Denver values up 13%, Summit up 23% for the year, the chart should scare you!

Denver values up 13%, Summit up 23% for the year, the chart should scare you!

The Summit Daily recently posted an article that Fall is a great time to hike a 14er.   I took the pic below of a 13k foot peak the same week the article came out.  Probably not a good time to attempt a peak ascent in the snow. The article on 14ers is eerily similar...
58% of sellers in Denver drop prices; inventory rises 94%; what does this mean for Colorado real estate values?

58% of sellers in Denver drop prices; inventory rises 94%; what does this mean for Colorado real estate values?

  Don’t be surprised by the recent numbers.  I mentioned months ago that many Canadian markets changed on a dime and the same would happen in major US cities.  A recent Redfin report showed that Denver ranked second behind Boise in price drops amongst 97 cities. ...
58% of sellers in Denver drop prices; inventory rises 94%; what does this mean for Colorado real estate values?

Extreme bidding wars set to continue in Denver, Housing enters a national recession

The Denver Metro Association predicted “extreme bidding wars” will continue in their August Newsletter.  At the same time the National Association of realtor’s chief economist said: “We’re witnessing a housing recession in terms of declining home sales and home...
Denver a top ten “outflow” destination with more looking to leave

Denver a top ten “outflow” destination with more looking to leave

A record 32.6% of Redfin.com users nationwide looked to move from one metro to another in the second quarter, up slightly from 32.3% in the first quarter and roughly 26% before the pandemic.  Denver was recently named by Redfin a top “outflow” destination with...
Portland is a stark warning for Denver: Homelessness doubles, spending increases, impact on real estate

Portland is a stark warning for Denver: Homelessness doubles, spending increases, impact on real estate

In Portland, the homeless population has increased 50% since Covid due to rapidly increasing house prices.  The same has happened in Denver, with the homeless population doubling from 20 to 21 while at the same time spending has increased to half a billion a year...
Denver inventory jumps 76%, average price dropped 1% but still up for the year

Denver inventory jumps 76%, average price dropped 1% but still up for the year

Summer has come in with a roar in the Denver metropolitan area as inventory in June jumped 76% year over year.  What has caused the huge jump in inventory?  What does the change in inventory mean for prices?  How will Denver real estate perform compared to the...