In 2017, home staging will become an even more important tool when it comes to taking advantage of Denver’s rising home values. Today, we’re talking about some of the most critical Denver-area real estate trends for 2017 – check out what’s in store for the Denver real estate market in 2017 so you can make the most of them.
Denver, Colorado was recently named one best places to live in the US by US News and World Report. Denver also happens to be one of the country’s hottest real estate markets. In fact, Denver real estate made Zillow’s top ten housing markets for 2017 with home prices rising 3.6 percent. That said, we’re keeping a close on eye the real estate trends popping up around Denver, Colorado this spring as prime real estate season gets under way. We’re talking pricing trends, mortgage trends, neighborhood popularity, and even home decor trends. If you’re looking to buy or sell in the Denver area in 2017 take a look at these upcoming spring Denver real estate trends.
Home Pricing and Mortgage Trends
Denver’s population and job market are booming. These pressures are increasing the demand for housing. Unfortunately, new construction has failed to keep up with the demand and low inventory continues to push home prices up. Mortgage rates prices may also be on the rise. As a result, buying earlier in spring, rather than later, could be ideal.
The Denver Post suggests that a decline in prices within the next year is unlikely. Denver’s job growth (particularly in the tech industry with employers like BrightNest and Google) has catapulted the city solidly it into a popular area. Based on this, it could be beneficial for home-seller take full advantage of their home’s value by home staging and listing.
According to Redfin, the following neighborhoods will be Denver’s fastest appreciating neighborhoods for 2017.
1. Greenfield (in Aurora) – 97.6% Average Sale-to-list, Median days on market are 42
2. Old Town (in Arvada) – 98.1% Average Sale-to-list, Media days on market are 9
3. Athmar Park – 100.2% Average Sale-to-list, Media days on market are 10
Additionally, Zillow predicts these will be the Denver real estate market’s are the fastest appreciating neighborhoods in 2017:
1. City Center North (in Aurora) – 8.8 percent forecasted home value growth;
2. Centretech (in Aurora) – 8.7 percent forecasted home value growth;
3. Elyria-Swansea (in Denver) – 8.6 percent forecasted home value growth;
4. Globeville (in Denver) – 8 percent forecasted home value growth;
5. Westwood (in Denver) – 7.6 percent forecasted home value growth.
Whether you’re staging a house or planning some interior decorating, Colorado décor is moving away from the monochromatic trend that has been popular in recent years. Eclectic design choices are on the rise in Denver real estate. A smart mix of pieces from different time periods and/or cultures brings a worldly and authentic appeal to homes. Natural elements are going to be big – it’s all about bringing the outdoors in. Staging a house in an eclectic style will take a professional home stager to exercise restraint. When it comes to home staging – less is more. Andy home staging project is ultimately about emphasizing the positive features of a space. Too much decor can be a distraction. Curious what your home staging style is? Take this quiz to see!
We Know Denver Real Estate
White Orchid knows Denver real estate. In fact, we’re the premier company for home staging in Denver and Boulder. To see what we mean, check out one of our latest home staging projects in the Denver area. This home went from vacant, to a mid-century masterpiece selling for thousands over its asking price.