How hot is the real estate market in the Denver area these days?
So steamy that buyers are routinely writing offers above the asking price, and often way above it. According to the Denver Metro Association of Realtors, offers of rom $10,000 to $50,000 over list are far from uncommon.
"Buyers run from listing to listing, trying to avoid being eaten by the competition," the DMAR notes. "It’s certainly a challenging task since buyers must also avoid being trapped in a corner where they feel desperate to write offers well above list price, or opt to waive inspection and appraisal contingencies in order to compete."
The result is likely to be the "rapid appreciation of metro Denver housing prices."
Facts and figures backing up these assertions can be found in the April 2015 Denver Metro Real Estate Market Trend Report, which also lists the number of single-family homes and condos sold in eleven metro-area counties during the first three months of this year.
Where is the demand highest? Find out in the photo-illustrated county countdown below, followed by the trend report, which features scads of additional information for anyone thinking about buying a home.
Number 11: Gilpin County
Single Family: 14
Condo: 1
Residential: 15
Number 10: Clear Creek County
Single Family: 34
Condo: 4
Residential: 38
Number 9: Park County
Single Family: 77
Condo: 1
Residential: 78
Number 8: Elbert County
Single Family: 92
Condo: 1
Residential: 93
Number 7: Broomfield County
Single Family: 133
Condo: 39
Residential: 172
Number 6: Boulder County
Single Family: 202
Condo: 61
Residential: 263
Number 5: Douglas County
Single Family: 1,112
Condo: 203
Residential: 1,315
Number 4: Adams County
Single Family: 1,064
Condo: 254
Residential: 1,318
Number 3: Jefferson County
Single Family: 1,307
Condo: 431
Residential: 1,738
Number 2: Arapahoe County
Single Family: 1,331
Condo: 736
Residential: 2,067
Number 1: Denver County
Single Family: 1,401
Condo: 1,029
Residential: 2,430
Denver Metro Real Estate Market Trend Report April 2015.pdf
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