Home Sales Increase as Rates Edge Upwards

Team CHR Buying, Market Trends, Selling

The first two months of 2017 saw an increase in home sales over the same period last year. The combined number of home sold in the January-February time frame is 4.42% higher than a year ago. We are also seeing home price appreciation beginning to moderate. The 12-month moving average appreciation rate shows a 9.48% increase over the last year, lower …

A Big Leap

Team CHR Buying, Market Trends, Selling

January homes sales made a big leap from January of 2016. That was a bit surprising since 2016 was a record setting year for residential home sales. We had 3,019 homes change hands in the seven-county metro Denver market in January and that is an 8.32% increase from the number that sold in January last year. Here’s even better news: …

Play It Again, Sam!

Team CHR Buying, Market Trends, Selling

Last year’s metro Denver residential real estate market had a “Play it again, Sam” kind of year. It was surprisingly like 2015 … and very much like 2014, for that matter. The last three years have been characterized by: • Home price appreciation near or above double digit rates • Record numbers of resale homes changing hands • Historically low levels …

Buyers Show Up BIG In November

Team CHR Market Trends

Something got buyers cranked up and motivated in November. We had 4,233 properties change hands in the seven-county metro Denver area and this is a whopping 24.76% more than the 3,393 properties that closed in November of 2015! Despite this, the number of homes on the market at the end of the month was exactly in line with last year. We …

Latest Market Stats Predictably Consistent

Team CHR Market Trends

Life is full of surprises. From presidential election results to the behavior of teenage kids, what transpires can easily be unexpected. The residential real estate market in metro Denver, however, is one thing that is not surprising anyone. It keeps sailing along with similar trends as it has been showing for the last three or four years. Just look at …

Predictable Market Masks Great Opportunities

Team CHR Market Trends

September stats show metro Denver’s residential real estate market repeating a predictable pattern. Prices are up 10% to 12%. The number of homes closed is almost identical to last year. Inventory remains steady. Yada, Yada, Yada. Here are the actual numbers: This predictable performance of the overall market, however, conceals the fact that the market is not uniform in every neighborhood and …

Market Cruising Along

Team CHR Market Trends

If we were giving an update on metro Denver residential real estate for August in terms of a traffic report, it would be that there are no accidents on the freeways or side-streets slowing you down. Not so much as even a stall off on the shoulder to cause gawkers. We had wondered the last couple months if the market might …

Market Sending Mixed Signals

Team CHR Market Trends

The metro Denver real estate market might be signaling a shift if you take a short-term view. For the 2nd month in a row, fewer homes sold. For July 2016 compared to July of 2015, the number of homes sold declined by 11.9% even though home prices are up by 10.46% over this time period. The inventory of homes available for …

Temps Sizzle While Market Cools

Team CHR Buying, Market Trends, Selling

Temperatures rose predictably in late June as summer commenced but the metro Denver real estate market cooled a bit:         Fewer homes closed.   More homes were available for purchase.       It’s true. The number of homes changing hands during June stood at 5,906, which is a 7.07% drop from the 6,335 that closed in June of 2015. …

Prices Rise While Activity Remains Steady

Team CHR Market Trends

Rising. Steady. Those two words sum up the metro Denver residential real estate market. The “rising” part is, of course, about home values. A typical single-family home sold for $445,961 in May – a 7.50% increase from May 2015. The average multi-family home was up 13.51% and was just shy of the $300k price tag. The 12-month moving average, which is …

Zillow Living in Interesting Times

Team CHR Buying, Market Trends, Selling

“May you live in interesting times.” The origin of the phrase is much disputed but there is wide agreement on its meaning. Disguised as a blessing, it’s actually a curse and roughly equivalent to “May you have lots of drama, disorder and trouble in your life.” In any sense of the phrase, the mega real estate website company Zillow is living …

Market Maintains Carbon Copy Performance

Team CHR Market Trends

We realize that calling something a “carbon copy” is a bit archaic. Some of us actually remember using carbon paper, probably when typing term papers for college, so that we’d have a duplicate of it after we turned it in. Others have never even seen the flimsy film of black paper that was made obsolete by photocopiers and computers because, thankfully, …