North Metro Denver Real Estate Market Report March 2020

North Metro Denver Real Estate Market Report March 2020

March started off trending as an incredibly strong spring market. By the end of the March, we were wondering what is ahead for us, our industry and our country. Following the “Stay-at-Home” executive order by Colorado Governor Jared Polis, on March 26 ‘real estate’ was classified as a ‘critical business.’

There are people out there who need to buy a home and others who need to sell, so we continue to work. But the way
we do our jobs has changed. We are no longer holding open houses, driving with our clients or even riding in the
same elevator. We are completing transactions at no-contact, curbside closings with closers wearing gloves and
masks. We have a new contract, called the COVID-19 Addendum, that allows a transaction to be extended in the case
a homebuyer or seller is exposed or quarantined, as well as new CDC regulations to follow when listing homes.

North Metro Denver Real Estate Single Family Home Sales by Price

While transacting real estate is different, it is still being transacted. In the entire metro area in March, 30.24 percent more new listings came on the market, which pushed the number of active listings at month’s end up 19.46 percent to
5,776.

Brighton Single Family Homes YTD Over the Last 5 Years

In the Premier Market (homes between $500,000 and $749,999) in March, the number of homes sold increased by
22.37 percent year over year. The average and median days on market dropped 15.38 percent year over year to 33
days and 42.86 percent to eight days, respectively.

Thornton Single Family Homes YTD Over the Last 5 Years

There has been a trend to withdraw homes from the market during this pandemic event, however, there are still sellers
and buyers that need to move during this time. Days on market in the luxury market in Westminster are still trending
33 days on market. In the Thornton, Brighton and Broomfield markets, inventories are staying on market closer to 60
days. Be sure to check out your city on my report to see how home sales are trending near you!

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 March 2020

Helping You Make Informed Decisions Regarding North Metro Denver Real Estate

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 February 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 March 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? Do 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