Buyers looking for homes for sale in Evergreen, CO are very aware of the inventory challenges we are facing in the Denver Foothills. Luxury homes and average priced homes are at the lowest inventory in years. Real estate companies are scrambling to find homes buyers at all price points. This is a shortage that is happening all over the country but Denver and the Denver Foothills are feeling the pinch a little more than most. One reason is that new homes are not being built fast enough keep up with the demand.
Realtors are seeing a slight increase in inventory but it is still leaning more towards a seller’s market. If anyone is thinking of selling their home and leaving the area many real estate agents believe this is the time. Not that we are at the top of the market but most agents believe we will not be able to see growth like we have in the past few years. It isn’t sustainable even in such a high demand area.
Another reason we are seeing low inventory is many residence don’t want to upsize or downsize at the moment in the fear that if they list their home and go under contract they won’t be able to find a home to move into. That has always been a large part of the market, people buying and selling their home and staying in the area.
There is still plenty of market movement and it isn’t like there aren’t any homes for sale in the Denver area. It is just that a buyer needs to jump on the homes as soon as they hit the market. There isn’t really much time to waste when a new listing hits the market. That is why it is important to set buyers up on automatic email updates to get alerted the moment a home comes on the market. This fast paced market calls for high tech websites that keep buyers informed of price changes, new listings and solds just like danskellyrealestate.com does. Sites like this are much better than any of those national sites. The listings on local real estate sites are updated much more than larger sites and give much more accurate information.