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 – 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...]
Denver Real Estate Market Update – October 2018
Denver Real Estate Market Update - October 2018 The Denver metro area has been seeing inventory increases over the last few months and September was no exception. The month ended with 8,807 properties on the market. Inventory was up 7.04 percent over August and 16.10 percent over September of 2017. Homebuyers should be feeling a bit of relief. Although, make no mistake, Denver is still a seller's market. https://youtu.be/jl3ok5xQw4c While inventory was up, the number of sales was down … [Read more...]
Denver Real Estate Market Update – September 2018
Denver Real Estate Market Update - September 2018 In July Denver saw it's highest inventory in three years. August saw an even greater increase in inventory and had the highest inventory in the past four years. https://youtu.be/SCF2wnsTjaQ Denver had 8,228 active properties at the end of August. August saw an increase of inventory of 7.65 percent over July 2018 and an 11.79 percent increase over August 2017. The increase in attached homes, condos and town homes, was significantly higher than … [Read more...]
Denver Real Estate Market Update – June 2018
Denver Real Estate Market Update - June 2018 In May Denver saw it's first dip in average sales price of a single family detached home. The average sales price came in at $540,624, just slightly lower than the $543,058 we saw in April. I did not expect to see any decrease in average sales price until July but I don't think this is any reason for concern. And I will be interested to see where this number lands for June. (Average sales price for a single family detached home is up 10.67% over May of … [Read more...]
Denver Real Estate Market Update – May 2018
Denver Real Estate Market Update - May 2018 It's May in Denver and the big news in the Denver real estate market this month is average home price! In February of this year the average sales price of a single family home in Denver hit over a half million dollars for the first time ever. In April that average sales price was up to $543,058. That is up 8.17 percent in just two months. Now with this sort of growth, you may be thinking that you need to go out and buy ten homes in Denver. And yes, we … [Read more...]
Denver Real Estate Market Update – April 2018
Denver Real Estate Market Update - April 2018 In February the average price of a detached single family home in the Denver metro area hit over $500,000 for the first time. The number came in at $502,986 to be exact. In March that number went up to $522,277. That's a 3.77% jump in just one month. I expect that the average price of a home in Denver will continue to go up monthly through June. In July prices will start to decline as the spring/summer selling season tapers off. The average home … [Read more...]
Denver Real Estate Market Update – March 2018
Denver Real Estate Market Update - March 2018 The temperatures in Denver have been unseasonably warm and the real estate market is HOT! February was another record breaking month. We saw some records broken in both December and January. But both month those records were in relation to the housing inventory shortage in Denver. This month's record is different. In February the average sales price of a detached single family home in the Denver area hit an all time high and topped the half million … [Read more...]
Denver Real Estate Market Update – January 2018
Denver Real Estate Market Update - January 2018 Two words can describe the Denver real estate market in 2017: record breaking! In 2017 the record for highest average and median home prices was broken. Average home prices in 2017 hit their high in June with the average price of a home hitting $454,547, this number includes both single family detached homes and condos and townhomes. Let's break that down a bit. In June the average sales price for a single family detached home reached $498,762. And … [Read more...]