Market Fun Facts (03/02/23): Welcome to the New Year. How will the market look as we enter into the 2023 selling season? To answer this question NeXstep continues to monitor inventory levels across the 6 County Denver Metro. For the fifth month in a row we see inventory levels decrease as we enter into the new year; active listings are down -558 listing this month, for a total of 4,318 active homes for sale. This is a substantial increase from March 2022 as we had only 1,426 home for sale to start off the new year. However, sales are also up +810 properties from last month for a total of 3,114 sold homes in the past 30 days. Consequently, our average absorption rate decreased by appx 1.0 month from 2.35 months to 1.34 months. All six counties experienced a decrease in active listings and an increase in total sales.
Summit County: Summit County regulates short-term vacation rentals (STRs) to address neighborhood…
Whether it is personal or business, Clint Sales with The Summit Group will carefully examine your situation, assets and needs. Then help you implement all the proper coverage you need to stay safe and protected. The Summit Group is comprised of licensed and insured risk management advisors. All of our Risk advisors work to protect and preserve our clients way of life and financial legacy. We research all companies and products that we work with and only after careful examination will we offer them to our clients.
Rates hit their high and came down, inventory locked up, sales dropped, and demand is still pent up. There is a path from here. News cycles in quarter one will pick up year-over-year comparisons, which will look worse, but watch the trends, feel the boots on the ground, and pay attention to inflation, job loss, and rates.
Recently 5280 Magazine came out with their top 25 neighborhoods in Denver. If your new to the Denver area or just interested in learning more about different Denver neighborhoods; we found this an excellent article filled with great information and detailed maps.
NeXstep Real Estate Group is Proud to Support Soles4Souls. Our annual shoe drive was a huge success in 2022. Following a two year break after COVID-19 we are proud to have collected 680 pairs of shoes. Thanks to all our great clients and wonderful neighbors who helped us collect shoes for Soles4Souls! Thank you so much for your support. We will be back in 2023 and will once again look for your help to support this great cause! Contact your favorite NeXstep Realtor if you have any questions. Thanks again!!
Carolyn Earns NAR Designation in Senior Real Estate Denver, Colorado — Carolyn…
Carolyn Erickson of NeXstep Real Estate Group Garners Prestigious Sales Production Award…
Centennial, Colo. – May 2, 2022 – Ryan Sondrup, a leading REALTOR® with NeXstep Real Estate Group, has been recognized by the South Metro Denver REALTOR® Association (SMDRA) with the 2021 Diamond Circle Club Award for Individual Residential Sales – Three Carat. SMDRA hosted its tenth annual Diamond Circle Awards at the Hyatt Regency DTC on Friday, April 29, 2022.
