Denver: Quick Sales for Well Located Homes
Denver’s supply is on par with the 10 year average. A balanced market would require at least 15000 homes vs. today’s 7000 available options. Located in Cherry Creek North, buyer’s have approximately 28 various options starting at $750,000.
Market Rate: The supply of homes is reflecting the Fed
Fed tightening puts a reality check on the speculating real estate buyer. Essential moves sustain the overall market. The skilled labor shortage remains the key challenge to the Fed’s success with inflation.
Market Balance: Buyers and Sellers on track for parity
The Federal Reserve’s interest rate policy to curb inflation appears to be working on controlling speculators and balancing markets like housing. Supply constraints though remain as higher costs for materials has yet to abate.
Luxury Focus : North Fork Vineyard with Gallery
Finding quality high-end new builds in today’s luxury market should include the latest options on the North Fork of Long Island. Private vineyard included.