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April 2024 Your Castle Real Estate Newsletter



Discover the Enchantment of Parker with Unique Colorado Castle


Step into a realm of timeless charm with a unique property that has graced the market in Parker. This captivating castle boasts a split personality, blending historic elegance with modern amenities. Nestled within the picturesque landscapes of Parker, this residence offers a truly enchanting living experience. From its towering turrets to its sprawling interiors, every corner of this home tells a story of grandeur and sophistication.


Built with meticulous attention to detail, this castle seamlessly combines old-world charm with contemporary comforts. Featuring luxurious amenities such as a gourmet kitchen, spacious living areas, and opulent bedrooms, residents are treated to a lifestyle of unparalleled luxury. Whether you're admiring the breathtaking views from the castle's battlements or cozying up by the fireplace in the grand hall, every moment in this residence is an invitation to indulge in the finer things in life.


For those seeking a home that exudes character and charm, this castle in Parker is a rare gem waiting to be discovered. With its unique blend of history and modernity, it offers an incomparable living experience that captures the imagination and stirs the soul. Don't miss your chance to own a piece of Colorado's enchanting landscape and make this extraordinary castle your own!



Savvy Buyers and Sellers Shine Amidst Distracting Headlines!


The real estate world has been abuzz with news surrounding the National Association of Realtors' proposed settlement in the Sitzer-Burnett case. Despite media projections of doom and gloom for real estate professionals, the Denver market remains resilient. The spring market has exceeded expectations, with metrics such as pending and closed transactions, as well as sales prices, all showing month-over-month increases. Another positive indicator of a bustling market is the Days on Market metric, which saw its percentage cut in half month over month – indicating that buyers are placing homes under contract twice as fast in March as they did in February. While the price increases both month-over-month and year-over-year represent a more normalized pattern compared to the chaotic double-digit increases seen during the Covid years, certain aspects of the current market, such as multiple offers, appraisal and inspection limitations or waivers, and homes going under contract within days of listing, evoke memories of those turbulent times.


The most active and thus competitive price segment for detached properties continues to be the $500,000 to $749,000 range, with 1,277 closed sales and 1,573 active listings. Similarly, the most active and thus competitive price segment for attached properties remains the $300,000 to $499,999 range, with 364 closed sales and 765 active listings.




Info For Sellers: Eager Buyers Under Contract Twice as Fast as February


The increase in closed prices coupled with the significant decrease in Days on Market demonstrates that buyers are eager, placing properties under contract twice as fast as they did in February. While the spring market continues to heat up, it's worth noting a seasonal trend observed in normal (non-Covid) years. According to the Denver Metro Association of Realtors, "In Denver, peak price premiums were observed in the second half of May, with sales commanding a 2.9 percent premium over the rest of the year." This suggests that homes closing in late May likely went under contract in late April, as the under-contract process typically lasts about 30 days. After June, prices historically tend to decline until December. Therefore, if you've been contemplating selling, you may maximize profits by acting sooner rather than later.




Sellers seem to be responding to the Federal Reserve's announcement of three rate cuts this year by slowly increasing inventory. Buyers are pleased to see additional options entering the market. However, it's essential to remember that as sellers release their properties, they become your competition.


In a bustling real estate market like Denver's, staying competitive as a buyer requires a strategic approach. First, getting pre-approved for a mortgage is key—it shows sellers you're serious and ready to make a move. Working closely with a knowledgeable real estate agent who knows the ins and outs of the local scene can be a game-changer. It's also important to keep an open mind about your preferences and be willing to act fast when you find a property you love. Making strong offers off the bat can help you stand out from the crowd. And above all, staying positive and persistent, even in the face of competition, can ultimately lead you to your dream home.



* We use reasonable efforts to include accurate and up-to-date information. The real estate market changes often. We make no guarantees of future real estate performance and assume no liability for any errors of omission in the content.

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