There was a pronounced increase in interest rates a year ago, and we seem to be facing another jump. For our clients, thoughts of a 5-year loan at 4.25% are starting to fade. Interest rates are on the rise again.
Prices continue to climb in the Central Denver apartment market. The average sale price has surpassed $185,000/unit. Despite increases in vacancy and interest rates, prices continue to climb, could Supply vs Demand be the cause?
Almost every real estate listing can be distilled to three primary concerns for the Seller: price, time, and stress. The Seller of an apartment building at 9th Avenue and Washington Street presented Calibrate Real Estate with a challenge… “please find a no-drama, all-cash buyer and get this property sold in less than one month’s time!”
Calibrate hosted an exclusive Tax event earlier this year with the goal of educating Calibrate clients and creating a sense of community for apartment building owners. The “main event” for the evening was a detailed presentation by Denver County’s Assessor, Keith Erffmeyer, which included everything you need to know about property taxes.
Almost every real estate listing can be distilled to three primary concerns for the Seller: price, time, and stress. The Seller of an apartment building at 9th Avenue and Washington Street presented Calibrate Real Estate with a challenge… “please find a no-drama, all-cash buyer and get this property sold in less than one month’s time!”
Calibrate hosted an exclusive Tax event earlier this year with the goal of educating Calibrate clients and creating a sense of community for apartment building owners. The “main event” for the evening was a detailed presentation by Denver County’s Assessor, Keith Erffmeyer, which included everything you need to know about property taxes.
We are often asked about the direction of the apartment market and how current events will affect multifamily owners. Central Denver apartments appreciated 74% (7/12-6/14) and another 23% (7/14-6/16)! Learn more by watching our market report video.
The growth of sales prices has slowed down from its recent skyrocketing trajectory. The 6.7% growth rate and $10,000 increase in the average prices per unit from 2015 to 2016 are the lowest figures in five years.