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, "...
“There is a total disconnect with half the economy being crushed and yet, housing has mostly shrugged it all off,” said Colorado Springs-area REALTOR Patrick Muldoon. Read the full article from CPR News. ...
Contact: Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO – Aug. 12, 2020 – A record number of single-family homes sold in July have shattered state records and driven median home prices to record highs as well, according to the latest monthly housing data from the Colorado Association of REALTORS® (CAR). Despite another strong month of new listings, a...
By Sarah Mulholland, CPR News Statewide, the number of homes listed for sale in June fell 39 percent compared to the same time last year, according to a report from the Colorado Association of Realtors. Buyers are snapping up limited inventory now that stay-at-home orders are lifted, pushing the number of homes under contract up more than 30 percent — to...
By Carole VanSickle Ellis, REI Ink It surprised no one that Denver, Colorado’s, housing market took a hit in spring 2020. After all, no market has been unaffected by the economic downturn the coronavirus pandemic brought on. However, real-estate-related behavioral trends that emerged at the end of April when some “stay-at-home” restrictions were lifted in Colorado indicate a strong summer for residential...
By Jason Blevins, The Colorado Sun Urbanites fleeing cities for homes in the hills are pulling mountain resort real estate out of a pandemic slump. Inventories are dwindling, prices are soaring and resort-town schools are seeing enrollment climb as second-home owners and newcomers settle in places like Steamboat Springs, Vail, Crested Butte, Telluride and Aspen. Telluride REALTOR® George Harvey is working with more...
Home sales in northern Colorado took off in June after the easing of coronavirus-related restrictions on the real estate market, with homes in Fort Collins, Loveland, and Greeley selling at a record pace. “The buyers didn’t go away (earlier this year),” Fort Collins-area REALTOR® Chris Hardy told KUNC. “They were on intermission.” However, Hardy acknowledge some homeowners have been slow...