Trends and tips to strategically navigate the market
Damian Maldonado //July 19, 2017//
Trends and tips to strategically navigate the market
Damian Maldonado //July 19, 2017//
A May 2017 statewide report from the Colorado Association of Realtors tracked a 5.1 percent year-over-year increase in sold listings through the first five months of 2017. Average selling prices rose 11.4 percent and the median selling prices rose 9.6 percent during the same period, the agency reported. In all three areas, the Colorado real estate market is growing faster this year than it was during 2016.
How do you profit from this as a homeowner?
Below are three trends we’ve spotted in the hundreds of calls we get from buyers and sellers every day.
3 Paths to Profit
Hot markets offer sizzling opportunities to those willing to act. All three of these ideas can help you make money right now:
For much of the past decade it’s been good to be a Colorado homeowner, or home buyer. Times haven’t changed much in that regard. Rents are up, property values are soaring in some areas yet moderating in others, which makes it a vibrant market rich with opportunity. Take advantage by renting extra space if you own a home and shopping around for good deals in emerging areas if you don’t — or if you want to trade up. Also, invest in your home: a few quick repairs can make you thousands in equity, which will come in handy when it’s finally time to sell.
For a growing number of us, that time is right now.