Tag Archives: fall real estate trends

Thinking Denver? Why consider the community of Applewood?

 

 Maple Grove Reservoir in Applewood

Beautiful Maple Grove Reservoir in Applewood

 

The Outdoors are waiting with Ranch Style homes for sale in Applewood

This week we dive into what will be a series of posts showcasing Denver. Each week we will focus on the recent activity in each of the specific neighborhood searches found on DenverHomesMarket.com under the ‘Denver Neighborhoods’ tab. The first on the list is the community of Applewood. Before we get into the numbers on the graph way down there, let’s discuss why Applewood? I mean why, out of all the wonderful places that Denver has to choose from, why consider moving to Applewood? Well that all depends on what you consider important to you and where you want to live.

Not too close or too far

If you love being close to the city of Denver but not too close to a heavy population, this is the ideal location for you to buy a home for sale near Denver. If you love parks and recreation ,click here for the top Parks and forests near Applewood and, if you love hiking and biking trails look no further than right here and review the various hiking trails in the area. Looking for Homes for sale with mountain views. It is needless to say that if you love the outdoors, finding a home in Applewood should be your priority. You might think with all the open space, wilderness and being “The Gateway to The Rockies” , that you’ll spend an hour getting to the always active Downtown Denver. Well, you might be surprised there are a couple different routes to get you to downtown. (via the I-70 or take US-6) Applewood is less than 15 miles out from downtown’s’ Union Station. So, with the commute and the distance from downtown addressed what else? What other reasons to consider houses for sale in Applewood? You may want to check out some of the eateries, bars and shopping. The community page on Facebook might have some insight for you. check out the Applewood community’s Facebook page for yourself.

Houses for sale in Applewood near Denver?

Now the Applewood neighborhood may be on your radar as a place to call home near Denver. So, let’s look at some of the real estate stats.

Ok, great a bunch of lines! What does all this mean to  a home buyer or home seller in the 80215 area code. The red line represents the selling price while the gold line speaks to the Inventory. As the inventory goes down, soon after the prices will begin to rise. Conversely, as the the inventory rises you”ll notice that there is a delay before the prices start to drop. (I call this the seller denial delay) There is a period of time even after the inventory has risen to a high level where sellers are in denial of where the market actually is. Many times we figure if our neighbors bought a house a few months back and they paid a certain price, then our home is almost certain to be worth thousands more. However, if you read the chart you will see that seller denial. Look at May of this year for a perfect example. You’ll see that in late April / early May the inventory was quite high but the prices took another month or so to start falling. Then when word hit the street they plunged, the prices went from roughly 475k to about 290K as a median price. Now, does that mean that the same house that sold in April for 475K is worth 290K in July? Not necessarily and not in this case. What this does show is the trend. That’s what I want to you to focus in on. Do not get too tied up with the actual numbers but look at the trends and the delays in the prices rising and falling in relation to inventory throughout the year. The homes that were sold in April in large part were simply more expensive homes being sold (on average) compared to the homes that were sold during July.

On the flip side

Now, you can also flip this chart and look at the prices and what might be considered “Buyer’s Denial”. When inventory is very low there is not much by way of Denver homes for sale on the market. That delay of in price rise suddenly erupts as multiple buyers start competing for the same homes. The prices, after a lull, will sharply start to rise as escrows start closing and the actual sales prices start to present themselves. As we close out this year you see Applewood has a healthy housing market. Inventories rise and fall as seller’s put their homes on the market and new construction projects come to completion. Prices, although fluctuating, are showing healthy volume and good correlation to inventory.

In Short

Applewood is a community that is away from the hustle and bustle of downtown Denver and away from the traffic, yet close enough to be have homes for sale with convenient commute. There is a small yet active business community with eateries and bars along with a bowling alley nearby. Outdoor activities abound with Golf, fishing, hiking etc. Our Real Estate website is designed to allow you to search all homes for sale in Applewood and others active on the MLS in specific neighborhoods. If you want to search the area for available homes you can search our listings of  the Applewood community here..

Next week we will cover in detail the community of Baker and all that is great about living in the walkable neighborhood of Baker. In the mean time if you have any questions or need help with buying or selling a home in Denver Metro please call or shoot me an e-mail. 720-688-5110 or rickyschoonover@gmail.com.

Fall Real Estate? or Real Estate falls? Questions for buyers and sellers of properties.

Fall Real Estate Trends.

Graph showing median price vs total inventory of real estate market, Fall Real Estate trends

When inventory is low prices start to rise, Note the delay as inventories rise before prices finally come down.

Last week’s Hot Topic covered Denver first time buyers that are pondering “out saving” the Real Estate market by holding off and saving up for a down payment on that dream home. Another option is starting small and maximizing bank leverage and equity to build to the dream home. What works best for one may not work for others. This week late’s take a look at what happens during the time of the Fall real estate trend.

Refer to the chart above. As inventory drops, prices rise. So, Fall (or Fall?) inventories are up over the past few months.Yes Fall is in the air, the leaves are changing, and the morning weather is crisp. Simple supply and demand cycles quite in rhythm with the seasons, as does housing. We know there are buyers out there and the market has been tight. There are multi offers in short periods of time, and sellers have had the upper hand. For example what would happen if the house down the road sold for X a few months back, and then just on the other side of the road last month, a similar home sold for XX. I’m going to put my house on the market and I expect XXX after all I have a larger _____ or nicer _____. (you fill in the blanks)

The major questions.

The overriding question is, “is it seasonal?”. Is the inventory only up by the normal seasonal cycle or is Fall only part of the equation? We are in an election year, one of the the most unpredictable I have seen in my lifetime. Are we too far right? Are we too far left? Has there now been made enough space in the middle? The market has been on an upswing since the depths of the recession about 8 years ago. Markets have a predictability with a steady flow and even handedness.

So, as Fall weather comes our way, will prices of homes fall beyond the seasonal flow?  Will more Fall real estate flood the market than buyers flock to pick up a deal? Will we retain the important balance? Will the market entice enough buyers into the fray to absorb the influx? These are all only ideas to ponder. My advice would be to not short yourself. If you are a buyer or a seller the formula is the same. Keep the horizon view! Buy or sell not based solely on any one factor, but on what feels right for you and your future. Your situation is your situation.

If you are considering Buying or Selling here in Denver Metro click the link to reach my site. my site,DenverHomesMarket.com. Sellers, If you are asking yourself “Should I sell my home in Denver?” There is a valuation form for you to send my way. I’ll be happy to do some research to see what your home might fetch. For Denver Home Buyers go to property organizer, set up a few searches and get e-mail alerts, or send me a message and I can set them up for you.

Next Week’s Hot Topic: “Do You have what it takes?”