1900’s Denver brownstone with over 2000 sf offers an open main living area with original details. The fully restored wood windows, banister details, original hardwoods and tall ceilings capture the history and charm that Denver has to offer. The large windows and skylight shower the home with natural light. Enjoy quiet, as the walls are brick and very thick. The basement has a second entrance, so you can use it as a den or as a rental or mother-in-law suite. The neighbors are a delight and are passionate about community! Enjoy all that Denver and Uptown have to offer, with access to theaters, museums, shopping and dining! Downtown Denver is less than 5 minutes away- so you’ll never miss a beat.
Denver Civic Center Park
If you have ever driven in Denver, you may have once driven by the capitol building off of Colfax and Broadway. As well as you may have been privy to experience the frequent bus stops and pedestrian clusers. Well, so did Denver! After a a bit of research the city of Denver and the DownTown Denver Partnership have created a plan to help with the traffic movement and pedestrian safety.
They have created an entire plan to change the flow of traffic as well as the pick up drop of for pedestrians.
If you want to see what the whole plan is here is the information in detail!
August, in the Denver Metro Area once again had a low active inventory for buyers to view. Activity though in the metro area proved to be on the up, as sold single family homes and condos were up compared to July. Interestingly, the average and median sold prices for single family homes were down from July, giving buyers a bit of relief from having to offer over-listed price. Condos average and median sold prices were up and prove strong from prior month and year-over-year! Click on the image below, to view the FULL report from DMAR…..
80223 Market Info
info market 80223
June Market Shows Some Improvement for Buyers
The Colorado real estate market has definitely been geared towards sellers for the most part of last year through today. June’s statistics show some favorable trends though for buyers! Listings for single family attached and detached homes have gone up 13% from May, and are 8% up from a year ago. Buyers now have more options to view and purchase, which will hopefully decline multi bidding wars, leading to frustration.
Unchanging though, is the high cost of purchasing. SFH’s have averaged a sales price of about $419,000, up 3% from May and up 12% from last June. Attached SFH’s averaged a sales price around $293,000.
Another interesting trend is the decrease in under contracts and sold homes compared to this time last year. Detached homes have seen a 4% drop and attached homes have seen an 11% percent drop in under contracts. Sold SFH’s, detached and attached, have declined by 17% ytd. Could this be due to transactions falling out of contract or is it the time of year?
With July upon us, the market tends to cool down as families are traveling before kids return to school. Will July show more of a slow down on homes making it to the closing table, or with more inventory, will buyer’s be more likely to find the right home and go under contract?
Until next month Colorado!
Month of May Shows Steady Climb in Pricing & Inventory
Surprising no more, the average sold price keeps rising in Colorado. REcolorado statistics show the month of May with an average single family home sold price at $407,662 about a 4% increase from the month of April. Inventory rose by 5% from April, yet is still down by 3% from this time last year. Every other category has seen a rise from the previous month yet new listings, actives, under contracts and sold properties are all down from this time last May. How will the rest of the summer trend? Will there be more inventory available as the summer progresses to help our Buyer’s or will it stick to trend and slow down as is typical during the summer months?
Until next month Colorado!
ReColorado May Local Market Stats
April 2016 House Market Stats via Realtor
C.A.R.’s April 2016 market stats have been published. Look what the market is doing!!! I can agree, that the market is a very interesting one to say the least.
What do you think? Are you surprised by the published data?
April 2016 Denver Real Estate Stats
The monthly stats are in! Looks like a 9% increase for value from last year. For an in-depth detailed report check out the link below!
Here is an in-depth look at area specific stats for the month of April 2016 reporting.
As we wrap up a fast paced 3rd quarter, and the best September for the residential market over the past
five years, market conditions are starting to shift in favor of homebuyers as we enter the 4th quarter.
Typically in Denver, the Daylight Savings time change (Nov. 1st this year) shifts buyers efforts to find
homes on weekdays and evenings to more time on weekends and day time hours. This will decrease
demand in many areas and will increase the inventory of homes on the market, which are the leading
reasons why October is generally considered the best time of year to purchase a home.
Entering October, we have already seen an increase in price reductions and some sellers are now facing
the reality that they may have missed the peak-selling season. Overall, showing activity, a valuable
metric to track the market, is starting to slow as well, making this an opportunistic time for homebuyers
to find a new home.
At the end of Q3, the average sold price was $356,005, down 2% from the previous month, but up 12%
year over year, while listings under contract decreased by 10% in September to 4,844. This is a 4.8%
increase year over year. A quick year to date summary shows new listings at 54,816, DOM at 29, average
price at $362,200 and a record-smashing $15.4 billion in total sales volume, a 15% increase over 2014.
According to the S&P/Case-Schiller U.S. Home Price Index, San Francisco and Denver reported the
highest year over year home price gains in the nation. These are the only two markets to realize double
digit gains, while Denver posted a whopping 10.3% increase compared to the 5% national average many
Nationally, the economy continues to grow quarter over quarter with Housing making a major
contribution as Residential Investment has grown at an annual rate of nearly 10%, faster than the GDP.
With much speculation, any interest rate increase by the Federal Reserve, now expected in December by
many, is not likely to derail the strong housing performance.
The bottom line, there is opportunity to buy and sell in Denver and it is still one of the best places to live
in the country. As a buyer, the next 100 days will present more options for you than we have seen this