People are asking me daily if now is the best time to sell their home. The answer is YES now is the best time to sell your home. Look at the numbers.
“As of January 31, 2013 there were 5,834 single family homes on the market according to the MLS (Denver MetroList) which is down 30% from one year ago”
Do you know the laws of “Supply and Demand?” Per Wiki: If demand remains unchanged and supply decreases, a shortage occurs, leading to a higher equilibrium price.
There were 31.4% more listings sold and the median sold price was up 18.1% in Douglas County Colorado.
The entire Denver Metro housing market had 5,834 active single family homes on the market at the end of January 2013 and that is actually 30.18% lower than just one year ago. The Denver Colorado housing market also had 3,535 homes under contract at the end of January 2013. The number of under contract homes on the market was up 24.56% from just one year ago.
If you don’t believe me yet then look at these numbers I ran for Stonegate Village in Parker, CO. These numbers don’t lie. Stonegate Neighborhood 2012 Real Estate Report.
Also read: How to Sell Your Parker, CO Home
Getting your home on the market ahead of the competition is such and easy way to pick up thousands of dollars that you may not get in the next 45 days. Tips for selling your home in winter. Many sellers will be lazy and wait for beautiful weather to sell so they all hit the market at the same time. Don’t wait for your competition to hit the market. Beat them to the market and be heading to the closing table when you neighbor finally decides to list and sell his house.
Many neighborhoods have already seen enough price appreciation to get back to where they were before the real estate market bust and many have already surpassed the previous highs and are continuing to grow. The problem I’m seeing is that some Realtors are not pricing the homes correctly to capture the true market gains that are available. The bottom line is that if you have a nice home in good condition you should be reaping nice gains if you bought your house a few years ago. Now is the time to sell your home. If you have been waiting for the right time to sell your home then that time is now.
There are many factors that create this great time to sell but one of the easiest to spot is interest rates. If interest rates tick up a few points you will immediately see downward pressure on the the housing prices and potential gains will be lost almost over night. Sure, there will be a few lucky ones that will sell no matter what but many homes could be pushed back into the lower price range.
Find out what your home is worth right here for FREE. This is as close to an appraisal as you can get without spending $400.
Steven Beam is a Realtor, CRS in Douglas County, Colorado. A few of Steven’s client testimonials.