Latest News: Market Conditions
January Market Update
The Denver market continues to see high demand and increased appreciation even in January. While we often see reduced available inventory in the winter months, this January was a new record low with just 2,316 active listings at month-end. New
December Market Update and Year End Review
The close of December brought the end to a year that no one could have expected. The month ended similar to the whole of 2020, with record-low inventory and record-high sales volume. December ended with 2,541 active listings on the
November Market Update
November 2020 in Denver saw record highs and lows in the Denver market. It is important to remember that the residential market generally follows a seasonal pattern and it is normal to see lower inventory in the winter months. Even
October Market Update
In October in Denver, the market tends to slow down as the weather cools off, but not surprisingly, 2020 was a little different. The record-low inventory continues with only 4,821 active listings. This spring’s pent-up demand continues to have a
September Market Update
September is historically a month that we see a natural calming of the market as buyers and sellers often decide to stay put in the Fall and Winter months. September 2020 was a different story. Once again, the Denver market
August Market Update
August broke most of the records set in July and then some. The strong buyer pool pushed average home sale prices to over $604,000 and kept inventory at a record low. At the end of August, there were 5,496 active
July Market Update
As we approach the peak of summer heat the Denver market has also continued to heat up. July saw record-breaking demand, limited inventory, and prices. More homes closed in July 2020 than any month ever in the Denver Metro area.
June Market Update
With June data in, we can confirm that prices are still increasing and demand is still high in the Denver real estate market. Under contract numbers in May were at record numbers and June has beat those records. The number
May Market Update
At first glance, the May stats reflect the market standstill that occurred in April. However, the most remarkable part of May was the record-breaking spike in under contract listings. Under contract listings this month were up 18.9% for single-family homes and
April Market Update
As in-person showings screeched to a halt in April, Buyers became comfortable with virtual showings pretty quickly. The average days on market for sold properties in April was just 20 days. This tells us that appropriately priced homes are moving
Fall Metro Denver Market Update
In recent months, the number of homes for sale along with the days on the market has increased. It’s difficult to determine whether these changes are seasonal or are a symptom of a larger market correction that will put more
The Effect of Legalized Marijuana on the Denver Warehouse Market
If you’re a Realtor in Denver you’ll inevitably get questions from clients about what effect legalization of marijuana has had on real estate. CNN Money recently did a piece reporting that marijuana has been a factor in the high demand for
Hostel Fish is (quietly) open for business, and just what Denver needs
Denver’s current economic growth rate is the highest in the nation. With that comes a rapidly growing population, exponential increases in rental rates and real estate prices year over year, skyrocketing demand for properties in coveted locations, and… the best
Denver’s River North Neighborhood Just Keeps Growing
Check out this article from the Denver Post detailing the huge commercial and residential real estate growth in Denver’s River North (Five Points) neighborhood. The commercial real estate market in Denver’s River North neighborhood is in a “feeding frenzy,” with
Priced Out: Athmar Park as a Wash Park West Alternative
In part three of three, Adam offers an alternative to Wash Park West and highlights the hidden value in Athmar Park. Check out parts One and Two for more hidden gems when the Denver housing market has you feeling priced out.
Priced Out: Sloan’s Lake? Why Not Edgewater?
Check out part 2 of Priced Out, where we explore the alternative neighborhoods in Denver, check out part one here If you have driven around Sloan’s Lake within the past year, it’s hard to ignore the overwhelming amount of development,
Priced Out: From Berkeley to Regis
In today’s post, check out part one of a three part series by broker Adam Waggoner, exploring new neighborhoods to consider in a market where getting priced out is becoming more and more common. In today’s market the typical Denver home