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 […]
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 […]
Home Builder Confidence
October 30, 2015 by Leave a Comment
The Housing Market Index, which is based on a survey by the National Association of Home Builders, recently rose 1 point to 61, its highest level since November 2005. This Index is used by builders to determine when they should be building new homes. Given the unbelievable shortage of housing inventory, this is a good […]
Leading Locations Report
September 14, 2015 by Leave a Comment
Area Development magazine rates Denver the best metro area in the nation for economic development and jobs. Three other Colorado cities placed in the top 20. The 2015 “Leading Locations” report compares 375 U.S. metro statistical areas on creating jobs and nurturing sustainable economic development. The cities were evaluated based on three categories: Skilled, well-qualified […]
What is the “real” value of a home?
August 20, 2015 by Leave a Comment
This question comes up in every real estate transaction. Sellers want to know at what price to list and buyers want to know the right price to offer. We see many variables that must be considered in order to guide clients to make these determinations. Sellers and buyers frequently ask their Realtor® to answer the question […]