North Metro Denver Real Estate Market Report July 2020

North Metro Denver Real Estate Market Report July 2020

Metro Denver real estate posted a number of records in July even while the daily number of COVID-19 cases reached record daily levels in the U.S. Homebuyers were not slowed by the pandemic as June’s record number of pending sales converted to an all-time high in the number of closings in any one month.

NORTH METRO DENVER REAL ESTATE MARKET REPORT JULY 2020

Nearly seven percent more properties closed in July than the Denver area’s previous high in June 2017.

Brighton Single Family Homes Sold Trends

NORTH METRO DENVER REAL ESTATE MARKET REPORT JULY 2020

The single-family Luxury Market, homes priced $1 million or greater, had one of its strongest months in almost every statistical category and July 2020 was completely different from July 2019. There was a 53.45 percent increase in new listings compared to
last year.

Thornton Single Family Homes YTD Over the Last 5 Years

NORTH METRO DENVER REAL ESTATE MARKET REPORT JULY 2020

In Broomfield, Westminster, and Thornton, sales were the highest we have had in 11 years! Pent-up demand from the COVID-19 home-showing shutdown and the continued lack of choices forced homebuyers to bid against each other. Many sellers collected
multiple offers at or above asking price.

There was a 53.45 percent increase in new listings compared to last year. The number of pending transactions jumped 104.62 percent from 195 last year to 399 this year. The number of closed deals in July increased 61.06 percent and both the
median and average days in MLS decreased from the previous year.

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 July 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, and more online marketing.

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 an 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 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 June 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 July 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
ckernsells@gmail.com