Nothing on the Shelves

November2014-11

Every bit of residential real estate market data we have at hand indicates a continuing strong sellers’ market.  Recent sales activity in Metro Denver exceeds last year, Foot traffic through homes for sale is the highest in a decade, mortgage credit availability has been increasing, and mortgage loan approvals are happening with a continuing decline […]

The Pulse – November 2014

the pulse

Commentary: The effects of low inventory (homes currently for sale in the MLS System) in the Metro Denver real estate market continues to support strength in valuation and the low inventory had no effect on the total sales increasing in October by 7.7%  with the average price increasing by 6.08% over the same month in 2013, […]

Denver Market Update for November, 2014

Oct Band Chart

The $200-$300 price range is the most active in the Metro area, with more homes selling than being listed. Average prices per square foot will exceed $200 consistently in 2015. Condo prices per square foot will continue to rise as regulatory issues are strangling the new build market. Three quarters of the sales market is […]

Answers

Oct Newsletter 2

Recent surveys and informal chats with our fellow REALTORS® give us a very strong indication of the concerns most consumers have regarding real estate. This month, we offer you a few questions, and a few answers: 1.  Are home values approaching a new bubble or will prices continue to appreciate? Rather than consulting our slightly […]

The Pulse – October 2014

the pulse

Commentary: The effects of low inventory (homes currently for sale in the MLS System) in the Metro Denver real estate market continues to support strength in valuation and the low inventory had little effect on the total sales increasing in September by 5.9% over the same month last year.  The average price increased by 4.22% […]

Denver Market Update for October, 2014

Denver Band Chart resized

Properties priced under $800K are still in a sellers or extreme sellers market, with $200-$300K being the sweet spot in pricing in Metro Denver. Sellers in all Denver Counties are enjoying a strong sellers market. The decline in sales under $200K is simply a story of increasing prices and little desirable inventory under $200K It […]

Cool to Warm

Depositphotos_7247479_s

Much has been written here and on most every other forum for Metro Denver real estate that we have been in a hot market.  It is impossible to know just when a hot market slows to warm or moderate until enough time has passed to gain perspective on the sales statistics, but perhaps the market […]

The Pulse – September 2014

the pulse

Commentary: In spite of the effects of low inventory (homes currently for sale in the MLS System) the Metro Denver real estate market continues to show strength in valuation, although total sales have declined slightly.  There were 6.1% less homes sold in August of 2014 than in the same month of 2013, although the average […]

Denver Market Update for September, 2014

Denver Band Chart resized

Properties priced under $300K are actually selling faster than replacement inventory is coming to market. Properties priced over $500K continue to claim an increasing share of the market as the average and median prices climb. Condo prices will continue to increase in velocity as few new condos are added to the market. Price per square […]

Big Ads in Search of Dumb Buyers

Real Estate Ad

From time to time, the Editor here at The Berkshire Group’s Newsletter Department finds a great article that makes such a great statement it bears repeating. That is the case this month.  The excellent researchers and great writers at Keeping Current Matters, our source for national real estate information, really hit a nail on the […]

Denver Market Update for August, 2014

Denver Band Chart

Homes priced above $600,000 (approximately 1/4 of the total market) remain in a buyers market, while the balance of the market is aggressively in favor of sellers. Increased sales in the higher price range indicate a higher median price affecting first time buyers negatively. Condos priced under $110,000 are becoming rare, while the high end […]

The Pulse – August 2014

the pulse

Commentary:  In spite of the effects of low inventory (homes currently for sale in the MLS System) the Metro Denver real estate market continues to show strength in valuation, although total sales have declined slightly.  There were 6% less homes sold in July of 2014 than in the same month of 2013, although the average […]

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 […]