The Denver property market continues to perform at record setting levels as buyers take advantage of low interest rates and pent up demand push prices higher. Inventory remains very low as the number of contracts plus withdrawn listings exceeded the amount of new supply last week. Days on market is among the lowest year to date and the average home is selling for nearly 100% of list price.
The Denver Metro Association July market report found that average prices rose by 9.92% in July versus July 2019. This follows the trend that Atlas has been tracking weekly as low supply, high demand push the market higher. The luxury market has also made a strong recovery, transaction volume for homes priced above $1,000,000 increased by 57% versus July. Higher price point buyers and sellers were previously sitting on the sidelines but activity is now above 2019 in terms of volume and pricing.
Level 2: Optimizing Cash Flow With Multifamily Investments
Aug 13, 12PM (MST)
This session was designed to help experienced investors optimize their portfolios. In addition to taking questions from the audience, we will cover the importance of geodiversity in your portfolio and the difference between investing in apartments vs. syndication.
As always, we're here to be a resource. We understand that each person’s situation is unique, so if you have questions or want to talk through your strategy simply reply to this email to set up a conversation with one of our experts.
