By Kyle Malnati CEO, Broker Owner Calibrate Real Estate Denver’s apartment market has been in an Expansion Phase for 7 years, resulting in amazing appreciation for multifamily owners. Cary Bruteig, MAI, of Apartment Appraisers & Consultants has studied Denver apartment buildings for 25+ years. His firm has surveyed over 400,000 apartment units in 2,000 completed appraisals and/or market studies. Bruteig is...
The Colorado housing market has been running at hyperspeed over the past several years, despite some of the country's worst affordability in Denver and beyond. But things may finally be on the cusp of change. According to a new report from the Colorado Association of REALTORS® , sales of single-family homes, townhouses and condominiums fell dramatically in September. The number of single-family homes purchased dipped by a striking 14.6...
Garfield County stands as a bright spot in the Colorado real estate market, which is dipping across the state, but the strong sales numbers may not last long. ### The number of Garfield County single-family home listings sold in September rose 5.9 percent compared to September 2017, while statewide single-family home sales dipped 15.2 percent in the same period. ### “The overall September numbers...
The Colorado Association of REALTORS® recently reported that the number of single-family home listings sold in Colorado dropped 14.6 percent in September compared to the same month a year earlier. Sales of townhouses and condos dropped 15.2 percent. The Denver Post reports that metro Denver area year-over-year single-family home sales in September fell 15.8 percent. Elsewhere, home sales fell 26.7 percent in...
Buyers and Sellers Teeter-Totter in Evolving Housing Market Buyers are beginning their hunts ahead and quieting down earlier than previous years BY MATTHEW LEPRINO Published: 2018.10.22 03:00 PM Like a schoolyard teeter-totter, there are always two forces volleying for control in any real estate transaction. On the left, you have the buyer’s control – always a force but sometimes lagging behind that of the seller...
Home sales aren't just slumping big in metro Denver, they are dropping across much of Colorado and in what were some of the hottest markets in the country. Existing home sales in the United States fell 3.4% in August from September to a seasonally adjusted annual rate of 5.15 million. Year-over-year, they are down 4.1%, according to an update Friday from...
Heat in the morning, AC by noon - Denver’s Market isn’t a 'set and forget’ just yet By Matthew Leprino Like the climate control in your car, the climate of home buying season in Denver can change on a dime. Like its namesake, sometimes we skip spring altogether and head right for the 90s while every now and then, our summer flowers...
Denver's housing market is hot and everyone knows it. But how far does your dollar really go these days? Currently there are fewer homes for sale now compared with a year ago, and that low supply means higher prices. According to the Colorado Association of REALTORS®, the median home price in the Denver metro area was $440,000 in July, significantly more than the...
July is always one of the best months for property sales for Colorado's High Country, and that was exactly the case in Summit County's exploding real estate market. Defined as any home sold at or above $1 million, luxury housing sales boosted the overall real estate sales volume to more than $150 million, a $5.2 million increase over July 2017 and...
The red-hot housing market in Pueblo and other Colorado communities shows more signs of leveling or, possibly, starting to cool. "An early peak housing season (in April and May) has been met with an earlier than normal seasonal slowdown as buyer and seller behavior is changing amid the latest market conditions," the Colorado Association of REALTORS® said Friday in releasing the...