Market Sailing Along with Little Change

Team CHR Market Trends

The news from the metro Denver real estate market in March is that there is no real news. The market continues to sail along in much the same way as it has for the last few years. Here are just a few stats that prove the point:     There were 4,520 properties that closed in March of this year versus …

Denver Real Estate Like The Bachelor?

Team CHR Market Trends

More homes are selling. Prices are rising. That’s been the trend for 3+ years and the trend continued in February. No surprises there. However, here is a trend that is not getting much coverage: There is more than the normal amount of transaction fallout occurring right now. Fallout is when a property goes under contract but then fails to close. …

Market Ramping Up Quickly in January

Team CHR Market Trends

Hold on to your hats! If the January 2016 performance of the metro Denver real estate market is any indication, this year is going to make 2015’s record setting year look anemic … at least in terms of the number of sales. There were 3,141 closed transactions in January this year compared to 2,722 in January a year ago. That …

Star Wars and the Denver Real Estate Market

Team CHR Market Trends

December found us treated to the next installment in the Star Wars saga with Star Wars: The Force Awakens, which turns out to be a very apt name. The movie has beaten all box office records with revenue of $812 million in less than four weeks. And that is just what it has done in the United States! It kind …

“MILLION DOLLAR +” HOMES IN METRO DENVER

Team CHR Buying, Market Trends, Selling

Most people are curious about what luxury living looks like in their neck of the woods. How many millions would it take and what do you get for all those zeros? Let’s looks at some facts for Metro Denver over the last year:   Less than 2% of the homes sold over the last twelve months had a price tag …

Metro Denver Homeowners Like to Move

Team CHR Market Trends

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 …

More Homes Available for Purchase

Team CHR Market Trends

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 …

Finally – Every Market Trend Is Up

Team CHR Buying, Market Trends, Selling

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. …

WHAT’S UP IN YOUR ZIP CODE?

Team CHR Market Trends

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 …

An Interesting Wrinkle in Latest Sales Data

Team CHR Market Trends

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 …

Metro Denver Home Sales Like Old Faithful

Team CHR Market Trends

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 …

No Surprise with Latest Stats on Metro Denver Home Sales

Team CHR Market Trends

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, …