Getting involved as a CAR Officer or as a member of a Committee or Chair Advisory Group has great privileges and benefits. 1) more exposure for yourself and your firm; 2) connections with people outside of your market; 3) leadership skills that will improve your business; 4) local board representation at the state level; 5) contributions to the decision-making process;...
Several Denver Metro-area real estate experts in reporting that $1 million is no longer the price point for a luxury home. To live in luxury in Denver, buyers should plan to pay between $1.5 to $2 million or more, and likely on the higher end of that range. “It’s less and less likely that buyers can get the luxury home they pictured by paying...
NAR recently announced the following MLS policy change implementation deadlines have been extended to September 2022: 1) one data source and 2) enhancements to listing broker attribution with an email or phone number. All other MLS policy changes will need to be implemented by March 1, 2022. For more details, go to https://www.nar.realtor/about-nar/policies/summary-of-2022-mls-changes ...
Legislative Advocacy this Week at the State Capitol CAR's GA Division and LPC Work on Housing and Wildfire Mitigation Bills This week, CAR, at the direction of the Legislative Policy Committee (LPC), worked to clarify and improve bills at the Capitol and worked with executive agencies to mitigate current process issues in court practices under previous legislation passed in 2021. Senate Bill 22-019 is a bill...
“There are plenty of thought-provoking choices to make in life--more so when you take a glance at predictions and numbers that can relate back to your or your client’s livelihoods,” said Estes Park REALTOR® and CAR Spokesperson Abbey Pontius. In Estes Park, the average sales price of a single-family home is $583,367, and townhomes and condos are at $393,000. “This amount of money will have...
Since January 2021, the number of homes for sale has dropped by almost half for the same time in 2022. According to CAR’s Market Trends Report, across Colorado there are 4,151 single-family properties listed, which is a 44.5% decrease. CAR Spokesperson Kelly Moye said there are “…eight new listings for the entire month of January in Broomfield. Eight listings. That...
Highs and lows continue in the housing market in Colorado. “We have tied last month for the historic, lowest amount of inventory on record," said Matt Leprino, CAR spokesperson. Denver had 1,400 homes for sale for Dec. 2021 and Jan. 2022, which is a 60 percent reduction from last year at this time. “The median home price went up 19% in just one year...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Despite a nice, but expected seasonal uptick in the number of new listings that came to the Colorado housing market in January, a strong month of pending/under contract activity quickly gobbled up available inventory, once again keeping active buyers pushing the limits of their budgets and patience, according to the January data from the Colorado Association of REALTORS®. While the volume of...
Many ideas await the recommendations from legislators on how to spend $400 million of COVID-relief money on how to make housing more accessible to more people. “We’re all saying it: This is a once-in-a-lifetime chance to make investments in housing that we would never as a state be able to make in our own,” said Cathy Alderman, chief communications and policy officer for the Colorado...
Legislative Advocacy this Week at the State Capitol HB 1006 is supported by the Legislative Policy Committee (LPC) because it will help property owners that lease have the ability to get a property tax exemption for childcare. We think that this is a good public policy change that will help increase daycare and childcare centers in commercial buildings that might be...