Just the Extraordinary Facts

Matt Hudson, CEO CHR WEEKLY, Market Trends

Denver real estate is full of emotion right now. From buyers & sellers, to lenders, real estate agents, title companies, developers and builders. All are impacted by the pace and demand of current market conditions.  In an effort to cut through the noise, we’ll stay away from emotion, opinion and prediction. Just the facts to keep you informed and make …

Broncos Tickets, Part of the Offer?

Matt Hudson, CEO CHR WEEKLY, Market Trends

We recently experienced a prospective buyer who was unable, or unwilling to go higher in purchase price with their offer on our seller’s home.  Instead, the buyer included their coveted, Broncos season tickets as part of the proposed purchase contract.  Whether you are a Broncos fan or not, this is indicative of what buyers in the greater Denver real estate …

2020 Sales and Appreciation – To The Moon!

Team CHR Market Trends

Record sales and skyrocketing appreciation along the front range in 2020 were driven by high demand from an increasing Colorado population, low interest rates and lifestyle changes for many. Will we get the virus under control? Will politics settle down? Will the U.S. economy continue its recovery? These are macro questions that will influence our local market and factors we continue to analyze.

Low Inventory Isn’t a Lack of Sellers, Just More Buyers

Matt Hudson, CEO CHR WEEKLY, Market Trends

With 30-year fixed interest rates at 2.5% and households demanding more from their at-home work and school environments, buyer activity continues to be unseasonably strong. In this market, sellers have tremendous negotiating power and depending on the situation, can work in extra time to find a replacement home if needed.

Ways to Help the Colorado Wildfires

Team CHR Life at CHR

We have been hit with “with the three largest fires in state history and all occurring in 2020.” Now is the time to come together and help our beautiful state. Below are different resources to how you can help. Boulder County 2020 Fires Relief Fund COVID-19 Response Fund Boulder County Grand County Grand County Wildfire Emergency Fund Grand County Outbreak …

Inventory, Price and Sales All Up

Matt Hudson, CEO CHR WEEKLY, Market Trends

UP, UP, and UP! Last week new homes for sale was 14% higher and there were 44.6% more homes under contract compared to the last 3-year average. The average weekly sales price of a single-family home is also still going up hitting $628,236 last week.

Massive Equity Gains

Matt Hudson, CEO CHR WEEKLY, Market Trends

The average sales price of a single-family home in the Denver Metro real estate market hit $624,048 last week. That is up $116,000 from just 18 weeks ago.

What should homeowners do with that equity, if anything at all? Some will say sell and capitalize, some will say pull the equity out. The answer is always the same, IT DEPENDS. PM me or comment below to discuss further!

Denver Real Estate: THE GAP WIDENS

Matt Hudson, CEO CHR WEEKLY, Market Trends

Fall season typically marks a slowing of the real estate market. We see a slight decline in home values and reduction in market activity every year. EXCEPT THIS YEAR. While an unusually high 1,534 homes hit the market last week, 1,631 homes went under contract, further widening the supply and demand gap.