A new national ranking of the best-managed states places Colorado in the top 10, but those who closely follow the state's economy say growth issues could make governing more of a challenge in the years ahead. Several counties in the Front Range region have agreed to attempt to limit development through existing corridors, he said, and that will further drive up...
The city leads the state for employment growth in 2018 and 2019, thanks to diversity in business, age, health care, cybersecurity. Lower housing prices have definitely attracted Denver buyers willing to brave the commute, said Donna Major, current chair of Pikes Peak Association of REALTORS®. On average, homes in the Colorado Springs region cost about a third less than houses in...
Earlier this month, Oakwood unveiled its 24-home development off Pena Boulevard and 54th Avenue in Green Valley Ranch. The homes are priced around $230,000. While smaller than the average Denver home — roughly 1,200 to 1,400 square feet — buyers can choose a one- or two-car garage, the number of bathrooms, and from two to four bedrooms. "The average price of...
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...