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- July 2020
Denver Real Estate Market Update- July 2020 Denver continues to show signs of a strong real estate market. In March, before covid19 restrictions Denver's average home sales price hit an all time high at just over $513k. During the lockdown and showing restrictions average sales price dropped below $500k. But in June average sales price came in at $509,736. It's back up over $500k and the second highest average sales price ever. https://youtu.be/4i0hbYoHz78 5,581 homes sold in June. This was … [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 – May 2020
Denver Real Estate Market Update - May 2020 Because of the coronavirus Realtors were not allowed to show homes in the Denver area for most of the April. And the numbers do reflect that. In April the average sales price came in at $503,231. This was down 1.79 percent from March. Typically we see an increase in average sales price from March to April. Average sales price was up 1.52 percent from April of 2019. Although still up year over year, we have been seeing a higher year over year increase … [Read more...]
Denver Real Estate Market Update – April 2020
Denver Real Estate Market Update - April 2020 If I handed you the Denver Real Estate Market Update report for April you would never guess that we are in the middle of the coronavirus pandemic. Buyers are still buying. Sellers are still selling. A deeper look and you will see a bit of a slowdown. But like I said, just looking at the numbers, you would have never guessed. We will see if there is a big difference when I have the May report sitting in my hands. https://youtu.be/xRl1lQEveTU In … [Read more...]
Denver Real Estate Market Update – March 2020
Denver Real Estate Market Update - March 2020 Once again the news of the month is low inventory! Last year at this time buyers were happy as they saw a large year over increase in housing inventory. In 2020 we see a different story. February ended with just 4,835 homes on the Denver market. This was down 2.15% from January and down a whopping 19.64% from February of 2019. https://youtu.be/8ifcXnJGn54 Despite the low inventory new listings were up. 5,122 homes were listed in the Denver area in … [Read more...]
Denver Real Estate Market Update – November 2019
Denver Real Estate Market Update - November 2019 The average home price in the Denver area in October came in at $486,390. This was up 1.22 percent over September and up 3.54 percent over October of 2018. The average sales price for a detached single family home came in at $535,483. The average sales price for an attached home came in at $365,665. The 1.22 percent increase in average sales price from September to October comes as no surprise. Typically we see a seasonal drop in sales price … [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 – August 2019
Denver Real Estate Market Update - August 2019 The average sales price in Denver dropped very little over the summer months. This was a surprise to me. Over the last few years the average sales price in Denver has dropped about three percent from the end of May to the end of July. This year the average sales price dropped less than one percent during that time. From May to June the average sales price in Denver dropped just .54 percent. And from June to July the average sales price dropped just … [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...]
Denver Real Estate Market Update – June 2019
Denver Real Estate Market Update - June 2019 I've got some good news for sellers and some good news for buyers in this month's real estate update. For the sellers first: home prices are up. In fact, this month we broke another record. The average sales price for a single family detached home came in at $555,482. This was the highest Denver has ever seen. The average home sales price for both detached and attached homes combined came in at $505,827. This was up 2.07 percent over April and up 3.36 … [Read more...]
Denver Real Estate Market Update – May 2019
Denver Real Estate Market Update - May 2019 Lots of chatter going on about the Denver real estate market. Are things slowing down? Are we in a buyer's market? Are prices dropping? Let's take a look at the numbers. https://youtu.be/RiYUP4naxQ0 In April the average sales price of a home in the Denver area came in at $497,119. This was up 3.87 percent over March and up 1.5 percent over April of 2018. So, no home prices have not dropped in the Denver area. But the rate of increase has slowed. … [Read more...]
