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Is Denver, CO a Good Place to Buy a Home? | Real Estate Market Update - September 2023

Denver, Colorado Real Estate Market Update Average sales price: $690,748 Down 0.25% from July 2023 Up 4.88% over August 2022   Detached: $782,462 Attached: $482,651   Inventory: 6,858 Up 8.87% over July 2023 Down 1.17% from August 2022   Sold homes: 3,792 Down 2.02% from July 2023 Down 16.11% from August 2022   Average days on the market: 26 Buying or selling a home in the Denver, Colorado area? Contact Courtney Murphy. Courtney is a Denver Realtor and long-time resident with experience in both resale and new built home sales. Courtney Murphy Realty ONE Group Platinum Elite 720-476-0370 [email protected]. #denverrealestate #denvercolorado #coloradohomes Time Stamps: 00:00 Intro 00:15 Average sales price of homes in Denver, Colorado area 00:45 Average sales price of a detached home in the Denver, Colorado area 00:57 Average sales price of an attached home in the Denver, Colorado area 01:05 Housing inventory in the Denver, Colorado area 01:54 Sold homes in the Denver, Colorado area 02:10 Average days on the market in the Denver, Colorado area 02:10 Price your house right 03:28 Is the Denver, Colorado area a good place to buy a home? 05:29 Buy a new built home to save money on interest rates. 07:26 Call Courtney to find your dream home in the Denver area today! Colorado offers a wide range of reasons why people love living there. The state is known for its stunning natural beauty, with majestic mountains, breathtaking landscapes, and abundant outdoor recreational opportunities. Whether it's skiing, hiking, mountain biking, or simply enjoying the scenic views, Colorado provides an outdoor paradise for nature lovers. Additionally, the state has a vibrant cultural scene, with thriving arts and music communities in cities like Denver and Boulder. Colorado also boasts a healthy economy and job market, with diverse industries such as technology, aerospace, energy, and tourism. The quality of life in Colorado is often cited as a major draw, with a strong sense of community, excellent schools and universities, and a generally high standard of living. Overall, the combination of outdoor beauty, cultural vibrancy, economic opportunities, and quality of life make Colorado an attractive place to call home. Why is important to price your house right It is important to price your house right because it can significantly impact the success of your home sale. Pricing your house too high may deter potential buyers and result in a prolonged time on the market, while pricing it too low could mean leaving money on the table. Here are a few reasons why pricing your house right is important: 1. Attracting buyers: A well-priced house will attract more potential buyers, increasing the chances of receiving multiple offers and potentially selling for a higher price. 2. Reducing time on the market: Overpricing your house may lead to it sitting on the market for an extended period, which can be frustrating and may give the impression that something is wrong with the property. 3. Maximizing profit: Correctly pricing your house can help you maximize your profit by ensuring that you receive fair market value for your property. 4. Appraisal concerns: If you need financing, an overpriced house may not appraise for the agreed-upon purchase price, causing complications in the transaction. To determine the right price for your house, it is recommended to consult with a real estate agent who can provide a comparative market analysis based on recent sales of similar properties in your area. Planning to buy a new home in the Denver metro area? What is The Cost of Building a New Home in Denver, Colorado? Often times the base price can be deceiving as the final purchase price of a home can often end up hundreds of thousands of dollars more than the base price. So what are the costs that go into building your new home. In my video (link below) we will be looking at those costs including, elevation, lot fees, basement type, structural options, electrical options and design options. Also, you will want to budget for items that you don't get in your new home like landscaping, window coverings, fencing, etc. If you are moving to Colorado or planning to buy a new home in the Denver area, this video will guide you in the cost of building a new home. Check it out:    • What is The Cost of Building a New Ho...