Market News

With interest rates hovering in the 8% range, and home prices holding steady, many potential buyers feel squeezed out of this market. Some creative home builders and sellers are offering 2/1 or 3/2/1 mortgage buy-downs to entice buyers.  A 2/1 mortgage buy-down is a financial arrangement where a seller or builder escrows a subsidy for […]

Denver homes continue to hold their value even in this era of higher interest rates. The 12-month rolling median price for central Denver homes is $880,000, slightly below the February historic high of $900,000 and on par with September 2022. Although prices remain relatively steady, other market indicators have changed. The number of homes sold […]

We feel it’s important to educate Colorado homeowners about a new bill introduced into the Colorado Legislature. Senate Bill 23-213 represents the MOST sweeping change in how our residential communities are zoned in a hundred years, and it affects every single community across the state.  It targets the Denver Metro/I-25 corridor with the most sweeping changes.  This […]

Let’s take a look at how easy it is to create a dramatic news headline. Below is a graph of average monthly single-family home prices in central Denver; This graph’s variability from month to month is fodder for a sensational story. Here are a few example headlines that could have been written based on this data: […]

Buyers and sellers are facing a slightly different market this year than they did at the beginning of last year. 2022 started with an insatiable demand for very few homes for sale. Prices soared at rates we had never seen as buyers battled it out for almost every listing. As we progressed through the year, […]

In just a few short months, the Fed’s aggressive interest rate hikes have forced mortgage rates from 3% to around 7% costing borrowers 60% more on their monthly payments. This sobering realization has caused many buyers to pause their search for a home. The chart below from Mortgage News Daily shows how rising interest rates […]

Since 2014, the central Denver (map) residential real estate market has been appreciating at an incredible pace. What you may have read in the paper or heard on the news recently sounds a lot like what you’ve been reading or hearing over the past seven years. However, today’s market is nothing like the past seven years, or even […]

Homeowners have much to celebrate this holiday season after a solid year of rapid appreciation. The median price for a single family home in central Denver (map) rose from $700,000 to $811,200 in the past twelve months. That’s just shy of a 16% increase. Below is a graph of the appreciation rates by year since our market […]

Ten years ago, homes that sold for one million dollars or more represented 3% of the central Denver market (map). Today, they represent 32% of the market. It’s irrational that journalists and Realtors continue to use this arbitrary price point as the benchmark for the “luxury market”. You would be hard pressed today to purchase […]