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 - [...]
WANTED: Sellers Willing to Sell Fast & At Top-Dollar! Inventory for December 2020 decreased 50.56% over December 2019 from 6582 units in 2019 to 3259 units in 2020. The lack of inventory will continue to drive homes sold and appreciation for the first 6 months of 2021. The number of homes closed in November 2019 was [...]
Denver Real Estate Forecast: Low Inventory! With only 5,115 homes on the market this November, compared to 7,645 in November of 2019 for the 8 county area, there is a significant reduction in available housing. This is a 33% reduction in inventory year over year in the 8 county metro area. Twelve months ago, there were [...]
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 [...]
Denver Housing Market: The Good, The Bad, The Questions! Three Trends in Today’s Market The Denver housing market has reached record levels in pricing with an average price increase of 9.2% over last July 2019. The 2020 listing inventory is 36% lower this year than 12 months ago. As supply decreases, demand increases as most [...]
How Does 2020 Denver Real Estate Look? Are we in a Full Recovery for Real Estate? Average Price of a Single-Family Home has increased 2% YOY. Inventory between June 2019 and June 2020 decreased by 31.9%. Including the ‘Coming Soon’ category, the true inventory shows a decrease of 29.51%. The number of homes Pending in June 2019 versus [...]
18503 W 92nd Lane, Arvada | 5 Bed 5 Bath | Total SQFT 5,270 | Candelas | $725,000 Special Features of 18503 W 92nd Lane: -Highly upgraded two story home with walkout basement-3 car garage-Upgraded chef's kitchen includes double ovens, pantry, enourmous island, beautiful counters and backsplash, and extensive cabinetry-Main floor study with custom built-in desk and shelves -Spacious master suite [...]
What Effect Has the Virus Had On Denver Real Estate? Average Price of both Single Family homes and Attached homes Year over Year in March has increased to $484,075, a 5.4% increase over March of 2019Inventory as of the start of April 2020 increased by 3.4% year over year. The number of homes closed in [...]
