The deadline is looming to take advantage of the once-in-a-lifetime homebuyer tax credits! The deadline is April 30th for Denver first-time homebuyers to go under contract (to qualify for the $8,000 tax credit) and for move-up buyers to qualify for the $6,500 credit, which is less than three weeks away! It is evident from the Denver housing market’s March statistics that first-timers are driving the market, as they helped boost Denver-area home sales by nearly 50 percent from February to March, and by 12.4 percent from March 2009. A whopping 70 percent of Denver homes sold in March were priced below $300,000 and below $200,000 for condos, indicating that first-time Denver homebuyers were in command.
The median price of a Denver-area home also increased in March, rising 12.3 percent to $229,000, a 12.3 percent increase from last year.
If you are interested in taking advantage of these tax credits, do not delay! For information on purchasing a Denver home, or regarding the Denver real estate market, please contact TeamCox Realtors at 303-400-6060.
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If you are looking for a home in Denver and the surrounding area then contact TeamCox for professional Real Estate Assistance