So many Halloween festivities. The candy. The costumes. The candy. Did I mention the candy? When will it stop? We went to school events, our neighborhood event, down to Golden for our usual trick-or-treating with old friends. It was all out Halloween for the past four days.
And get this, the older kids all went treating by themselves. The parents were not invited. What? We’re not cool enough or something? It’s smart candy-protecting practices, though. Monsters.
The family and I went to a show in Evergreen with my in-laws. It was a fun little concert, and the music was decent. But I realized I don’t dance anymore. Maybe it’s because I don’t drink anymore? I don’t like it, though. I envision myself as one of those moms who dances with their kids. That’s the goal, so I’ll have to dig out the ol’ dancin’ shoes.
The new year is upon us, and I’ve started doing some business planning for it. I always love that so much. It’s so full of potential and promise. I haven’t messed anything up yet. It’s a good headspace to be in. Highly recommend.
Oh! Bridger has started to go to CrossFit, so that’s pretty cool. And Sterling may be starting rugby soon. And I’m looking to start a softball team next spring. I’m going to ask my fellow CrossFitters and put together a killer team.
Okay, and here’s your weekly pie announcement: Get your pies! Orders need to be in by Monday, November 7th. They’ll be available to pick up the week of the 21st. You’re gonna want one of these pies, people. I promise.
My Real Estate Status
I had some showings last weekend, and my client really liked a house. We put an offer in, and we got it. Love it. I met this couple at my very first open house ever. It was four years ago. And look at us now- under contract, and so far, things are looking good.
So, I know the market is crazy, and people aren’t buying much due to the high interest rates. But, listen, if you’re ready to buy, let’s talk. I can help you decide if the time is right for you!
The Non-financial Benefits of Homeownership
Current Denver Area Real Estate Market
"The market continues to calm heading into November. With Halloween this last weekend the market cooled as people headed off to celebrate the holiday with kids. Our average daily active count came down this last week to 7,110 homes available for sale by -0.6% from the last week. This is due to a month-end purge of expired listings and -13.0% fewer homes coming on the market as we kick off November. Even though our active inventory is down, our pending transaction count fell by -6.9% to 769 units going under contract last week. This increased our predictive months of inventory to 2.1 months, which we have not seen since October of 2018. It is typical for us to have 1.5 months of inventory in the month of October based on data from 2013-2021. If we remove the COVID years, and only look at 2013-2019 the typical months of inventory is 1.8 months of supply.
Median days on market grew to 26, up from the 21 we saw last week and are likely to continue to grow as we wrap up 2022. The last time we say median days on market at this level was back in December of 2019. Looking back on the data for median days on market for 2013-2022 was 12 for the month of October. Again, removing the COVID years and only looking at 2013-2019 median days on market for October were 14. It is taking just under 2 weeks longer to sell a house that what we have experienced seasonally this year in 2022."
Sell Your House Before the Holidays
As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the location or size of your current home no longer meets your needs, finding a house that better suits your lifestyle may be a top priority for you. But with today’s cooling housing market, is it really a good time to sell your house, or should you wait?
If you’re ready to make your decision, here are three reasons you may want to consider selling before the holidays.
1. Get One Step Ahead of Other Sellers
Typically, in the residential real estate market, homeowners are less likely to list their houses toward the end of the year. That’s because people get busy around the holidays and deprioritize selling their house until the start of the new year when their schedules and social calendars calm down.
Selling now, while other homeowners may hold off until after the holidays, can help your house stand out. Start the process with a real estate professional today so you can get your house on the market and get ahead of your competition.
2. Get in Front of Serious Buyers This Season
Even though housing supply has increased this year as buyer demand has moderated, it’s still low overall. That means there aren’t enough homes on the market today, especially as the millennial generation reaches their peak homebuying years. As Mark Fleming, Chief Economist at First American, says:
“While not the frenzy of 2021, the largest living generation, the Millennials, will continue to age into their prime home-buying years, creating a demographic tailwind for the housing market.”
Serious buyers will still be looking this winter and your house may be exactly what they’re searching for. If you work with an agent to list your house now, you’ll be able to get in front of the eager buyers who are hoping to make a move before the year ends.
3. Seize a Great Chance To Move Up
Don’t forget, today’s homeowners have record amounts of equity. According to CoreLogic, the average amount of equity per mortgage holder has climbed to almost $300,000. That’s an all-time high. That means the equity you have in your house right now could cover some, if not all, of a down payment on the home of your dreams.
And as you weigh the reasons to sell before winter, don’t lose sight of why you’re thinking about moving in the first place. Maybe it’s time to buy a house that’s in a better location for you, has the space you and your loved ones have been craving, or simply gives you that sense of home. A trusted real estate advisor can help you determine how much home equity you have and how you can use it to achieve your goal of making a move.
Bottom Line
If you’re thinking about selling your house so you can find a home that better suits your needs, don’t delay your plans. Let’s connect so you can accomplish your goals before winter.
Upcoming Events
- Southwest Plaza for First Friday Live Music- Enjoy some live music by the fireplace as you eat some yummy food!
- Wilderness First Aid, CPR, AED- Learn all about real-world topics like trauma, bone and joint injuries, abdominal illness, and more that could affect you in a wilderness or remote setting.
- Sparkle & Shine: Annual Business Awards & Gala- Get all dressy and head out for an evening filled with casino tables, fantastic food and drink, and hanging out with fellow business owners.
- deadmau5 Presents We Are Friends Tour- deadmau5 live at Red Rocks Amphitheatre Friday, November 4th, don’t forget your mouse mask!
- The 2022 CN&N Holiday Boutique- Who’s ready for the holidays? Get to the Holiday Boutique in Conifer and support local artists when you buy your gifts.
- Nightmare Before Christmas Performance- Watch the classic holiday movie in a whole new way this year!
- Yoga at Botanic Gardens - Chatfield Farms- Let’s get bendy as we look at the red rocks; it’s the duo you never knew you needed.
