Before I decide whether to pursue one of these Denver studios, I need to know whether the apparent discount is real or mostly a feature of the available stock. I’m looking at asking prices from $384,000 to $576,000, with the snapshot showing a 5.8% decline and about 30 days on market.
Condition seems to create two very different cases: an updated unit may leave little negotiating room, while a dated one could justify a lower price once the work is costed. Higher financing costs may be widening that gap as well. Are others seeing this in Denver? Please say which neighbourhood and property type you are using, and whether the figures come from active listings or recent completed sales. I’d also like to know how withdrawn or relisted units are being treated.
Condition seems to create two very different cases: an updated unit may leave little negotiating room, while a dated one could justify a lower price once the work is costed. Higher financing costs may be widening that gap as well. Are others seeing this in Denver? Please say which neighbourhood and property type you are using, and whether the figures come from active listings or recent completed sales. I’d also like to know how withdrawn or relisted units are being treated.