Inventory is at historic low levels and buyers are feeling anxious. In an article last month, we pointed out inventory is down by about 50%. Take Evergreen as an example, at the end of February, there were 169 homes on the market while this time last year, there were 339 homes on the market. In the Denver Metro region, it is common to have approximately 17,000 homes on the market. Right now, there are approximately 7,580 homes on the market. For those of you who have been waiting for the opportune time to sell your home — the time is NOW.
Based on the Monthly Economic Summary from Metro Denver, there was a 16.7 percent increase in home sales from 2012 to 2013, which pushed the average home sales price up by 9.4 percent for the same time span. The market trend for 2014 shows very few homes on the market.
The Alaris Properties brokerage led by Jon Terry can sell your home. He has been known as the Realtor® to call for many types of real estate transactions, including luxury homes, horse properties, short sales, regular sales, and even vacant land and new construction. This has helped propel him to be one of the top selling Realtors® in the area. Further, his team has developed the Alaris Properties’ brand to be associated with excellence in real estate.
We did not want this article to be all about Jon; however, we do want you to know about him. He has the credentials of being a Realtor® who is also a practicing attorney, so charting the course through detailed real estate transactions comes naturally to Jon. One of his clients recently wrote us to say, “Jon is smart, organized and strategic. If anyone wants a real estate job done, they will be well served to work with Jon. What impressed us the most was that, in addition to being the best real estate professional we have seen in the business, he truly cares about his clients. This is an excellent combination.”
Jon and his team at Alaris Properties have closed hundreds of real estate transactions over the years and, in 2013 and 2014, they have watched real estate values go up. With values rising, many homeowners will realize a new found increase in equity allowing a sigh of relief. This is great news for sellers who have been waiting to see the market turn around before they put their home on the market. The healthy Colorado job market is attracting job seekers who need a place to call home.
The motivated buyers are eagerly watching every new listing. With sales prices increasing and buyers at the ready it is an encouraging sign to those considering selling. Jon and Alaris Properties are at the ready to help you stage, price and close your home. Please consider calling Alaris Properties today at (303) 526-7400.
