North Metro Denver Real Estate Market Report April 2020

North Metro Denver Real Estate Market Report April 2020

It is amazing how resilient people are. Despite the fact that ‘Stay at Home’ orders kept us in our homes, many were
making plans for how they would be ready to change when the orders changed. Home showings declined to
record levels in early April, which makes perfect sense. We couldn’t leave our homes and go look at other homes.

On March 9, home showings in the Denver area started dropping from a 2020 high, according to ShowingTime, to a
low on Saturday, April 18. As the market adapted, home showings started to increase.

North Metro Denver Real Estate Single Family Home Sales by Price

Colorado’s stay-at-home order switched to a safer-at-home plan on April 27 and on that day approximately 3,500 showings were scheduled, more than any other Monday in 2020. The number of showings have continued to increase every day since.

Brighton Single Family Homes YTD Over the Last 5 Years

In the North Metro luxury market the trends are similar to the declined sales of the total metro area. Homes sold
under $550k decreased 16%, and homes between $550k and $650k decreased 35%. However home sales from
$650k to 850K are up 5% for the year and home sales above $850k have increased by 25% over 2019. The Luxury
market had started out strong and it will be interesting to see if it continues with lenders having tightened the
requirements for obtaining jumbo loans.

Thornton Single Family Homes YTD Over the Last 5 Years

There was plenty of positive news from April’s statistics. While many worry about the economy and their stock
portfolios, Denver-area residential real estate remains a good investment. The close-price average was down only
1.79 percent at $503,231 from the record in March of $512,386, but that’s still up 1.52 percent year over year and
up 3.99 percent year to date. The median close price was up 6.10 percent year to date.

If you want similar in-depth information and a breakdown of different areas such as Gleneages Estates, Todd Creek, Brighton Crossing-Brighton East, Eagle Shadow, Keenesburg and Cavanaugh Hills download the full 11-page North Metro Denver Real Estate Market Report April 2020

Helping You Make Informed Decisions Regarding North Metro Denver Real Estate

As we move towards safer-at-home protocols and increasing guidelines for showings, the value of a REALTOR® is
becoming even more important,. I know I am having to work harder to get my listings in front of potential buyers
including matter-port tours, more online marketing and virtual walk throughs. On the listing side, I am coordinating
the extra work for our home sellers to pre-screen potential buyers and verify real estate agents are adhering to
showing protocols while ensuring sellers are keeping homes sanitized after every showing.

I produce this monthly report to provide you with a high level overview by looking at the patterns and trends. My goal is to help YOU make sense of the numbers so you can make informed decision. It is my hope that this report helps you to ”See the Big Picture and All the Details!”If you see a segment of the market that you would like additional help with understanding please contact me. Or if you desire a specific Home Estimate that I routinely prepare for my clients, please contact me, I would be happy to go to work and get that to you. This report covers Single Family Homes for the Brighton, Thornton, Broomfield and Westminster area which includes the specific areas such as Gleneagles Estates, Todd Creek, Brighton Crossing-Brighton East, Eagle Shadow and Cavanaugh Hills.You will also see a ”slice” of the data by Price Range and by Area for Single Family Homes to provide a more insightful view of the market.

Get your North Metro Denver April 2020 Real Estate Market Report Now

How can I help you with Your North Metro Denver Real Estate Needs?

This North Metro Denver Real Estate Market Report April 2020 and the level of detail is representative of what you can expect from me as your Real Estate Agent. I hope I can provide the same amount of expertise and insight for you when you are looking to buy or sell in the North Metro Denver area.

Do you wonder what your home is worth in the current market? You have questions or want more information about something in the market report? Do you desire a specific Home Estimate that I routinely prepare for my clients? Please contact me or visit this link to get the ball rolling.

Christina Kern
Associate Broker
Residential Home Specialist & Global Luxury Specialist
Coldwell Banker Residential Brokerage North Metro Office
(303) 915-0809