Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Aug. 21, 2018

How to Determine the Best Time to Sell Your House

How to Determine the Best Time to Sell Your House

 

Nobody ever said selling a home was easy, even in a state as amazing—and popular—as Colorado. Yes, the population is steadily growing, especially after gaining 77,049 new residents between 2016 and 2017, but that doesn’t mean you’re going to be able to sell your home quickly and for the highest value without a bit of strategy.

 

Obviously, a real estate agent will be your best bet when it comes to selling smartly, but you can do some planning on your own to ensure that the process goes smoothly and successfully. Today, we’re going to discuss how to determine the best time to sell your house.

 

Establish your priority

People sell houses for a variety of reasons. Some people need to because they’re relocating for a job, school, or something else. Others simply want to downsize or even upsize.

 

Because there are different reasons for selling a home, there are also different priorities based on people’s needs. With this in mind, two of the priorities we’re going to discuss are selling quickly and selling for the most money.

 

Selling quickly

If you’re in the boat of “I need to sell my house fast,” then it’s best to take a look at the market to see in which months houses remained on the market the shortest. While you may not have the opportunity to wait a whole year to list your home, you can do a bit of research to see in which upcoming months homes sell the fastest.

 

Let’s look at Denver for example. The best time to sell your house in Denver quickly is the month of June. In this month, houses sell about 9.5 days faster than the yearly average. It takes around two months to close on a house here, so plan on listing in April for the best outcome.

 

Selling for the most money

Not in any specific hurry to sell your house? In some months, depending on the area, houses can sell for thousands more. Plan on selling then.

 

In Denver, the best month to sell for more money is also June. Houses sell for about 4.83% more than the yearly average. Plan to list the house in April to take full advantage of this opportunity.

 

Take Away?

Every city is unique, and they’ll all have varying months when it’s the perfect time to sell. Also note that June was the “it” month for selling both quickly and for more money in Denver, but both priorities may not align in the same month for other cities.

 

Do your research as soon as you know that you’re going to sell your house. An experienced real estate agent who understands your local market will surely be able to help you navigate the planning process and figure out when the best time to sell will be.


The team at Keenan Real Estate has been assisting both buyers and sellers in Colorado for years. If you’re planning on selling, contact us soon. We’ll be happy to make the process as quick and successful as possible!

 

Posted in Seller Info
July 16, 2018

2 BACKYARDs BBQ to benifit RELAY for LIFE

Team Keenan For A Cure
Backyard BBQ of FUN and EVERYONE IS INVITED!!!

Eat (yummy food), Play Games (corn hole, bouncy house, more..), Dance(LIVE BAND), Drink( plenty of LIBATIONS) and more importantly,

RAISE MONEY and SPEND TIME WITH FRIENDs.

We typically have a fun patio get together with good friends and yummy food so we figured this year combine the two…what a better way to raise money, Right? This is going to be our ONLY fundraiser for RELAY FOR LIFE. We want to make it BIG, and SUPER FUN for the WHOLE Family.

We would love for you to come over and not only will it be FUN but you will leave knowing you had a part in raising money to help fight cancer.

Please call me with any questions 303-564-6988 and please help us get the word out!! We can't wait to see everyone!

If you can't make this event, we understand.  We do have a link if you would like to donate to relay for a cure.  CLICK HERE

 

May 16, 2018

Market Report May 2018

All in all, good numbers across the board with the same story line of low inventory and prices moving higher.  If you are curious of your home value find it here.  CLICK ON THIS LINK

CLICK ON THIS LINK FOR INDIVIDUAL City and County Market Trends Reports | MAY '18

CLICK HERE OR ON IMAGE FOR ENTIRE REPORT

 

 

Posted in Market Updates
May 12, 2018

Happy Mother's Day 2018

 Wishing all you wonderful Moms
all the LOVE and HAPPINESS you so richly deserve!
Happy Mother's Day

From all of us here,
~Keenan Real Estate

Posted in Around the House
May 8, 2018

Upgrades that Devalue Your Home



While generally remodeling or making upgrades to your home will increase its value, there are certain changes that will devalue your home.

Converting a Bedroom

Turning a bedroom into a man cave, gym, study, studio, or any other use that isn't a bedroom will devalue your home. If you are set on converting a room, do it in a way that if you go to sell later on you can easily change it back. Or know that the conversion will drop the price of your home.

Removing a Bathroom

Why would anyone do this, you ask? Well, what if it's a bathroom in a wing of the house that isn't used and the plumbing needs to be replaced? Or you're a photographer who wants a dark room. Or you want to expand your kitchen. Similarly to removing a bedroom, decreasing the number of bathrooms in your home will almost always lead to a decrease in value.

DIY Renovations

If you want to upgrade or remodel, make sure you know what you are doing or hire someone who does. Misaligned outlets, crooked window sills and counters, and cheap materials will all be painfully evident to most buyers.

Creative Color Schemes

If you must paint your walls navy blue or bright pink, plan to repaint later on. Neutral colors are more appealing to home buyers.

Water Features

Depending on where you live, there are exceptions to this rule. However, pools, hot tubs, koi ponds, fountains and the like require maintenance. If you don't live in an area where they are the norm, then installing a water feature could deter buyers later on.

Removing Original Architectural Features and Décor

If your house is old, retaining the charming original characteristics can increase its value. Choose which you keep wisely. While arches, molding, fireplaces and stained glass windows increase value, lime green shag carpeting and pastel appliances most likely won't.

If you have any questions about your current home value give us a call 720-515-0248 or visit our site for a FREE evaluation www.homevaluecolorado.com

 

Posted in Around the House
April 9, 2018

March Report 2018

All in all, good numbers across the board with the same story line of low inventory and prices moving higher.  If you are curious of your home value find it here.  CLICK ON THIS LINK

CLICK ON PICTURE FOR ENTIRE REPORT

 

Posted in Market Updates
April 3, 2018

Spring and Summer Activities Guide 2018

Arts, Festivals, Events and Entertainment: 

Concerts and Venues: 

• Denver Area
• Colorado Springs Area
• Fort Collins/Boulder Areas
• Denver's Botanic Garden Concert Series
• Fiddler's Green Amphitheatre
• Red Rocks Amphitheatre
• Shakespeare Festival in Boulder
• Hudson Gardens in Littleton

Sporting Events: 

Posted in Family First
March 22, 2018

5 CRITERIA FOR PRICING A HOME

When you put your home up for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing decision often relies on comparisons to several recent sales in the area. Here are five criteria to look for in a sales comparison.

Location: Homes in the same neighborhood typically follow the same market trends. Comparing your home to another in the same neighborhood is a good start, but comparing it to homes on the same street or block is even better.

Date of sale: It varies by location, but housing markets can see a ton of fluctuation in a short time period. It‘s best to use the most recent sales data available.

Home build: Look for homes with similar architectural styles, numbers of bathrooms and bedrooms, square footage, and other basics.

Features and upgrades: Remodeled bathrooms and kitchens can raise a home’s price, and so can less flashy upgrades like a new roof or HVAC system. Be sure to look for similar bells and whistles.

Sale types: Homes that are sold as short sales or foreclosures are often in distress or sold at a lower price than they’d receive from a more typical sale. These homes are not as useful for comparisons.

Posted in Seller Info
March 4, 2018

DEALING WITH SCRATCHED HARDWOOD FLOORS

Hardwood floors are highly desirable for most homeowners, but they come with their share of challenges when it comes to cleaning, maintenance, and repairs. After a few months or years of heavy use from kids playing with toys and chairs being shuffled around, it may be time for some DIY fixes.

Hiding scratches: If you’ve got a good eye for matching colors, you can actually use crayons or markers or purchase wax sticks from the hardware store to fill-in scratches. Try to match the stain color on your floors, but don’t worry if it’s a little off. If the color is close, once the scratch is filled, it’ll look like a variation in the wood grain.

Polishing floors: You can make a polish solution for your floors from household ingredients. Mix olive oil and vinegar in equal parts, pour it directly into scratches, and then wipe it off after 24 hours. It may take several applications, but this homemade polish will fill and cover most scratches.

Clever decor: It’s not a long-term solution, but sometimes the most painless way to fix scratches in your floors is to cover them with a rug or furniture arrangement.

Spot sanding: For deeper scratches, you’ll need to spot sand with fine steel wool or sandpaper, use wood filler, and stain and seal the repaired area.

Posted in Buyer Info
Feb. 13, 2018

Importance of Pre-Approval

Posted in Buyer Info