June 2021 inventory of single family and attached units is at record lows of 2,749 total homes for sale in the 8 County Denver Metro Area.Pending contracts are a predictor of future closings - there are 7,717 homes pending to close, compared 8,670 one year ago. The average price of a home in Denver today is [...]
How Hot is Denver’s Real Estate? It’s Sizzling! May 2021 inventory of single family and condo decreased 69.4% from a year ago. Total Active listings today in the 8 county Denver metro area is re 2,628 compared to 6,840, 12 months ago.Despite the shrinking of inventory levels, the number of closed properties has increased 41.7% [...]
What Effect Has the Virus Had On Denver Real Estate Over the Last Year? • Average Price of both Single Family homes and Attached homes Year over Year in March has increased to $578,123, a 14.9% increase over March of 2020• Inventory as of the start of April 2021 decreased by 75.9% year over year.• [...]
Low Inventory and Low Rates are the Talk of the Real Estate Market Average Price of both Single Family homes and Attached homes Year over Year in February has increased to $553,231, a 14% increase. This increase is unsustainable and will flatten by late summer 2021. Remember we had March, April and May of 2020 with [...]
As spring approaches in 2021, never has there been a year when people have looked forward with such anticipation of the season when spending time outdoors is easy and comfortable. In the housing market, homes with outdoor features that make it fun to entertain guests in a socially distanced way are doing well. People who [...]
2021 Denver Real Estate Continues Its Aggressive Market Average Price of both Single-Family homes and Condominium Homes Year over Year in January was $550,165 vs. $475,689 in 2020, a 16% appreciation over January of each year. So long as the inventory is at very low numbers prices will continue to rise. Inventory for January 2021 decreased 12% [...]
Denver Metro Area Single Family Housing • 58,565 single family and condominiums/townhomes sold in 2020 compared to 54,590 that sold in 2019 or a 7.3% increase in the number of homes closed. • At Year End 2020 there were 2,237 active homes for sale compared to the end of 2019 which had 4,395 homes - [...]
2020 Third Quarter Real Estate Review The first three quarters of 2020 real estate experienced a staggering increase of sales coming out of the “shut down period of March through May 8th”. The market was abnormally brisk considering the pandemic, due to low inventory and low interest rates. The days of bidding wars, prices rising [...]
