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At Home With Abell to Sell |
| Volume 3 | Series 6 August 2024 |
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The average sales price over the 11 Denver Metro counties was $697,000 at the end of July 2024. This average has been decreasing month-over-month the last three months. This is a bit out of character for the Denver area as we typically see prices continue to increase through the summer months, stabilize around August, and decline slightly in the fall. The average amount of showings for new listings during the first 7 days on market is currently 2.8 showings and it takes thirteen showings on average to go under contract. The number of homes sold in July is down 5% month-over-month and the median days on market to contract is 15 days. After the recent underperforming jobs report was released, rates dropped substantially (down 1% since the recent peak in May). This recent rate drop has rejuvenated our market and we are noticing an uptick of buyer activity in the marketplace. While we do not have a crystal ball, we are optimistic that more rate cuts will be happening in the near future. |
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| | | September 13th Rockies Vs. Cubs Coors Field 6:40pm
Our Rockies Game Client Appreciation event is coming up! More information to come... |
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| | Unfortunately our ATS Summer Bash is canceled due to bad time of year with schools starting back that same week. So...we are pivoting to the ROCKIES on Sept 13 at 6:40 PM. More details and sign up to come via email, Instagram, Facebook or text us anytime for more details! We hope to see you there! |
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| Colorado Boasts Strong Mortgage Market |
| The South and Midwest have the highest share of underwater mortgages because home values in those areas fell from their peak during the pandemic housing boom. |
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| The Power of Private Exclusives & Working With a Compass Agent |
| Compass Private Exclusives offer unique benefits to both sellers and buyers in the real estate market. |
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| For sellers, this program provides a discreet way to test the market and attract serious buyers without the full exposure of a public listing. It also allows for more control over the showing schedule and privacy concerns.
On the other hand, buyers gain access to exclusive off-market listings, giving them a competitive advantage and the opportunity to discover properties before they hit the open market.
Contact me for more information! |
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| | Ticket includes a wine tasting, gourmet feast, music, and a silent auction.
Click HERE for details! |
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| | | The Q BBQ Fest is coming to Denver! Don’t miss this chance to grab an ice-cold brew and sample pure smoked bliss from award-winning pitmasters from across the country.
Click HERE for details! |
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| Lifestyle Tips and Tricks |
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The Best Lunch Spots In Denver by Neighborhood |
| Looking to go out for a bite during lunch hours? There are so many standout weekday lunch spots here in Denver. |
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| 1890 South Sherman Street |
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| | | 4 BD 4 BA 4490 SF $2,395,000 |
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| | 1877 South Emerson Street |
| 3 BD 3 BA 2346 SF $1,199,000 |
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| | | | | 5 BD 2 BA 3290 SF $1,050,000 |
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| | | 1 BD 1 BA 1008 SF $489,000 |
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| | | | | 2 BD 1 BA 982 SF $597,000 |
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| | | 3 BD 2 BA 1434 SF $472,000 |
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| | | | 1860 North Washington Street, Unit 407 |
| 3 BD 2 BA 1471 SF $680,000 |
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Thanks for reading and subscribing! Ready to achieve your next real estate goal? |
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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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