Since March 2022, the Federal Reserve has raised interest rates 11 times, increasing the cost of a 30-year fixed-rate mortgage from 3.75% to 6.80% (Federal Reserve Economic Data). To understand the impact of these rate hikes on the Denver market, we analyzed the absorption rate across increasing price ranges to see how the competitive landscape […]
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June was a landmark month for the central Denver real estate market, breaking three records and marking a significant moment in the past decade of home appreciation. Record Inventory Last month, we saw the highest number of homes on the market in the past 10 years, with 601 homes available. June typically has the most […]
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The residential real estate market in central Denver is mirroring the trends seen before the pandemic. The accompanying graph illustrates the number of homes sold and listed for sale between January and the end of April of the last seven years. Following the pandemic, the real estate market experienced a significant shift. A surge in […]
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The current central Denver real estate landscape presents a confluence of conditions for buyers that we last saw over a decade ago. Now may be the perfect time to make your move. Here’s why: Increased Availability of Homes Currently, the inventory of available homes in Central Denver has surged by an astonishing 51% compared to […]
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Over the past five years, central Denver luxury homes (priced at the top fifth of the market) have appreciated faster than the median price. In 2018, the median price of a central Denver home stood at $640,000. Fast forward to today, and that figure has soared to $900,000, representing a remarkable 41% increase. Contrast this […]
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The central Denver real estate market has seen fluctuations but generally remains on an upward trend. The median price peaked at $900,000 in February, dipping to $875,000 in June and July, and has since recovered to $900,000. The supply and demand ratio indicates that while 2023 was not as frenzied as the pandemic years, it’s […]
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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 […]
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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 […]
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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 […]
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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: […]
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