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 – 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...]
Denver Real Estate Market Update – April 2019
Denver Real Estate Market Update - April 2019 The average sales price in Denver for March came in at $480,486. This was up 3.57 percent over February and up 1.79 percent over March 2018. The number that really sticks out if the 1.79 percent increase over last March. For years Denver has been seeing double digit growth up until the middle of 2018. Those percentages started to drop. Now we are looking at an increase of less than 2 percent. In my opinion, Denver has reached it's temporary top. But I … [Read more...]
Denver Real Estate Market Update – March 2019
Denver Real Estate Market Update - March 2019 The big news in Denver real estate in March was announced to the world earlier this month by the Denver Post. The year over year median home price in the Denver area dropped for the first time in seven years. Yes, it's true! In February the median home price in Denver came in right at $400,000. This was up from January by 1.27 percent but down from February of 2018 by 1.23 percent. Not a huge decrease but a decrease non the less. And as said earlier, … [Read more...]
Denver Real Estate Market Update – February 2019
Denver Real Estate Market Update - February 2019 Although we still see signs of the Denver real estate market balancing out, 2019 is taking off right out of the gate. 2,644 homes sold in January. This is down 29.57 percent from December and down 14.79 percent from January of 2018. This doesn't sound like 2019 is taking off? However, remember, sold means that 2,644 homes closed in January. These are homes that likely went under contract in December. We see a bit of a different story if we look at … [Read more...]
Denver Real Estate Market Update – January 2019
Denver Real Estate Market Update - January 2019 In December the average sales price of a single family detached home in Denver came in at $508,016. This was up 1.01 percent over November and up 4.5 percent over December 2017. The average sales price of a detached home, condo or town home, came in at $350,176. This was down 1.88 percent from November and up 2.57 percent over December 2017. https://youtu.be/yGKRtQfduiA 3,396 homes sold in December which was down 17.79 percent from November and … [Read more...]
Denver Real Estate Market Update – December 2018
Denver Real Estate Market Update - December 2018 November numbers are out and again show signs of a bit of balancing in the Denver real estate market. https://youtu.be/INy7iDAOzyk Average home price in November came in at $462,344. This is down 1.64 percent from October and up 6.47 percent from November 2017. This includes both attached and detached homes. Let's break that down a bit. The average sales price for a detached single family home came in at $505,990 down 3.33 percent from October … [Read more...]
Denver Real Estate Market Update – November 2018
Denver Real Estate Market Update - November 2018 For the last few months we have been seeing seasonal drops in average sales price in the Denver real estate market. In October 2017, we saw a bump up in average sales price. We saw the same this October with average sales price coming in at $471,321 an increase of 3.26 percent over September. And an increase of 7.21 percent over October 2017. https://youtu.be/Xeg0JqBfMJI The movement in sales price of a detached home versus an attached home … [Read more...]
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