A Lot Can Change in a Year

by Matt Thomas

A Lot Can Change in a Year

A lot can change in a year — certainly in real estate.

We spent a lot of time over the past year emphasizing the impact of mortgage rates. Last year brought four rate reductions by the Federal Reserve leading to lower mortgage interest rates compared to a year ago. Currently the going rate is just under 6.25%, for those who qualify. Hopefully you've learned, however, that rates can be subsidized by seller concessions bringing a borrowers effective rate into the mid to lower 5%s and even into the 4%s in many cases.

Denver Metro Area Snapshot

The median home value in the Metro Area is currently $650,000. Naturally, that number varies county by county. For instance, Broomfield county's median home value is $750,000, Adams County is $536,000 and Jeffco is $776,388.

Homes across the Metro Area are taking on average 127 days to sell, but it's important not to over-analyze that number without understanding that micro-market trends, pricing strategies and effective marketing can play in getting a specfic home sold.

Assessing Your Home's Value

So what is your home worth?

With all the various things that can impact home values in a year, you may be wondering where you stand in the market. Would you guess your property value has gone up? Are you concerned it's gone down?

Would it be of value to you to monitor your home's value like a professional? Or to have it monitored like a financial asset manager? Did you know we offer several tools to do just that?

As we've said over and over, Zillow is not the answer. It's inaccurate, it's misleading, and lately, if you've been watching the news about Zillow, you've probably picked up on what we've been saying for years: they simply don't have your best interest in mind.

As a professionals, we don't rely on Zillow to determine your home's value. We surely hope that no real estate professional does. But we recognize that it offers convenience — an easy way to peek in on your home value and get a ballpark estimate as to whether your home's value has gone up.

Our Offer To You

The truth is, online estimates don’t tell the full story. They can’t account for micro-market trends, buyer behavior in your specific neighborhood, or the condition and upgrades unique to your home.

If you’re curious what your home would realistically command in today’s market, we’d be happy to provide a detailed annual valuation — customized, data-driven, and specific to your property. No pressure, no obligation — just clear insight so you know exactly where you stand.

Would that be of value to you?

Please just CLICK HERE and my team and I would be happy to provide you a detailed home valuation to start your year off in the know and gain a more accurate understanding of the value of what is likely your largest asset.

If your plans include a home purchase (or home sale) this year but you're just not sure if you're ready, please just reach out. We are real estate consultants, not a lifeless website. We're here to answer questions, lead and guide you through the pitfalls and the opportunities of today's market.

And you can always call 303-269-1617

GET MORE INFORMATION

Matt Thomas

Consultant | Broker Associate | FAFA100030130

info@altituderealestategroup.com

+1(303) 269-1617