Wednesday, January 26, 2005

Hot Market

So here is what I have been predicting for the Denver Real Estate market, and Highlands Ranch in particular...The Rocky Mountain News reported this morning that sales in January were up by 80% over the previous year! They do this based upon properties placed under contract in a given month, and they seem to be a little ahead of them selves (here is the link to the full story,1299,DRMN_414_3498433,00.html), but it certainly reflects what I am seeing in Highlands Ranch Colorado! Some buyers have "missed" as many as 4 homes in the past 4 weeks, thinking it is still a buyer's market.

These stats reflect what I have been watching: New Listings of single family dwellings down by 14.8% in 2004 and Sales are up about 10%. Or a 25% swing in the market. Also, the home builders have increased permits by over 23% for the 2005 year.

So, even though this may sound like a self serving comment, the real estate market in Highlands Ranch, Englewood, Littleton and Centennial are about to heat up and change very quickly in the near future. So now is the time to buy.

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