- A Thriving Colorado Real Estate Market
Our market continues to be quite healthy, and part of that is because Colorado is a great place to live. Here is a recent excerpt from the Denver Post:
Colorado continues to rank as one of the top places to live, drawing interest from potential buyers. As shown in a recent study by New York-based Kisi, Denver ranked No. 13 out of the 40 best cities to live in for a healthy work-life balance. This is an incredible feat. While more companies are starting to call the Mile High City their home, the culture is continually positive in making sure those living here are able to enjoy the dreamed-about lifestyle. Also, Denver and Colorado Springs were highlighted in U.S. News & World Report’s “Best Places to Live 2019,” and many metro areas dominated SmartAsset’s list for the best housing markets for growth and stability, with Boulder holding the No. 1 spot.
- Great Investment Opportunities
With a thriving local real estate market comes the opportunities for investors to capitalize on the market and add investment properties to their financial portfolio. Front Range investment properties benefit from an equally thriving rental market. Denver ranks #3 on Zillow’s Top Ten Housing Markets. Our region has a stable economy and available jobs. And rental prices have had double-digit increases over the last 12 months. The right investment purchase can pave the way for retirement, paying for college tuition, or just extra passive income. If you’d like to add to your current investment portfolio or are curious about how a real estate investment could work for you, please reach out to me.
- Continued Low Interest Rates
For the past few years (almost a decade now) we’ve all enjoyed the benefit of historically low mortgage rates. They are still hovering near all-time lows. Low interest rates allow a buyer to maximize their purchase potential and ultimately make the cost of home ownership more affordable. It helps investors to maintain lower costs and better potential cash flow. At 8z Real Estate, we work with an amazing and highly qualified team of loan officers at 8z Mortgage that can offer assistance.
- Being an Agent at 8z Real Estate
This is a bit of a shameless plug for the great company I work for, but it is worth mentioning how thankful I am to be a part of 8z Real Estate. 8z Real Estate is a residential brokerage that empowers buyers and sellers with unmatched market data and online tools, combined with the knowledge and expertise of local professionals on the ground. Each Realtor specializes in a specific community, in order to become a true neighborhood expert.
- You: My Friends and Clients
Not a day goes by that I don’t appreciate my great friends and loyal clients whom I’ve had the pleasure of helping with their real estate needs and dreams. It’s what makes being a Realtor so rewarding.
With that, thank YOU and Happy Thanksgiving!
A Refreshing Look at the Question “What is my House Worth?”
Let’s take a look at some of the stats for our area to get a better idea of what is going on in the local housing market!
In El Paso County for October 2019, the average sales price* was:
- $430,000 for Single Family Homes (up by 10% from 1 year ago)
- $226,500 for Condos/Townhomes (up by 7.9% from 1 year ago)
I have access to detailed stats across Colorado and can help you find out the worth of your property any time. I can also help you determine what your home is worth even if it’s in a different area. As always, I am here for you. If it’s time for you to buy or sell, let’s talk.
*Median sales price based on a six-month moving average