Colorado’s Real Estate Market Report – Stats from April 2018

Posted by West + Main Homes on May 3rd, 2018

 

The average and median single-family home prices in metro-Denver both continue to set new record highs, reaching $543,058 and $455,000 respectively.

Furthermore, in April, new listings surged, up 4.88 percent from last year, with homes being placed under contract up an equally healthy 5.58 percent.

“This demonstrates homebuyer demand remains robust,” said Steve Danyliw, Chairman of the DMAR Market Trends Committee and Denver REALTOR®. “As new listings poured into the market, buyers that were waiting for them quickly gobbled them up, driving the average days on market down to 20 days. Housing activity remains strong, but increasing interest rates, increasing housing prices, low inventory and now increasing gas prices, will have an…

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Is Everyone Going to Fit in Denver?

Posted by West + Main Homes on August 8th, 2017

 

Denver is growing at an extremely rapid pace,

with a house only being on the market for 26 days before selling at an average price of $496,382, according to July's market report.

This goes to ask, how many more homes will be available? The Denver-area developers are responding to this situation by creating smaller, denser, and taller apartments and homes that young adults and first-time buyers may not necessarily describe as affordable but at least attainable.

But the developers are meeting resistance on many fronts and warn that creative solutions are needed to allow people of average means to own property so Denver doesn’t become a city dominated by transitory apartment dwellers and the affluent.

“We are going to be growing out…

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