by Jon Terry | Jun 10, 2013 | Blog, Buying A Home, Colorado Living, Luxury, Luxury Homes, Selling a Home, Statistics, The Economy
The spring of 2013 has delivered a real estate market primed for eager buyers. Homes with a price tag of more than $1 million sold at more than twice the rate they did a year ago. These luxury homes were on the market an average of 120.7 days, down from the 133-day...
by Jon Terry | May 1, 2013 | Buying A Home, Colorado Living, Foreclosure, Housing Analysis, Selling a Home
As the saying goes, “Springtime is for selling houses.” The months of April, May, June and July typically account for more than 40% of all housing transactions annually. This year, buckle up because we anticipate a huge amount of transactions and more than the usual...
by Jon Terry | Apr 17, 2013 | Buying A Home, Colorado Living, Housing Analysis, Selling a Home, Statistics, The Economy
The strength of the market showed itself yet again in March. The average days on the market plunged in March — a 35 percent decrease from March 2012. However, the average sold price statistic, $295,330, gives us the real story of the state of the housing market. This...
by Jon Terry | Apr 8, 2013 | Buying A Home, Colorado Living, Housing Analysis, Selling a Home, The Economy
A market runs on the principle of supply and demand, and the demand this year is slowly increasing. Average sale prices are up and this trend is expected to continue throughout the summer. Right now, everyone acknowledges that inventory is low and demand is high. Look...
by Jon Terry | Dec 6, 2012 | Buying A Home, Selling a Home
Here’s a look at the best practices of successful house flippers, as well as tips on avoiding common pitfalls. Look for potential. Flippers often invest in properties that don’t appeal to conventional home buyers, since they know how to look beyond an...
by Jon Terry | Dec 6, 2012 | Buying A Home, Selling a Home
Thanks to the improved real-estate market, house flipping has made a comeback, both across the nation and, to a degree, in Colorado. House flipping is, essentially buying a house or property with the intent to sell it for a profit. Daren Blomquist, a vice president at...
