WELCOME DENVER REAL ESTATE BUYERS!
Sterling Real Estate Group is is an independently owned real estate company, located in Lakewood, Colorado. Our real estate agents bring years of experience in real estate, business and customer service. We specialize in serving the Lakewood, Littleton, Denver, Arvada and Highlands Ranch areas and focus on the sale and purchase of residential properties as well as investment (fix & flip) properties. Our goal is simple: To provide superior service to our clients while promoting a positive atmosphere for our Realtors.
Denver Colorado Home Trends
Seller Trends: The number of Active Detached Single Family homes now sits at 2,704 which once again is at record lows for this time of the year. The number of condos and townhomes that are listed as active is 1,073. Combined, the total number of Active Properties for the month of February is down to 3,813. The number of active properties are rising as we get into March, however, demand is still high considering a balanced market representing a six month supply would require that there be 24,774 Active units.
A new record was established in February for the highest sales price for detached single family homes of $494,879 and the condos and townhomes nearly set a record last month too with an average sales price of $343,580. There were 4,129 homes placed under contract in February with the average days on market remaining very low at only 31 for detached homes and 27 for condos. Over 50% of the homes marketed were under contract in seven days or less and 61.5% of the homes closed in February of 2018 sold for over asking price.
Not much good news for Buyers: For Buyers, besides having to compete with multiple offers, over asking on most properties, interest rates are starting to tick up as the Trump economy continues to roar to life. If you have a decent credit score, interest rates are hovering at around 4.5% for Conventional and 4.0% for FHA and VA financing. However, as a buyer, you need to act quickly if you see a home that you really like come on the market. Since inventory is so tight for homes under $400,000, the days of multiple offers, most over asking are still very typical. The competition for condos and townhomes, under $250,000 is still really crazy, but if you can get into a place, your total payment should be that of rent, but now you are the "landlord". You can expect to close within 30 days, but many sellers are asking for a time to rent back in order to facilitate them finding a replacement property. If you have a closing date in mind, you may still want to start looking 75-90 days out from your anticipated closing date in order to get into your new home as planned, as you may have to submit several offers, before getting one accepted.
At Sterling, our real estate agents are encouraged to explore various options in the marketing, financing, and selling of your home. We understand there is more than just one way to sell real estate. Therefore, we strive to provide a variety of tools, techniques and concepts to assist our realtors in creating and implementing the best marketing plan available to help you accomplish your real estate goals. Many of our agents also specialize in the purchase of property through Self-Directed IRA's. Whether your are looking to do fix and flips or fix and holds through your IRA, we can help guide you through the process.
Our goal is to provide our home buyers with friendly, knowledgeable and personal service. Our realtors are highly trained and experienced in assisting buyers in a wide variety of purchases, from HUD homes, foreclosures, short sales, new construction and professional real estate company listings . All of our real estate agents are required to pursue continuing education on a yearly basis and have undergone a thorough State and Federal criminal background check. Our real estate agents have a comprehensive understanding of the various neighborhoods and market conditions within those areas and enthusiastically relay that knowledge and expertise to their buyers, making the buying experience a pleasant and informative one.
This division is devoted to the discerning buyer and/or seller in the luxury home market. The Sterling Reflections marketing plan is reserved for those homes that are at least twice the median sales price for the metro area. If you are looking to buy or sell a luxury home, please contact anyone on our luxury home specialist staff for a description of this extraordinary service.
Spectra Mortgage was founded with the philosophy that a mortgage company should provide sound financial advice in the area of mortgage financing and that the people providing this service should be professionals. They believe that the key attributes that distinguish Spectra Mortgage from the others are Financial Expertise, Integrity, and Service.
Spectra Mortgage Corporation originates mortgage loans and provides mortgage services in connection with the acquisition or refinancing of owner occupied and investor owned single family, multi-family, and commercial property. If you need help with a mortgage, or just have questions about your credit, contact Spectra Mortgage. They are located in Lakewood, Colorado and provide mortgage financing and mortgage services throughout Colorado. For additional information check out their website at: www.spectramortgage.com.
Sterling Real Estate Group and all of our real estate agents want to welcome you to our fabulous city of Denver, Colorado, one of the country's most enviable places to live and work. Whether you are looking for panoramic views of the majestic Rocky Mountains, the nation's largest public park system, or 300 days of sunshine a year, Denver and her surrounding communities is the place for you. If you are in the market for a new home, wishing to sell your current home, or are interested in the fix&flip investment market, we hope you'll find this site both informative and helpful. Sit back and relax as you search our Denver Metro List IDX site to find your perfect home!