People in metro Denver are moving in record numbers. With just one month left in the year, it is very likely that more resale homes will change hands in 2015 than in any prior year. There were almost 53,500 resale homes with a different owner on November 30th than the party that owned it on January 1st. That number is …
The real estate market in metro Denver continued its now familiar patterns in October according to data just released. Prices are up. More homes are changing hands. As reported last month, the inventory of homes available for purchase is also showing some improvement. That trend continued in October. There were 41% more homes on the market at the end of …
All year we’ve been hearing the word “up” associated with the metro Denver real estate market. Prices are up. Number of homes sales is up. The only thing consistently down has been inventory – the number of homes on the market has lagged behind last year’s levels. Now, even inventory has jumped over to the up side of the ledger. …
We’ve compiled the latest stats on the metro Denver real estate market with all activity through the end of August. And yes … it is pretty much the same story as we’ve had for the last 18 to 24 months. Prices are up at double-digit rates. More deals are happening. The only slight deviation is that inventory is climbing and …
Wrinkles are not good, generally. Most people don’t want them and plastic surgeons and dry cleaners make a living out of getting rid of them. Wrinkles in real estate sales trends, however, can be desirable. And there seems to be a wrinkle in the last stats on the metro Denver real estate market. Before we get to that interesting tidbit …
Old Faithful in Yellowstone National Park is emblematic of something that happens predictably and reliably. That world-renowned geyser in Wyoming is a good metaphor for the metro Denver real estate market over the last couple years. The summary of market activity every month has been following a very predictable pattern: Rising prices with an increasing number of homes being sold …
Father’s Day and the first day of summer will both arrive on Sunday. Other than this mildly interesting oddity, everything going on in the Mile High city right now is the expected norm: Schools are out. The Rockies are struggling. Home prices are up. That’s right. If you are looking for something out of the ordinary, …
Latest Metro Denver Home Stats Are a Rocky Mountain High Denver is known as the Mile-High City. Colorado is famous for its Rocky Mountain High. More recently, we’ve become known for another kind of “high” associated with legalized marijuana. Now we can add a 4th high – record high home prices. You may have seen the article in the …
The 1967 song entitled Up, Up and Away is a good summary of the current Denver real estate market. The fact that the singing group, The 5th Dimension recorded it makes it even more appropriate. Denver real estate has definitely entered another dimension. It is in a new and uncharted realm. Prices? Yep – they’re up. Average sale price in March was $355,462 …
You know how things are for weathermen in the Denver area during the summer months? That’s right — the forecast is pretty much the same from one day to the next: Clear in the morning with a 20% chance of thunderstorms in the afternoon. Highs in the upper 80s. Skies clearing at night. It’s a bit of a broken record. …
Home prices have been rising rapidly in most of the United States over the last three years. Inevitably, this gives rise to fears that we are creating a new housing bubble. Aren’t we just creating the conditions for another real estate crash? It turns out that we actually have a way to measure the health of a real estate market. …
We’ve rolled into a new year. Let’s take a quick look at how metro Denver real estate fared in 2014 and what the landscape is looking like for 2015. Review of 2014: The inventory of homes on the market was at historically low levels in 2014. Right? That was the big story all year. When you hear that, however, it makes …