9/6/17 – Weekly Denver Real Estate Update with Team Vivi
Vivi Gloriod of Team Vivi Real Estate is here to share the trends, statistics and future of Real Estate in Denver. Watch this weeks video below.
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The Denver market has slowed over the last 2 months, which is seasonal with kids out of school and families taking vacations. The average price of a home in August decreased by 2.75 percent from the previous month to $434,478.
A record high 38,553 properties have sold this year, which is an increase of 4.35 percent from last year. There is a still squeeze on having enough homes on the market for the demand. However, there is a slow down with the political turmoil our country is seeing.
I think the flooding and hurricanes in other parts of America will continue to increase our net migration to Denver and we have years of growth ahead.