A look at Colorado Real Estate now that we are into 2021. What is happening, why, and things to consider.
2020 Metro Denver Real Estate Market Update and Predictions for 2021
In this market update I bring you an overview for what happened in the Denver Metro Real Estate Market for 2020.
I will also go over some projections for 2021 based on our teams research and analysis.
Strong Denver Real Estate Market Marches On
It’s election season and an incredibly contentious time in the United States. We are cautious to arrive at any conclusions about the direction of the Denver real estate market with the number of social variables at play. Are buyers and sellers waiting for things to calm down following the presidential election? What policies will be implemented about public health and …
Inventory, Price, and Sales All Up
New homes for sale was 14% higher last week than the last 3-year average with 1,447 homes hitting the market. Eventually, this increased seller activity may lead to rising inventory levels and a slowing of home value appreciation in the Denver metro market. But not yet. Last week saw 44.6% more homes go under contract than the last 3-year average, …
Are Sellers Getting Too Aggressive?
These numbers are staggering: 68.5% of all homes sold in the last two weeks sold at or above the FINAL asking price. 59.5% sold at or above the original asking price. And yet, looking at the remaining 31-40% of the Denver market transactions helps us understand the mindset of sellers, the competence of agents, the importance of property preparation and …
Did COVID-19 cool the market?
For nearly a decade, the Denver metro real estate market has been a wild ride of record-setting activity. This year with COVID-19, this is even more true. We are here to help you prepare for what’s ahead. Since March, home is probably something you have spent a lot of time in and thinking about. Maybe your dreaming of more space. …
Denver Real Estate: The Gap Widens
46% more homes went under contract last week in the Denver metro real estate market, than the same week last year. Fall season typically marks a slowing of the real estate market. We see a slight decline in home values and reduction in market activity every year. Except this year. While an unusually high 1,534 homes hit the market last …
Context Equals Clarity: Denver Real Estate Market Update
In this video I aim to provide you with some more clarity surrounding the Denver Metro Real Estate Market by providing you with some context by looking at the past few years in comparison with this year and COVID-19.
Red Hot Real Estate
The Denver Metro real estate market shows no signs of slowdown after a gigantic bounce back from the March/April shelter-in-place public health orders. Inventory levels remain a concern however, as single-family homes are at their lowest levels, likely ever-seen in the Denver market this time of year. The month of June 2020 saw the most active real estate market in …
Is The Market Back?
Be patient in arriving at conclusions about the direction of the Denver real estate market. What remains to be seen is whether Denver slows in appreciation with continued national job loss, election year, economic questions, forbearance and societal disruption. Or, is Denver the tip of the spear, leading the local and national economies out of a period of hibernation? Some …
Buyer and Seller Activity Sees a Substantial Increase
We anticipated a surge of consumer activity in the Denver Metro real estate market as the public health order ban on in-person showings expired at midnight on Sunday, April 26th. Buyers and sellers were not disappointed as more homes hit the market and showing activity for a Monday and Tuesday was the highest seen yet this year. NOTE: The weeks shown …
Buyers Go Virtual, Sellers Remain Cautious
In-person showings have not been allowed in the Colorado market now for two weeks. Yet in the Denver metro market, we see continued signs of strong market performance despite job market challenges and national economic concerns. Fueled by low interest rates, low inventory, and consumer adaptation to virtual showings, more than 63% of homes sold last week, sold at-or-above the …
Metro Denver Real Estate – A Sure Bet?
Your odds of winning the Colorado Lottery … 1 in 5.3 million.Your odds of winning PowerBall … 1 in 292 million. Your odds of winning (making money) when selling residential real estate in metro Denver sometime in the last 26 years … better than 4 in 5! No matter when you bought or sold a residential property in the Denver …
Big Shift in Real Estate?
We are seeing aspects of the market understandably respond to job loss, the shelter-in-place order and economic challenges. At the same time, we are seeing signs of consumer adaptation and continued strong market activity fueled by positive aspects of the Denver economy and real estate market. So has there been a BIG shift?
Navigating Denver Real Estate
For the moment, Denver is still a strong sellers’ market as inventory remains low and interest rates continue to attract buyers. However, we remain circumspect arriving at conclusions about the direction of the market. So many factors are at play between the stimulus package, lost jobs, shelter-in-place order and direction of the US economy.
Real Estate In Turbulent Times (Through Weeks 12/13, 2020)
Last week, we established a baseline for the Denver real estate market through Week 10 of 2020, or prior to any presumed market impact from COVID-19. Our intention is to write fact based and data driven analysis versus sensational reporting. We maintain that commitment. However, this week is more conjecture as we endeavor to provide interpretation of any patterns we see evolving.
Real Estate In Turbulent Times (Through Week 10, 2020)
We expect the social and economic fallout of COVID-19 to impact the Denver real estate market. You’ll need reliable information. Not rumor or opinion, but fact-based, data-driven truth. Many homeowners have built substantial equity in their homes over the last few years and they are asking us for advice.
2019 Denver Metro Real Estate Market Recap & 2020 Forecast
In this video I review the 2019 real estate market for the Denver Metro area comparing to the previous four years. I also take a look at the 2020 forecast and help you understand what to expect going forward.
2018 Review and 2019 Real Estate Projections
This video is a quick update on what real estate in Denver Metro did in 2018 and a broad view into 2019. If something I share doesn’t answer a specific question or concern you have? Please contact me.
“B” is for Bubble
Housing Bubble – are we in one and is there a risk of it bursting? Read on to find out more.