Real Estate Market Results for January 2014

Real Estate Market Results for January 2014.

2014 has started off with a new record set for market inventory. The active housing inventory level for January 2014 decreased down to 4,592 for detached residential units and 1,116 attached residential units. When a significant reduction in inventory occurs within a market, typically upwards pressure on pricing is noted and multiple offer situations begin to arise.

January 2014 was no exception to this common occurrence. Average sold prices were up by double digits in both detached and attached dwellings, to $336,375 or 11.4% and $195,366 or 14.4% respectively for the Denver Metro Area.

Here are the highlights for January 2014 for the Denver Metro Area:

Detached Residential active 4,592 units, down -21.3% form January 2013.
Attached Residential active 1,166 units, down -7.5% from January 2013.

Detached Residential under contract up 31.3% from December 2013.
Attached Residential under contract up 54.0% from December 2013.

Detached Residential MSI sits at 2.6 months, up 2.7% from January 2013.
Attached Residential MSI sits at 2.0 months, down -3.2% from January 2013.

So how do you think your neighborhood is doing? Get your Free Real Estate Market Report  for Your specific neighborhood by adding your zip code to the link. Call the Hoffman Home Team with any questions.

Heidi Hoffman ~ Hoffman Home Team ~ 303-949-9770 ~ Keller Williams Realty

Real Estate Selling Professional

Hire a professional to sell your home. The real estate market in the Denver Metro area is improving month over month while the inventory is still low. Hire a professional that knows what is going on in the real estate market. We offer a Free Market Report specific to Your Neighborhood.

The Hoffman Home Team was established on one basic belief: that our job isn't work with brick and mortar and pieces of land, but with people who buy and sell their homes through us. But first, last, and always, people.

Our philosophy hasn't changed. We believe that our success is based entirely upon our ability to satisfy people's real estate needs. We listen to what you want and need.

Real estate is our passion. It is what makes us get up and going each morning. We make every effort to ensure you & your family is confident and comfortable throughout the home selling or buying process.

We definitely understand that real estate is a family business. It is all about helping our clients. We are here to help whatever the situation. Hire a real estate professional that will work for you and your specific needs. Call us today!

Heidi Hoffman ~ Hoffman Home Team ~ 303-949-9770 ~ Keller Williams Realty

Real Estate Market Update for Adams County December 2013

Real Estate Market Update for Adams County - December 2013

       - 16.2%                         + 15.9%                               + 13.8%

Change in New Listings                    Change in Sold Listings                                 Change in Median Sold Price*

                                                                                                               December           Year to Date (YTD)

	2012	2013	+ / –	2012	2013	+ / –
Active Listings	713	763	+ 7.0%	--	--	--
Under Contract Listings	402	510	+ 26.9%	6,613	8,669	+ 31.1%
New Listings	376	315	-16.2%	7,247	8,267	+ 14.1%
Sold Listings	433	502	+ 15.9%	5,938	7,191	+ 21.1%
Total Days on Market	62	54	-13.3%	63	45	-28.1%
Median Sold Price*	$184,500	$210,000	+ 13.8%	$175,000	$202,838	+ 15.9%
Average Sold Price*	$199,043	$238,049	+ 19.6%	$193,402	$220,991	+ 14.3%
Percent of Sold Price to List Price*	99.4%	98.9%	-0.5%	99.3%	99.6%	+ 0.4%

* Does not account for seller concessions and/or down payment assistance.
        
If you are interested in finding out the real estate market stats for a specific area, just add the zip code here: Get Free Access to Real Estate Market Data

Do you want to see what your home would sell for in today's Real Estate Market? Call The Hoffman Home Team for a Free Market Analysis of your home

Heidi Hoffman ~ Hoffman Home Team ~ 303-949-9770 ~ Keller Williams Realty

When it comes to Selling Your Home.....

When it Comes to Selling Your Home....NOW Is The Time To Make A Break For It!

Are You Looking To Get Out of Your Current Home? No One Goes Further When It Comes To Selling Your Home

The Hoffman Home Team was established on one basic belief: that our job isn't work with brick and mortar and pieces of land, but with people who buy and sell their homes through us. But first, last, and always, people. 

Our philosophy hasn't changed. We believe that our success is based entirely upon our ability to satisfy people's real estate needs.

Real estate is our passion. It is what makes us get up and going each morning. We make every effort to ensure your family is confident and comfortable throughout the home selling or buying process. 

We definitely understand that real estate is a family business. It is all about helping our clients.


SELL Your Home with The Hoffman Home Team Today! 303-949-9770
Heidi Hoffman ~ Hoffman Home Team ~ 303-949-9770 ~ Keller Williams Realty