Provided by LIV Sotheby’s International Realty 35 Martin Lane, located in Cherry Hills Village, is listed by LIV Sotheby’s International Realty brokers Elaine Swomley and Richard Swomley for $2,250,000.
While the summer season has been a bit delayed this year, we are now officially welcoming summer heat, summer activities and, of course, summer real estate opportunities.
Looking at LIV Sotheby’s International Realty’s (LIV SIR) May Market Reports, it’s evident we are seeing some increases in performance for Colorado real estate, and we are also seeing some major opportunities for both buyers and sellers.
These reports, along with many others that the firm produces, are aimed to assist potential buyers and sellers with up-to-date information to make sound financial decisions. Monthly, LIV SIR analyzes the various Colorado markets by looking at performance comparing 2018 to 2019 statistics, year-to-date, and the last 12 months, year-over-year.
Not surprisingly, the all-price-point metro Denver real estate market is continuing to boom with year-to-date increases across the board, but most notably in total sales volume (+4%) and new listings (+8%).
More and more buyers are flocking toward the luxury market ($1,000,000 and above) for metro Denver, with the visible signs being year-to-date increases in total sales volume (+15%), properties sold (+11%) and new listings (+24%) — met with a decrease in average days on market (-26%) to just 67 days on average in 2019.
Boulder real estate is presenting numerous opportunities, including strong benefits for buyers with an increase of new listings (+11% for all price points; +14% for the luxury market of $1,000,000 and above) in addition to an increase in days on market. The increase in days on market allows buyers more time to make real estate decisions, but on average the 2019 days on market is still just above two months, so buyers should still be prepared to act quickly.
For sellers, the last 12 months year-over-year prove that real estate is trending upward with an increase in total sales volume (+9%), listings sold (+9%) and new listings (+13%) as well as a slight decrease in average days on market (-5%).
“This year, we are seeing some significant increases for metro Denver and Boulder, which is very exciting,” said LIV Sotheby’s International Realty president Scott Webber. “Even though last year was a record year in many ways, this year is proving to be even more active with increased buyers and interested sellers. The great thing is, we are seeing excellent opportunities for both.”
This year, it’s clear that we are seeing a healthy market that both buyers and sellers can benefit from. The overall increase in inventory and increase in available buyers due to a strong economy — combined with the current mortgage rates — equals a recipe for success.
To learn more about how your real estate goals can be achieved in 2019, consult with a trusted real estate adviser today by calling 303-893-3200 or visiting LIVSothebysRealty.com. For more information, contact Kelli Williams, director of public relations, at 303-486-3738.
LIV Sotheby’s International Realty, the exclusive Board of Regent for the Who’s Who in Luxury Real Estate, has 23 office locations in metro Denver and surrounding areas, including Boulder, Castle Rock, Cherry Creek, Denver Tech Center, downtown Denver, Evergreen and the resort communities of Breckenridge, Crested Butte, Telluride and the Vail Valley.
The news and editorial staffs of The Denver Post had no role in this post’s preparation.