The median price for a single-family home in Denver was $510,000 in July, up about 6 percent over last year. But in a sign of a shift — however slight — toward a buyers’ market, sellers were getting 99.3 percent of what they were asking, compared to 100.3 percent last year, according to the latest monthly data report released Monday by...
Providing REALTORS® with Opportunities to Stand Out Technology has always been the great disrupter, forcing established industries to adapt and change with the times. Backed by venture capitalist investment from Silicon Valley and overseas, Instant Buyers, or iBuyers as they’re known, have developed algorithms they say can accurately assess the value of homes. And while their arrival in Denver has alarmed some in real estate, some...
The size of the iBuying market in Denver will depend on the desire for that convenience, industry leaders say. Matthew Leprino, with the Colorado Association of REALTORS®, says he’s heard chatter that iBuying could reach as high as 25% of the market in the coming years. “But there are also people who think this is just a flash in the pan...
Denver’s 2019 elections have become a referendum on development, with Mayor Michael Hancock defending his handling of the city’s rapid urban growth. The debate has produced some major questions about development, housing and money. Here are some answers. Are housing prices slowing down? Yes. The pace of increases for rent and sale prices has slowed down lately. The median single-family home in...
Epic winter snowfall, bomb cyclone create ripple effect on statewide housing markets Spring season beginning to emerge after slow first quarter https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO. – April 10, 2019 – An historic mid-March “bomb cyclone” weather event, coupled with epic Colorado snow totals, tempered the typical fast start to the spring housing market in Denver and across the state, according to the latest...
With ice on the ground and a car so dirty you aren’t sure you can take it anymore, it’s hard to imagine that the end of winter is near. Soon we’ll be lined up at car washes rinsing the salt from the side panels only to discover the collateral damage the season has taken on our cars, not to mention...
Kiss those years of double-digit annual home price gains goodbye. Depreciation has made a comeback in Boulder, Denver and Douglas counties, foreshadowing more widespread declines in the months ahead, according to a report Tuesday from the Colorado Association of REALTORS®. “We are seeing a ton more properties come on the market, but not an increase in the number of sales,” said Matthew Leprino,...
Zillow, a company best known for real estate listings and home worth estimates, is trying to lessen the stress for sellers by getting into the home buying business. It's called Zillow Offers. The idea is to make it as convenient as possible for the seller. "They're a terrific choice for some people, but we've heard they're not buying every house," said...
By Matthew Leprino January 2019 There is little that markets like less than uncertainty, be it real estate, or otherwise. So when a segment of the population isn’t working, and worse, when they aren’t spending money, uncertainty grows and creates a ripple effect throughout our economy. As the partial government shutdown nears ever closer to a month, the likelihood that it will...
We have reached cruising altitude By Matthew Leprino You know the moment; you’re about 15 minutes into your flight - you’ve grabbed your tablet or magazine and are settling in to your voyage. The seatbelt light is still on and the pilot has yet to make the obligatory ‘we’ve reached cruising altitude’ message but you can feel the leveling out as you...