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David Elson
Broker at DC Homes with RE/MAX Alliance Castle Rock
David Elson is an Associate Broker at RE/MAX Alliance with extensive experience in real estate sales.1 As a Colorado native, he has been working full-time in real estate for over 20 years.1
Professional Services
David Elson offers a range of services to his clients:
- Free buyer's service through closing and beyond
- Competitive listing service with creative approaches
His long-standing career in real estate suggests he has developed a deep understanding of the Colorado real estate market and has likely built a strong network of contacts in the industry.1
Location and Expertise
Based in Castle Rock, Colorado, David Elson specializes in residential real estate.2 His extensive experience in the local market likely provides him with valuable insights into property trends, neighborhood characteristics, and market dynamics in the Castle Rock area and surrounding regions.
Given his role as an Associate Broker, David Elson likely has additional responsibilities beyond standard real estate agent duties, possibly including mentoring other agents, taking on more complex transactions, or having a leadership role within the RE/MAX Alliance office.12
Highlights
July Market Update:
- Active Inventory has grown from the previous month, reaching the highest level for July since 2014. Sellers are recognizing that the optimal time to list is from March to May, with inventory expected to grow until September or October.
- Pending transactions have decreased from the previous month, and closed transactions have also seen a decline.
- Months of inventory have increased month over month, reflecting a market lag due to closed transactions initiated 30-45 days prior.
- Average sold prices have remained relatively flat, with a slight decrease from the previous month. The median price has also declined slightly. This price softening is driven by increasing supply and decreasing demand, which indicating an early entry into the retraction phase and is to be seasonally expected.
- A significant percentage of homes sold for below asking price, showing sellers’ willingness to negotiate.
- Concessions were prevalent in many closed transactions, with a notable average amount primarily used for buyer’s closing costs or interest rate buy-downs.
- Average and median days on market have increased from the previous month, higher than seasonal averages.
- A healthy percentage of homes went under contract within 7 days, often achieving slightly above the original list price.
Buyers are still in control even though total showings up 4% and days on market down 16%, indicating a warming market for sellers. What's your home worth? Contact me for a complimentary equity review.
