The Indicator Real Estate Market Update – April 1, 2021

As our world works towards getting back to normal, the Colorado real estate market is anything but normal.  Inventory is at an all-time low with prices at an all-time high.  Properties are being bid well over the asking price, even upwards of $100,000 over asking.  Demand is still very high, and the pinch in inventory has caused a very unbalanced market.  A balanced Denver market should have somewhere around 14,000 properties on the market.  We have seen this number drop as low as 1000 over the past few months. 

So what does this mean to you as the investor?  It is a great time to invest with values where they are, but finding deals seems to be nearly impossible.  Investors are seeking new ways to locate deals with their usual methods not providing the results previously experienced.  Borrowers are getting creative, and we are still seeing great deals!

We are very pleased with how busy we are at Indicate Capital given the current inventory pinch.  Production this past month has been extremely high and we are very encouraged by the amount of great deals coming across our desks.

 We would love to chat with you about your next deal! 
Give us a call at (303) 567-6334!

New Listings – 624
Sold Listings – 517
Median Sales Price – $585,000
Average Sale Price – $729,340
% of List Price Received – 102.8%
Average Days on Market – 21 days

Denver County (Colorado Association of Realtors, January 2021)

New Listings – 557
Sold Listings – 439
Median Sales Price – $530,000
Average Sale Price – $689,256
% of List Price Received – 100.7%
Average Days on Market – 24 days
 

Denver County (Colorado Association of Realtors, December 2020)

New Listings – 395
Sold Listings – 692
Median Sales Price – $548,250
Average Sale Price – $701,699
% of List Price Received – 100.4%
Average Days on Market – 20 days

Denver County (Colorado Association of Realtors, November 2020)

New Listings – 484
Sold Listings – 726
Median Sales Price – $566,250
Average Sale Price – $709,124
% of List Price Received – 100.5%
Average Days on Market – 18 days

Denver County (Colorado Association of Realtors, October 2020)

New Listings – 864
Sold Listings – 879
Median Sales Price – $582,000
Average Sale Price – $734,783
% of List Price Received – 100.7%
Average Days on Market – 20 days

Denver County (Colorado Association of Realtors, September 2020)

New Listings – 915
Sold Listings – 812
Median Sales Price – $550,000
Average Sale Price – $683,448
% of List Price Received – 100.5%
Average Days on Market – 19 days
 

Looking for your next deal?  Check out New Western Acquisitions!  They specialize in finding off market properties for investors just like you!

New Western Acquisitions is a national wholesaler that provides a wide range of investment real estate inventory for the local real estate investor.

Check them out today!
720.547.9617
www.newwestern.com

Apply now to start the private lending process.
Do you have questions? Contact our originators today at Indicate Capital!

Tyler Ideker
Jesse Kajer
Davis Butler
Max Miller

303.567.6334
[email protected]