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 …
There are some truths that everyone knows: (1) You don’t tug on superman’s cape. (2) You don’t spit into the wind. (3) Denver real estate prices are moving up strongly due to the low inventory of homes on the market. By now, everyone except Rip Van Winkle has heard a lot of news about Truth #3. So we won’t dwell …
The metro Denver real estate market is a story of ups and downs. Both the ups and the downs are good, for the most part. What’s Up? Prices are up. The average price of single-family homes closed in May 2014 was $370,918 and the 12-month average (June 2013 to May 2014) was $341,464, an increase of 10.72% and 8.63% …