As my buyers could tell you, the market did not really see a seasonal slowdown this year. Yes, there were less listings in December but we've seen low inventory for years. More telling is that there are still multiple offer situations happening in many neighborhoods. To give you an idea, a bilevel in Northglenn fell out of contract a few days ago and was planning on beginning showings again on January 15. Within hours it was under contract again. The first time around, the sellers received 13 offers. The second time, four of those buyers came back, one buyer knocked on the door to ask the sellers to see it and submitted an offer, and the sixth wrote a bid sight-unseen.
Broomfield Heights, the neighborhood I live in, is no different. My neighborhood is the original filing in the city of Broomfield, built in the late 1950s - early 1960s. It's mostly brick ranches with full basements with a few bi- and tri-levels thrown in. Solid homes, good sized lots, many needing upgrades and some getting picked up by investors who are flipping them back onto the market within months.
Despite the pandemic and election uncertainties, sales in 2020 exceeded 2019 and 2018 in the 1st Filing of Broomfield Heights, with quarterly sales pretty consistent across the year.
If you'd like a Broker Opinion of Value on your home, let me know. I just need a quick tour of your house and a list of upgrades you've completed since you bought. I can also provide you with an estimated net sheet that will show all of the costs associated with selling. This will give you a good idea of the proceeds you could walk away with if you decided to sell. No obligation, no high pressure, just information and a solid resource for your real estate needs.
