Denver, CO (PRWEB) April 05, 2013
Tobias Nergarden, Owner of the Real Estate Marketing Insider released a statement announcing Denver, Colo., as the “Toby’s Choice” Market of the Week. The “Toby’s Choice” award, given to the week’s highest-potential real estate market, went to Denver following a local news report that the mountain metropolis’s sales turnaround has shrunk to less than 24 hours.
After a bit of stagnancy for the Denver real estate market near the end of 2012, the city has been growing by leaps and bounds through the New Year. Agents have particularly noticed a “spring rush” of buyers, with newly listed properties quickly collecting strong offers and often experiencing “flash sale” turnaround. REMI first noticed the “flash sale” phenomenon with beachfront home rentals in San Diego, but a 9News report suggests that it has spread to the Mile High City. Realtors in Denver are reporting that thanks to an influx of spring buyers and a critically-low inventory base, Denver houses are garnering multiple offers quickly and selling regularly within 24 hours of their listing. Coupled with a year-over-year price jump of just over 9 percent, Denver has emerged this week as one of the strongest markets for home sellers in the entire country.
Tobias released this statement for realtors about his “Toby’s Choice” market for the week:
“Denver is truly a special place. It combines the commerce, finance, and culture of a big city with outdoor attractions that make it state famous. Real estate leads pour into the market as the city stays forever attractive to a certain kind of buyer. Even after the inventory shortage lessens, realtors can count on high demand for the market. But now, thanks to the low supply of sellers and high demand of buyers, realtors holding properties in the area can expect high sale prices and quick turnaround. For realtors that can find sellers in the area to represent, it’s a great time to do business in Denver.”
Tobias Nergarden of the Real Estate Marketing Insider named Denver as the recipient of his weekly “Toby’s Choice” award. The award was given to recognize Denver’s explosion this week as a seller’s market.
About the Real Estate Marketing Insider:
The Real Estate Marketing Insider is an online journal offering expert opinions about the real estate scene. REMI caters to home buyers, sellers, and industry insiders.