Buying Real Estate in Parker
As the cost of living index shows, you need deeper than average pockets to purchase property and housing in Parker. Why the soaring prices? New construction hasn’t met the new population’s demand making the market in Parker remarkably fierce. Most homes are on the market less than two weeks so potential buyers need to keep their eye on the MLS and meet with a determined real estate agent. Real Estate Resource RedFin scores Parker 85 out of 100 in competitiveness. Homes average just one offer and cash deals are popular due to the competitive nature of the market.
Selling Real Estate in Parker
If you can get your hands on Parker real estate, it won’t stay in them long. Parker is an ultra-competitive real estate market with both young professionals and retirees trying to stake out their claim in the booming suburb. It’s an ideal location to sell a home to a new family but you’ll run into one big problem – inventory. There are only around 1,000 active inventory listings in Parker so expect an easy sale if you can get your hands on the right property. Most homes sell in under two weeks.
Closing the Deal in Parker
Though some early signs indicate Denver metro’s housing bust may be slowing, right now you can’t call it anything but a seller’s market, especially in Parker. The population growth, family-oriented community, and low inventory make Parker a difficult market for real estate but profitable if you can get your foot in the door. All real estate professionals need to keep their eye on Parker, Colorado for any and all opportunities.