Infographic: December 2015 Market Update for Roxborough

2015 12. Dec - Roxborough Infographic
Currently, there are 38 homes active for sale in Roxborough Village, Park, Ravenna, Chatfield Farms and Estates. Only five listings are under $400k, although all but two sales in November were under $400k. This would seem that the upper-end market is slowing down quite a bit, however, almost exactly half of the homes under contract are above $400k, and about a quarter of the homes under contract are over $600k. That market is still healthy, but this will be the slowest month of the year in that general price point. There is ample inventory throughout the Southwest area of Denver, and much fewer buyers through the holidays. December through February is the slowest time in the Roxborough area, as it is in much of the Denver area. 27 sold in December 2014, 12 in January 2015 and 11 in February.
Activity should resume early next year as inventory remains very low in the Denver area. especially in the sub $400k price point. If you have been thinking of selling and moving up, this is probably your last best chance before loan rates begin to increase next year after the expected Fed rate increase. A 1/2 percentage increase in mortgage rates will decrease your purchasing power by approximately 5%.

 

*Not all properties were listed and/or sold by 8z Real Estate. This data is based on content supplied by REcolorado, IRES, PPAR, and/or MLSListings. Content is deemed reliable but not guaranteed. Content may not reflect all real estate activity in the market.

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