Connecting Colorado Neighbors-The Foerster Team

FAQ: How "LOCAL" is the Real Estate Market?

FAQ: How "LOCAL" is the Real Estate Market?

 

How LOCAL is the real estate marketWhen speaking about the real estate market, the more narrow your criteria, the more accurate it will be. In other words, if you look at a Metropolitan area, such as Metro Denver, you can share statistics and trends, however it will have a broad range. What might be happening at the north end of Denver is not the same as what's happening in the south end of Douglas County.

You can narrow the criteria a bit more by looking at counties, or even zip codes, but even then, you are looking at the market with a broad stroke. The best information will be down to the neighborhood level. Typically these homes are built during the same timeframe (years), by the same builder, and the styles and amenties are similar.

 

How LOCAL is the real estate marketSo, to answer the question, the market is EXTREMELY local. If you are considering the sale or purchase of a home, please seek the assistance of a real estate professional who can "drill down" to the most impactful data available to help you determine price and value.

 

FAQ: How "LOCAL" is the Real Estate Market?

  

rich and donna

 

Donna Foerster

The Foerster Team

Cherry Creek Properties, LLC

REAL Market Knowledge. REAL Service. REAL Estate.

Serving Metro Denver

www.TheFoersterTeam.com

720-530-5554 (cell)

 

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Comment balloon 6 commentsDonna Foerster • August 31 2013 07:48PM
FAQ: How "LOCAL" is the Real Estate Market?
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FAQ: How "LOCAL" is the Real Estate Market? When speaking about the real estate market, the more narrow your criteria, the more accurate it will be. In other words, if you look at a Metropolitan area, such as Metro Denver,… more