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Market Conditions in Littleton : Real Estate Advice

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  • Local Info21
  • Home Buying33
  • Home Selling9
  • Market Conditions5

Activity 7
Mon Feb 17, 2014
Kimberly Ryan answered:
I have a list of all zip codes in the Metro area. This can give you a "snapshot" of all areas as a general guide and then I can give you additonal info supporting and explaining the date. The numbers are my "friends"!! ... more
0 votes 7 answers Share Flag
Mon Dec 30, 2013
Kimberly Ryan answered:
From an Appraisal standpoint, all items related to the house have positive or negative value. The county may not permit a kitchen though. From a Market perspective, there is a limited Buyer "pool" that needs a kitchen in the basement. Just like a swimming pool~ 1/2 the people like it , 1/2 don't. It therefore is a "wash"
Hope that helps!
303-523-8333
www.UrbanBurbsTeam.com
... more
0 votes 13 answers Share Flag
Sat Nov 30, 2013
Robert McGuire answered:
Kitty,

Check with one of the Trulia Pros at the bottom of the listing. They are familiar with the area and should be able to help you with this and any other specific questions in this area of Littleton.

Robert McGuire ASR
Broker/Consultant
Your Castle Real Estate
Direct - 303-669-1246
http://about.me/robertmcguire33
... more
0 votes 7 answers Share Flag
Sat Nov 30, 2013
Karen Barton answered:
Thu Sep 5, 2013
Sally Grenier answered:
As others have said, you're looking at the public record for the property. It's not listed for sale. And last sold a LONG time ago. Not sure why Trulia allows people to search for properties and they find these public records?!

Your best source of information is going to be your REALTOR. He/she will have access to the MLS which has the most accurate info.
... more
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Sat Feb 2, 2013
Robert McGuire answered:
Jan,

Those are all good answers. But even the sellers who have equity are hesitant to sell for 3 reasons. They are not aware of the significant price increases all over the Denver area that could make this the best time for them to sell. They are not aware of the supply and demand issues that make it a quick and easy time for a seller to get a home sold often with multiple offers. Also, the sellers thought is "what if I do sell my home quickly and there is nothing out there for me". We will see what happens next as we get to spring. there are still buyers and sellers who have the old thought process of waiting to springtime to buy or sell.

Robert McGuire ASR
Realtor/Consultant
Your Castle Real Estate
Direct - 303-669-1246
http://about.me/robertmcguire33
... more
0 votes 2 answers Share Flag
Mon Jan 21, 2013
Julie Montgomery answered:
Absolutely. The "bubble," a.k.a. homes prices in the Denver area and throughout the nation, BURST in 2008. If you purchased a home (especially a new home) between 2003 and 2008, it's likely your home is worth less in today's market. I also wonder if your appraisal in 2008 was for a re-finance?

Appraisers, though it's gotten much more difficult, used to sign off on literally any value for a re-finance because the loan had zero risk to the bank. You are already their customer and they "THOUGHT" they had nothing to lose.

Oops ... not only did homeowners get ripped off was ridiculously high appraisal values, but the banks lost, too. That is the primary reason the market crashed -- overinflated values, loans given to anyone who had a pulse, etc.

The good news for you today is values, in many areas, have made a comeback and it appears prices will continue rising due to huge buyer demand and low seller supply. If I can help further, please let me know.

Julie Montgomery, RE/MAX Masters, Inc., Greenwood Village, CO www.jmontgomery.com
... more
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Market Conditions in Littleton Zip Codes

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