Each month Sophisticated Properties highlights the issues pertinent to the Denver Luxury Real Estate Market with one original article and one hand picked article that directly effect the individual investor.
Denver Real Estate Shifting to Buyers Market Have you been sitting on the sideline the past couple of years waiting for the market to even out? Haven’t seen anything you like or fits your lifestyle? Good news is that inventory is up in the Denver Metro and the influx of homes have brought some notable…
Main Story: Inventory is way up. What does this mean? Housing inventory is up nearly 30% year to date, with active listings at the end of June sitting just at 9,500, which is the highest it has been since October 2013. A jump of 30% may sound devastating, however in the scheme of things, we are…
Welcome to the Coloradan, Denver’s finest and ONLY new condominium development! Be one of the first Denverites to experience the neighborhood built deliberately for a new urban way of life. Situated in very walk-able Union Station neighborhood, with Union Station access right next to the building and located across the street from flagship Whole Foods. We…
With the holidays behind us in 2018, this year has brought many questions regarding the Denver Real Estate market. Starting in about June of last year, the market began to shift with more inventory and less sales. Going into the new year, just about everyone understands that the real estate market is changing. That is not new…
We are happy to announce that Sophisticated Properties is expanding our services to include management solutions! My background is in property management, and many of you have already heard my experiences with management companies: they are not great. How can I stay in control of my house and money while freeing up my time and…
This year, the average home price in Metro Denver reached over $500,000! Actually, it’s more than that: $543,058 to be exact. When I told my dad his jaw dropped. “I just cannot believe that, half a million dollars is ridiculous,” he said. We were arguing about it being sustainable or not, going back and forth. …
While overall closed sales in Denver Metro dropped 9.2 percent year-over-year, the luxury market soared with a 56.92 percent increase! Sales over $1 million dollars now own 3.48 percent of the market share. This represents a massive shift in the past year where buyers have jumped from the $900,000’s and ponied up the extra dough…
The Luxury Market ended the first quarter of 2018 as if it were Summer already! Sales over 1 Million were up fifty two percent in March compared to February and year-to-date sales have tripled since 2014. In Q1 2014 there were 121 compared to an astonishing 381 homes sold so far this year. Months-Of-Inventory is…
In the nine months since lawmakers passed a construction defect bill aimed at reviving Denver’s near-dead condominium market, there has been a slight increase in construction but not enough to declare the problem solved. 2017 saw a 7% increase in condos, however that number represents an increase of only 55 units! Compare that to the number…
With Denver seeing nearly 13,000 new apartment units come online in 2017, the competition has noticeably effected the rental market. Chances are, if you were trying to rent a 2 bedroom condo in the past couple months, demand hasn’t been quite what you were used to the past couple years. New luxury apartments like Country…
Why Hire a Listing Agent When You Can Hire a Marketing Agent? Pt 2/2: Strike Price Put yourself in the buyers shoes- which homes do you think all buyers want to see first? Of course they want to see the best priced homes, they all do! We want to make sure your initial list price…
There are many tools, websites and people out there that will attempt to tell you how much your home will sell for. The fact is, nobody actually knows that number. The simple answer is “A home is worth the price at which buyer is willing to buy and a seller is willing to sell;” therefore,…
There are many tools, websites and people out there that will attempt to tell you how much your home will sell for. The fact is, nobody actually knows that number. The simple answer is “A home is worth the price at which buyer is willing to buy and a seller is willing to sell;” therefore,…
Denver Real Estate: 5 Reasons it is NOT a Bubble 3/2/2016 People ask me some form of the same question all the time. It usually goes something like this: “Housing is hot in Denver, but don’t you think it’s just a bubble and when is it going to pop?” I’d be lying if I said…
Sign up below: