Fewer than 170 building permits have been issued for 1,084 burned homes. Empty lots are sitting on the market. A year after the Marshall fire, just one home has been rebuilt. Other homeowners got a jump on the permitting and building process are on track for July or August move-in dates. Fewer than 170 permits had been issued by the cities of...
Congratulations to Terry McCabe, a longtime Four Corners REALTOR®! On December 13, Cortez Mayor Rachel Medina presented Terry with a Proclamation of Gratitude and Appreciation from the Cortez City Council for her commitment to leading the volunteer effort that puts on the Four Corners Board of REALTORS® Christmas Parade of Lights. Terry has hosted, produced, and organized the Cortez event...
The typical seasonal slowdown is being fueled by some interest rate uncertainty, as well as speculation and hope for what spring 2023 may offer to patient buyers. While there is still a sound and growing number of opportunities for buyers, the activity and pace of eager buyers and sellers have taken a much-needed break. The slowdown can be seen across multitude...
REALTORS® from the northernmost Colorado counties are still seeing the same number of listings despite other areas of the state, according to October’s Market Trends reports. Statewide, the number of new listings dropped 20% from September to October 2022. There is a different story to tell in Morgan County. The number of days on the market is taking longer, however, the average...
Realtors with big hearts helping veterans one room full of furniture at a time Congratulations to CAR Past President and longtime Colorado REALTOR® Scott Matthias for being recognized as a Denver7 Everyday Hero for his work with Knock Knock Angels, a nonprofit dedicated to sourcing donations for those who have gone through abuse, homelessness, or other instability. Scott helped found the Colorado...
Overall, CAR’s October 2022 Market Trends report shows more homes on the market—along with a longer amount of time on the market. There were 5,670 homes sold across the state, which is down 17% from September 2022. The median sale prices have decreased by 2% since September, and are listed at $550,000 “Despite higher home mortgage rates, home buyers now have...
CAR’s Market Trends Research reported that in Colorado Springs, the median price of homes sold in October increased by 4.3% to $465,000 since last year at the same time. Compare that number to the number of home sales, which decreased by 33%, from October 2021. Colorado Springs REALTOR® and PPAR President Anne Kidd has one option for sellers: "You can't change...
Although home loan interest rates have increased, the real estate market allows prospective home buyers and sellers to take more time with housing choices. The interest point hikes are significant, Moye said. A couple who could afford a $700,000 house could now only afford $580,000. There have been a number of rate increases from May 2022 to September 2022 totaling...
September Market Trends statewide showed that sales for single-family homes decreased by 24.89% in September compared to September 2021. The number of listings that sold last month decreased by 24.69% year over year. “The best news is that we are seeing the market start to balance in all price ranges,” according to CAR Spokesperson Sunny Banka who works in the...
Home prices have appreciated 11% since the beginning of the year according to CAR’s Market Trends report for August 2022. CAR Spokesperson Kelly Moye says, “A housing recession would mean more inventory than demand from buyers, so your supply and demand would be out of whack--it would be out of balance. And prices would be going down…” The recurring interest...