Hi Folks, According to data provider Core Logic, U.S. home prices have increased 40 straight months. Here in Rock Creek we have experienced almost 4 years of solid appreciation and this year may be the strongest of the last four. I am seeing the average price per series is up over last years highs by as much as 20% in one series and about 10% across the board. Take the time to re-read that, because it is significant! The prices in Rock Creek may have hit their all time-highs in May/June of this year when supply could not meet demand. Since that time, more owners have decided it was a good time to sell and the increased supply is putting downward pressure on prices. This does not mean that prices have peeked and a bubble has burst, but instead is a healthy market response and part of a typical real estate cycle.
The analysts at 8z Mortgage have told me that the China and U.S. stock market crises will keep interest rates low through the end of the year. This should continue to help buyers afford the increased prices.
If reading the above piques your interest for selling your home, you should know that at 8z Real Estate we are now marketing our 3D tours photographed with the Matterport camera. It is like using Google Street View inside a house giving buyers an unmatched online experience! 8z has always led the way in on-line marketing and we are the first to bring this technology to the entire front range. Take a look at 8z.com/3D-tours. I would love to put this technology to use on your home. Call me, I am here to help.
*Not all properties were listed and/or sold by 8z Real Estate. This data is based on content supplied by REcolorado, IRES, PPAR, and/orMLSListings. Content is deemed reliable but not guaranteed. Content may not reflect all real estate activity in the market.