"The most important thing in communication is hearing what isn't said" - Peter Drucker |
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| | Amanda, Leo, Grace, and I welcomed the newest addition to the Carey household on May 6: Ava Rose Carey. Thankfully, everything went incredibly well and both Amanda and Ava are doing amazing. Grace and Leo have embraced brother & sisterhood like champs! |
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Wow, from March to April we saw a jump in Active Listings from 9,764 to 11,964! So far this year, the story has turned out to be Inventory. We've had a crazy few years and many homeowners have sat on the sidelines waiting to sell their homes, well the tides may be shifting. In 2020-2021 we had Covid, in 2022 we had a contraction year in the economy (along with many scary news headlines throughout the world), in 2023 we saw property taxes skyrocket and interest rates elevated quicker than anytime in decades, and in 2024 interest rates stayed elevated while we had a contentious presidential election.
Fast-forward to present day and things are starting to balance out. As can be often applied, things are usually not as bad as first thought. Inflation is continuing it's downward trend, economic factors are looking up, the stock market has rebounded incredibly well (hope you didn't sell your stocks), and J. Powell is getting a lot of pressure to lower interest rates.
While we are seeing Active Listings at record numbers (since 2012), we also see an increase in the median closed price of 1.51% compared to last month. Given that prices have stayed fairly steady, it would suggest a balancing in the market. |
| | A notable 18% increase in new listings compared to last year gives buyers more options. At the same time, a 5% increase in pending contracts year-over-year shows that buyers remain active and ready to make offers.
At the end of the day, we are living in a market where if you are selling a home, you need to make sure it's Market Ready. Let me say that again: MARKET READY!
There's a reputation that the Denver Real Estate Market has generated over the past 10-15 years that "any house will sell and it will sell fast (and as-is)." That is no longer true, but some homeowners are stuck in the past. Your home needs to be presented to the market well and priced accordingly, otherwise don't be surprised if you sit for a while and experience multiple price-drops. I welcome anybody who's interested in learning more about: How to prepare your house for the market, to call me and schedule a time to chat (number below). |
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Congratulations to Carson & Collette on selling your home! **Closed in 3 Days for $43,000 over asking! |
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| Congratulations to Bill & Gillian on your new home in Thornton! |
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| | | Congratulations to my first-time homebuyer on this beautiful house! |
| | | | Congratulations to Brenda on getting your townhome under contract! |
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| Evergreen Mountain Sanctuary |
| Step inside this home and discover panoramic views of the Continental Divide and Indian Peaks. Whether it's snow capped mountains, or changing aspen trees, this gem offers year-round Colorado charm. Complete with a wrap-around deck, the interior offers plenty of natural light and modernized mountain living amenities. Click above to see all the photos! |
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| Radon Mitigation Assistance? |
| If you don't currently have a radon mitigation system in your home, you may be eligible to receive financial assistance based on your income and/or the size of your household. Click on the photo above to learn more about whether you may qualify.
PS: If you are unaware of what Radon is, please email or call me to discuss how this could affect your home OR future home! |
| | Radon is kind of a Big Deal... |
| | Wishing you all a great beginning to your Colorado summer! |
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| | Travis Carey
Broker Assoc. M: 607.435.5113 travis.carey@compass.com |
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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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