Denver’s housing market is leading the nation in a variety of categories.
Homes here sell faster than homes in any other market, the market leads the country in rising home prices, and the housing inventory here is as low as any other place in the country. In fact, according to a recent report by Zillow, Denver has 16.6 percent less homes for sale today than in 2014. Historic inventory is off by approximately 50%.
Now, however, Denver leads in another residential real estate category: the percentage of homes in foreclosure that have positive equity.
In a new report by RealtyTrac, the share of distressed properties in Denver with positive equity is 83.7 percent, which is a higher percentage than anywhere else in the country.
Nationally, the figure is 42.4 percent, and Colorado takes the lead at 72 percent.
Click here to see the full report.
At Alaris, we are adept at helping sellers to sell homes before they lose this equity. Jon Terry, Alaris’ managing broker, is an attorney and has helped hundred of sellers avoid foreclosure. We are here to help you. We know how to work with lenders, attorneys, lien holders, public trustee offices, and we genuinely care about our clients.
If you have a real estate related question, please call us at 303-526-7400 or email us at email@example.com.