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 […]

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 […]

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 […]

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 […]

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 […]

The Pulse – November 2013

Commentary – Resale inventory began it’s annual regression in August, but picked up again in September, providing strong October sales, and now available inventory is still weak.   Interest rates have stabilized for the moment around 4.25%,  still extraordinarily low in relation to the mortgage rate history, but the specter of increasing rates is still the […]

Denver Real Estate Market Graphs for October, 2013

Denver Band Chart

Over 1/2 of all homes priced under $400K are selling in every 30 day period. As the year draws toward a close, the days on market are increasing slightly, but no where near a buyers market. The Average Sold price is holding steady, but expect a normal decline in January. Active inventory exceeded 2012 for […]

Denver Housing Market Update for October, 2013

Denver Market Update for October 2013