Active listings and months supply of inventory fall to record lows driving land sales in many communities ENGLEWOOD, CO – Dec. 10, 2020 – High demand and a continually shrinking supply of homes available for sale across Colorado pushed active listing and overall inventory to all-time lows across the state and driving land sales in numerous markets, according to the latest...
October highlights for the Denver market include: The greatest 12-month-period price appreciation (21.3%) ever tracked by the Colorado Association of REALTORS®. There were 42% more single-family homes sold than the previous year, and 23% more new listings arrived to replace them, all while the median single-family price increased $32,000 in one month Taking a look at some of the state’s local market conditions,...
ENGLEWOOD, CO – Oct. 12, 2020 – Forty years after the release of the iconic Pac-Man video game, and a doubling of the state’s residential population to 5.8 million, Colorado house hunters have created their own version of the hungry, energy seeking video character, gobbling up available housing while frantically maneuvering through the residential market maze – all while trying to beat the competition chasing the...
Pending Sales and Median Price hit all-time highs while Active Listings fall nearly 50 percent from a year ago Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO – Sept. 11, 2020 – In addition to record high temps throughout the month of August, the statewide housing market continued its hot streak as well, setting new records for pending/under contract properties and median sales price...
WASHINGTON (September 1, 2020) – Forsyth County, Georgia, ranks as the top “Work from Home” county in the United States, according to a new report from the National Association of Realtors® measuring several factors of increasing relevance amidst the COVID-19 pandemic. Two Colorado counties – Douglas and Broomfield – appear in the top 10 at second and ninth, respectively. NAR’s 2020 “Work...
“That trend of being able to move away from being right next to your job, to being in the mountains and something absolutely beautiful and being able to play and have fun and get your work done, it’s a great combo,” Dana Cottrell, a Summit County-area REALTOR, told CBS 4 Denver. “The single-family averages are pretty high here. A...
With technology allowing more people to work from home, an increasing number of buyers are purchasing homes that were once viewed by many as vacation destinations. Single family home sales in Garfield County were up 86% in July 2020 compared to July 2019. In New Castle, single family home sales were up 128.6% and 233% in Glenwood Springs in July. “They’ve...
USA Today reported on CAR's July 2020 Market Trends report. It notes, "Sales rose 15% from June and 21% from the previous July – before COVID-19 when the economy was rolling. Statewide the median home price rose a startling 4.5% in one month, to $443,925." "There is a total disconnect with half the economy being crushed and yet, housing has mostly shrugged it...
“Buyers waited on an hour-by-hour basis for the new listings to show up, then competed to win the bidding wars,” said Colorado Springs-area REALTOR Jay Gupta in response to CAR's July 2020 Market Statistics Report. As noted in the report, buyers snapped up a record 10,771 single family homes in Colorado in July. Read the full Denver Post article. ...
Fox Business reported on CAR's July 2020 Monthly Market Statistics Report which reported a record 10,771 single family homes were sold that month. Colorado Springs-area REALTOR Jay Gupta said, "...