Colorado Association of REALTORS | Residential Housing
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Residential Housing

Interest Rates Change, Sale Prices Stay, Balance Predicted in CAR’s Housing Affordability Index

Posted on May 16, 2022
Market Trends & Statistics, REALTOR® News, REALTORS® in the News, Residential Housing, Stats & Trends

REALTORS® across the state report the tides are turning in Colorado’s hot housing market, however, the prices are not, according to CAR’s April Market Trends report. In April, the statewide average home sales were $747,226 for a single-family home and $578,237 for a townhome or condo. Summit County data showed that 81% of homes in the county were priced at over...

Stats Show the Entire State’s Home Sale Prices Mirror City Prices

Posted on May 13, 2022
Market Trends, Market Trends & Statistics, REALTOR® News, REALTORS® in the News, Residential Housing, Stats & Trends

CAR's April Market Trends Report shows that interest rates are curbing the number of offers on homes. However, prices are staying about the same, and now the state and metro area median home prices are almost the same. Statewide, the median price is $600,000, versus $660,000 in the seven-county metro area. According to CAR Spokesperson Sunny Banka of Aurora, "We are...

Fort Collins REALTORS® Face ‘Logjam’ of Prospective Homeowners

Posted on May 4, 2022
REALTOR® News, REALTORS® in the News, Residential Housing

CAR’s March Market Trends showed that Fort Collins has a huge number of possible homeowners who are offering tens of thousands of dollars over the asking price. CAR spokesperson Chris Hardy says that the multiple offers and large amounts of money that are coming from competing buyers are "just to have a shot at catching the seller's eye and having...

Fraud Alert – Vacant Land Scam

Posted on May 4, 2022
Communities, Consumer Awareness, General, REALTOR® News, Residential Housing

Land Title Association of Colorado and the Colorado Association of REALTORS® have become aware of a new fraudulent scam that has quickly become more prevalent in the last month.  In most instances it includes VACANT LAND.   A fraudster locates a property and impersonates the owner of the property.  They list the property for sale (typically as a “FSBO”) on...

FORT COLLINS, CO, USA - MAY 20, 2016: Aerial view of typical residential neighborhood along Front Range of Rocky Mountains in Colorado in springtime

ADU’s In Practice & Purpose

Posted on April 26, 2022
REALTOR® News, Residential Housing

Both property owners and renters are beginning to see the benefits of Accessory Dwelling Units (ADU’s) in Denver. The cost to build the units depends on whether they are renovated from a stand-along garage or built from the ground up and is anywhere from $110,000-$250,000. Property owners receive anywhere from $1,500-$2,000 per month in rent and appreciate the convenience of being able to make quick...

A Tale of Two Home Markets: Rural Resort and Suburbs

Posted on April 16, 2022
REALTOR® News, REALTORS® in the News, Residential Housing

Resort community home prices are experiencing record highs while some suburban markets have seen the likes of huge price increases before. In Durango in La Plata County, the average sales price of a home was $1.1 million in March. Townhomes and condos sold for an average of $531,000. “The general consensus from locals is that Durango is morphing into a true resort town, and the...

REALTORS® Give Homeowners Tips for Buying in a Wild Market

Posted on April 16, 2022
REALTOR® News, REALTORS® in the News, Residential Housing

Since Denver homes were only on the market for about eight days in March, which was down from 16 homes the year before, CAR Spokesperson Kelly Moye offered tips to those trying to buy a home. Finding an experienced REALTOR® was her first piece of advice; followed by making earnest money nonrefundable; spending 20% over the asking price and allowing for that amount in the...

REALTORS® Foresee New Trend for Colorado Home Prices

Posted on April 15, 2022
REALTOR® News, REALTORS® in the News, Residential Housing

There could be the very beginnings of a trend moving to a more sustainable market. “The number of showings we’re seeing on our listings is down,” CAR Spokesperson Kelley Moye said. “So, where we would see maybe 30 showings on a weekend, now we see 12 or 15. Instead of 10 offers, we may see four or five.” She says that because of changing interest...

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About CAR

The Colorado Association of REALTORS® is the state’s largest professional, voluntary, non-profit, real estate trade association that is dedicated to serving more than 26,000 REALTOR® members across the state. Read More

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