Andreea Bowen-The Real Estate Matchmaker Powered by Kelly Right Real Estate

01/18/2025

A freezing weather system is expected to impact the Front Range, Denver Metro, and Colorado Springs this weekend through early next week. With temperatures dropping significantly, it’s important to take precautions to protect your home and stay safe.

Cold Weather Tips:

Keep your heat on: Set your thermostat to at least 55°F to prevent frozen pipes.

Let faucets drip: Running a slow trickle of water can help prevent pipes from freezing.

Insulate pipes: Wrap exposed pipes with insulation or blankets to protect against freezing.

Open cabinet doors: Allow warm air to circulate around exposed pipes.

Disconnect hoses: Drain and store garden hoses to prevent outdoor pipes from freezing.

Close curtains and blinds: Draw curtains and blinds at night to help retain heat

Monitor for potential issues: Be alert for signs of frozen pipes, such as lack of water flow or unusual noises

Stay informed: Monitor weather updates and be prepared for potential extreme conditions

Know of other tips? Please share them with us!

04/03/2024

!

Maintenance free 2🛌, 2.5 🛁, 2 🏎 detached garage, no shared walls, private fully fenced side yard home-style condo🏡 in at an amazing asking price !

Find details and more photos here: https://myre.io/0x9uFb8s080j

Call/text 720.822.9222 to schedule your private showing!

12/31/2023

Since there will be lots of scared pets that might run off in the next few days, and you might find one, I hope this will help reunite them with their families !
Happy New Year! 🎆🎇🎉🪩🥂🍾

12/23/2023

12/16/2023

2024!! You’ll learn why you should have bought a home in 2023!!!

I’m going on record to say in 2024 mortgage rates will come down and home prices and demand jump by 10%+ 💯

Buyers BUY now until Feb, otherwise expect higher prices, multiple offers, and still low inventory!

One of my friends sent me this and I agree 💯!

12/14/2023

Merry Christmas!

10/21/2023

About this graphic.

The median price of an American home in 2023 is $371,200

💰 This would require the borrower's pre-tax salary to be about $100k to pay off a 30-year fixed rate mortgage (without taxes and insurance).

📈 Due to the rising rates, the salary needed to purchase a median-priced home has risen 28% year-over-year

👎A person earning $100,000 a year would not be able to afford the minimum mortgage payment in about half of the states in America.

And the fine print states this graphic is based on a 20% down payment and a 6.3% interest rate, yet we all know most people barely have the minimum downpayment saved up, and interest rates are closer to 8%

09/30/2023

It is now ALMOST cheaper to buy a new house than and existing house.

The median new house is selling for $416,000 while the median existing house is selling for $396,000.

Why?

Because existing home sales are now at their lowest since 2010 with 90% of mortgages locked-in below 5%. Yes you read that right…

This means that homeowners don’t want to sell their existing homes, leaving new homes as a big part of the supply. Builders usually choose undeveloped areas to attract buyers further and further out so it makes sense that prices are slightly lower in most areas. What do you think?

Location and demand in specific areas continue to matter… this is always important to pay attention to.

As mortgage rates near 8%, this trend is only getting stronger or what do you think?

09/22/2023

Market softening heading into late September

In the ever-evolving world of real estate, making informed decisions based on micro market conditions is paramount to your success. To help you navigate the intricacies of the market, we have compiled critical data points that shed light on the current landscape.

**Inventory Dynamics:** Late September has seen aging active inventory taking longer to sell, resulting in a growing inventory pool. Our average daily active count increased by 5.8%, with a total of 6,593 listings for sale, including 1,041 new listings. However, new listings decreased week over week by -16.3%, creating a tight inventory landscape in 2023.

**Months of Inventory:** The months of inventory have grown to 1.9, indicating a softening market in the 7 metro counties. A figure below 1 month suggests multiple offers, while the market's temperature varies geographically.

**Odds of Selling:** The Odds of Selling stand at 47.2%, slightly below the historical average of 47.8%. We are optimistic that this metric will trend positively based on data from previous Septembers.

**Demand Balancing:** To achieve a balanced market with a 6-month supply of inventory, we would need 20,776 total listings, which currently stands at only 31.7% of balance.

**Showing Insights:** Last week, 11,790 showings were scheduled, averaging 1.8 shows per property. The median time to go under contract was 14 days, with an average of 15 showings.

**Price Reductions:** Price reductions remained steady at 38.1% of units going under contract, with a slightly larger reduction size of -5.6% off the original price.

09/21/2023

Dream big and create your own oasis by building the home you've always wanted on this huge 35 acres lot, only 35 min east of Denver .

Enjoy unobstructed 360° views, direct access to the County Road 50, electricity to the lot line, great neighbors , no HOA ...
Find out more here⬇️:

https://www.homes.com/property/47853-county-road-97-lot-13-deer-trail-co/e4nhvf7bw52zz/

Get in touch if you need great lenders that work with land, a great builder contact , more information or to set up a showing !