Partners named 2019 Five Star Professionals + Market Stats

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John and Susan Bradley of The Bradley Group, LLC, are named Five Star Professional Award Winners. Thanks for your support!

Once a year the market researchers at Five Star Professional identify the top 5% of real estate agents in the greater Denver and Boulder market. The Five Star Real Estate Agent program is the largest and most widely published real estate award program in North America.

The purpose of the program is to provide a list of real estate agents who provide quality services to clients. Five Star award winners do not pay a fee to be included in the research or the final list of award recipients. 

To ensure that eventual winners have been drawn from a large and diverse pool, award candidates are identified by one of three sources:

  • Consumer nominations

  • Peer nominations

  • Review of online consumer evaluations

Self-nominations are not accepted. Only candidates who satisfy the program’s five objective eligibility and evaluation criteria associated with providing quality service to clients are considered.

A big thank you to everyone who provided feedback about our services. Look for The Bradley Group in the September issue of 5280 Magazine. We’re honored to make the 2019 list!

Market Stats & Insights

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The number of houses on the market continued to rise. July inventory is up 28% year-over-year. On average, single-family homes are on the market for 23 days, which is 21% longer than last year at this time. 

The average sold price for single-family homes is holding steady at $499,807. The average sold price for condos is $370,442 after being on the market an average of 27 days.

Mortgage rates continue to remain low. The average rate for a 30-year fixed mortgage loan has dropped steadily since November of 2018, now hovering below the 4% threshold.

Market Insights

  • Denver named #1 for “gig economy” jobs (Uber, Lyft, Airbnb).

  • Denver is the #18 city in the country with the most craft breweries.

  • Denver ranked the 27th most affordable city out of 100 cities.

  • $300,000 buys 1,213 sq ft of home in Colorado, with a median list price per sq ft of $247.39.

  • Available move-in-ready inventory of new construction is increasing.

Market data and insights are supplied by DMAR Market Trends, July 2019