Denver Real Estate Market Update - September 2020 The Denver real estate market is booming, despite the coronavirus. Since May Denver has seen a lot of action in real estate and we haven't slowed down. https://youtu.be/FqS_yTdqVLU In August the average sales price came in at $542,784. This was up 0.99% from July. In a typical year we see seasonal price decreases this time of year. But hey, it's 2020, nothing is normal! The average sales price in August was up 11.78% over August of 2019. We … [Read more...]
Denver Real Estate Market Update – June 2020
Denver Real Estate Market Update - June 2020 In the month of May home prices in Denver went down both from the prior month and year over year. Average sales price came in at $495,925. This was down 1.24% from April and down 1.31% from May of 2019. Keep in mind that these were homes that closed in May. A majority of homes that closed in May likely went under contract in April. For the majority of April Realtors in the Denver area were not allowed to show homes due to the coronavirus lockdowns. … [Read more...]
Denver Real Estate Market Update – October 2019
Denver Real Estate Market Update - October 2019 Average home sales price in the Denver metro area came in at $483,734 for the month of September. That was down just 0.56 percent from August and up 6.06 percent year over year. Over the last few years Denver homeowners have been enjoying double digit gains in home value. Since mid 2018 Denver has seen it's year over year gains decreasing. Earlier in the summer we saw a year over year gain as low as 1.5 percent. But those gains have slowly been … [Read more...]
Denver Real Estate Market Update – September 2019
Denver Real Estate Market Update - September 2019 The average sales price in Denver at the end of August came in at $488,918. This was down 1.3 percent from July and up 3.53 percent over August 2018. https://youtu.be/dZMXjPhLPsQ 5,219 homes sold in August, down 10.91 percent from July and down 7.86 percent from August of 2018. August ended with 9,350 homes on the market. This was nearly identical to the end of July, down just 0.1 percent. But is was up 13.64 percent over August of 2018. … [Read more...]
Denver Real Estate Market Update – July 2019
Denver Real Estate Market Update - July 2019 Average home sales price in June came in at $499,807. That was down .54 percent from May. It is normal for home prices to start dropping in June. May typically sees the highest home prices of the year and prices start to decline in June. For the last two years we've seen a 3 percent drop in June and July combined. We will likely see this again in 2019. Since we saw a small .54 percent drop from May to June, I would suspect we see a larger drop from … [Read more...]