The Kinslow Team

Upcoming Open House

Open House on Sat, Aug 24 11:00 AM in Centennial at 6656 S Pennsylvania ST

Price Reduction

Price Drop in Centennial at 6656 S Pennsylvania ST

Just Sold!

Just Sold in Aurora at 8881 S Catawba WAY!

Upcoming Open House

Open House on Sun, Jul 28 11:00 AM in Centennial at 6656 S Pennsylvania ST

Unlike a lot of our industry partners we are very uncertain about the market. This chart shows Green as the number of available listings and the Blue shows the Closed listings from 2014-2024. We have not had this number of listings available on the market in over a decade and as you can see the number of homes closing is coming down. This is somewhat being caused by the high interest rates slowing the buyer pool down BUT the number of closed homes has not changed a ton since 2014, there is just WAY more homes available to choose from and it is dropping prices so fast its almost unbelievable. The media is not reporting on this from what we can see so we wanted to get this information out to you all.

Now the good news is homes ARE still selling, they are just selling around 5-10% under market values from last year and probably down an additional few percent from the boom in 2021-2022. This is highly location based as some areas are down further and some hot areas are still up. So if you are thinking of buying you can now get a better deal if you can stomach the rates and if you purchased prior to 2021 you are probably still sitting on equity to be able to sell.

Upcoming Open House

Open House on Sat, Jul 6 11:00 AM in Centennial at 6656 S Pennsylvania ST

IN-LAW SUITE - Who has the perfect buyer for this home? This is a 1957 brick ranch with a beautiful, fully permitted addition. Located in Broadway Estates. It went Active yesterday at $725,000. MLS #8132340
The suite is approximately 500 square feet, with it's own entrance, it's own stackable laundry, large closets and, it's own upgraded bathroom with walk-in shower.

New on the Market

New Listing in Centennial at 6656 S Pennsylvania ST

Just Sold!

Just Sold in Denver at 3004 S Birch ST!

71% Increase in active listings is CRAZY! If you wanted to sell last year and waited until this year you will likely be disappointed in how much less you will be able to get for your home. Homes are still selling BUT they need to be priced well and should be expected to sit on the market for several months before selling.

MAY 2024 Statistics are available on the SMDRA website:

bit.ly/SMDRAMarketStats

New on the Market

New Listing in Aurora at 8881 S Catawba WAY

SENIOR COLORADO HOMEOWNER'S

THE SENIOR PROPERTY TAX EXEMPTION IS NOW TRANSFERABLE

Just Sold!

Just Sold in Denver at 19155 E 55th AVE!

New on the Market

New Listing in Denver at 19155 E 55th AVE

Just Sold!

Just Sold in Denver at 4630 Fairplay WAY!

Price Reduction

Price Drop in Aurora at 22622 E Narrowleaf CIR

Wow! 66% increase in inventory. Great for buyer's, competition for sellers. Even with all of the new choices for buyer's, buyer demand is down. I assume it's due to buyer's believing interest rates are too high and they are waiting for them to come down a bit. Ahh, today's young buyers have no idea how great a 7% interest rate is. Homes that are priced well are still moving quickly!

I spoke to two new home builders today with 30 year fixed rates at 4.55% for June move ins and 5.5% for July move ins.

Upcoming Open House

Open House on Sat, May 4 11:00 AM in Aurora at 22622 E Narrowleaf CIR

Just Sold!

Just Sold in Centennial at 6452 E Long AVE!

New on the Market

New Listing in Denver at 3004 S Birch ST

From ReColorado
Denver Metro Housing Market Heats Up in March with Strong Buyer Demand and Rising Prices
April 8, 2024
The Denver metro housing market continued its hot streak in March, with strong buyer demand pushing up sales and prices.

Competition Heats Up
Home buyers continued to enter the market at a rapid pace, with 4,343 new contracts signed in March. This represents an 8% increase compared to last year and a significant 33% jump from February. This metric, known as “homes pending sale,” is a leading indicator of future closed sales and suggests a busy spring selling season ahead.

Buyers are acting fast as the housing market becomes more competitive. Homes spent a median of just 12 days on the market in March, going under contract nearly two weeks faster than February. This highlights an increasing sense of urgency felt by buyers to secure a property before they are snatched up.

Prices on the Rise
The strong demand is translating into higher prices for sellers. The closing price of homes sold in March was 5% higher than last year and 3% higher than February. Homes priced above $1 million are in particularly high demand, contributing to the overall increase.

Strong Economy Fuels Buyer Demand
The strong demand is likely due to a combination of factors, including pent up demand continued strength of the Denver Metro economy. Low unemployment and healthy job growth are putting more money in people’s pockets and boosting their confidence to buy a home.

Inventory Levels Rise, But Remain Tight
While buyer activity is surging, there is some positive news for those hoping to purchase a home. The number of new listings added to the market inched up slightly compared to last year and saw a more substantial 18% increase from February. This trend has continued year-to-date, with 11% more new listings coming onto the market compared to the same period in 2023.

This increase in new listings has helped boost overall inventory levels. At the end of March, there were 47% more active listings available compared to last year. However, with buyer demand so strong, it’s likely these homes will continue to move off the market quickly.

Upcoming Open House

Open House on Sun, Apr 14 01:00 PM in Aurora at 22622 E Narrowleaf CIR

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Just Sold!

Just Sold in Parker at 17065 Wellington DR!

Doing a home improvement project and want to donate/recycle. Here's a place you might want to check out. https://www.budswarehouse.org/service/donations/?fbclid=IwAR1RF93wr-XoeIv0eSYztRgZh4-v-ZiU5hH2jh5CsKGjpXFc9Ttp9DyXV18_aem_AbGpy67vspQA7PbOOHLaBDr33RrHmvFS4uHCxnTeP3nFlpa58Y9ZEmhy021isQDYZhTaV76lo14FAkIhx7GqIucn

Donate Home Improvement Items donate home improvement items to Bud's Warehouse

New on the Market

New Listing in Denver at 4630 Fairplay WAY

Upcoming Open House

Open House on Sun, Apr 7 01:00 PM in Aurora at 22622 E Narrowleaf CIR