The pace of construction started on new U.S. homes in April jumped 20 percent, which is the highest number seen in over seven years. According to the Census Bureau, the annual pace of permits for new construction, a sign of future demand, sprang up 10.1%, the highest since 2008. Both numbers were higher than economists […]
Sales Down in April
June 18, 2015 by Leave a Comment
According to the National Association of Realtors, despite properties typically selling faster than at any time since July 2013, existing home sales dropped 3.3 percent in April. That is likely only because we do not have enough existing inventory of homes for sale. However, on average, homes sold for 6 percent more than than that […]
Average Home Price Exceeds $390,000
April 13, 2015 by Leave a Comment
The average price of a home in metro Denver increased to $390,067 in February, up from $326,958 in February 2014. According to the latest data from the Denver Metro Association of Realtors®, the increase of 19 percent year-over-year includes both single-family houses and condominiums. Average prices were likely impacted by continued strong demand in the […]
The Dynamic Market of 2015
February 24, 2015 by Leave a Comment
Welcome to one of the most dynamic real estate markets we have seen in a long time. Homes go on the market and we oftentimes see offers within hours. Buyers make offers on homes only to discover they are competing with several other buyers. For sellers, the question becomes how to maximize the value of […]
Existing-Home Sales Cool in January
February 19, 2015 by Leave a Comment
According to the National Association of Realtors®, existing-home sales declined in January to their lowest rate in nine months, but the pace was higher than a year ago for the fourth straight month. Total existing-home sales, which are completed transaction that include single-family homes, townhomes, condominiums, and co-ops, fell 4.9 percent to a seasonally adjusted […]
Denver: Fifth Best Market for Sellers
October 24, 2014 by Leave a Comment
According to a new report from Zillow, Denver is the fifth best market for sellers of homes in the nation. Within metro Denver, Evergreen is the top buyers’ market. Top sellers’ markets are not necessarily those where home values are rising, but instead are those in which homes are on the market for a shorter […]
Denver’s Apartment Boom Continues
July 24, 2014 by Leave a Comment
The demand for new apartments, job growth, RTD’s FasTracks transit project, and climbing rent are all factors in the continuing of Denver’s apartment construction boom. Denver’s market was among the country’s top markets for completion of new rental units in the first quarter of 2014 (2,312), and the number is expected to exceed 9,000 units […]
Colorado and College Grads
May 16, 2014 by Leave a Comment
Spring is the time of year when new college graduates set their sights on jobs across the country and, for many, life in an entirely new city. Around the same time, recent grads who signed and re-signed leases the previous year weigh the pros and cons of staying put versus moving to a new city […]
Looking Back at 2013 Predictions
January 19, 2014 by Leave a Comment
The ten 2013 real estate trends we asked you to watch at the beginning of last year proved themselves true. 1. Rising home prices 2. Rising rent 3. Fewer foreclosure bargains 4. More short sales 5. More first-time home buyers 6. Higher home construction costs 7. Property management boom 8. Rising mortgage interest rates 9. […]