April 2019 ~ Real Estate News
From the team at the
Red Door Group

Amy Ballain | Sean Ballain |  Gretchen Blase | Hadley Trent |  Jill Forman | Jon Hart
Metro Denver is still a seller's market, but increased housing inventory means improved conditions for homebuyers.
In March, the number of new residential listings (single-family and condos) was up 21.75 percent from February, and buyers liked what they saw, with the number of homes going under contract increasing 27.39 percent from the month prior, an increase of 4.27 percent year over year.

"When more homes go under contract than come on the market, it begins to chip away at the surplus inventory that built up in the last half of 2018," said Jill Schafer, Chair of the DMAR Market Trends Committee and Metro Denver REALTOR®. 

"While buyers are starting to push back on sellers' list prices, they still have to put their best foot forward because, comparatively speaking, there's not a lot of inventory to choose from."

According to Schafer, while it's not likely that Denver real estate will be in for another record-breaking spring and summer, things won't be slowing down much either, as the number of agents still searching for something to meet their buyer's needs is reflected in the low months of inventory. 

The market under $1 million is still very much a seller's market, and the market over $1 million is almost equal between buyers and sellers, with 5.16 months of single-family inventory, and 5.59 months of attached-home inventory. "At this point, buyers still do not have the upper hand in any price range," adds Schafer.

In March 2019, 169 homes sold and closed for $1 million or greater - which is up 30 percent from February, but down 9.14 percent year over year. The closed dollar volume in the luxury segment was $262,491,476, up 31.79 percent from February, but down 7.12 percent year over year.
  
 
4 Reasons This Spring Housing Market 
Is Better Than Last Year

If you're looking to buy or sell a home this year, now is a great time! Let's get together today to go over what is happening in the Spring Market and what it means for you.

4 Reasons This Spring Housing Market Is Better Than Last Year
4 Reasons This Spring Housing Market Is Better Than Last Year



Welcome new team member!
Sean Ballain!


Sean is a Colorado native who grew up in Fort Collins, CO and graduated from Colorado State University in 1992 with a degree in Accounting.  Sean's desire to help people lead him to become a Police Officer not long after graduating college.  Sean spent 5 years as a patrol officer before he joined the Colorado Division of Gaming as a Criminal Investigator.

Sean received his real estate license in 2007.  Although he remained working for the State of Colorado, he assisted Amy with various aspects of her real estate career.  Sean took an early retirement this year and has joined Amy as a full-time Realtor with The Red Door Group.  He's excited to get the chance to help people in an entirely new way.

Sean and Amy married in 1996 and have two children, Derek and Taylor.  Derek is a sophomore at Arizona State University and Taylor will be a freshman there this fall.  With two kids going to college, this gives Sean and Amy plenty of time to travel and spend with to their three dogs, Gunner, Stella and Mack.

You can reach Sean Ballain at:
Cell: 303-859-6891

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