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 new Active Detached Single Family homes added to the ten county greater Denver metro area, for the month of August 2018, was 4,681 which is a 4% increase over last month as well as a 4% increase over last year at this time. The number of condos and townhomes that were listed was 2,007. Combined, the total number of Active listings of homes continued to increase, month over month and now sit at 8,363, which is 30% higher than this time last year. Those figures reflect 7 weeks worth of inventory. A normal market would require that there be 24,774 Active units, which averages a six month supply. On average, the number of days on market for August was 33, four more than the month of July, 2018.
Average home prices saw a decrease for the second consecutive month. In August, the average sale price of a single family home was $473,115, which was 1% lower than in July. However, compared to prices in August of 2017, the average sold price is up 9%. The average price of a condo/townhome was also up 9% from last year and is currently $345,674. The $300-$400,000 price range continues to have the most home sales and new listings; however, activity in this range has seen continued slowing, while activity in the $400-$500,000 range has gained momentum. The median sold price in August was $408,000.
Some good news for Buyers: For Buyers, there is some good news, with inventory up. The need to bid way over asking, remove your right for an inspection, or the need to waive your appraisal requirements, is gone. Homes are sitting on the market a little longer and there are fewer instances where there are multiple offers. Interest rates however, have ticked up, so besides home prices going up, so is the rate you need to pay on your loan. If you have been sitting on the fence, now is a great time to buy, while interest rates are still in the 5% range and prices and competition have leveled off.
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. They are also trained and can give sound advice with regard to Reverse Mortgages. In fact, those can be used as a great financial planning tool, despite all the negative information that is out there. 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!