Denver is enjoying much media regarding our fantastic housing market! If you are purchasing a home under $300,000, be prepared to be in a bidding wars. Most homes under $300,000 are receiving multiple offers, and realizing much more than list price.
HUD properties are listed so low, most FHA buyers are not able to get the winning bid. Homes is fairly good shape are realizing anywhere from $15,000-$40,000 more than list price.
Our state is also enjoying an large influx of incoming home owners. The State of Colorado's population is estimated to increase from 4.8 million to 4.9 from July 2007.
Our home sales are considerably up over one year ago, and 40% of all sales are first time home buyers purchasing their home prior to the 12/1/09 deadline to receive the $8000 tax credit.
Joan Cox
Metro Brokers - Turning Point RE
720-231-6373
www.JoanCox.com

