Archives for February 2016

Denver Real Estate News February 2, 2016

Denver Real Estate News – Colorado Realtor Christopher Gibson

www.DenverHomeSales.info
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Realtor Chris Gibson
31 January 2016
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Business Super local Education Leisure Environment #realtor #realestate
Denver Real Estate News This Week
Clients, Friend & Family,I know you expect me to be in the know when it comes to real estate news in and around Denver. Now you can be too. I hope you find this latest version of my newsletter interesting and helpful. Have a great day!

Denver urban home values appreciating more than suburbs
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thumbnail www­.9news­.com – DENVER BUSINESS JOURNAL – In a trend that’s repeating itself around the country, homes in Denver’s urban area are appreciating at a greater rate than homes in Denver suburbs. That’s according to on…
Neighbors worry Denver flood control project could result in destruction of their homes
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thumbnail kdvr­.com – DENVER — What if the city forced you to sell your house for a project it promises would prevent disastrous flooding? It’s a threat for as many as 50 homeowners in one of Denver’s oldest neighborho…
Report: 2 Denver neighborhoods are affordable, walkable, with good schools
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thumbnail www­.denverpost­.com – Online real estate company Redfin called out two Denver neighborhoods it says are affordable, walkable and near a good school. Not every home in Platt Park or West Highland is affordable, the repor…
Denver Gentrification Maps and Data
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thumbnail www­.governing­.com – To assess how gentrification has reshaped urban neighborhoods, Governing analyzed demographic data for the nation’s 50 most populous cities. Changes in several measures, described below, were calcu…
10 Home Renovations That Will Pay You Back | GOBankingRates
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thumbnail www­.gobankingrates­.com – When it’s time to remodel, many homeowners want to choose the projects that offer the greatest potential to recoup their financial outlay. It’s understandable: The average bathroom remodel costs mo…
Rising vacancy rates signal a shift in metro Denver apartment market
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thumbnail www­.denverpost­.com – Like a flare in the night sky, metro Denver apartment vacancy rates unexpectedly soared in the fourth quarter, signaling that the region’s long-running multifamily construction boom might be in dan…
Inaccurate Zillow ‘Zestimates’ a source of conflict over home prices
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Realtor Chris Gibson
www­.latimes­.com – When “CBS This Morning” co-host Norah O’Donnell asked the chief executive of Zillow recently about the accuracy of the website’s automated property value estimates — known as Zestimates — she touch…
Denver Realtor Reviews: Real Estate Market Statistics Jan 16′
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Realtor Chris Gibson
thumbnail denverhomesales­.info – The average price for a home in Denver was $370,351 at the end of January 2016. The median price for a home in Denver was $315,000 at the end of January 2016. Sales volume in January was just under…

VIDEOS

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BUSINESS
Metro Denver housing remains constrained and combustible
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Hottest Housing Markets for 2016
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Ranking America’s most future-ready cities – Dell
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6 KEY Attributes that Affect the Risk Level of a Rental Market
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Case-Shiller: Denver No.3, 10.9% Year-Over-Year Gain in Nov.
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Apartment vacancy rates rise in fourth quarter
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SUPER LOCAL
Historic Fruitdale school in Wheat Ridge eyed for housing
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Shea Homes buys 1,270 acres in Castle Pines
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denverrealestatewatch.com
Multimodal Improvements Planned for Broadway, Lincoln
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Emmaus rezoning dies, despite 8-4 council vote this morning
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denverrealestatewatch.com
I-70 expansion plan in Denver huge waste of tax dollars, CoPIRG says
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Denver Can Have Great Neighborhood Streets If CDOT Tears Down I-70
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PHOTOS
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EDUCATION
Why do we care about radon? – Denver Radon Mitigation
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How to Analyze a Property to Know if it Will Actually Cash Flow
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BiggerPockets.com
Are You Still Struggling to find Great Tenants? Struggle No More!
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How to Go Broke in Real Estate, Pick Yourself Up & Try Again
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How To Use Vacation Rental Sites To Make Money Off Residential Income Properties
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Myths and Truths
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LEISURE
Can You Guess Where Americans Are Moving? – Real Estate News and Advice – realtor.com
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At History Colorado, It’s In With The Old
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121 Things To Do In Colorado This Year
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ENVIRONMENT
LoHi Boom Hits Challenging Crescendo
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Study: Americans Like to Live Near Mom
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2,000 new homes coming to Castle Pines area
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Find Your Style: Bathroom Designs
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HomeAdvisor | Design Through the Decades
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7 Decorating Mistakes Rookie Homeowners Make – Real Estate News and Advice – realtor.com
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#REALTOR
How to Home In on the Right Neighborhood for You – Real Estate News and Advice – realtor.com
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Home sales increase in Colorado, so do prices
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Hottest Housing Markets for 2016
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Create a custom search of active homes for sale in the real time Denver MLS IDX herehttp://denverhomesales.info/propertysearch/


Find public reviews of Denver Realtor and real estate agent Christopher Gibson at the following locations:

Denver Realtor Reviews And Denver Real Estate Agent Reviews On The Denver Better Business Bureau (BBB)Denver Realtor Reviews And Denver Real Estate Agent Reviews On GoogleDenver Realtor Reviews And Real Estate Agent Reviews On LinkedInDenver Realtor Reviews And Real Estate Agent Reviews On ZillowDenver Realtor Reviews And Denver Real Estate Agent Reviews On Yelp

See all reviews of Denver Realtor and real estate agent Christopher Gibson at http://denverhomesales.info/testimonials/


  1. Find information about how buying a home in around Denver Colorado works at  http://denverhomesales.info/denver-home-buying-info
  2. Find information about my risk free premium Denver home seller services at http://denverhomesales.info/denver-realtor-premium-denver-home-seller-services/
  3. See my list of recommended service professionals at http://denverhomesales.info/denver-service-providers/
  4. Android & iPhone mobile home search app: http://denvermlsapp.com

Denver Realtor Reviews: Real Estate Market Statistics January 2016

The average price for a home in Denver was $370,351 at the end of January 2016. The median price for a home in Denver was $315,000 at the end of January 2016. Sales volume in January was just under $1.1 billion. There were 2,945 real transactions in January 2016. There is approximately 2 months of real estate inventory in and around Denver. There were 5,646 real estate listings in and around Denver at the end of January 2016. The average days on market for real estate listings in and around Denver was 38 days for January. And the median days on market was 16.

These Denver real estate market statistics are from the Denver MLS (REColorado.com) . They reflect real estate sales data for the end of January 2016. They do not reflect real estate sales that occurred off market or outside of the Denver MLS.


Denver Realtor Reviews: Real Estate Market Statistics January 2016

Download a full PDF of the Denver Real Estate Market Statistics January 2016 here.


Average Denver home price, median Denver home price, Denver real estate sales volume, and Denver real estate average days on market statistics slideshow on YouTube.

 


 


The average home price in Metro Denver, Colorado

The average home price in Metro Denver is up 13% Year Over Year from $326,936 in January 2015 to $370,351 in January 2015. The average home price in Metro Denver is up almost 1% Month Over Month from $368,045 in December 2015.

Average Home Price In Denver January 2016Average Home Price In Denver January 2016

Average Home Price In Denver January 2016


The median home price in Metro Denver, Colorado

The median home price in Metro Denver is up almost 12% Year Over Year from $282,000 in January 2015 to $315,000 in January 2016. The median home price in Metro Denver is up a little more than 1% Month Over Month from $311,500 in December 2015.

Median Home Price In Denver January 2016Median Home Price In Denver January 2016

Median Home Price In Denver January 2016

 


Real estate sales volume in Metro Denver, Colorado

Real estate sales volume is down month over month from that surprisingly monstrous December and relatively flat year over year in Metro Denver, Colorado. That December bump sure was big!

Home Sales Volume In Denver January 2016Home Sales Volume In Denver January 2016

Home Sales Volume In Denver January 2016

 


Number of real estate sales in Metro Denver, Colorado

There were 2.945 real estate sales in January 2016, almost 40% less than December 2015 but almost 6% more than January 2015.

Home Sales Volume In Denver January 2016Home Sales Volume In Denver January 2016

Home Sales Volume In Denver January 2016


Months of real estate inventory in Metro Denver, Colorado

Year over year and month over month, the amount of real estate inventory has minimally increased, but is just below 2 months of inventory on the market. This is dramatically below previous year’s inventory levels.

Denver Real Estate Inventory January 2016Denver Real Estate Inventory January 2016

Denver Real Estate Inventory January 2016


Number of real estate listings inventory in Metro Denver, Colorado

At the end of January 2016 there were 5,676 real estate listings which is almost 12% less than the 6.430 listings at the end of December 2015 and almost 10% less than the 6,289 listings at the end of January 2015. This indicates a shortage of homes available for sale extending beyond seasonal trends.

Denver Real Estate Listing Inventory January 2016Denver Real Estate Listing Inventory January 2016

Denver Real Estate Listing Inventory January 2016


Average days on market for a Metro Denver, Colorado home for sale

At 38 days the average days on market is 4 days longer than December 2015 and 1 day less than January 2015. This is dramatically below previous years averages.

Denver Real Estate Average Days On Market January 2016Denver Real Estate Average Days On Market January 2016

Denver Real Estate Average Days On Market January 2016


Median days on market for a Metro Denver, Colorado home for sale

At 16 days, the median days on market is 2 days longer than December 2015 and 2 days more than January 2015. This is dramatically below previous years averages.

Denver Real Estate Median Days On Market January 2016Denver Real Estate Median Days On Market January 2016

Denver Real Estate Median Days On Market January 2016


Summary of Denver Real Estate Market Conditions

Prices are still increasing, increasing to 13% year over year price increases. Inventory is seasonally low and despite the decrease in the number of sales, days on the market is still low. All of this leads me to conclude that we are still in a strong Seller’s Market with close to 2 months of inventory and a lot less than a 90 day average days on market.


Create a custom search of active homes for sale in the real time Denver MLS IDX herehttp://denverhomesales.info/propertysearch/


Find public reviews of Denver Realtor and real estate agent Christopher Gibson at the following locations:

blue seal 187 130 denverrealtorchristophergibson 90231814 Why do we care about radon?   Denver Radon MitigationGoogle Places Logo Why do we care about radon?   Denver Radon MitigationLinkedIn Logo Why do we care about radon?   Denver Radon MitigationZillow Logo 150x150 Why do we care about radon?   Denver Radon MitigationYelp Logo 150x150 Why do we care about radon?   Denver Radon Mitigation

See all reviews of Denver Realtor and real estate agent Christopher Gibson at http://denverhomesales.info/testimonials/


  1. Find information about how buying a home in around Denver Colorado works at  http://denverhomesales.info/denver-home-buying-info
  2. Find information about my risk free premium Denver home seller services at http://denverhomesales.info/denver-realtor-premium-denver-home-seller-services/
  3. See my list of recommended service professionals at http://denverhomesales.info/denver-service-providers/
  4. Android & iPhone mobile home search app: http://denvermlsapp.com

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