Zombie foreclosures plague neighborhoods in some cities, but not in Denver. Out of the 1.6 million residential properties in Colorado, only 85 are considered to be zombie foreclosures. What is a zombie foreclosure? It means the home is vacant, the legal process has started, but the bank has not yet repossessed the home. Nationally, about 20,000 U.S. […]
Archives for 2015
The Opportunity to Invest is Here
December 14, 2015 by Leave a Comment
Don’t forget that Denver’s residential real estate prices this year have outpaced most of the rest of the country and we anticipate that market trend to continue. Now, according to a new study done by BiggerPockets, Denver ranks second in the nation when it comes to providing the best returns on residential real estate. If you’re looking […]
Rental Housing Real Estate
November 30, 2015 by Leave a Comment
According to research conducted by All Property Management (a Seattlebased company that tracks rental housing real estate investment in 75 U.S. markets), Denver is the fourth best market in the country to own rental housing. Denver ranked high in categories such as vacancy rates (4.3 percent), property appreciation (11.61 percent), and job growth (2.94 percent). Because of […]
Markets to Watch
November 26, 2015 by Leave a Comment
Denver was ranked 6th on Urban Land Institute’s annual list of “markets to watch” for real estate trends. The annual report said that 2016 will be the year of secondary and tertiary markets, a category which Denver fits into. Secondary and tertiary markets refer to markets that are large, but not as large as primary markets like New […]
Third Quarter Update
November 23, 2015 by Leave a Comment
According to RealtyTrac, sellers in Denver County in the third quarter sold their homes for an average price gain of 41.5 percent over what they originally paid. Denver County is 6th in the country for highest percentage sales gains. Nationally, homeowners who sold during the third quarter saw an average price gain of 17 percent from the […]
Wind Generation Records
November 21, 2015 by Leave a Comment
Xcel is the nation’s largest utility wind power provider and has set new records for single-day and one-hour wind-energy production in Colorado. For the first time on October 2, wind generation supplied more than half of its Colorado customers’ energy, averaging 54 percent. Almost all of that wind energy was produced within Colorado. Xcel also set a new […]
Key Statistics
November 19, 2015 by Leave a Comment
The Denver housing market remains among the hottest in the country. Here are some key recent statistics: 1. The average price of a single-family house in metro Denver climbed another 11 percent year-over-year in September to $398,591. 2. The number of single-family houses sold in September was 3,509, a 0.11 percent decrease from the same month in the […]
Foreclosures: Colorado Contrasting the Nation
November 17, 2015 by Leave a Comment
According to RealtyTrac’s latest Foreclosure Market Report for Colorado, one in every 733 houses are in foreclosure, a 15 percent decrease from the same time last year. Colorado had a 17 percent decrease in the number of foreclosure filings (the first stage of the foreclosure process) from the second quarter of 2015 and a 15 percent decrease […]