It’s that time of year again. Thanksgiving is just around the corner, and my team and I want to invite you to our annual Thanksgiving Pie Party coming up on Tuesday, November 21. There will be a photo booth, pies, contests, drawings, and lots of fun for the whole family. This is just our way of letting you know that appreciate your support.
Call me at 303-974-9471 for a FREE home buying or selling consultation to answer any of your real estate questions.
We’re entering the final quarter of 2017 and so far it’s been an amazing year for Denver. However, I’m still hearing a lot of different questions from people out there, such as: “Are we in a bubble that’s going to burst? Is Amazon coming to Denver? Will the housing crisis flood the market with new properties? What’s going to happen?” My answers are simple. Interest rates are still hovering around 4%, so it’s a great time to lock in a 30-year mortgage. Secondly, jobs continue to grow in Denver. We will know by the first quarter of 2018 if Amazon chooses to make Denver the site of one of its main headquarters. If they do, it will add 50,000 jobs to the area. As for inventory, we don’t have a lot of it so it continues to drive demand. As more and more people decide that now is the time to sell, it doesn’t mean everything will flatten out. I like to think of this market as kind of a false mountaintop. Just when you think you’ve hit the peak, there’s another gradual incline of 500 feet or so to go. We’ve hit the steepest part of the incline in our market, and the next few years will see much more gradual growth.
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Inventory is continuing to drive demand.
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So, are we in a bubble? The answer is no. It’s still a great time to buy, sell, and invest in Denver real estate. Historically, property values double every two years. Just something to keep in mind. If you have any questions for me in the meantime or need any help with buying or selling a home in the Denver area, don’t hesitate to give me a call or send me an email. I would love to hear from you soon.
