As we start the real estate season, many friends are asking me what do you think 2017 will bring to our local real estate market? My response is that since the Broncos are not in the playoffs, the market will start off even stronger than last year because more buyers will be in the market shopping sooner. We have seen that with
some multiple-offer situations already in January. Homes that are priced well and show well will command this type of attention.
On a national scale, re-sale home sales have been fantastic with three straight months of growth near the end of 2016, and 5.6 million homes sold nationwide for 2016. Sales of new homes represent about 10% of the market. The Denver market had another solid year with 43,874 single family homes selling and a 8.67% increase in home value from 2015. This single digit growth is actually excellent in terms of affordability. We could not sustain another double digit growth year.
To learn about your home’s current value or to start shopping for your next home, visit www.TheMargolisTeam.com. Our office is located right next to the Brighton Post office by Valley Bank and our Westminster office is located by The Ranch Country Club on Pecos. Brian and his team look forward to serving you with all your real estate needs.