If you have been paying close attention to the local Denver Metro Real Estate Market then you will likely have noticed that there are a number of dramatic factors currently at play. For instance, there are a lot of sellers who are currently cashing out due to the local market appreciation gains of the past few years since marijuana legalization in 2012 – 2013. Now here we sit in early 2018 with all of this growth, and all of these sellers who are starting to realize that they’d better cash out and run for the hills before the market starts to tank, which it’s already beginning to show signs of doing. We disagree with most economists and prediction specialists who are shouting that Denver is a giant bubble that is about to burst, because we don’t believe that’s the case either.
Not that we’re saying that Denver is a sinking ship, by no means, but what we are saying is that the market growth is starting to slow down a little bit, so don’t expect the 6% year over year market appreciation to continue indefinitely. It’s likely going to slow down to 5% this year, and could even drop below that within the next year so people should really pay close attention to what’s happening here. Many folks are heading south and seeking refuge in Colorado Springs, Monument, Canon City, Florence, Trinidad, and other areas in Southern Colorado. But as far as Denver County goes, you can trust that the values have exceeded the point at which some would consider “ridiculous”, so we expected that this bubble wouldn’t continue to fill up forever.
Although, Denver may not pop like a bubble, it may be more of a slow deflation that we see happening in the city as more buyers are able to qualify for loans and the housing prices drop down to meet consumer demand.
Denver Metro Area We Buy Houses Company
If you are searching for Denver We Buy Houses Companies then check out our other article that we have linked to at the beginning of this sentence and you will quickly discover the best way to go about approaching a local home buyer with the opportunity to purchase your property. If you want to learn and discover more about how you can sell your property quickly for cash then please stay tuned to our blog and keep reading so that you can find out how to stage your home effectively to get a higher offer and other cool tips that will let you in on the industry secrets for extracting more profits from your real estate.
Basically, this market has experienced a lot of changes and fluctuations over the past couple of years, and things will likely continue to change as new money enters the market and prices begin to drop for the first time in several years.