December Market Update
winter home tips
-Humidify dry indoor air with a low maintenance Areca Palm plant, said to transpire as much as a quart of water in 24 hours. Other plants that replenish air moisture are the Boston Fern, Spider plant and Peace Lily.
-Collect old holiday decorations such as candles and holders, tree ornaments, bulbs, bead garland, pine cones, and display on a festive platter to create a unique centerpiece for your table.
-Trim low lying tree branches over driveway, in yard, by entrances, before they become a hindrance after the snow falls.
-Toss a couple frozen cranberries at the bottom of champagne or wine glass for a festive look at holiday parties.
PLAN TO SELL?
– De-clutter, de-personalize, and clean house and yard to make it sale ready. Add plants inside and out.
– Make small repairs or updates, and touch up interior and exterior paint for fresh look. Upgrade lighting.
– Open up each space, including closets, and remove stuff/bulky furniture. Stage/decorate rooms with Seasonal colors.
-Add tech touches like a built-in USB wall charger for $20.00, or a luxury motion sensor faucet to bath or kitchen sinks for under $100.00.
LATEST DENVER/BOULDER MARKET NEWS
DENVER: Denver Metro Market Slowdown During Holidays Favors Home Buyers. Although it’s not a buyers’ market, we’re seeing conditions more favorable for buyers at this time of year. There are more available homes for sale on the market than last year at 8 weeks of inventory, and homes are spending longer on the market than last year, an average of 44 days (two days more than last year) and a median of 20 days (six days more than last year). Cooling prices and less competition also create favorable opportunities for buyers. https://cohomeblog.recolorado.com/market-watch-november-2018/
BOULDER: Boulder County New Listings Higher in November Than Last Year. New Listings were up 39 percent compared to last year for single-family homes in November, but decreased 31 percent for townhouse-condo properties. Pending sales landed at 188 for single-family homes and 57 for townhouse-condo properties. The median sale price was up 7.7 percent compared to the previous year to $592,500 for single-family homes and 94 percent to $383,000 for townhouse-condo properties. Days on Market decreased 21 percent for single family homes and 8.5 percent for attached.
Although low supply and rising prices continue in many markets, there has largely been enough listing and building activity, and conversation about future activity, to keep prices from skyrocketing toward a bubble. Low affordability has started to become a recent topic of conversation and is definitely worth watching. But with a healthy economy, level of demand and national unemployment rate, sellers are going to be hard-pressed to lower prices. https://www.baraonline.com/sites/default/files/statistics/CAR-Colorado_BARA_MMI_2018-11.pdf