Denver Realtor Reviews: Denver Real Estate News October 2017

 

Denver Realtor Reviews: Denver Real Estate News

Denver Real Estate News

www.RealtyofCO.com
Denver Realtor Reviews: Denver Real Estate News Published by
Realtor Chris Gibson
24 October 2017
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Denver Real Estate News This Week

 


Proposed 1,000-Foot Skyscraper Would Be Denver’s Tallest – 5280
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Denver Realtor Reviews: Denver Real Estate News www­.5280­.com – A New York City developer launched a $400 million project that—if approved—will be “unlike anything ever built in Colorado.” Manhattan-based development firm Greenwich Realty Capital announced plans …
Denver Realtor Reviews: Denver Real Estate Market Statistics 2017
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Denver Realtor Reviews: Denver Real Estate News 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.…
The Best View Of Booming Denver Belongs To The Man In The Tower Crane
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Denver Realtor Reviews: Denver Real Estate News - Christopher Gibson www­.cpr­.org – An RMS Cranes tower located at 21st and California in downtown Denver. It is operated by Aaron Genova. “We got it made,” crane operator Aaron Genova says with pride. “We’ve got the best view in town.”
Denver real estate right now, explained in five numbers – Denverite
Denver Realtor Reviews: Denver Real Estate News Shared by
Chris Gibson Realtor
Denver Realtor Reviews: Denver Real Estate News www­.denverite­.com – Whether it’s Amazon headquarters rumors, seasonal slowdowns or ever-present construction, the Denver real estate market remains grounds for much speculation. Cut through the “what-ifs” with this cura…
Colorado’s growing pains: From roads to water, here are 5 key issues as the state’s population swells
Denver Realtor Reviews: Denver Real Estate News - Christopher Gibson Shared by
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Denver Realtor Reviews: Denver Real Estate News www­.denverpost­.com – At a recent town hall meeting on the state’s population growth, House Speaker Crisanta Duran paused a moment to take an informal poll: How many in the audience, the Denver Democrat asked, want Amazon…
City Park Golf Course redesign unveiled, 261 trees marked for removal
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Denver Realtor Reviews: Denver Real Estate News www­.thedenverchannel­.com – DENVER — Bright yellow bands are wrapped around trees in City Park Golf Course, indicating they are slated to be cut down. According to City of Denver officials, those trees will not be removed befo…
Denver City Council signs off on a plan – and money – for Gates Rubber site redevelopment – Denverite
Denver Realtor Reviews: Denver Real Estate News Shared by
Realtor Chris Gibson
Denver Realtor Reviews: Denver Real Estate News www­.denverite­.com – The stage is now set for the redevelopment of the barren former Gates Rubber site, wedged between South Broadway and South Santa Fe Drive south of I-25. Councilman Jolon Clark, whose District 7 inclu…
What’s so bad about gentrification anyway? – Denverite
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Denver Realtor Reviews: Denver Real Estate News www­.denverite­.com – “I remember when 46th was a dirt road, and Pecos going north was a dirt road. There were dairy farms there, in my lifetime. So I’ve watched progress. This is beyond progress — this is greed.” — Sid Q…
Denver city tax support to the tune of $90 million could aid Gates redevelopment at I-25 & Broadway
Denver Realtor Reviews: Denver Real Estate News Shared by
Realtor Chris Gibson
Denver Realtor Reviews: Denver Real Estate News www­.denverpost­.com – A second stab at redeveloping south Denver’s former Gates Rubber Co. site received a shot in the arm Monday with the Denver City Council’s approval of a redevelopment and tax support plan. “This site…
Downtown Denver: The Right Way To Do A Historic Neighborhood
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Realtor Chris Gibson
Denver Realtor Reviews: Denver Real Estate News www­.forbes­.com – A view of a historic warehouse in Larimer Square with modern towers in the background. Denver, CO — When it comes to neighborhood development, preserving history and embracing modernity can seem lik…
The Most Expensive Zip Codes in Denver and Colorado
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Denver Realtor Reviews: Denver Real Estate News www­.westword­.com – A new study ranking the most expensive zip codes in Colorado shows that the vast majority of them are in the vicinity of Denver and Boulder. Only three zip codes out of the top fifty fall outside tha…
These central Denver neighborhoods have seen the most growth in recent years
Denver Realtor Reviews: Denver Real Estate News - Christopher Gibson Shared by
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Denver Realtor Reviews: Denver Real Estate News www­.thedenverchannel­.com – DENVER – As new buildings go up downtown and more businesses choose to locate in the city’s core, the number of people choosing to live downtown also has climbed. Since 2010, the downtown Denver area…
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Denver gets top marks for commitment to LGBTQ residents – Denverite
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Discriminatory Lending That Once Stifled Denver Neighborhoods Now Fuels Gentrification
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The water under Colorado’s Eastern Plains is running dry as farmers keep irrigating “great American desert”
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Transit-oriented development West Line Village begins construction – Denverite
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Walking down Denver’s Colfax Avenue could be dramatically different by 2021 – Denverite
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Your guide to fall (and winter) holiday festivities around Wheat Ridge, Arvada, Westminster
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5280’s List of Denver’s Best Restaurants 2017: Oak At Fourteenth
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 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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Denver Real Estate Market Statistics September 2017

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 Real Estate Market Statistics Through September 2017

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 September 2017” by clicking here.

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Youtube Video of my Denver Realtor Review of Denver Real Estate Market Statistics through September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

The average price for a home in Denver was $426,640 at the end of September 2017. The median price for a home in Denver was $375,000 at the end of September 2017. Sales volume in September was $2.054 billion. There were 4,814 real transactions in April 2017. There is 1.64 months of real estate inventory in and around Denver. There were 7,898 real estate listings in and around Denver at the end of September 2017. The average days on market for real estate listings in and around Denver was 24 days for September. And the median days on market was 10.

These Denver real estate market statistics are from the Denver MLS (REColorado.com) . They reflect real estate sales data for the end of December 2016. 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

The average home price in Metro Denver is up almost 8% Year Over Year from $393,908 in September 2016 to $426,640 in September 2017. The average home price in Metro Denver is down over 1% Month Over Month from $432,521 in August 2017.

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017


The median home price in Metro Denver, Colorado

The median home price in Metro Denver is up almost 8% Year Over Year from $347,500 in September 2016 to $375,000 in September 2017. The median home price in Metro Denver is 0.9% less than the median home price in August 2017.

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

 

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017


Metro Denver real estate sales volume

Metro Denver real estate sales volume went down 18% month over month to $2.054 billion from $2.420 billion continuing the traditional seasonal patterns and was 5% higher than the $2.044 billion in sales in September of 2016.

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017


Number of Metro Denver real estate sales

There were 4,814 metro Denver real estate sales in September 2017, almost 7.8% less than September 2016 and 16% less than the prior month. For September 2017, the highest number of sales occurred in the $350,000 – $400,000 price point. What is making news the large drop in sales vs. August which is larger than the 6.8% August to September drop in 2016.

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017


Months of Metro Denver real estate inventory

There was an average of 1.641 months of inventory on the market in September 2017.

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017


Number of Metro Denver real estate listings inventory

At the end of September 2017 there were 7,898 Denver real estate listings which is about the same as the 7,996 listings at the end of August 2017 but 6% less than the 8,389 listings in September 2016.

 

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017


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

At 24 days the average days on market for Denver real estate is 1 days more than September 2016 and is 3 days more than March 2017. The average days on market was 21 days or less for everything under $400,000. The highest days on market was in the $1.75 million – $2 million price range.

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

 

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017


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

At 11 days, the median days on market is 1 day more than September 2016 and 1 day less than August 2017. The median days on market was 11 days or less for everything under $400,000. The median days on market was highest over the $1 million price range.

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Summary of September 2017 Denver Real Estate Market Statistics

The market is seasonally slowing but is there a larger change in process. The drop in the number of sales was larger than last year and days on market along with overall inventory seem to be creeping up. Anecdotally I am seeing less buyer demand over the last few months than there was for about the last year and half going into Spring 2017.

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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Stapleton Neighborhood Home For Sale – 8942 E 29th Pl

Stapleton Neighborhood Home For Sale.

Immaculate Stapleton Neighborhood home for the pickiest buyers. This 2-story, charming home for sale has been cared for by owner occupants its entire life and is even better than the pictures. Pristine hardwood floors and woodwork. 42″ cherry cabinets, with granite countertops, and stainless steel appliances in the kitchen. 3 large bedrooms with a roomy master. Walk-in closets. 6-panel doors. Hunter-Douglas custom blinds. New carpet spring 2016, new roof and exterior paint fall 2015. Spacious covered front porch overlooking a pleasant courtyard. Close to all the best that Stapleton has to offer, 1 block from Central Park & Westerley Creek Elementary, walking distance to 3 neighborhood pools, Central Park Recreation Center and the Sam Gary Denver Public Library.  Minutes from from A-line train to the plane, DSST, Stanley Market, 29th Ave. Town Center, and coming soon Punch Bowl Social. Best value in Stapleton  Neighborhood, entry level price with high end finishes.

More pictures and interactive floor plan of this Stapleton Neighborhood home for sale at http://tours.virtuance.com/780612

  • 2-Story
  • 3 Bedrooms
  • 2.5 Bathrooms
  • 1,517 Sqft
  • 2-car garage
  • Built in 2004

Stapleton Neighborhood Home For Sale, Click Here To See More Pictures Stapleton Neighborhood Home For Sale, Click Here To See More Pictures

Stapleton Neighborhood Home For Sale, Click Here To See More Pictures Stapleton Neighborhood Home For Sale, Click Here To See More Pictures

Stapleton Neighborhood Home For Sale, Click Here To See More Pictures Stapleton Neighborhood Home For Sale, Click Here To See More Pictures

Room Measurements of this Stapleton Neighborhood home

  • Living room: 14’10” x 15’5″
  • Dining room: 13’2″ x 11’3″
  • Master bedroom: 17’5″ x 12’6″
  • 2nd bedroom: 10’11” x 12′
  • 3rd bedroom: 9’4″ x 10’2″
  • Garage: 20’7″ x 19’8″

Stapleton Neighborhood Home For Sale, Click Here To See More Pictures

Additional notes about this Stapleton Neighborhood home

  • New carpet spring 2016
  • Upgraded attic insulation to R60
  • New roof fall 2015 with hail resistant shingles
  • New exterior paint 2015
  • Pull out drawers in the kitchen
  • Extra tall cabinets in the kitchen
  • Granite countertops
  • Central Air Conditioning
  • Nest thermostat-installed 2017
  • Custom shelving in the garage
  • Ultra quiet garbage disposal

Video walkthrough of this Stapleton Neighborhood home for sale

Other reports about 8942 E 29th Pl in the Stapleton Neighborhood in Denver.

 

Click here to see all Stapleton Neighborhood homes for sale.

Stapleton Neighborhood homes for sale

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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Denver Realtor Reviews DU Neighborhood Price Analysis June 13 2017

DU Neighborhood Subject Property Details

2 Bedrooms

1 Bathroom

Total finished and above grade square feet 1,227

Off street parking without garage

DU Neighborhood Comparable Property Search

Status is ‘Active’

Status is one of ‘Under Contract’, ‘Sold’

Status Contractual Search Date is 06/13/2017 to 12/15/2016

Type is one of ‘Attached Single Family’, ‘Detached Single Family’

City is ‘Denver’

Total Bedrooms is 2

Total Baths is 1

NO GARAGE

 

 

 

 

 

DU Neighborhood Comparable Home Sales

Some of these comparable homes are row homes or condos with an HOA fee. They are likely priced less that what a single family home would sell for. The average sales price of similar homes is $355,000. The average price per square foot is $433. If the subject property was priced at $433 per square foot it would be priced at $531,291.

3 Automatically Generate Values

Zestimate – $372,034

Realist – RealAVM™ Range: $211,914 – $304,950

RealtyofCO.com – $288,100

DU Neighborhood Market Statistics within proximity of the subject property


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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Cherry Creek Village Neighborhood Home For Sale 4594 S Akron St

Just listed in the Cherry Creek Village Neighborhood – 4594 S Akron St. See the price and more pictures at http://www.realtyofco.com/cherry-creek-village-neighborhood-home-sale-greenwood-village-4594-s-akron-st/ .

Cherry Creek Village Neighborhood - 4594 S Akron St Cherry Creek Village Neighborhood - 4594 S Akron St

Cherry Creek Village Neighborhood - 4594 S Akron St Cherry Creek Village Neighborhood - 4594 S Akron St

Cherry Creek Village Neighborhood - 4594 S Akron St Cherry Creek Village Neighborhood - 4594 S Akron St

 

You are first greeted by a beautiful double door entry and newer windows with plantation shutters. The main living area is perfectly accented with a large fireplace and open floor plan and open layout combined with the uniqueness and originality of a custom built home. Modern kitchen with gas cooktop and 2 large pantries. Recently refinished hardwood floors. Main floor living option with main floor laundry and master bedroom. Double vanity in the master bathroom. Spacious closets in the master bedroom. Big back yard with a stamped concrete patio and gas firepit.  Light and bright lower level with egress windows in the bedroom and living area. Updated finishes and inset lighting in the lower level. Large storage space with workshop in the lower level. Whole House Fan and Central AC. Large mechanic’s garage, oversized wide and oversized deep, with storage closets. New roof in 2016. Great DTC location at the end of cul-de-sac, just a few blocks from Belleview Elementary & Cherry Creek High School, Dayton light rail station, Village Greens Park & Cherry Creek State Park.

The Cherry Creek Village Neighborhood is more than a seasoned neighborhood of custom built homes with a mature tree canopy and gardening aficionados; it is a community. Enjoy block parties, movies in the park, community garage sales, and more. Once people move into this neighborhood, they don’t leave. Homes hitting the market are few and far between, and the ranch style homes are are even more rarified.

  • Ranch Style Home
  • 5 Bedrooms
  • 3 Bathrooms
  • 3,859 Finished Sqft
  • 2-Car Oversized Garage
  • 22,825 Sqft (0.52 Acre) Lot

Other details:

  • Main level square feet: 2,468
  • Lower level square feet: 1,678

Interactive floor plan and more pictures available of 4594 S Akron St in the Cherry Creek Village Neighborhood at http://tours.virtuance.com/792933

Interactive floor plan and more pictures available of 4594 S Akron St in the Cherry Creek Village Neighborhood

Video walk through of 4594 S Akron St in Cherry Creek Village Neighborhood home for sale

Other reports about 4594 S Akron St in the Cherry Creek Village Neighborhood

Click here to see all homes for sale in the Cherry Creek Village Neighborhood.

Homes for sale in the Cherry Creek Village Neighborhood

Cherry Creek Village Neighborhood Market Statistics through May 2017.

The median list price in May for the Cherry Creek Village Neighborhood was just over $1 million. The median sales price was $745,000. There were 3 listing on the market in May. Less than 1 home is selling every other month. The homes that sell, seem to go under contract in 10 days or less.

Cherry Creek Village Neighborhood Market Statistics - Median List Price

Cherry Creek Village Neighborhood Market Statistics - Median Sales Price

Cherry Creek Village Neighborhood Market Statistics - Listings On The Market

Cherry Creek Village Neighborhood Market Statistics - Number Of Home Sales

Cherry Creek Village Neighborhood Market Statistics - Median Days On Market

 

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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West Highland Neighborhood Home For Sale – 3445 W 34th Ave

Just listed in the West Highland Neighborhood – 3445 W 34th Ave. See the price and more pictures at http://www.realtyofco.com/west-highland-neighborhood-home-sale-3445-w-34th-ave/ .

West Highland Neighborhood Home For Sale - 3445 W 34th Ave West Highland Neighborhood Home For Sale - 3445 W 34th Ave

West Highland Neighborhood Home For Sale - 3445 W 34th Ave West Highland Neighborhood Home For Sale - 3445 W 34th Ave

West Highland Neighborhood Home For Sale - 3445 W 34th Ave West Highland Neighborhood Home For Sale - 3445 W 34th Ave

West Highland Neighborhood Home For Sale - 3445 W 34th Ave West Highland Neighborhood Home For Sale - 3445 W 34th Ave

 

Perfect proximity to Highland Square, on a coveted block within a stones throw to many great eateries and shops, close enough to walk, far enough to avoid the traffic. This much loved 1891 Victorian 1 1/2 story home is in one of West Highland’s best walkable neighborhoods. Beautiful hardwood floors. Main floor living option with main floor bedrooms, bathroom, and laundry. Gigantic 2nd floor master bedroom with new carpet, 2 closets plus built in dresser and plenty of storage. Perfect covered porch for people watching. Vinyl windows throughout. Remodeled and updated kitchen with Corian and maple, and gas stove. This low maintenance backyard oasis has a covered patio with hot tub, storage shed, and decorative flagstone walkways and ground cover with xeriscape plantings of mulberry, jasmine scented lilac, old garden roses, blackberry and red raspberry. New roof coming. New decking and ridge vents, new vinyl siding (upstairs), new 4″ gutters and downspouts, new upstairs vinyl windows all in 2013. Alley access may provide an option for building a garage. Other similar homes have added a 2nd bathroom to the 2nd floor master bedroom.

  • 2 Story
  • 3 bedrooms
  • 1 bathroom
  • 1,479 Sqft
  • Built in 1891

Interactive floor plan with additional photos of this West Highland Neighborhood Victorian Era Story And A Half available at http://tours.virtuance.com/792963?a=1

Interactive floor plan with additional photos of this West Highland Neighborhood Victorian Era Story And A Half

Room measurements of this West Highland Neighborhood home for sale

  • Living Room: 11’5″ x 19’2″
  • Kitchen: 10’11” x 14’7″
  • Master Bedroom: 16’11” x 28’2″
  • 2nd Bedroom: 11’8″ x 8’6″
  • 3rd Bedroom: 12’3″ x 8’6″

Video Walk Through Of 3445 W 34th Ave In The West Highland Neighborhood

 

Click here to see all other West Highland Neighborhood homes for sale.

West Highland Neighborhood Market Statistics

The median list price in the West Highland Neighborhood was $600,000 in May 2017 while the median sales price was $542,500. There were 11 listings in May with 14 sales. And the median days on market in May was 7 in the West Highland Neighborhood.

West Highland Neighborhood Market Statistics - Median List Price

West Highland Neighborhood Market Statistics - Median Sales Price

West Highland Neighborhood Market Statistics - Number Of Listings

West Highland Neighborhood Market Statistics - Number Of Sales

West Highland Neighborhood Market Statistics - Median Days On Market


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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

Download a printable pdf of interview questions for a metro Denver buyer’s real estate agent by clicking here.

Interview Questions for a metro Denver Buyer’s Real Estate Agent

Interview Questions for a metro Denver Buyer’s Real Estate AgentA buyer’s real estate agent in metro Denver works for the home buyer, and even though they are paid by the listing real estate agency, they are rewarded for succeeding for the home buyer. Just like any individual, every buyer’s real estate agent is unique and has different skill sets. It’s important to feel confident that your metro Denver buyers’ real estate agent is the best fit for your needs and personality, as he or she will walk with you through some stressful decisions.

Here are some sample questions to use when interviewing a metro Denver buyers’ real estate agent.

Metro Denver Real Estate Agent’s Experience

1. How long have you been a licensed real estate agent in metro Denver?

2. Do you work in real estate in metro Denver full time?

3. Do you have any past metro Denver real estate clients I may contact?

4. How many metro Denver real estate transactions have you done in the last 12 months?

 

Scheduling Questions For A Buyers’ Real Estate Agent In Metro Denver

5. What times are difficult for you to show homes? What times are easy for you to show homes?

6. How many other buyers are you working with right now? How much time do you have per week to give to me for this process?

7. Are you too busy to help me the way you would want to help me?

8. Do you have any vacations coming up that would conflict with my home buying schedule? Do you have someone to fill in for you if needed, if so who are they and what are they like?

 

Areas of Metro Denver Real Estate Expertise

9. Are you primarily helping home buyers, sellers, both?

10. What areas of metro Denver are you most experienced with? What areas of metro Denver are you least experienced with? (May want this to match up with areas of town you are likely to look in)

11. What home types and price ranges are you most experienced with? What home types and price ranges are you least experienced with? (May want this to match up with your likely home type and price)

 

The Process of Buying a Metro Denver Home

12. How do you help metro Denver home buyers narrow down their real estate search or in the decision making process?

13. Do you think it is a good time for me to buy a home in metro Denver? What is the metro Denver real estate market like?

14. Are you willing to show me homes without a contractual agreement, or at least until I have seen you work enough to be comfortable committing to you? (As a home buyer I would not sign a contract for more than 1 month or unless I could terminate it if I wasn’t under contract on a home.)

15. Do you subscribe to any services like neighborhood scout or rentometer to help me evaluate homes of interest?

16. How will you advise me on real estate prices for homes of interest?

17. How are you helping your clients win homes in competitive bidding situations?

18. What could I do as a home buyer, or what should I be prepared to do in order to be successful?

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

Denver Realtor Reviews And Denver Real Estate Agent Reviews On The Denver Better Business Bureau (BBB)Denver Realtor Reviews Denver Real Estate Agent Reviews FacebookDenver Realtor Reviews - Denver Real Estate Agent ReviewsDenver Realtor Reviews - Denver Real Estate Agent ReviewsDenver Realtor Reviews - Denver Real Estate Agent ReviewsDenver Realtor Reviews - Denver Real Estate Agent Reviews
 


Denver Real Estate Market Statistics 2016 Year End

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 Real Estate Market Statistics December 2016

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 this report by clicking here.

Denver Real Estate Market Statistics December 2016


Youtube Video of 2016 Year End Denver Real Estate Market Statistics

 

 


Denver Realtor Reviews: Denver Real Estate Market Statistics December 2016

The average price for a home in Denver was $404,986 at the end of December 2016. The median price for a home in Denver was $350,000 at the end of December 2016. Sales volume in December was $1.960 billion. There were 4,844 real transactions in December 2016. There is less than 1 month of real estate inventory in and around Denver. There were 4,577 real estate listings in and around Denver at the end of December 2016. The average days on market for real estate listings in and around Denver was 35 days for December. 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 December 2016. 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

The average home price in Metro Denver is up almost 8.6% Year Over Year from $373,033 in December 2015 to $404,986 in December 2016. The average home price in Metro Denver is down almost 2% Month Over Month from $413,158 in November 2016. 

Average Home Price In Denver Over 12 Months December 2016

Average Home Price In Denver Over 5 Years December 2016


The median home price in Metro Denver, Colorado

The median home price in Metro Denver is up just over 11% Year Over Year from $315,000 in December 2015 to $350,000 in December 2016. The median home price in Metro Denver is approximately 0.5% less than the median home price in November 2016.

Median Home Price In Denver Over 12 Months December 2016

Median Home Price In Denver Over 5 Years December 2016


Metro Denver real estate sales volume

Metro Denver real estate sales volume went down 6.3% month over month to $1.960 billion from $2.091 billion continuing the traditional seasonal slowdown and was 23.3% higher than the $1.696 billion in sales in December of 2015.

Real Estate Sales Volume In Denver Over 12 Months December 2016

Real Estate Sales Volume In Denver Over 5 Years December 2016


Number of Metro Denver real estate sales

There were 4,844 metro Denver real estate sales in December 2016, almost 6% more than December 2015 and 4.2% less than November 2016. The decrease in sales in December seems to follow the normal seasonal trajectory. Sales should increase in February. For 2016, the highest number of sales occurred in the $300,000 – $350,000 price point.

Number Of Real Estate Sales In Denver Over 12 Months December 2016

Number Of Real Estate Sales In Denver Over 5 Years December 2016

Number Of Real Estate Sales In Denver By Price Point During 2016


Months of Metro Denver real estate inventory

Real Estate Inventory hit a record low!!! I didn’t think it was possible for the inventory to go lower.

Months Of Real Estate Inventory In Denver Over 12 Months December 2016

Months Of Real Estate Inventory In Denver Over 5 Years December 2016


Number of Metro Denver real estate listings inventory

At the end of December 2016 there were 4,577 Denver real estate listings which is about 24% less than the 6,055 listings at the end of November 2016 and 10.6% less than the 5,757 listings at the end of December 2015. This is a significant decrease in homes available for sale from the prior year, and although the decrease in homes available for sale follows seasonal trends, the low inventory is exceptionally low. 

Number Of Homes For Sale In Denver Over 12 Months December 2016

Number Of Homes For Sale In Denver Over 5 Years December 2016


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

At 35 days the average days on market for Denver real estate is 4 days longer than november 2016 and is 4 days longer than December 2015. The increase in the days on market would be encouraging if it were not for the dramatic decrease in inventory.

Average Days On Market For A Home Sold In Denver Over 12 Months December 2016

Average Days On Market For A Home Sold In Denver Over 5 Years December 2016


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

At 16 days, the median days on market is 1 days more than the prior month and December 2015 . 

Median Days On Market For A Home Sold In Denver Over 12 Months December 2016

Median Days On Market For A Home Sold In Denver Over 5 Years December 2016

 

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

Denver Realtor Reviews And Denver Real Estate Agent Reviews On The Denver Better Business Bureau (BBB)Denver Realtor Reviews Denver Real Estate Agent Reviews FacebookDenver Realtor Reviews - Denver Real Estate Agent ReviewsDenver Realtor Reviews - Denver Real Estate Agent ReviewsDenver Realtor Reviews - Denver Real Estate Agent ReviewsDenver Realtor Reviews - Denver Real Estate Agent Reviews


Denver Realtor Reviews Mar Lee Neighborhood Denver Homes For Sale 1540 S Yates

Click here to see all Mar Lee Neighborhood Denver Homes For Sale.

Denver Realtor Reviews Mar Lee Neighborhood Denver Homes For Sale 1540 S Yates

Click here to see the full MLS listing for 1540 S Yates in the Mar Lee Neighborhood.

full MLS listing for 1540 S Yates in the Mar Lee Neighborhood

Price analysis of 1540 S Yates in the Mar Lee Neighborhood

Click here to see the full MLS listings of these comparable homes in the Mar Lee Neighborhood

Denver Realtor Reviews Mar Lee Neighborhood

Denver Realtor Reviews Mar Lee Neighborhood

In order to derive comparable homes that sold like 1540 S Yates I searched for homes that sold within the last 120 days that did not appear to have a garage, had 2 bathrooms, and between 1244-2044 finished and total square feet. The average price per total square foot is $185 of the sold properties while 1540 S Yates is $182 per total square foot. The average price per finished square foot of the sold properties is $192 while 1540 S Yates is $182. The average price of the sold price is $281,810 of the comparable houses and the high is $295,000. 1540 S Yates is less on 2 important price per square foot measures, but is more costly than the average for the neighborhood on total price. I think the appraiser will find this acceptable because 2 bathrooms and all the bedrooms are on the main level and the finishes are all top of the line.

3 Automatically generated values

  1. Zestimate – $273,033
  2. Realist – RealAVM™ Range: $207,180 – $258,392
  3. RealtyOfCO.com – $198,000

 

Neighborhood Scout Reports Mar Lee Neighborhood

Denver Realtor Reviews Mar Lee Neighborhood

Denver Realtor Reviews Mar Lee Neighborhood

Denver Realtor Reviews Mar Lee Neighborhood

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

Denver Realtor Reviews And Denver Real Estate Agent Reviews On The Denver Better Business Bureau (BBB)Denver Realtor Reviews Denver Real Estate Agent Reviews FacebookDenver Realtor Reviews - Denver Real Estate Agent ReviewsDenver Realtor Reviews - Denver Real Estate Agent ReviewsDenver Realtor Reviews - Denver Real Estate Agent ReviewsDenver Realtor Reviews - Denver Real Estate Agent Reviews
 


Denver Realtor Reviews Investor Home Ideas Bear Valley Neighborhood 3074 S Ingalls

Click here to see all homes for sale in the Bear Valley Neighborhood.

Denver Realtor Reviews Investor Home Ideas Bear Valley Neighborhood 3074 S Ingalls

Click here to see the MLS listing of Investor Home Idea, 3074 S Ingalls, in the Bear Valley Neighborhood.

Denver Realtor Reviews Investor Home Ideas Bear Valley Neighborhood

 

Roof looks old. Landscaping needed. Hardwood floors. Exterior very rough. Original windows. Very good layout. Wood burning fireplace. Kitchen needs total redo. 2 bathrooms on the main floor. Master suite. 2 car garage. Big, overly deap garage. Nice front door. Big bedrooms. Big closets. Very close to Bear Creek Park. All new appliances needed. Big yard. Storage shed built off the back of the house. Utility sink in the laundry area. Looks like water has been in the basement. Basement bathroom already exists with plumbing. 

 

Youtube Video of Investor Home Idea In Bear Valley Denver

 

After Repair Value – ARV of Investor Home Idea in Bear Valley Neighborhood

Click here to see MLS listings of the homes used to derive the after repair value of this Investor Home Idea in the Bear Valley Neighborhood.

Denver Realtor Reviews Investor Home Ideas Bear Valley Neighborhood

Denver Realtor Reviews Investor Home Ideas Bear Valley Neighborhood

 

The average price per total square foot of these similar homes that sold is $146 per square foot. The average sold price is $383,833. I think a hard money lender would have no reservations using an ARV of $383,833. If this home was priced at $146 per square foot it would be $461,526. Because of this homes superior size, if the whole home was renovated, I am fairly confident in an actual ARV of $425,000. 

Below you will find a net sheet if you used my flat fee Denver real estate model to sell this investor home idea in the Bear Valley neighborhood for $425,000 or $400,000.

flat fee Denver real estate

 

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

Denver Realtor Reviews And Denver Real Estate Agent Reviews On The Denver Better Business Bureau (BBB)Denver Realtor Reviews Denver Real Estate Agent Reviews FacebookDenver Realtor Reviews - Denver Real Estate Agent ReviewsDenver Realtor Reviews - Denver Real Estate Agent ReviewsDenver Realtor Reviews - Denver Real Estate Agent ReviewsDenver Realtor Reviews - Denver Real Estate Agent Reviews


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