A REALTOR’S® client in Boulder recently bought a home in two days, close to the listed price, with a home inspection, with a contingency agreement on the sale of her current home, and with no appraisal gap. CAR Spokesperson Kelly Moye said, “That was a contract we haven’t seen in a really, really long time, and – it was refreshing.” “She...
Four neighborhoods in Southwest Denver - Bow Mar, Westwood, Harvey Park, and Barnum - saw more flip sales in 2021 alone when compared to the last decade, according to Denver property sales data. 2022 is on track to break that record. Overall, there were more home sales in 2021, but CAR Spokesperson Matthew Leprino commented on the data: “The 120-day threshold...
Percent of list price received on home purchases dips below 100% for the first time since 2020 https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Rising interest rates and traditional seasonal slowdown continued to pump the brakes on the metro area and statewide housing markets as potential buyers found a few more options to choose from and a few more days to think about their potential...
If approved by Colorado voters, the fund would provide grants to local governments and loans to nonprofits for developing land for affordable housing; create homeownership programs that provide down-payment assistance; create grants for local governments to fully capacitate applications for zoning and land use permits; and much more. As of Aug. 19, the Colorado Secretary of State’s Office announced that the...
The Pueblo real estate market experienced an 18.2% reduction in home sales for July, but sales are still up 14.8% for the year. CAR Spokesperson David Anderson, a Pueblo REALTOR®, saw a lot of sellers overprice their homes over the last month, which lead to a lot of price reductions.” The problem with that,” he says, “is they never catch...
“If you want to sell your house, it’s still a great market to do that. It’s still a seller’s market,” said Erin Bassett, CAR Spokesperson from the Glenwood Springs Association of REALTORS®. However, the Garfield County real estate market is riding the real estate roller coaster. When looking at CAR Market Trends over the last three months, the county’s single-family...
Join CAR Business Services’ newest partner, PitchHub, for "How to Create and Record Professional Videos from Anywhere," a Webinar, on Sept. 13, at 10 am. Find out how to script videos, the ‘Inexpensive,’ off-the-shelf video tools, how to create engaging videos, and what social media channels to use. This is a free program for CAR members. To access the free Webinar...
The metro area experienced a 50% increase in active listings and a 72% increase in single-family home inventory for July 2021. There was a slight decrease in the median sale price to $723,750 in July 2022 from June 2022, which was $750,000. "Before you read that last number and wonder if that means prices are decreasing, the answer is a resounding...
From June to July 22, the number of single-family homes is up by 10% and for condos, that number is 11%. “It is like we had a really hot summer day and a few days later, a blizzard,” said CAR Spokesperson and Colorado Springs REALTOR® Patrick Muldoon. “One weekend we were watching buyers toss everything they could at a house...
As of July 2022, the metro area has a 1.3 -month supply of single-family homes for sale, which has increased from the .3 months of supply available in February. CAR Spokesperson Matthew Leprino says, “Things have leveled out. Things have calmed down. The best analogy I can give you is that the market just took a huge, deep breath. It’s...