Lakewood residents voted for a measure aimed at limiting development Tuesday. Ballot question 200 was approved by approximately 53 percent of voters, with the remainder voting against it. The ordinance seeks to limit development in the city by capping new housing projects at 1 percent of the city's current housing stock. "As REALTORS®, it’s our job to ensure housing remains as attainable as...
CAR was excited this year to be a sponsor of the Habitat for Humanity Legislative Build Day that sponsored building across the state on June 27, 2019. “CAR is thrilled to partner with Habitat for Humanity to build affordable housing,” says Vice President of Government Affairs, Elizabeth Peetz. “We know that 1 in 7 households spend more than half...
A lack of affordable housing doesn’t just bedevil Telluride, it challenges communities across the state, so much so that last October a bipartisan group of state senators and representatives sat down with diverse stakeholders ranging from the Colorado Association of REALTORS® to Habitat for Humanity to Ski Country USA, plus local government representatives, to examine the issue. Town of Telluride Program...
Denver’s 2019 elections have become a referendum on development, with Mayor Michael Hancock defending his handling of the city’s rapid urban growth. The debate has produced some major questions about development, housing and money. Here are some answers. Are housing prices slowing down? Yes. The pace of increases for rent and sale prices has slowed down lately. The median single-family home in...
By Greg Johnson, Calibrate Real Estate After six years of steady growth, in 2018 the Central Denver apartment market flattened out. See report by clicking here. Nearly 1,000 units were sold in 34 transactions, and the average price per unit was $182,938, a slight decrease from 2017’s average of $185,316. We calculate the average price per unit annually from Central Denver...
Have you seen the Consumer Resources page on the CAR website? In this section you will find information about finances, foreclosures, home maintenance, legal, and answers to common questions about real estate in Colorado. Click here for information on buying a home and here for selling. Search for new residential and commercial development throughout Colorado in the “Real Estate Development” section. You have the ability to...
Earlier this month, Oakwood unveiled its 24-home development off Pena Boulevard and 54th Avenue in Green Valley Ranch. The homes are priced around $230,000. While smaller than the average Denver home — roughly 1,200 to 1,400 square feet — buyers can choose a one- or two-car garage, the number of bathrooms, and from two to four bedrooms. "The average price of...
DENVER -- The Denver City Council has approved a new long-term development plan for downtown Denver and it includes a new neighborhood. The council heard public comment before voting to unanimously approve a plan that would allow for future changes and development at the current site of Elitch Gardens, the Pepsi Center, and surrounding parking lots. The formal title is the “Downtown Area Plan”...
Castle Rock saw 5.1% growth in 2017 By: Meghan Lopez CASTLE ROCK, Colorado—The town of Castle Rock was recently named one of the fastest growing areas in the entire country. According to the U.S. Census Bureau, Castle Rock is competing with big cities like Phoenix, Los Angeles, San Antonio and Dallas for the most growth. It saw a 5.1 percent increase in its population...
The Colorado Association of REALTORS® sought to get the word out about the dangers of ballot initiative No. 66 and successfully did so at their annual Economic Summit on February 7, 2018. Initiative No. 66 is currently being reviewed by the Supreme Court and could be on the ballot this November. This initiative seeks to cap new housing construction to 1%...