Metro Denver’s housing market has bounced back with a “frenzy”, characterized by multiple offers and low inventory of re-sale homes. Low inventory levels coupled with buyer demand is driving the custom home market. As a custom home builder, were are noticing an increased sense of urgency among potential buyers as a result of these thinning inventories of homes for sale, continued affordable mortgage rates and strengthening local economies.
We are seeing an influx of homeowners who are fed-up with the quality of re-sale homes available. There is a realization they can still purchase land and lots at a fair price and build the dream home they have wanted without the crazy bidding process.
A new custom home is more comfortable and livable than ever. The typical new home averages more than 2,000 square feet and has 2+ bathrooms and three or four bedrooms.
Homeowners are enjoying an array of amenities, such as whirlpool bathtubs, gas fireplaces, gourmet kitchen appliances, state-of-the-art home security systems and low-maintenance exterior materials, accommodating today’s discerning homebuyers and their busy lifestyles.
Not only are homes more comfortable and livable than ever before, they are also more energy efficient. In fact new homes built today are about twice as energy efficient as new homes were just 20 years ago.