RE/MAX Professionals
TOWNSHIP AT DAKOTA
10111 Inverness Main Street, Suite P, Englewood, CO, 80112
DANIEL M. HILTY
DANIEL M. HILTY
REALTOR®, MCNE, NAR, DMAR Direct (720) 256-4703 Office (303) 799-9898 Daniel@DMHHomes.com TownshipAtDakotaLifestyle.com
Making Your Denver Lifestyle a Reality TownshipAtDakotaLifestyle.com
www.TownshipAtDakotaLifestyle.com
COMPARING 2020 TO 2008
ARE THEY DIFFERENT?
COVID-19 has had a large effect on the economy – so much so that you might have heard talks of our country entering another recession. Due to the severity of the 2008 financial crisis and the ensuing recession, the term stirs up a lot of emotions for many, especially when it comes to the real estate market.
PREPARED ESPECIALLY FOR Jonathan and Angela-Marie Williams
11.4% 8.6%
8.5%
8.7%
6.5% 4.4%
The price of homes is still high today, but it’s risen at a more stable level. Inventory is at a low in most markets, causing a surge in demand.
Total Home Equity Cashed Out by Refinance in Billions Source: Freddie Mac
Source: Black Knight
12.5%
In the years leading up to the housing market crash, home price appreciation (the increase in value of houses) was out of control. Homes simply became too expensive for buyers to afford, which became a contributing factor to the crash.
Then...
Real Estate Market Report September 2020
Annual Home Price Appreciation
Inventory and Appreciation
Now...
Year
Dollars
Year
Dollars
2005
$263B
2017
$71B
2006
$321B
2018
$87B
2007
$240B
2019
$89B
Total
$824B
Total
$247B
5.2%
5.5%
6.4% 4.8%
4.7%
The 6 Years Leading up to the Housing Crash
The Last 6 Years
2000 2001 2002 2003 2004 2005
2014 2015 2016 2017 2018 2019
Use of Home Equity Prior to the housing crisis, many homeowners were using cash-out refinances to supplement their cash flow, meaning they were tapping into their home’s equity as soon as it built up enough rather than letting it grow and build their overall wealth. This put many homeowners in a negative equity position when the housing bubble burst; they owed more on their home than it was actually worth.
Jonathan and Angela-Marie, Now is a great time to sell your home! Interest rates are still extremely low, and I employ a number of ways to keep the selling process safe. If you’re ready to talk about these unique opportunities, call me today at (720) 256-4703. Source: www.watersongmortgage.com
RE/MAX Professionals
IN THIS ISSUE Comparing 2020 to 2008 | Market Report Update | You Hold the Power
SUCCESSFUL RESULTS
DANIEL M. HILTY REALTOR®, MCNE, NAR, DMAR Direct (720) 256-4703 Office (303) 799-9898 Daniel@DMHHomes.com TownshipAtDakotaLifestyle.com
with
REAL ESTATE MARKET REPORT
• Aerial Drone Photography • Interior/Exterior Photography • Google Earth Location Video • Virtual Home Tour • Print Publications
TOWNSHIP AT DAKOTA
SUCCESSFUL MARKETING
www.TownshipAtDakotaLifestyle.com
YOU HOLD THE POWER.
Jonathan and Angela-Marie, If you want to know what your home would sell for in today’s market, contact me at (720) 256-4703 for your free report.
HOMES CURRENTLY LISTED STATUS
STREET NAME
BEDS
BATHS
EST. SQ. FT.*
LIST PRICE
HOME TYPE
Active
S Nelson Street C
2
3
1,200
$379,989
Attached Single Family
Active
W Dumbarton Circle B
3
3
2,400
$439,000
Attached Single Family
IT’S A SELLER’S MARKET!
HOMES UNDER CONTRACT There are currently 2 homes under contract in Township at Dakota. For more information, call me at (720) 256-4703.
HOMES SOLD IN THE LAST 6 MONTHS STATUS ADDRESS
THE MARKET IS HOT! NOW IS THE TIME TO ACT! HIGH BUYER DEMAND
HISTORICALLY LOW INTEREST RATES
LOW HOUSING INVENTORY
Jonathan and Angela-Marie, With interest rates remaining low and home prices increasing at a healthy pace, homes in Township at Dakota are in high demand. If you are planning on selling, contact me today at (720) 256-4703 to create a safe and effective plan that works for you and your family.
BEDS BATHS EST. SQ. FT.* LIST PRICE SOLD PRICE SOLD DATE
HOME TYPE
DOM
Sold
10647 W Bellwood Place
3
3
2,400
$444,900
$454,000
07/31/20 Detached Single Family
4
Sold
10654 W Dumbarton Circle B
3
4
2,500
$419,000
$419,000
07/17/20
Attached Single Family
8
Sold
4968 S Nelson Street D
2
3
2,000
$394,900
$390,000
07/10/20
Attached Single Family
69
Sold
4998 S Nelson Street B
4
4
2,500
$415,000
$402,500
07/08/20
Attached Single Family
53
Sold
4989 S Nelson Street A
3
3
2,200
$409,950
$409,950
06/24/20
Attached Single Family
2
Sold
10654 W Dumbarton Circle A
3
4
2,300
$409,000
$409,000
05/15/20
Attached Single Family
3
Sold
4924 S Newcombe Court
3
3
2,600
$489,000
$490,000
02/11/20 Detached Single Family
26
Sold
4927 S Oak Court
3
3
2,800
$444,900
$435,000
02/06/20 Detached Single Family
31
Daniel M. Hilty, Daniel M. Hilty Realtor, and RE/MAX Professionals are not in any way affiliated with Township at Dakota Home Owners Association, nor is this in any way an official advertisement or publication of Township at Dakota. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the REColorado between February 5th, 2020 and August 5th, 2020. Listings and sales may not be those of RE/MAX Professionals. The REColorado does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Estimated square feet rounded down to nearest hundred. **Sold and/or Listed by Daniel Hilty.
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020