We’re Halfway Somewhere

June2014-10

It is hard to believe that we are already halfway through 2014.  Most everybody in the real estate industry has been so busy there has been little time to catch our breath, at least here in Metro Denver. There is some talk in the national media that the real estate market is slowing down, but […]

Denver Market Update for July, 2014

Denver Band Chart resized

Properties priced below $200K are now barely 7% of the total market. Over 1/2 of the June sold properties exceeded $500K, which explains the ever increasing median price. Sold volume for condos priced over $200K continues to increase. Sold price per square foot will level off at just over $200 in 2014.

Home Ownership Over There

Map

While a major piece of the American Dream still relates to home ownership, it is interesting to note that the United States ranks 34th in actual home ownership compared to the other 41 members of the Organization of Economic Cooperation and Development. From the peak of 69.2% in 2004, 65% of Americans own their home […]

The Pulse – July 2014

the pulse

Commentary: The Metro Denver real estate market is still experiencing the effects of low inventory, however, there were 5.2%  more homes sold in June of 2014 than in the same month of 2013, and the average price increased by 5.41% year over year with the median price increasing by 7.8%.  More sales and  higher prices.  […]

Denver Market Update for June, 2014

Denver Band Chart resized

The average days on market (DOM) is now less then 2 months with the exception of properties priced under $109,000 or over $800,000. Over 80% of the houses sold in May were priced between $220K and $500K.  What we think of as the upper end (prices over $500K) has increased to 15% of the overall […]

Denver Market Update for May, 2014

Denver County Zip Code

With only two exceptions, the entire Denver area real estate market is in a sellers market.  The area around Central City, in Gilpin County is balanced, with only the area southwest of Castle Rock indicating a buyers market. The Zip code 80017, in East Aurora, is showing 3 days of available inventory, and scattered areas […]

The Pulse – May 2014

the pulse

Commentary: The Metro Denver real estate market is still experiencing the effects of low inventory. There were 3.8% less homes sold in April of 3014 than in the same month of 2013, but the average price increased by 7.2% for April year over year and the median price by 8.20%.  Less sales, higher prices.  Metro […]

The Real Housing Crises

housing crisis

Back in 2008, the media, quoting supposedly authoritative “housing experts”, went over the edge with a constant stream of reports indicating that the United States was in the worst “housing crises” since the Great Depression. A few experts, seldom quoted, spoke fervently to the financial crises, noting that a housing crises would be a lack […]

Data, Information, and Knowledge

Advice Help Support And Tips Signpost Showing Information And Guidance

Most of us buy (or lease) a new automobile from time to time. What type, brand, or price range that brackets your search, and your personal passion for automobiles, defines your shopping experience.  Those folks that are very passionate about automobiles maintain a certain level of knowledge regarding the automotive industry, while those less passionate […]

Denver Market Update for April, 2014

Denver Band Chart resized

Home sale prices have increased dramatically since last March, whereas only 18% of the sales were in the $400-$499 price range, this year 34% of the sold homes have been in that price range. The National average inventory is showing just over 5 months, but Metro Denver is just over 2 months.  The major stumbling […]

The Pulse – April 2014

Commentary: Having predicted a strong real estate market in 2014, we now have to consider just what we mean by the word “strong”.  Sold listings were down in March from the previous year by 13%, but the average price increased by 5.28%, and the median price by 8.21%.  Less sales, higher prices. The most significant […]

The Pulse – March 2014

Commentary: Having predicted a strong real estate market in 2014, we now have to consider the word “strong”.  Sold listings were down in February from the previous year by 7.5%, but the average price increased by 7%, and the median price by 6.8%.  Less sales, higher prices. The most significant brake on the local market […]

How’s the Market?

House and shopping cart

If every REALTOR® had a nickel for every time that question was asked of us, we could buy a condo for cash. Of course, it’s a casual question, meant to be both friendly and perhaps get a little free information to make the poser better informed. The silly part is that most REALTORS® provide an […]

Denver Market Update

Jan Band Chart

The market starts 2014 strong in all price ranges, with only $700 to $900K showing weakness The Denver area inventory is well below the national averages as shown in this graph.

The Pulse – February 2014

Commentary: As we enter 2014, many are predicting a strong real estate market. The most significant brake on the local market will be a lack of inventory, which will be true in most major markets around the country. Resale inventory at the end of January 2014 with only 7,832 active listings, some 9,000 units less […]