Reflecting on data from the first six months of sales, Pueblo Association of REALTORS Board Director David Anderson admitted, "It is just crazy and that's just the reality." In 2020, 3,082 residential properties sold for $745 million. so far this year, 1,422 residential properties have sold for $365.5 million, which means Pueblo County sales are on track to zoom past 2020's...
But realtors say there is more inventory available now than there was then. “Our market has definitely shifted in the last couple of weeks, significantly,” said Kelly Moye, spokesperson for the Colorado Association of Realtors. Moye said demand has changed as well. Some buyers are tired of the process. Others are traveling. Plus, the market typically slows in late summer. Watch or read...
Colorado Association of Realtors members are just as confused by what's going on as anyone else, as is clear from statements collected by the group. "If you speak to your local realtor, you will hear that perhaps the frenzy is slowing," notes Sunny Banka, who works in the Aurora area. "It is hard to tell if that is the typical July...
But what is more concrete is that both Battlement Mesa and the town of Parachute do in fact have enough open space to fit the needs of the tight housing market of Garfield County. In most of Garfield County, the chances of finding a single-family home for less than $500,000 are slim to none. Latest data from the Colorado Realtors Association,...
According to the latest monthly figures from the Colorado Association of REALTORS® (CAR), housing inventory increased by 24% in June, with the statewide median sales price for a single-family home increasing nearly 24% year-over-year to $530,000. At the same time, the number of homes under contract eclipsed 10,000 in June, CAR figures show. Another 9,875 units were sold across the state which...
“Colorado gained about 50,000 people between July 1, 2019, and July 1, 2020, according to the data released Dec. 22. That includes both migration and births. The state has added about 760,000 people since 2010, the eighth-highest in the country.” Read more at Denver Business Journal. ...
But addressing the shortfall will require unprecedented actions and intense coordination among the public, private and nonprofit sectors, a new white paper the Common Sense Institute released on Friday argues. “We have to act with a sense of urgency. If we don’t act now the decisions will get harder,” said Peter LiFari, executive director of Maker Housing Partners, who co-authored a housing development...
“I think that everyone wants to say there’s no inventory and everyone is fighting for the same listings, but the fact is that we’re selling more properties than we have in the last…(two years),” said Dana Cottrell, real estate broker for Summit Resort Group and past president of Summit REALTORS®. Read more at the Summit Daily. ...
There is a lot to celebrate this year as CAR honors our 100 years of service to Colorado consumers and looks ahead at how to serve our clients and communities in the century ahead. Over the past several months, CAR and Habitat for Humanity worked to push forward four legislative solutions aimed at helping improve homeownership opportunities for all Coloradans....
The unprecedented housing crisis in Colorado will soon see an equally extraordinary flood of cash. In Colorado's high country, where affordable housing is a decades-long issue that exploded into a catastrophe last year, an army of developers on the front lines of a complex campaign to build workforce housing are ready to help guide the sudden influx of funding. Once the...