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Denver RE Market Update: February 2023

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Marco Randazzo

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Below, on the left has a graph or a weblink that you can click on. On the right is a brief description of that content. 


I hope that you find this helpful. For market insights, follow on IG @soldbymarco 

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Featured Listing

This is one of the coolest homes you'll see in Lyden Rock. It hits the market February 9th. 


"Custom designed 6 bed, 5 bath, 3 car garage, craftsman style walkout ranch with sweeping unobstructed city and mountain views front to back, and over $200K in post-construction upgrades: finished walkout basement with 9 ft ceilings."

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#1) Inventory

#1) Inventory: Supply & demand


Denver is down to 1.0 month of inventory. We are starting to return to some normalcy which is refletive of the market from 2015 to 2019.

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#2) Jobs

Jobs: The unemployment rate in Denver has dropped to 3.3%.


Check out this article (linked on the left) from the Denver post.

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#3 Interest Rates 

Interest rates: They are down to around 6%. Although they're volitle, all indications are that they are trending downwards. 


Check out this Forbes article (linked on the left.)

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Sellers

As long as the demand outweighs the supply, it will always be a good time to sell. February - May is historically when home sell for the most. So if you want to capilaize on the best time seasonally, it's a good idea to be fully prepared with a game plan so that you are ready to go when you decide the time is right for you.  


In the link to left, scroll over each year through the spring months to see the seasonal trends.

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Buyers

When’s the best time to buy? As soon as you can. 


Timing the market is impossilbe. Currently, we are seeing a solid mix of home sitting on the market, but just as often there's multiple offers for new homes on the market. The demand has picked up. It may only get harder/more expensive as time goes on. 

*To have full clarity on your options, a buyer consultation is the first step.

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Denver Real Estate Podcast

Podcast: Sold By Marco

I have a podcast created to help give you the information you've got to know as a buyer seller or investor in Denver.
Listen on iTunes, Spotify, YouTube, or wherever you get your podcasts.

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Client Reviews & My Bio

In the link to the left, you can read what my clients have said about working with me.

Instagram: @soldbymarco
YouTube: Sold By Marco

My name is Marco Randazzo. I’m a Real Estate Agent here in the Denver area. I live in Arvada with my wife, our son, and our puppy. I come from an entrepreneurial background as a freelance music teacher and music producer. In addition, my wife and I ran a successful wedding photography business shooting 30 weddings a year. When we bought our own house in 2017, I learned a lot about the Real Estate industry and was eager to dive in deeper. I became passionate about real estate, got my Real Estate license, joined a brokerage, and quickly saw that a lot of my personality was made for this career. In 2021, I ended up selling over $17,000,000 of real estate! In addition, my wife and I bought our second home and turned our first into a successful Airbnb. I love being able to help so many people accomplish their real estate goals and dreams. I'm now an expert at this and I love what I do.

Have any qwuestions? Fill out the form below and I'm happy to help.

Author

🏠 My clients have CLARITY on what to expect.

🏠 They are in CONTROL of all decisions.

🏠 They are CONFIDENT in their actions and timeline.


In 2022, I was grateful to have helped 26 families buy and sell. Heading into the spring of 2023, the market is alreday starting to get competitive for buyers. I'm here to help give you your best shot at getting under contract at the price and terms that are important to you. I love people, I love real estate, and I'm looking forward to helping you! 


- Marco

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