The Denver Real Estate Broker Blog

Shadow inventory and why its important for Sellers in Denver

Shadow inventory and why its important for Sellers in Denver

House ShadowBefore we talk about Shadow Inventory we have to look at what the definition of inventory is.  Inventory in real estate terms is the current number of homes that are actively on the market. When we Realtors talk about inventory, we like to express it in the number of months. You determine this by calculating how many homes are selling in a given area vs. how many homes are on the market in that same given area. By doing this it gives us an indication as to the amount of months it will take to sell the existing inventory. For example, if there are 100 homes on the market in a given neighborhood and only 20 are selling per month,...

Massive Real Estate Growth Likely as Denver Colorado Comes of Age.

Massive Real Estate Growth Likely as Denver Colorado Comes of Age.

I feel an overwhelming sense of pride as I look at how this great city of Denver will evolve over the next 7 years. I am a native Coloradian having grown up in Congress Park and then Parker, Colorado. Having lived in Colorado my whole life I have seen the city grow from a small little cow town into the beginnings of truly metropolitan city. I remember a time when it would snow on Friday and you could get up on a Saturday, hop in the car at 8:00 and be in Vail at 9:30. I remember the very limited number of restaurants that were semi-good if you choose to eat out. I remember when all interstate highways in...