Archives for November 2018

Colorado Real Estate News November 6, 2018

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Colorado Real Estate News
www.RealtyofCO.com
Published by
Realtor Chris Gibson
06 November 2018
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Technology Stories Environment Education Business Super local #colorado #denver
Colorado Real Estate News This Week
I know you expect me to be in the know when it comes to real estate news in and around Denver, and now you can be too. I hope you find this latest version of my newsletter interesting and helpful. Have a great day!


Housing market: Denver, other cities see slowdown, helping home buyers
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thumbnail www­.usatoday­.com – A home in the background with for sale/sold sign in foreground. Keith and Kylie Beukema were bracing for a year-long slog as they started hunting for a larger home in the Denver area, one of the hott…
Front Range housing markets may still grow, but price declines are coming, computer model predicts
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Metro Denver Colorado Realtor Christopher Gibson
thumbnail www­.denverpost­.com – Signs that the housing markets along the northern Front Range are cooling may leave some buyers fearful of buying at the top and getting stuck with price declines. Predictions are hard to come by, bu…
Balance of power shifting in metro Denver’s housing market
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Metro Denver Colorado Realtor Christopher Gibson
thumbnail www­.denverpost­.com – Sellers have remained in firm control of metro Denver’s housing market for four years, with inventory shortages, quick sales and escalating home prices par for the course. The imbalance has lasted fo…
No, There’s Not An Apartment Glut In Denver. There’s A Renter Shortage
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Metro Denver Colorado Realtor Christopher Gibson
thumbnail www­.cpr­.org – A familiar sight near downtown Denver: A freshly constructed apartment building and a crane. Builders finished more than 10,000 apartment units in the Denver area in 2017, with another 30,000 on the …
Yes, Denver Commutes Are Worse. Fallout Includes People Quitting Their Jobs, Survey Says
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Realtor Chris Gibson
thumbnail www­.cpr­.org – Traffic backs up on westbound Interstate 70 during the morning rush hour in Denver, Jan. 9, 2017. The national survey found that 20 percent of Denverites had quit a job because of a bad commute. It a…
Denver’s Real Estate Market Shows Signs of Cooling Down
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thumbnail www­.5280­.com – September stats suggest the Mile High City’s hot housing market might be approaching a state of balance. But we’re not there yet. Chilly temps, fall leaves, and a new school year typically herald a s…
Metro Denver housing market finds its footing in October after volatile September
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thumbnail www­.denverpost­.com – After hitting severe turbulence and taking a dive in September, metro Denver’s housing market stabilized at a lower altitude in October, according to a monthly update Monday from the Denver Metro Ass…
As the housing market stagnates, American homeowners are staying put for the longest stretches ever
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Realtor Chris Gibson
thumbnail www­.marketwatch­.com – Housing-market headwinds are keeping American homeowners in their properties for the longest stretches on record, in a sharp distortion of the mobility Americans have for decades prized. Across the c…
Housing factories are spreading across the West, and one is shipping to Colorado
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Realtor Chris Gibson
thumbnail www­.denverpost­.com – Adam Berger has spent most of his career developing real estate, but it was his stint running an e-commerce business that sparked his interest in applying technology to homebuilding. The key was find…
Owners of Denver lakefront homes sue realtor over water rights – BusinessDen
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Realtor Chris Gibson
thumbnail businessden­.com – Riviera Lake, located in Harvey Park, is ringed by about 35 residences that make up the Riviera Circle Lake Club, a homeowner’s association. (BusinessDen file photo) A Denver Realtor is in deep water…
What The 1990s Tell Us About The Next Housing Bust
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thumbnail www­.forbes­.com – Occasionally, you’ll hear an economist say that U.S. home prices are too high in some cities and will likely fall—eventually. These forecasters are meticulous about adding that the next real estate p…
Denver Real Estate Market Statistics October 2018
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Realtor Chris Gibson
thumbnail www­.realtyofco­.com – Denver real estate market statistics: How much does a home cost in Denver? How long does it take to sell a home in Denver? How fast are home prices rising in Denver? All this and more answered below.…
VIDEOS
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TECHNOLOGY
Make Your Interior Doors Pop With These Ideas: The Hideaway Door
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5 Easy Steps to Make Sure Your Fireplace Is Safe
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Smart Ways To Use Your Equity For Home Improvement | Bankrate.com
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7 Household Expenses You’re Probably Wasting Your Money On
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So What Actually Is A Walk-In Shower?
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Shag Rugs, Sunbursts, And Other Throwback Home Decor Is Trendy Again
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STORIES
Report: Denver metro home sales fall, but prices still at record levels
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5280 Magazine Five Star Real Estate Agent
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Three Colorado communities make new list of “Top 20 Tech Towns”
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These two Colorado cities are the Top 2 on something called the Brain Concentration Index
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You Can Save Up To 25 Percent On These Top Items From Amazon’s Massive Home Sale
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Denver Opportunity Index focuses on those left behind by city’s growth
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PHOTOS
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ENVIRONMENT
Home sales slid across Colorado in September
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Strange things afoot in Denver’s apartment market: Rents and vacancies decline
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How Will Home Sales Measure Up Next Year?
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The One Metro Denver City Where Rent Is Cheaper Than This Time Last Year
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Home prices still climbing in Colorado Springs, despite sales slowdown
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Denver’s Real Estate Market Shows Signs of Cooling Down
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EDUCATION
Flat Fee Denver Realtor & Real Estate Agent
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Denver Realtor Reviews – Questions to interview a buyers’ real estate agent
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Denver Realtor Reviews – Denver Home Inspections
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Denver Mortgage Lenders
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Keeping Your House Clean with Dogs While It’s on the Market
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5 Tips When Buying a Newly Constructed Home
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BUSINESS
Denver Real Estate Market Statistics September 2018
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Hot Housing Markets Like Denver, San Jose and Seattle Are Cooling
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Colorado’s population growth slowing, and that could spell economic trouble down the road
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Colorado Springs home construction dips, but still outpaces 2017
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Belleview Station nets second Fortune 500 company as urban development springs from suburban south Denver
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SUPER LOCAL
Topgolf breaks ground on Thornton location – BusinessDen
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These bungalows in Rosedale will stay charming as hell for a long time thanks to a historic designation
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Developer sets plans for 30 years, $110 million of growth near Denver airport
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Worried about traffic and views, Loretto Heights neighbors aim to stall plans for more homes and businesses in southwest Denver
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Planned Longmont tiny home village will give 25 homeless veterans free temporary housing
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How West Colfax Will Change in the Next 5 Years
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#COLORADO
Get Scared at These 7 Real Haunted Places in Colorado | The Denver Ear
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Technology • Stories • Environment • Education • Business • Super local • #colorado • #denver
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Denver Realtor Reviews: Denver Real Estate Market Statistics October 2018

Denver real estate market statistics: How much does a home cost in Denver? How long does it take to sell a home in Denver? How fast are home prices rising in Denver? All this and more answered below.

 

Denver Realtor Reviews: Denver Real Estate Market Statistics October 2018

 

These Denver Real Estate Market Statistics are based on homes in the REColorado.com MLS within 30 miles of downtown Denver. Download a pdf version of “Denver Realtor Reviews: Denver Real Estate Market Statistics October 2018” by clicking here.

 

Denver Realtor Reviews | Denver Real Estate Market Statistics

 

Youtube Video of Denver Real Estate Market Statistics Through October 2018

 

 

The average price for a home in Denver was $469,957 at the end of October 2018. The median price for a home in Denver was $400,000 at the end of October 2018. There were 4,350 homes sold in October 2018. There was 2.009 months of real estate inventory in and around Denver at the end of October 2018. There were 5,293 new real estate listings in and around Denver during October 2018. The median days on market for real estate listings in and around Denver was 14 days for October 2018.

 

These Denver real estate market statistics are from the Denver MLS (REColorado.com) . They reflect real estate sales data for the end of September 2018. They do not reflect real estate sales that occurred off market or outside of the Denver MLS.

 

The average home price in Metro Denver, Colorado

 

How much does a home cost in Denver - Denver Realtor Reviews - Denver Real Estate Market Statistics

How fast are home prices rising in Denver - Denver Realtor Reviews - Denver Real Estate Market Statistics

 

The average home price in Metro Denver is up 7.0% Year Over Year from $439,027 in October 2017 to $469,957 in October 2018. The average home price in Metro Denver is up 2.9% Month Over Month from $456,617 in September 2018.

 

The median home price in Metro Denver, Colorado

 

How much does a home cost in Denver - Denver Realtor Reviews - Denver Real Estate Market Statistics

How fast are home prices rising in Denver - Denver Realtor Reviews - Denver Real Estate Market Statistics

 

The median home price in Metro Denver is up just over 5.2% Year Over Year from $380,000 in October 2017 to $400,0000 in October 2018. The median home price in Metro Denver is equal to the median home price in September 2018 of $400,000.

 

Number of Metro Denver real estate sales

 

How long does it take to sell a home in Denver - Denver Realtor Reviews - Denver Real Estate Market Statistics

How long does it take to sell a home in Denver - Denver Realtor Reviews - Denver Real Estate Market Statistics

 

There were 4,350 metro Denver real estate sales in October 2018, about 12.4% less than the 4,889 real estate sales in October 2017 and about 1.5% more than the 4,284 metro Denver real estate sales in the prior month. For October 2018, the highest number of sales occurred in the $350,000 – $400,000 price point.

 

Number of new Metro Denver real estate listings

 

How long does it take to sell a home in Denver - Denver Realtor Reviews - Denver Real Estate Market Statistics

How long does it take to sell a home in Denver - Denver Realtor Reviews - Denver Real Estate Market Statistics

 

There were 5,293 new Denver real estate listings in October 2018, which is about 12.5% more than the 4,702 new listings in October 2017 and about 11% less than the 5,859 new listings in September 2018. The highest number of new listings this month was in the $350,000 to $400,000 price range.

 

Months of Metro Denver real estate inventory

 

How long does it take to sell a home in Denver - Denver Realtor Reviews - Denver Real Estate Market Statistics

 

There was an average of 2.009 months of inventory on the market in October 2018.

 

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

 

How long does it take to sell a home in Denver - Denver Realtor Reviews - Denver Real Estate Market Statistics

How long does it take to sell a home in Denver - Denver Realtor Reviews - Denver Real Estate Market Statistics

 

At 14 days, the median days on market is 3 days more than October 2017 and 1 more days than September 2018.

 

Denver Realtor Reviews: Denver Real Estate Market Statistics October 2018 Conclusion

 

The real estate market within a 30 mile radius of Denver Colorado remains in seller’s favor, but it is quickly transitioning in buyers favor. Bidding wars are less frequent. And with over 2 months of inventory, we are closer to the 3 months of inventory equilibrium. Homes that are not move-in ready are selling more slowly than they had, as more move-in ready options are sitting on the market longer.


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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