The Indicator Real Estate Market Update – May 5, 2021

With the COVID vaccination available to the masses, our world seems to be opening back up and getting back to normal.  That being said, our real estate market is far from normal.  Inventory is still at an all-time low, average days on market are typically 1-4 depending on the county, and properties are selling for well over the asking price in extreme bidding wars.  The rental market is becoming stronger as more and more people are pushed out of buying and forced to rent given our current pricing and inventory.  Wholesalers still seem to be grabbing most of the off-market projects, and investors are forced to compete with each other on already overpriced homes.

With inventory so low, and demand so high, investors are forced to get creative in order to find new deals.  The market is so competitive, and investors are growing frustrated with the lack of inventory.  Ideally, we will start to see inventory open up over the next year, as we work through this bizarre COVID cycle.  It is pretty safe to assume our market is not going to crash, but it has to taper off or plateau sooner than later.

Lending is just like any commodity…you get what you pay for.  Sure you can find hard money lenders offering near bank rates, but with that comes very difficult processes and even poorer customer service.  Although we are still very competitive with the current lending environment, our clients do not give in to the other offers that may save a grand or two, and would rather work with us after building a strong, long-lasting relationship and witnessing our top-of-line products and service.

We continue to pride ourselves not only as one of Colorado’s premier private lenders but with our customer service and refined processes.

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

Denver County (Colorado Association of Realtors, February 2021)

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

 

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]