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Message
re: House(s) on the market
Posted on 4/27/21 at 5:00 pm to ColoradoAg03
Posted on 4/27/21 at 5:00 pm to ColoradoAg03
quote:
Market here in Denver is nuts. People are offering $20-40k over list with full/partial appraisal gap and still getting beat out. Usually by cash buyers. It’s a brutal market right now for marginal buyers. Houses are UC in just a couple of days after list. Lots of off-market transactions happening too. Avg single family home in the metro area is now up to $675k. My rental house just appraised at $440k last week, well over Redfin’s $386k and Zillow’s $401k estimates, thanks to recent high comps in the area.
Can confirm. My buddy who is an agent in Denver hasn't sold a house in months that didn't have to go 10-25% over ask. I've been painting my house for the past couple of weekends, and had 4 people approach me to see if I was preparing to sell.
1
Posted on 4/27/21 at 6:18 pm to Turftoe
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