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 declined to 4,746 which is a decrease of over 11% over the previous month. Condos and townhomes also decreased 8.5% from September to October bringing the count to 1,392. Combined, the total number of Active Properties for the month of October was down to 6,138. Much of this decrease can be attributed to the seasonal plateau we normally see in the Denver Metro area. However, demand is still high considering a balanced market representing a six month supply would require that there be 29,850 Active units.
Prices are staying steady with the average sold price for detached homes at $442,901. There has been a slight increase of attached homes which is now hovering around $288,345. However lower end homes (under $350,000) are still increasing at an average of 10% per year. Homes priced over $500,000 appear to be decreasing slightly as of late. With regard to Days on Market, you'll find that single family homes are averaging 34 Days and detached homes are averaging only 30 Days. Keep in mind when pricing your home, to make sure to keep up with the rising prices, but not price it too high, or there is a chance your home will not sell. Make sure you hire a licensed Realtor who is familiar with the market and with your specific area to make your real estate experience a positive one.
Not much good news for Buyers: For Buyers, besides having to compete with multiple offers on most properties, interest rates are starting to tick up since the election of President Elect Donald J. Trump. If you have a decent credit score, interest rates are hovering slightly above 4.1% for Conventional and 3.5% for FHA and VA financing. However, as a buyer, you will need to act quickly if you see a home that you really like. Since inventory is still tight for homes under $350,000, the days of multiple offers, some over asking are still 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 much less than rent. Closings are still being scheduled approximately 45 days out, due to the length of time it takes to get an appraisal completed. However, with rates ticking up, the numbers of people wanting to refinance may start to slow down, giving Buyers the opportunity to close sooner. 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!