Calibrate Real Estate is pleased to announce the sale of a single family home in Centennial’s Walnut Hills neighborhood, located at 7450 S. Spruce St. The 3,544 SF home was ideally positioned for an investor looking for a fix and flip opportunity.
Calibrate Real Estate was proud to represent the Buyers in this successful transaction!
Employing Broker, Kyle Malnati, was able to help our client sell their house in Homestead for $1,100,000 and upgrade into a larger home in Castle Pines Village
Calibrate real estate is happy to announce the sale of a Mayfair Duplex located at 1110-1112 N. Krameria St.
Calibrate Real Estate is excited to announce the sale of a Highlands 4-Plex located at 4528-4534 W. 35th Avenue! Kyle Malnati and Matt Peterson represented the Seller in the transaction.
Speed is the main takeaway from this report – it’s not so much that there are no listings, but they are going under contract incredibly quickly. Buyers need to be ready to make an offer quickly in order to win out on their dream home. The average sold price jumped by 20% from this time last year.
How did the housing market perform this month? REcolorado market statistics for January show it’s a Seller’s market. With a decrease in new listings, the average sold price for single family homes rose by over 16%! Throughout the month 3,164 homes closed, a decrease of 6% year-over-year. Sellers brought 4,285 New Listings of homes for sale to the market, 12% less than last January. Strong demand kept home prices high.
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2020 was record breaking for the Denver Metro housing market. According to REColorado, Brokers wrote more contracts on listings and more homes sold than any other year on record. The number of New Listings sellers brought to the market could not keep pace with demand, which pushed down inventory levels. Prices reached all-time highs and half of all homes spent a week or less in the MLS.
3 Potential Tax Law Changes that Would Affect Investors. 1. Raising capital gains 2. Elimination of substantial reduction of tax-free estate transfer upon death; and 3. Elimination of the 1031 tax deferred exchanges
Meanwhile, apartment owners face their own crises. The mom-and-pop landlords who rent out older and often more affordable small complexes were less likely to receive federal aid in the form of forbearance for federally-backed mortgages. And only about one-third of smaller property owners have federal loans, said Bob Pinnegar, President and CEO of the National Apartment Association.