* * * Kelli Lanphere - Selling Denver's Top Neighborhoods Since 1984 * * *

Each year, I optimistically gaze into my “crystal ball” and make predictions regarding the future of Denver Real Estate. In preparation, I reflect upon the events of the past year, analyze current market conditions, review year-end statistics and closely monitor key indicators as well as economic trends that influence the direction of our real estate market. That being said, I can enthusiastically say that I am embracing 2009 with open arms and that I am also very optimistic that this will be a much better, more balanced year for both Buyers and Sellers in our Denver Real Estate Market – especially in Denver’s well established neighborhoods!

With Spring just around the corner, our 2009 Denver real estate market is already off and running! Thanks to milder than usual weather and improving market conditions, I'm happy to report that activity and interest from both Buyers and Sellers began heating up more quickly than usual this year - a strong signal that there is more comfort with the Denver Real Estate market and, that now is the time get back in the game … Looks like already we’re off to a shining start!

This is great news because the 2008 Denver Real Estate market faced many challenges. Our economy was struggling with recession. Overpriced properties were not selling. Foreclosures were rising. Market Inventory had increased significantly and properties were taking much longer to sell - unless they were priced at 10% (or more) below market. One of the market's biggest challenges was the time commitment that it took for most Sellers to “stick with the market” in order to ultimately sell their property for a reasonable price. Denver Metrolist statistics show that it took significantly longer for most properties to sell in 2008 as compared to 2007. This trend was consistent in virtually every neighborhood and over every price range - an especially so for the million-plus market which struggled with an oversupply of inventory. Although the National real estate market is still struggling, Denver’s market has already begun to show signs of recovery and is now attracting serious Buyers who are ready, willing and able to buy competitively priced homes.

So, how will 2009 fare? The best analysis seems to suggest that the worst is over and that Denver's Real Estate Market is finally on the mend! With last year behind us, we are already moving full speed ahead into the promise of a new year. While the influence of war (and the pursuit of peace) remains a very powerful variable in each of our lives, consumer confidence remains fairly optimistic and will likely continue to be the backbone of our economy. All these things seem to be influencing the 2009 Denver Real Estate Market in a very good way as there looks to be positive movement and Buyer activity in almost every Central Denver neighborhood. As oversupply works its way down, prices will begin to adjust accordingly. Patient Sellers should benefit from a more balanced market while savvy Buyers should benefit from low interest rates and ample inventory - while it lasts.

That being said, our looks bright and is poised to shine in 2009! Favorable market conditions (low interest rates, reasonable property prices, ample supply, etc.) should continue to attract serious Buyers to our marketplace. If you're placing your property on the market this year, you can expect it to take less time to sell than it did last year (so long as the property is reasonably priced). Home values should continue to stabilize in the more popular price ranges and neighborhoods as oversupply works its way down and positive price adjustments are realized.

If you are planning on buying or selling this year, statistics show that market activity is generally strongest in the first 6 months of the year. Sellers, now is the time to get your properties exposed to the greatest number of serious Buyers. And Buyers, now is the time to take advantage of the still unbelievably low interest rates! Don't wait too long to get in the game because it looks like the 2009 market is already in full swing! So, here's to another exciting - and more balanced - year for both Buyers and Seller in a strengthening Denver real estate market. In the meantime, I wish you a wonderful year in which your hopes and dreams come true ... And, if those dreams include buying or selling a home, please remember to contact me - I'd love the opportunity to be of service to you!

• Short Sales: A Dignified Solution
• Find Your Dream Home ...
• Mortgage Partners & Information
• Discover Hilltop
• Cherry Creek Mortgage - Carolyn Carnie
• Discover Hilltop-Crestmoor
• Cherry Creek Mortgage - Debra Hicks
• Denver's Top Neighborhoods
• Wells Fargo Home Mortgage - Mike Smith
• Cost vs. Value Remodeling Report
• The Fairways at Pole Creek
• Green Home Makeover
• Cabin Living - Member Access Only
• Denver - Travel & Tourism Guide
• Making a Difference
• Denver News & Entertainment
• Power of One - Strength of Many
• Our Favorite Colorado Getaways
• Kelli's Favorite Quotes
• Re/Max of Cherry Creek, Inc.
• Secure Client Log-in

Home | Kelli's Listings | Search for Homes | Selling A Property | Buying A Property | Seller Log-in | Buyer Log-in
Neighborhoods | Relocation | Best in the West | Special Information | Meet Kelli | Contact Kelli