Monthly Roundup December: DMAR in the News
Our Association caught the attention of several major media outlets this month including Inman, Denver Business Journal, Denver Real Estate Watch and the Englewood Herald.
Inman
3 tips for working with millennial first-time homebuyers - by Ann Turner, CEO of DMAR
Millennials are entering their prime homebuying years. This, coupled with job gains and rising household formations overall, is leading many millennials to enter the housing market for the first time — albeit with trepidation. Read more...
Denver Business Journal
Average metro Denver condo price approaches $300K, led by hot luxury market
The average price of attached homes, or condos and townhomes, in metro Denver crept closer to the $300,000-mark in November, increasing by 7.4 percent year-over-year to $296,919, according to the latest data from the Denver Metro Association of REALTORS®. Read more...
DBJ Offices: Tour the Denver Metro Realtors' snazzy new DTC space
The Denver Metro Association of REALTORS® has grown in recent years as a result of mergers and overall expansion in the residential real estate industry, and its headquarters in the Denver Tech Center reflect the organization's need for space for those members. Read more...
Largest residential real estate group to get involved in selected historic designation cases
The metro area's largest residential real estate industry organization, the Denver Metro Association of REALTORS®, will now get involved case-by-case with so-called "hostile" historic designation attempts, a controversial mechanism within Denver's municipal code that has been used to thwart new development in certain neighborhoods. The position is a change for DMAR in historic designation cases, which involve applications for historic designation on a property against the property owner's wishes. The designations are allowed under a revision to the city's landmark preservation rules, first adopted in 1967. Read more...
Denver Real Estate Watch
November home prices rise
Denver-area home prices rose more than 11 percent in November from November 2015, according to a report released on Monday by the Denver Metro Association of Realtors. The average price of all homes sold topped $400,000 for the first time in a November, shows the DMAR report. The average sales price of all homes was $405,262, up 11.39 percent from $363,818 a year earlier. The average home price was even 1.9 percent higher than the average price of $397,778 in October.
Englewood Herald
A year of change, tragedy and triumph
Home prices and rental rates continued to rise in 2016. By the end of October, the median sales price for a single-family home in most south metro communities had risen to more than $400,000, according to figures provided by the Denver Metro Association of REALTORS®. Meanwhile, renters were looking at a median rate of more than $1,500 a month to live in a two-bedroom apartment, according to apartmentlist.com. Read More...
