OCT– NOV 2024 NEWSLETTER

OCT– NOV 2024 NEWSLETTER

Earth-Sheltered ‘Wonder Haus’ Hits the Market in Colorado for $2.25M.

In the serene mountain town of Pagosa Springs, a one-of-a-kind home known as the “Wonder Hau” has hit the market for $2,250,000. This unique, earth-sheltered residence is more than just a home; it’s a work of art that blends energy efficiency with a quirky, eye-catching design. Built into the ground for natural insulation and reduced energy consumption, the property offers a sustainable living experience, but the real draw is its distinctive architectural style and stargazing tower. Modeled after the Anasazi Tribe’s stargazing practices, the four-story tower provides breathtaking views of the star-filled skies, ideal for astronomy enthusiasts.

Spanning almost seven acres in Pagosa Springs, an area celebrated for its clear, unpolluted skies, the Wonder Haus has garnered attention beyond its unusual design. Featured on Season 2 of Netflix’s” The World’s Most Amazing Vacation Rentals,” the home has proven to be a popular short-term rental. The current owners purchased the property in 2017 for $325,000 and embarked on a thoughtful remodel that enhanced its charm. Now, it is being sold fully furnished, offering a turnkey opportunity for potential buyers looking to invest in a vacation home with a track record of success.

Inside, the 2,600-square-foot residence includes a spacious great room filled with natural light from large windows, a chef’s kitchen, and two bedrooms accompanied by two cozy lofts. Outdoors, a fire pit, and a patio provide an inviting space to relax and take in the natural beauty of Pagosa Springs. The highlight, however, is the observation deck at the top of the tower, offering 360-degree views of the surrounding landscape, including forests, rivers, and mountain peaks.

For those seeking a blend of sustainability, creativity, and profitability, the Wonder Haus represents an exciting opportunity. This home truly reflects Colorado Coronado’s richness, offering a chance to own a unique architectural history in one of the state’s scenic areas.

For more details, visit the listing by Galles Properties and learn about this “intentionally unconventional” home that inspires both curiosity and connection 

Why Timing the Denver Real Estate Market is a FoolFool’sand

If you’ve been holding off on buying or selling a home in the Denver metro area because you’re waiting for the “perfect time,” it’s time to rethink your strategy. Trying to time the market is a gamble that even the pros can’t win consistently. The reality is that no one can predict when prices will hit rock bottom or peak. Instead, the most innovative real estate moves are made when they align with your goals and personal situation—not by chasing market trends. Whether upsizing, downsizing, or just looking for a change, now may be the right time to move.

In the Denver metro, we’ve seen a slight dip in our prices, with the average close price dropping 2.47% from $689,616 in September of last year to $672,600 in September of this year. Meanwhile, the average days a home stays on the market increased by 5.41% from 37 to 39 days. New listings have remained stable at 5,053, while pending sales have increased by 3.64%, reaching 3,761. Active listings have grown slightly by 3.65% to 11,115 month-over-month— but a notable 45.69% year-over-year rise.

To put that into perspective, the average number of active listings for September between 1985 and 2021 was 15,253. The record high was 31,450 listings in 2006; the record low was 3,971 in 2021. Historically, listings have increased by an average of 0.74% from August to September, so this year’s 65% jump shows solid growth in the inventory.

Months of inventory, which measures how long it would take to sell all available properties if no new listings came on the market, has been steadily increasing. There were 2.18 months of inventory in May, rising to 3.6 months by September. While still below DenDenver’s lanced market range of 4, DenDenver’s this shift marks a significant change from recent years. It starkly contrasts the pandemic frIfrIt’sen inventory dropped below one month, fueling an intense selseller’srket.

Info for Sellers

Home sellers spend more time on the market, often requiring price reductions before finding a buyer. Buyer demand has tapered off due to higher interest rates and, to some extent, the upcoming presidential election. Many buyers are waiting for the perfect home and are less willing to compromise, especially when paying more interest. When buyers find the right, they’re willing to negotiate—even if the house is newly listed.

They need to recognize that the market is taking longer to absorb inventory, which may continue as we approach the election and the holiday season. Some sellers wait until spring, aiming to list during the peak selling season for the Denver metro area, when home prices tend to reach their highest for the year.

Info for Buyers

On the other hand, buyers who wait for the election to pass or the holiday season to wrap up may miss out on prime opportunities. Historically, home prices tend to rise after an election cycle. If you’re waiting for the perfect time to buy, you could regret not moving while the current inventory and pricing are more favorable.

Whether buying or selling, trying to time the market is risky and rarely yields the perfect result. Real estate decisions should be based on your needs and circumstances, not fluctuating market trends. The best move is to work with the right agent, stay informed, and act when it’s right for you—not when you think the market has peaked.

We use reasonable efforts to include accurate and up-to-date information. However, the real estate market changes often. We make no guarantees of future real estate performance and assume no liability for any errors or omissions in the content. 

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