Archives for December 2018

Denver Real Estate News December 12, 2018

Metro Denver Colorado Real Estate NewsNovember 2018 was an eventful month in real estate news in Colorado. Headlines included 2019 forecasts for a cooling market in Denver and perhaps the number 1 market in the Springs. I won a couple of cool recognitions. Does marijuana smell hurt your property value? Why do the streets in Denver run the way they run? It there a real estate recession on the way? And so much more. Go to realestatenewscolorado.com and check out all the happenings in Colorado real estate.

 

 

 

 

 
Real Estate News Of Colorado
Created By Metro Denver, Colorado Real Estate Agent Christopher Gibson

Published by
Real Estate Agent Chris Gibson

12 December 2018

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I know you expect me to be in the know when it comes to real estate news in and around Denver and Colorado, and now you can be too. I hope you find this latest version of my newsletter interesting and helpful. I can not thank you enough for all the referrals. Have a great day! 

Best regards,
Chris Gibson
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Realtor.com housing forecast predicts Denver home values to increase

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thumbnail www­.thedenverchannel­.com – As a nationwide boom in housing slows, analysts are predicting continued gains in home values for the Denver metro area in 2019. On Thursday, Realtor.com released its 2019 housing forecast, a day aft…

Why You Should Wait Until Next Year to Buy a House in Denver

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thumbnail www­.westword­.com – Collin, who specializes in properties on metro Denver’s west side, from Thornton to Littleton, spoke to us back in July for our post “How House Flipping in Denver Is Changing in 2018.” She recently r…

Top 15 Denver Real Estate Agents On Social Media In 2018

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Realtor Chris Gibson

thumbnail propertyspark­.com – We’ve researched hundreds of Denver real estate agents’ social media channels and went through a certain process to select the top real estate agents. First, we began by finding Denver real estate ag…

Median Home Prices for Every Denver Zip Code

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thumbnail www­.westword­.com – We accessed Zillow facts and figures for 37 Denver area zip codes listed by the comprehensive City Data website. In each case, prices have gone up over the past year, generally by less than 10 percen…

Arapahoe To Zuni: Your Questions About Denver Streets, Answered

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thumbnail www­.cpr­.org – Published 4:05 a.m. | Updated 12:06 p.m. Why’s Wazee Street named Wazee? Why do old downtown Denver’s streets run at an angle compared to other city streets? What’s a Barnes intersection? We’ve read …

36 Hours in Denver

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Realtor Chris Gibson

thumbnail www­.nytimes­.com – The Denver Art Museum, with its distinctively angular Daniel Libeskind-designed wing, anchors what has turned into the city’s museum quarter now that the Kirkland Museum of Fine & Decorative Art move…

This is how much money you need to make to afford rent in Colorado – I’m from Denver

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Real Estate Agent Chris Gibson

thumbnail imfromdenver­.com – The rule of thumb on how much a person should budget for rent is 25% to 30% of monthly income. But due to inflation in property values and surging demand, affordable housing is increasingly becoming …

Denver Real Estate Market Statistics November 2018

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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.…

2018 Best Places to Raise a Family in Colorado

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Real Estate Agent Chris Gibson

thumbnail www­.niche­.com – Current Resident: Where do I begin? Between the sailing, tennis and swim teams that I grew up on, I’ve never seen a closer community. In Colorado, especially around the metro area, it’s hard to know …

Housing market grows in Colorado Springs, affordability could change

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thumbnail koaa­.com – COLORADO SPRINGS – The real-estate site Trulia published its list of top housing markets to watch in 2019, and Colorado Springs was at the top. Donna Hatch,a real-estate agent with ERA Shields Real E…

Denver has outpaced national housing price trends for a while — and will keep at it as prices continue to rise

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thumbnail denverite­.com – Market watchers predict Denver-area housing sales will slow but prices will continue to rise next year. In its 2019 housing forecast, the National Association of Realtors’ Realtor.com predicted this …

Slower sales and higher prices on tap for Denver housing market next year

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thumbnail www­.denverpost­.com – A forecast from Realtor.com, one of the country’s largest real estate listing portals, predicts metro Denver home sales could slow significantly next year, but that the decline in activity won’t dera…

Colorado’s Top Rated Local® Real Estate Broker Award Winner: Denver REALTOR® Christopher Gibson – Top Rated Local Blog

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thumbnail www­.topratedlocal­.com – We are delighted to announce that Denver REALTOR® Christopher Gibson is a 2018 Top Rated Local® award winner due to his phenomenal Rating Score™ and tons of happy reviews from enthusiastic clients. H…

House hunting in Denver metro? Better bring in $90K a year to get an average home

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thumbnail www­.denverpost­.com – The salary needed to afford the typical home in metro Denver is catching up to Washington, D.C., and exceeds Miami, Portland, Ore., and Sacramento, according to an analysis Wednesday from HSH.com. Ke…

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Leisure
Have you seen this new 500-foot long aerial course park growing in Denver along I-25?

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Can Snowmass Remake Itself—Again? | 5280

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Head for the Hills: All the Events On and Off the Slopes This Ski Season

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The Twelve Best New Cheap Eats in Denver in 2018

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People Are Paying Thousands To Join Doomsday Ranches, Like This One Coming To Southern Colorado

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Eat, Drink and Be Merry: Family-Friendly Holiday Events

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Stories
5 Reasons I’m Obsessed With Paying Off My Mortgage

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Homes with no energy bills are catching on — even in Pueblo — and the extra cost isn’t as high as you’d think

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Denver Turns 160 This Week. So, How’d The Mile High City Get Its Name?

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Blueprint Denver has designs on a better city

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See the Most Expensive Homes for Sale in Denver Right Now

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“Denverization” is a thing in Kansas City — and not a good thing

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Technology
Tips For Arranging Instagram-Worthy Shelves

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Realtor Chris Gibson

Thank U, Next: 8 Interior Design Trends That Are So Over in 2019

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Paint Brands Have Spoken: These Will Be the 5 Big Paint Color Trends of 2019

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Genius Kitchen Organization Tips That Pros Swear By

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This Is Exactly How Long Every Household Appliance Should Last

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Surround Your Fireplace With Value-Adding Features: Indoor Wood Storage

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Society
Proposed 38-story condo project would replace Shelby’s Bar & Grill, surface parking lot

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Realtor Chris Gibson

Readers asked: Will the “Bridge to the Future” at the 9th and Colorado development become the bridge of the past?

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The Speer Boulevard corridor goes vertical, adding more than 2,400 housing units over the last half decade

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Montbello Turning Drainage Canals Into Concrete Community Art

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East Colfax strip club set for five-story housing development as Denver pushes new strategy

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‘Granny flats’ and duplexes — two ways Elyria Swansea could start to replace housing lost to CDOT’s I-70 expansion

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Environment
Wage Increases Make Home Buying More Affordable

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Developer builds single family homes for under $250,000

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Rent increases for homes in metro Denver beginning to slow

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Denver court case to decide if pot farm hurts neighbor’s real estate values

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Monument housing development raises concerns over student safety

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Metro Denver Colorado Realtor Christopher Gibson

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Education
House Selling Tips: Why You Won’t Get Your Asking Price

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5280 Magazine Five Star Real Estate Agent

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Denver Mortgage Lenders

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Denver Realtor Reviews – Denver Home Inspections

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Denver Realtor Reviews – Questions to interview a buyers’ real estate agent

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Flat Fee Denver Realtor & Real Estate Agent

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 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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Denver Realtor Reviews: Denver Real Estate Market Statistics November 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 November 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 November 2018” by clicking here.

 

Denver Realtor Reviews Denver Real Estate Market Statistics Map November 2018

 

Youtube Video of Denver Real Estate Market Statistics Through November 2018

 

 

The average price for a home in Denver was $460,429 at the end of November 2018. The median price for a home in Denver was $395,000 at the end of November 2018. There were 3,965 homes sold in November 2018. There was 1.989 months of real estate inventory in and around Denver at the end of November 2018. There were 3,867 new real estate listings in and around Denver during November 2018. The median days on market for real estate listings in and around Denver was 18 days for November 2018.

 

These Denver real estate market statistics are from the Denver MLS (REColorado.com) . They reflect real estate sales data for the end of November 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

 

 

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Average Sales Price 12 month

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Average Sales Price 5 Year

 

The average home price in Metro Denver is up 6.0% Year Over Year from $434,396 in November 2017 to $460,459 in November 2018. The average home price in Metro Denver is down 2% Month Over Month from $469,438 in October 2018. 

 

The median home price in Metro Denver, Colorado

 

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Median Sales Price 12 month

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Median Sales Price 5 Year

 

The median home price in Metro Denver is up just over 5.2% Year Over Year from $375,300 in November 2017 to $395,000 in November 2018. The median home price in Metro Denver is 1.3% less than the median home price in October 2018 of $399,950.

 

Number of Metro Denver real estate sales

 

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Number Of Sales 12 month

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Number Of Sales By Price Point

 

There were 3,965 metro Denver real estate sales in November 2018, about 21.3% less than the 4,809 real estate sales in November 2017 and about 12.6% less than the 4,466 metro Denver real estate sales in the prior month. For November 2018, the highest number of sales occurred in the $350,000 – $400,000 price point.

 

Number of new Metro Denver real estate listings

 

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Number Of New Listings 12 month

There were 3,867 new Denver real estate listings in November 2018, which is about 4.4% more than the 3,704 new listings in November 2017 and about 37% less than the 5,294 new listings in October 2018. 

 

Months of Metro Denver real estate inventory

 

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Months Of Inventory 12 month

 

There was an average of 1.989 months of inventory on the market in November 2018.

 

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

 

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Days On Market Median 12 month

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Days On Market Median By Price Point

 

At 18 days, the median days on market is 5 days more than November 2017 and 4 more days than October 2018. 

 

Denver Realtor Reviews: Denver Real Estate Market Statistics September 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 about s2 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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