.
In April, the Denver real estate market average sold price for a single family home was greater than $470,000. In addition, homes under contract were up by 11% and inventory increases were up almost 16%. All these statistics are good indicators that a strong housing market in Denver is going to continue for the near future. Now is a good time to evaluate your real estate needs. Consult a realtor to take advantage of this hot market!
Buyer’s Best Choice agents are well-positioned to help you manage through this explosive market. Often times there are bidding wars and multiple offers made on houses that are currently on the market. Buyers and sellers both can benefit from the knowledge of these agents who are very competent and can help you through the buying or selling process in the Denver area. Please contact us so that we might be able to assist you as you determine your real estate needs.