Competitive Denver Market Ideal for Sellers

165 Cory-MerrillDenver is one of the nation’s hottest markets. Low inventory paired with the high demand of this popular city mean homes are staying on the market for fewer and fewer days and going under contract faster than anywhere else in the country.

A year ago the average days on market was 43, now it has dropped to a record low of 23 average days on market. One of the three best markets for home sellers, Denver homes are going faster than homes in other highly competitive cities like San Francisco and Seattle.

Denver is one of the fastest growing cities in the nation. Colorado was the fastest growing state from July 2014 to July 2015, with a 1.9% increase. From July 2015 to July 2016, Colorado had a 1.7% increase, adding 91,726 people, according to the Denver Post.

The city’s remarkable popularity and rapid growth means a highly 269 LoHicompetitive housing market. The desirable market paired with low inventory means homes are going at record speeds…and often for above asking price. Approximately one quarter of Denver homes sold in January went for above asking price.

Low inventory, a competitive market, and record low mortgage rates mean one thing: this is the ideal market for those looking to sell or begin investing in new properties. In such a hot market, homes often go for over asking price and are sometimes under contract within just two weeks of listing!

If you’ve been thinking of selling or are just interested in seeing what your home could go for, reach out to your Madison Realtor®! We’re here to help you. Our expert Realtors® will be with you every step of the selling and buying process, rest assured you and your home are in good, capable hands.

Madison & Company Voted #2 in Denver Top 100 Workplaces

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“The most successful companies are the ones
that employees believe in.”

Good business is about a strong team, successful companies have employees who feel empowered to grow, create, and dream.

Every year The Denver Post surveys 4,000 participating companies and recognizes the top 100 places to work. Businesses and companies are selected based solely on surveys completed by employees.This year Madison and Company Properties is delighted by the honor of being named one of Denver’s Top 100 Workplaces, for the third year in a row. As companies are picked solely based upon anonymous employee testimonials, we are even more honored that our employees love working here so much.

“I love working for Madison because I feel like my opinion matters and that I am valued for the workd I do. All of the employees operate with professionalism and have a collaborative mind-set,” wrote one of our Madison employees in an anonymous survey.

Not only did Madison make the Top 100, we were ranked #2 in the small business category and received a Special Award for being a company that encourages new ideas.

Madison and Company strives to be relational in all we do. Our work is about developing friendships with our clients, rather than transaction-based interactions. Our workplace is more than just a place to do a job; it is a culture of friendship and family.

The environment at Madison is carefully crafted and cultivated by the leaders in our company, our dedicated staff, and our incredible Realtors®. We are excited to be again named a Denver Top 100 Workplace, and to continue exceeding all expectations of what an amazing workplace truly is – a place of dedication, growth, and community.

Welcome to Madison!

We are thrilled to welcome Lauren Morris to the Madison family. She will be joining The Graham Group, as Euan Graham’s buyer’s agent. Lauren loves people and is passionate about connecting personally with everyone she meets.

We asked Lauren a few questions about herself, and can’t wait to get to know her better.Morris_New Broker Announcement

What drew you to Madison & Company?

The reason I came to Madison is because someone told me I should meet Euan. We met, and he expressed to me his business model and his need for a buyers agent. I couldn’t say no!

What are you most excited for about working at Madison & Company?

I am definitely excited to just grow as an agent and learn from one of the best.

What area of Denver Metro will you focus on?

I’m not sure what my focus will be, I know south Denver really well. But with that being said, right now I’m just doing what Euan tells me he needs help with. 

What is a random, fun or little-known fact about yourself?

I love sunflowers! I’ll buy just about anything that has sunflowers on it. 

Thanks for helping us get to know you a bit more, Lauren! Sunflowers are really wonderful.

Welcome to Madison!

Maya Harris is the newest member of our Madison Family! We can’t wait to know her better and are thrilled to have her expertise as part of our company.

Get to know a little more about Maya:

 

• What drew you to Madison & Company?  Harris_New Broker Announcement

The energy here is contagious!  And the ability to build customized marketing plans with specific marketing efforts geared directly toward each listing and each buyer…so critical in today’s market!

• What are you most excited for about working at Madison & Company?

The team atmosphere – everyone is part of the “bigger picture” and so helpful!  The support behind the agent is fantastic!

• What are of Denver Metro will you focus on?

I represent buyers and sellers from Castle Rock to Superior!  

• What is a random, fun or little-known fact about yourself?  

I’m a Buckeye – OH-IO!!!!!!!!!

Madison Year-End Report 2015

Madison & Company president, Justin Knoll, recaps 2015 for our End of Year Report

2015 will go down as one of the best ever for Denver Metro area sellers who reaped the rewards of being in the nation’s hottest market, realizing an average of 14% increase in value from just one year ago. On the flip side, buyers felt the pressure of shrinking inventory and rising prices, while the silver lining of historically low interest rates gave buyers a fighting chance to find their new home. 

With over 55,500 homes selling for over $20.16 billion in closed sales volume, 2015 was a record year which can be attributed to Denver’s economic and population growth over the past few years. In that time, 65,872 new listings came on the market, up 6% year over year, while Days on Market were at 31, down 18%.

To finish the year, the average home price was $363,143, up 12%, and the median home price was $314,000, up 14% from this time last year. This includes detached and attached single family homes. Towards the end of the year, we experienced a bit more balance in some segments of the market as inventory snuck up in some areas and prices began to flatten out after the summer months. However, these were modest changes that could be attributed to seasonal slowing and typical trends.

justin knollThe local job market recovery continues as we have added over 200,000 jobs since 2008, which leads us to a healthy economic outlook into 2016. Looking forward, high demand will likely continue as more than 100,000 people moved to Colorado over the past 12 months, making it the second fastest population gain in the Nation.  Adding to a feverish market are the 83% of renters that say they want to own a home according to a recent National Association of REALTORS® survey.

Overall, we anticipate the next 12 months to bring more buyer demand, similar inventory shortages, growing affordability concerns and possible interest rate hikes, all of which will make 2016 a year to remember.

– Justin Knoll, President

Madison & Company Properties

Welcome to Madison!

We are thrilled to announce the addition of Denise Duran-Marcum to our Madison family.

We asked Denise a few questions about herself, and how she was feeling about this new chapter of her career.

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• What drew you to Madison & Company?

Denise: THE CULTURE!  Being a part of a group that supports each agent and allows them to embrace their individual brand, image and service.  I am very particular about the services I provide, the vendors I partner with and the way in which I represent my clients.  This new partnership allows me the freedom to provide you with real estate services that are unique to me.

• What are you most excited for about working at Madison & Company?

Denise: I’m excited to share my enthusiasm for selling homes, marketing creatively, demonstrating my in-depth knowledge and surrounding myself with established agents that are just as enthusiastic about being the CEO of their business.

• What area of Denver Metro will you focus on?

Denise: The Northwest Metro Area: Arvada, Golden, Wheat Ridge, Broomfield, Westminster, Louisville and Thornton.

• What is a random, fun or little-known fact about yourself?

Denise: I LOVE to cook for friends and family….I make awesome tamales!

Well, Denise, we are so excited to welcome you to Madison (and maybe we’ll become good enough friends to try those famous tamales!)

Welcome Luca!

We are so excited to welcome Luca Baud to our Madison & Company team! Luca is joining us from PorchLight Real Estate Group. His expertise and passion for real estate are an incredible addition to the Madison family!

luca baudA little bit about him…

Luca Baud is fueled by a love of architectural beauty, history and—most importantly—having the opportunity to represent his clients. He prides himself on his integrity and professionalism and has built a fine reputation among clients and brokers alike. He has been lucky enough to represent some of the most sophisticated and demanding sellers and buyers and has come away from those transactions with happy clients, glowing references, and new life long friends.

Luca’s first-class, concierge-style service that he provides allows him to focus on what he excels at—assessing market conditions and trends in order to develop marketing and sales strategies based on the requirements of the target audience. He teams with Madison and Company Properties staff to create effective marketing campaigns for his sellers that call careful attention to each property’s unique design and architectural features and are individually tailored to each client and property.
Outside of work, Luca is a devoted father to his 11-year-old son Valentino. You can find them both on the ski slopes, biking trails, golfing, traveling, or casually strolling Downtown.
You can read more about Luca and view testimonials from his clients here on our website.

Madison Report || 2015, Q2

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Q2 in Denver finished out spring and ushered in summertime. With unexpected storms full of hail and chilly winds, we were thrilled when summer finally stayed, bringing the clear blue skies and beautiful mountain weekends we so love. Even more exciting than crazy weather and a spectacular 4th of July, is the Denver housing market we’re continuing to see increase in growth.

Justin Knoll, president of Madison & Company Properties, shares more:

“As we find ourselves in the middle of another summer season, it is clear that Denver is the place to be for people around the globe. For us natives, we know just how amazing the warm days and cool nights can be. We know what it’s like to have a pick of any imaginable outdoor activity right in your backyard. We know about the music, arts and entertainment all around us, topped off by the premier beer and food scene in the nation. We know these things and we are lucky enough to live here to enjoy it.

What we are discovering for the first time is the unprecedented demand for housing in the Mile High City. Sure, we have seen our Real Estate market boom and bust at times but never like this. Denver is now an international city. A place where the limits are endless and the energy is palpable. More people under the age of 34 moved to Denver than anywhere in the US last year and that trend is sure to continue.

During the 2nd quarter of 2015, Denver was ranked as the hottest market in the nation by realtor.com. Supply and demand issues mirrored that of Q1 but things picked up even more. The housing supply in Metro Denver was 5 times less than the National average while the number of homes sold increased by nearly 5% during the quarter. Buyers are scooping up any home they can get their hands on and are paying a premium to do so as average sales prices topped the $400,000 mark for the first time ever in April and buyers purchased a record $2.15 billion worth of homes in June alone.

While we expect to remain one of the nation’s strongest markets in 2015, we do anticipate to see a bit of a slowdown, typical with seasonality. Over the past two months we saw an increase of homes coming on the market. That, coupled with even a slight decrease in demand should give some relief to frustrated buyers who are looking to negotiate on the right home. Interest rates have begun to increase which may send some buyers to the sidelines, thus taking some of the advantage away from sellers who became accustomed to receiving 5 or more offers on their home with hours of listing it. For many of us, we welcome the return of a more stable and balanced Denver housing market.”

To view the full Q2 Market Report Click Here