Market Conditions 
There are currently 75 blog entries related to this category.
Rising Trend of Sales, Prices in Denver Continue Until Last Quarter of 2012
Monday, January 7th, 2013 at 6:50am. 572 Views, 0 Comments.
Both home sales and home prices are continuing its upward trend that started last year. Average home prices went up by 2.1% and closed transactions also shot up by 17.8% compared to last year’s levels, according to the October RE/MAX National Housing Report. The continuing drop in inventory is a significant issue in several markets. Low inventory levels has resulted in higher prices and limited the choices for homebuyers.
Margaret Kelly, CEO of RE/MAX, LLC said that as fourth quarter of 2012 ends the market is still showing a considerable increase in prices and sales in the Denver area. But she also said that this kind of recovery is still unstable. The strength of the market will still depend on inventory supply, reasonable lending,…
Residential Real Estate Prices in Metro Denver Shoots Back to Records High
Tuesday, January 1st, 2013 at 7:33pm. 271 Views, 0 Comments.
Residential prices are quickly rising back to their pre-real estate bubble prices. This is brought about by a lot of competing buyers and a because of the low supply of available homes. According to Metrolist Inc. statistics is showing an upward trend. Single-family homes have been sold for a median price of $250,000, which is almost the same price back in 2006 before the economy started tanking. The prices of these single-family homes already shot up by 8.8% in October compared to last year’s prices. According to Metrolist Inc., so far that’s the highest rate of increase seen for detached homes since the early 2000s.
But experts are giving everyone a word of caution, not all communities in the area are experiencing the same…
Group of Sportsmen and Ranchers Offers to Repurchase Oil-lease Land
Friday, December 28th, 2012 at 6:15pm. 278 Views, 0 Comments.
A unique group of ranchers and sportsmen from Colorado are planning to protect 220,000 acres from gas and oil drilling. They are offering $2.5 M for the land. This was the cost of the leases a decade ago when it was auctioned off by the Bureau of Land Management however this offer was rejected for being too low.
The Thompson Divide Coalition said that it can
come up with $50 million to buy back the nonproducing leases. The land spreads throughout five counties
from Glenwood Springs. This area
supports the region’s agricultural and
tourism economies. They are providing a
non-confrontational battle and stirring away from complex litigation with their
offer. On the other hand, the Front
Range activists are waging a battle with…
Denver Luxury Residential Market Experience Massive Increase
Thursday, December 27th, 2012 at 11:50am. 244 Views, 0 Comments.
Based on recent reports conducted
in Denver, the city’s residential real estate market has seen several notable increases
this year, which is a trend that’s particularly driven by 
the sales of luxury
residences. Statistics gathered by numerous real estate companies point out
that the number of lavish dwellings sold during last month was more than double
than that sold during October of 2011.
Research also shows that the houses tagged and sold above the $1 million dollar mark went up from 23 of October last year to 50 during the same month of this year. “Luxury home sales are starting to move up the food chain,” says a broker from Kentwood Real Estate. “There is a kind of a feeding frenzy for homes up to $1.5 million. When you get…
Denver Home Market Prospects Bullish
Thursday, December 27th, 2012 at 1:59am. 222 Views, 0 Comments.
The real estate market in Denver, Colorado, continues to exhibit steady recovery, recent statistics show.
Denver homes sales this September rose 17 percent, with the median sales price estimated at $282,305, a level accessible to most potential buyers. During the month, a total of 3,949 residences were sold at prices 11 percent higher than those posted in September 2011.
An upward pressure is exerted on prices by the depleted home inventory in Denver which, realtors observed, has ebbed to its lowest level in thirteen years. At the same time, there are indications housing demand has accelerated. The average period of time that a residential property stays on the market was reckoned at sixty-four days in September 2012, compared with…
Apartment Vacancy in Metro Denver Falls to Lowest Rates
Friday, December 14th, 2012 at 4:31pm. 446 Views, 0 Comments.
A report released Monday by the Apartment Association of Metro Denver and the Colorado Division of Housing, states that the apartment vacancy rate was down from last year’s 4.9% and it was also down this year at 4.8%. But its lowest drop was at 4.3% during the third quarter of 2012.
It was in the third quarter of 2009 when the vacancy rate rose but for the past twelve quarters the vacancy rate has significantly dropped compared to the previous year. Areas like the Boulder/Broomfield area, Adams, Arapahoe, and Jefferson counties felt the vacancy rate deteriorate from the third quarter of 2011 to 2012.
Supply will continue to be a factor according to industry observers. Ron Troupe, Real Estate professor at Burns School of Real…
Colorado Market Flocked by Outside Investors
Wednesday, December 5th, 2012 at 10:14am. 271 Views, 0 Comments.
A number of national investors are flocking to Northern Colorado because of its booming economy.
Northern Colorado is attracting the attention of many national investors because it offers quality assets that come at low prices. This part of the region is considered as a tertiary market compared to the larger markets of New York and Denver. Realtec’s Christensen explains that a tertiary market holds about 50,000 to 250,000 residents.
Northern Colorado presents a more stable economy compared to other states because it shows a lower unemployment rate compared with the other regions. This is one indication that the economy in this state is more stable than other areas. It is reported that Fort Collins holds an unemployment rate of 6 percent while the…
A Cloudy Forecast on Denver’s Real Estate Sector
Wednesday, December 5th, 2012 at 9:54am. 320 Views, 0 Comments.
The Urban Land Institute revealed its 2013 forecast of the real estate sector during its fall meeting.
According to the Urban Land Institute, although the real estate sector has been showing some signs of progress, it’s still been recovering slowly. The forecast was based on a survey report over the span of 34 years, which cuts across the entire real estate market in the Denver. It includes industrial sectors, housing and even offices. Some of the predictions include:
• Residential estate will continue to progress.
• Strong demand for rental housing will continue despite the emerging multi-family buildings and condos.
• Tight supply of commercial spaces will continue a downward trend. This will affect job vacancies from the retail and industrial…
Reports Show Strong Increase In Denver Home Sales
Thursday, November 1st, 2012 at 10:54am. 804 Views, 0 Comments.
According to several reports conducted on Denver’s real estate market, the increase in sales activity is notably higher this 2012 as compared to that experienced over the past several years. While information gathered by Metrolist Inc. shows that the number of houses sold in august (4,685) dropped to 3,949 during the month after, it’s still an 18 percent increase from September 2011. Moreover, sales made last month was the highest made in September since 2008.
“Year-to-date results are really strong in the region, with home sales pacing 17 percent ahead of last year,” said Kirby Slunaker, CEO and president of Metrolist Inc. “Despite the seasonal downturn, the annual figures are incredibly robust.”
Based on Multiple Listing Service (MLS)…
Real Estate Market In Colorado’s High County Stabilizing
Wednesday, October 31st, 2012 at 11:25pm. 1877 Views, 0 Comments.
Things appear to be looking brighter for Colorado’s real estate market as resort sales are increasing in six of seven resort-anchored regions. Though the combined rise of 2.8 percent over the last year through July is a mere fraction in comparison to the peak boom seen during 2007, realtors within this industry feel that a rebound may be coming soon as indicated by a trend of steady sales.
Market events from 2006 leading up to this period of time where recovery has become a good possibility took brokers, homeowners, sellers and buyers on a very unpredictable ride of success and failure in different areas. Telluride’s San Miguel county real estate market fell from $442 million in 2007 to $118 million two years later when the recession…
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