Monthly Roundup November: DMAR in the News

CNBC

Homeowners and buyers are the real winners in this election

Volatility surrounding the 2020 presidential election has helped push mortgage rates to their 12th record low this year, giving both homeowners and buyers a boost. Read More

5280

Denver’s Average Single-Family Home Price Surpasses $625,000 for First Time 

Halloween wasn’t the only thing that looked different in October. As families found new ways to trick-or-treat and households got creative passing out candy, Denver’s real estate market showed no signs of slowing down as it typically does this time of year. Instead, October was another record-breaking month. Read More

BusinessDen

October housing market saw continued low inventory and high demand

9News

Record-Setting Month for Denver Real Estate 

Denver7

October home sales: listings still down and prices still going up

CBSN

Savvy Sellers Capitalize On Record High Home Prices, Record Low Inventory In Denver

October was another impressive month in the housing market, with a record high average of home sales price and a record low figure of inventory, according to a report released Thursday by the Denver Metro Association of REALTORS®. Agents say the trend is a surprise when there is usually a slowdown after the summer and into the holiday season. Read More

Denverite

What’s it like to shop for a home in “the toughest market to buy a house in Denver metro history”?

After a year renting a 500-square-foot, garden-level apartment in Highland, Kimmy and JJ Strat wanted something bigger, and they wanted to buy. That was in 2018. “We were just a little bit discouraged at what we could afford,” JJ said. Read More

October’s median price for a single family home was $519,900

October’s median price for a single-family home — $519,900 — was up 1.94 percent over September and up 14.26 percent over October of 2019, according to the Denver Metro Association of REALTORS®’ latest monthly report. Read More

Denver Business Journal 

Here’s how many Denver-area homes are selling above list price — and by how much

Roughly 30% of the Denver-area homes that sold in September traded above their list price — more than double the percentage from the same period a year ago, according to a new study by Zillow. Read More

Record-breaking October adds fuel to Denver-area home market

October marked a continuation of the main themes that have defined the for-sale housing market in the Denver metro since early summer: low inventory, steep competition and rising prices. Read More

With historic interest rates, Denver vets race to refinance their homes

Denver-area veterans took advantage of U.S. Department of Veterans Affairs home loans in 2020 at more than double the volume in 2019, fueled by low interest rates and recent legislation that lifted some restrictions. Read More

The Denver Post

Metro Denver’s housing market has staying power, but it will need to get through a bumpy winter

Metro Denver’s housing market seems unstoppable, setting record after record in the resale market and leading the country for the gain in pending new home sales. But the rising tide of COVID-19 cases and the economic disruption they will trigger are raising concerns about the staying power of the housing recovery both here and across the country. Read More 

Homebuilders in metro Denver on track for an unexpectedly stellar year, despite pandemic

Facing a slim inventory of existing homes for sale, Denver buyers are snapping up new homes at the fastest pace in the country, a rebound so strong that it has caught local builders off guard. Read More

October another frenzied month for metro Denver’s housing market

Anxious buyers in metro Denver pushed up home prices to record levels in October and accepted increasingly unfavorable terms as they battled over a dwindling supply of homes for sale, according to the latest Market Trends Report from the Denver Metro Association of REALTORS®. Read More

Yahoo Finance

Why Pure Cycle Corp (PCYO) Stock is a Compelling Investment Case

According to the Denver Metro Association of REALTORS®, September was the “toughest month to buy a house in Denver Metro’s history,” with just 5,301 total active listings, and 3,041 detached single family listings (almost half of the previous low). The median house stayed on the MLS for just six days. Inventory – especially at the entry level – is scarce, mortgage rates are low, and Denver’s population is growing. Read More

Mansion Global Daily

Mansion Global Daily: A Sellers Market for Ski Homes, Suburban Seattle Home Prices Surge, and More

Denver home prices reached new highs last month, as the Rocky Mountain metro defied the usual fall slowdown. The average single-family home prices in the Denver area hit $625,100 in October, up 18% over a year ago and well beyond the last price record set in July, according to new data from the Denver Metro Association of REALTORS®. Even condos and townhouses saw record prices last month, climbing to a median sale price of $393,733. Read More

Westword

Why the Average Home Price in Denver Blew Past $625K

Another month, another record for the Denver housing market, which remains red-hot despite the COVID-19 crisis. According to the November market-trends report from the Denver Metro Association of REALTORS®, the average closing price for a detached home in the Mile High now sits at more than $625,000, surpassing the old mark by nearly $20,000. Read More

Commercial Observer

Sun Belt, Mountain West Emerge As U.S. Investor Safe Havens During COVID

As the coronavirus continues to rock the biggest and most profitable cities in the country, investors and lenders alike are scouring secondary markets for safe havens — or investments that won’t lose value when the market gets rough. Read More

PRWeb

REcolorado Names Roya.com as their New Website Partner

REcolorado is the largest Multiple Listing Service (MLS) in Colorado with more than 25,000 professional subscribers who operate throughout the state. It is REALTOR owned and serves Denver Metro Association of REALTORS®, Mountain Metro Association of REALTORS®, REALTORS® of Central Colorado, South Metro Denver REALTOR® Association, and Steamboat Springs Board of REALTORS®. Read More

National Mortgage News 

Homebuilders in metro Denver on track for an unexpectedly stellar year

Facing a slim inventory of existing homes for sale, Denver buyers are snapping up new homes at the fastest pace in the country, a rebound so strong that it has caught local builders off guard. "During the initial stages of the pandemic in late March, especially when the stay-at-home orders were in place during all of April, no builder thought that demand would return the way that it did," said John Covert, regional director for Zonda, a real estate analytics firm. "Sales rebounded sharply through the summer and early fall to the point where many builders will not only exceed 2019 sales but will likely have their best year ever." Read More

 

Mile High CRE 

Demand for Denver Condos Remains Strong

2020 has brought about dramatic and long-lasting changes to just about every area in American’s lives, including the real estate market, which has long been considered a safe haven for investment. Reports from around the country indicate the sale of multi-family units have plummeted in densely populated areas on the coastlines of America. The same can not be said of Denver. The demand for condos and other multi-family units has remained strong throughout the second and third quarters of 2020. Read More