News

Habitat for Humanity is helping to address a need for affordable housing with its first two projects in Douglas County.
“More people are starting to understand the importance of affordable housing in growing and thriving communities,” said Heather Lafferty, CEO of Habitat for Humanity of Metro Denver.
The Habitat affiliate was founded in 1979 — the first west of the Mississippi — and has served more than 700 families in the area. But renovations begun on two condos in Castle Rock on March 16 will be the first Habitat housing project in the history of Douglas County.
     – Credit to Shanna Fortier via Castle Rock News Press 3.21.16
Colorado’s Front Range claimed three of the country’s hottest housing markets in March, according to a report Wednesday from Realtor.com.
The residential listing website releases a “hotness index” each month that looks at the number of views for home listings and how quickly listings sell in hundreds of markets.
In March, Denver ranked third, up from fourth in February. Denver has long been a top market in home sales and price appreciation.
Colorado Springs jumped from 18th to 11th, while Boulder dropped from 13th to 18th.
Colorado had more cities in the top 20 of any state except California, which had 13.
The median age of a home listing in metro Denver dropped to 36 days in March from 45 in February. Colorado Spring saw an even larger drop, from 67 days in February to 44 in March. In Boulder, the median listing age dropped from 48 days to 40.
     – Credit to Aldo Svaldi via The Denver Post 3.30.16
Denver homes were the fastest selling in the U.S. last month, according to a national report released on Thursday.
Denver homes last month stayed on the market an average of a mere 24 days, the lowest days on market (DOM) of the 53 metropolitan statistical areas tracked by Denver-based RE/MAX.
San Francisco was No. 2, by that metric, with average days on the market of 25. Nationwide, the average DOM was 62, according to the report.
Denver was No. 2 by two other metrics: median year-over-year sales price increase and months supply of inventory.
Denver showed a median sales price increase of 13 percent, only bested by Nashville, Tennessee, of 13.7 percent. Nationwide, the median sale price rose by 7.2 percent.
Denver only had a 1.6-month supply of homes on the market in September. Only San Francisco, with a 1.5-mont suppy was lower.
Across the country, the average supply of unsold homes was 4.5 months, according to RE/MAX.
     – Credit to John Rebchook via Denver Real Estate Watch 10.16.15
Earlier
DENVER – Feb. 11, 2014 – Average Denver Metro home prices remained steady in January, signaling a strong 2014 for area real estate, according to Metrolist®, Colorado’s largest multiple listing service (MLS), which powers REcolorado.com, a free resource for Colorado home buyers, sellers and owners. The average sold price for new and existing homes in January—$302, 251—was down 3 percent compared to December but up 10 percent year over year. January saw a slight increase in the number of homes for sale, with active listings increasing 5 percent month over month and 7 percent year over year, but available inventory remains tight. Among properties sold in January, the average listing spent just 61 days on the market, a 22 percent decrease year over year. The number of homes sold in January increased 3 percent, from 3,229 to 3,342. With an average sold price of $206,503 for January, the single family attached market shows strong price stability. The top end of the single family detached market continues to be very active, driving the median sold price up 12 percent over last year, with the average sold price rising by more than 21 percent year over year. -Metrolist @ reocolorado.com The post February 2014 Real Estate News Denver appeared first on Sigma Real Estate Denver.
Wed, Jun 18, 2014
Real Estate News