CaseLogic forecasts housing prices will rise 5.3% by next August. The increase would see home prices hit a new peak in 2017.
In the Denver Metro area the average sale price in September was $375,314 this includes both single family attached and detached ( Aurora, Northglenn, Westminster, Lakewood, Thornton, Arvada, Englewood, Edgewater, Centennial, Littleton, Bloomfield, Denver, Golden, Lone Tree)
There was a slight rise in active inventory of 1.10% year over year (for the Denver metro area-single family and condos).
The strong labor market has home buyers feeling more secure than ever. More than 73% of those polled were not concerned with the possibility of losing their job.
In the Denver Metro area the average sale price in August was $377,551 this includes both single family attached and detached.
The trend in new home construction is for more bedrooms. Homes with 3 or fewer bedrooms have decreased, while homes with 4 or 5 bedrooms have increased.
4 beds 3 baths 2,198 sqft $419,900
A beautiful home in a great neighborhood. Brand new updated kitchen, bathrooms, lower level and more. Close to everything and completely move-in ready.
Construction spending on single-family homes was down slightly in June but up 4.8% over last year. June also saw increased spending on home improvements.
A new trend in kitchen design is to use mixed colors in cabinetry and countertops. A recent survey found 42% of remodelers used multiple colors.
Home price reports show nationwide prices up 5.7% year-over-year in June. Prices are expected to continue to increase at a healthy rate for the next year.
Home price reports show nationwide prices up 5.7% year-over-year in June. Prices are expected to continue to increase at a healthy rate for the next year.
Quick 2016 Colorado market snapshot – Median sale prices for single family homes was $345,000, this is up 8.8% from June of 2015. Town-homes and Condos had a median sales price of $246,000, up 11.8% from June of 2015. Monthly supply overall for both types is down 30% from last year in June. Sellers were able to capture 100% of the list price in June of this year. Average days on the market for homes in June of 2016 was 52 days. Keep in mind that this is for all of Colorado not just Denver.
First Time Homebuyer Savings Account Act recently passed the Legislature after the State Senate gave the bill it’s final approval. Prospective Colorado first time homebuyers, and the State, will benefit by their great work.
A First-time Homebuyer Savings Account (FHSA) allows any Coloradan to set aside up to $50,000 toward the costs of purchasing a new home. The earnings on those funds — interest and capital gains — are free from Colorado state taxes forever. FHSAs are a great way for future homeowners to start saving early for the costs of buying a home. These accounts will be simple and easy to set up. Not only can you open a new one, you can also transfer money from one existing savings account to a FHSA.
Join me for an open house this Sunday June 19th from 12:00 – 4:00pm – 4780 S. Hawthorne St. Englewood, CO 80110
Buyers-If you are looking for the perfect house-THIS IS IT! Check out this one first. The quality of professional touches on this home is unbelievable. Refinished hardwood floor in the living room and three bedrooms. NEW interior paint, NEW windows, NEW kitchen cabinets/counter tops/tile/appliances, NEW bathroom fixtures/tile/vanities, NEW interior and exterior doors, NEW lighting, NEW sewer line, and two NEW patio doors, NEW front lawn/landscaping. Basement bedroom has an egress window. Sprinkler system in the backyard. Huge 13,200 square foot lot awaits an outdoor enthusiast. Lots of room for a large garden, and room to store lots of toys.
The strong labor market has home buyers feeling more secure than ever. More than 73% of those polled were not concerned with the possibility of losing their job.
For week ending August 5, 2015
