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There Is Nothing Out There
Dated: April 3 2017
A February study by consumer services website Bankrate.com found that Colorado is the eighth-hardest state in the nation for first-time home buyers. Prices are up and inventory is down — way down.
Listings of single-family homes and condominiums in the metro area hit an all-time low in February of 3,878 units, according to a report released March 3 by the Denver Metro Association of Realtors.
A January report from DMAR showed Denver County's inventory of single-family homes plummeted, down 44.9 percent from 2016. In Jefferson County, available single-family homes dropped by 38.9 percent, and Arapahoe and Adams counties saw decreases of 34.2 and 32.1 percent, respectively. Douglas County's inventory decreased 27.8 percent.
Sandi Zimmerman, a Castle Rock Realtor, doesn't need to see the numbers to know available homes are lacking.
“There's nothing out there,” she said.
Zimmerman has had success finding homes for clients over the last couple of years, but it wasn't easy. One family she worked with throughout most of last year wrote seven contracts before closing.
“Be ready and be patient — those are really the two things you have to do,” she said. “This process could take six months.”
My name is Michael Ross Steffen. I’m an Exit Realty Cherry Creek Agent in the Denver metro area and Team Leader For Generation Property Group! We specialize in advanced Internet marketing, buying, s....