“It is nice to have valid competition; it pushes you to do better.”
– Gianni Versace
According to the Denver Business Journal, the Denver housing market may have finally started cooling off. Although, June still set housing records for home prices and dollar sales volume with an average single-family home price of $424,609 (0.94% increase in June) and a median single-family home price of $362,000 (0.84% increase in June). The article continues by quoting the Chairman of the Denver Metro Association of Realtor (DMAR), Anthony Rael, who said, “Record high home prices are discouraging and eliminating some buyers from the market, but with recent price reductions and the end of the frenzy, sales remain strong.”
At this point, you’re probably thinking, “I thought the market was cooling off. June broke more records, how is that cooling off?” One thing we failed to mention from the article, which you can read in full by clicking HERE, is that June had 6,197 active real estate listings, a 10% increase from the previous few months. Despite this number still being 20% less than it was at the same time last year, it indicates a change in the trend. As the market begins to balance from a strong seller’s market to allowing buyers some bargaining power, you can expect to see some interested individuals ask about purchasing contingencies and fewer people submitting offers that are above list price. During this time, it is important for you to keep the competition on your house listing high to get top dollar for your home. This means that you need to back up the value of the house by presenting it as the dream home it could be.
This is where we at Staging Denver come into play. We stage homes to make sure that they sell for quickly and above the asking price. Our team of experienced stagers know how to polish each room to create a storybook home that makes it possible for potential buyers to imagine themselves living a dream life in the house, leading to more buyers making offers and ultimately higher bids, and an above-asking price offer.
If you are ready to make the final investment into your home so that it sells for top dollar, we would love to set up a consultation and begin selling your home. We also perform decorating services, so if your new home needs some direction, we can help you fill it with style. Contact us by any of the means available below: