March 2012
The Slifer Report Featured Listing
City-Close Market Snapshot
Park Place #515
Denver’s Home Prices are (still) Increasing Denver is the third-most prosperous market in the US, according to the Case-Schiller Index. Every month, Denver home prices continue to reach upwards, and Detroit and Phoenix are the only other cities in the US with positive trends as well. Good news for sellers, for sure. •
Prices Up. There was a 3.07% average price increase just since April - and 10.45% since this time last year.
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Inventory Down. There is 40.79% less inventory right now than there was a year ago. Numbers wise? That’s roughly 7,000 less properties.
Lindsay’s Take
Inventory? What Inventory? The question my clients have been asking me most frequently these days is “Where are all of the properties?” It’s a question that doesn’t have a This contemporary, urban, light-filled loft in Denver’s most sought-after neighborhood is situated steps away
simple answer. Many homeowners who may be looking to sell are cautious about the current positive state of the
from everything. Bright and open with one bedroom,
market and thus, don’t feel like they’re going to get a fair price for their home... hence a distinct lack of listings. The great news, though, is that
one and a half baths, great closet space and a large kitchen with stainless steel appliances, this home truly
those wary homeowners are gradually warming up and more inventory
captures the pulse of downtown life. welcome home! $410,000.
is being seen, slowly but surely. My tip: be patient. It might take a bit longer to find that perfect home, but it’s out there.
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Contact Tanya Heller at 303.927.8867
Contact Lindsay McBride at 303.618.3622
What We’re Seeing Now
At Home
Around Town
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Flexibility and long-term planning are bigger factors for buyers as of late. Even
Every Sunday from June 3rd through August 5, City Park is overtaken by jazz
with the market picking up, buyers are
lovers. Bring a blanket, some friends,
thinking about the potential usage of their home’s spaces much further into
and some food and listen to some of the best jazz in town. For more info
the future.
visit cityparkjazz.org
www.sliferdenver.com