Denver real estate: inventory, days on market, long-term decline risk and Airbnb enforcement in Denver.
There has been allot of talk about Denver being primed for a long term decline in real estate. Will this actually occur? Short answer no. Why? Simple math more people are moving to Denver than leaving. What does this mean for real estate values in the short term...
Denver historically was the leader in Colorado real estate. The tides have turned with the pandemic. Year to date, sales in Denver are up around 5%, while Jefferson county, a suburban county of Denver is up 9%. Furthermore, the appreciation in Summit county is over...
According to the Colorado Association of Realtors, Denver real estate inventory fell 29% in December, number of sales increased 17% and sold price increased 5%. Breckenridge and Steamboat also saw listings decline by almost 30% with prices increasing modestly....
The Colorado Association of Realtors released their August statistics of the 7 county Denver metro area. Although Median sales price is up 2.5% YTD, two metrics are flashing warning signs. Days on the market has jumped 27% and percent of list price has declined. ...
The Denver metro real estate market has performed a sudden U-turn with inventory up 28%, sold homes down 14%, and days on the market up 23%. This is the highest amount of inventory since October 2013. With all the grim news, there is a ray of light 😊 ...
The Denver metro real estate market has performed a sudden U-turn with inventory up 28%, sold homes down 14%, and days on the market up 23%. This is the highest amount of inventory since October 2013. At the same time prices have held steady while mortgage rates...
The Denver district attorney filed felony charges against two realtors in Denver County for allegedly running illegal nightly rentals. This could result in jail time of 2-6 years. The spokesperson for the Denver District Attorney's office, Carolyn Tyler, says these...
Beaulieu, a nationally renowned economist and president of ITR Economics, predicted: “The U.S. economy and your economy in Colorado will slow down in 2019…Expect a slow down, but don’t expect a break down”. He then went on to say that: “An aging population,...
If you missed the headline in the Denver Post, it sounds like the sky is falling. Boulder’s average sales price is down 2.7%, Denver 1.2%, and Douglas 2.1%. Are lower home prices on the way? Is this the beginning of the next cycle? How accurate is the...
Redfin, the online brokerage, released their recent search volume report which shows Denver is losing it’s “mojo”. Denver topped the list of metros people looked to leave, posting the highest net outflows in the fourth quarter. 24% of all users were searching to move...
It looks like Black Friday is coming to Denver front range real estate with the luxury market (above 1m) officially entering a buyers’ market and on sale! According to the November report by the Denver Metro Association of Realtors, active listings are up 47% from...
Now that the election is over, cities/counties all over the state of Colorado have approved billions in new spending. This will all be flowing through to your tax bill shortly. The impacts will be felt by residential and commercial property owners. There is one...
Is Denver's popularity starting to fade? In the first three months of 2018, Denver posted a "net outflow" of Redfin users for the first time, meaning that more Denver-based Redfin users were searching for homes in other metro areas than Redfin users elsewhere...
Local governments will likely kick off the next round of foreclosures, albeit not intentionally. Why? How? If you opened your mailbox, your assessed property value has likely increased and depending on the area, increased substantially. One area in Denver increased...
There is a new initiative heading to the ballot in Denver that could drastically increase prices in Denver. It is ironic that there have been many tax increases to help affordable housing yet on the other hand an initiative that will substantially increase the cost...
According to a recent article in the Denver Post, the real estate party ends badly beginning in 2019! According to the study of housing trends during the last downturn, the northern front range (Denver to Ft. Collins) are in for a doozy. This will be worse than the...
3 Areas That Will Deflate Denver’s Real Estate Mojo! I saw just yesterday that Denver continues to be one of the hottest housing markets around. In my last article, Has Denver lost it’s mojo?, I outlined the key drivers of Denver and the front range housing market...
