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 […]
Denver’s Economic Growth
November 12, 2015 by Leave a Comment
According to a new report by the federal Bureau of Economic Analysis, Denver’s economy grew at a pace of 6.5 percent last year, which is nearly triple the average rate of the nation’s metro areas. The Denver metro area (including Aurora and Lakewood) had a gross domestic product (GDP), which measures the total output of goods and services […]
Denver Ties with San Francisco
November 10, 2015 by Leave a Comment
According to the latest monthly S&P/Case-Shiller Home Prices Index report, after trailing San Francisco for year-over-year home-resale price gains in July, Denver tied with San Francisco in August for the top spot among 20 major U.S. metro areas. Case-Shiller numbers for metro Denver cover a 10-county area: Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and […]
Apartment Rent Update
November 5, 2015 by Leave a Comment
According to the latest report by apartment housing research company Axiometrics, apartment rents in Denver grew by 10 percent in the third quarter, which was the fourth-biggest jump in the U.S. In the latest three months, apartment rents in Denver have increased 3.3 percent, which is the seventhbiggest jump in the country. However, one sign that the Denver […]
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 […]