Lately, it seems like everyone is flocking to Denver. From the high-class metropolitan benefits to the proximity to the mountains, the Mile High City has a lot to offer — and its newfound popularity is causing rental and home sale prices to skyrocket. Plus, with so many transplants moving in, nothing is staying on the […]
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 […]
Recovered from the Recession
April 22, 2015 by Leave a Comment
Every year, the commercial real estate arm of Coldwell Banker Real Estate LLC ranks the best markets in the country for commercial real estate, and this year Denver came out on top. Denver was in the top 10 in last year’s ranking, but jumped up to No. 1 because of job growth, construction and economic […]
Falling Oil Prices and Real Estate
April 17, 2015 by Leave a Comment
Colorado posted a new record for oil production in 2014, with more than 82.8 million barrels of crude oil pumped from the ground. This 2014 figure is 27 percent higher than the 65.3 million barrels the state produced in 2013 (a number that topped the previous year’s production levels and also smashed what had been […]
Denver Resale Prices Set New Record
April 6, 2015 by Leave a Comment
The pace of year-over-year growth in metro-Denver home prices continues to speed up, and the region has set a new record high for resale prices. Denver’s Case-Shiller home price index reached 158.17 in December (an all-time high) topping November’s index reading of 157.39. An index reading of 158.17 means that local home resale prices averaged […]
Colorado Home Prices Rising the Fastest
March 31, 2015 by Leave a Comment
According to a new report by CoreLogic, the prices for single-family homes rose faster in Colorado than they did anywhere else in the country. The year-over-year appreciation stood at 8.4 percent in December for the state, compared to 5 percent for the country as a whole. Texas was second to Colorado, with an increase of […]
Colorado Keeps the Highest Rate of Appreciation in the Country
March 26, 2015 by Leave a Comment
Colorado’s home sales prices grew by 9.1 percent in January from a year earlier, the highest rate of appreciation of any state in the country, but metro Denver’s growth rate was even higher at 10 percent. By comparison, the national average for home-price gains was 5.7 percent during the same one-year period. Along with three […]
High Home Prices – This is the Time to Sell
June 10, 2014 by Leave a Comment
With a low unemployment rate and a great lifestyle, Denver has become a hotspot for new residents. Last year, Denver was recognized as one of the fastest growing cities in the nation, with a population increase of 1.9%. If trends continue like they are, that number will keep climbing for the next few years. As […]