Should I Sell My Denver to Boulder House Now, or Wait?

If you're thinking of waiting to sell your house until prices go up, remember that the price of the house you're going to buy will go up too.

So the answer to this questions depends on whether you will be downsizing, or buying up.

In the market for homes between Denver and Boulder, lower-priced homes are 'recovering' more quickly than higher-priced homes. So waiting will mean you will almost certainly pay more for that smaller house than you would pay now. However, if your larger home also increases in value, you would be better off financially if you wait.

I don't have a crystal ball, but I don't believe prices will be increasing on large homes any time soon. You may have to wait several years. So the other thing to consider is, will your life be improved by downsizing now? If so, it's probably better to make the move now.

On the other hand, if you plan to buy a larger house, you're in a great position to buy now. You will be buying that larger home at prices much lower than you would have paid a few years ago, and your smaller house is in pretty stiff demand right now, so it is also a good time to sell.

Best of both worlds!

Check out my market reports for Arvada homes, broken down by price range. You'll see what I'm talking about. I issue a new report each month, so you can easily follow the local trends, if you're so inclined!

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