Monthly Roundup October: DMAR in the News

CNBC

Denver suddenly has one of the most competitive housing markets in America

It’s a destination for tech workers fleeing the pricey Bay Area and for metropolitan East Coasters looking for more expansive outdoor space. The new work-from-anywhere culture of the coronavirus pandemic is one of the top reasons Denver is experiencing its most competitive housing market in history. Read More

Denverite 

The median price for a single-family home in the Denver area in September: $510,000

Low inventory and demand fueled in part by low-interest rates have put buyers at a disadvantage in the Denver area housing market. The median price for a single-family home was a record $510,000 in September, according to the Denver Metro Association of REALTORS®’ latest monthly report. That was up slightly over August and up 13.33 percent over September 2019. Read More

Denver Business Journal

September resulted in 'toughest market to buy a house in Denver metro's history'

The market continued to break records in those categories last month, when the number of active listings dipped to its lowest point for any September on record by more than 2,000 properties, according to the latest monthly report from the Denver Metro Association of REALTORS®. Read More

See the top Denver-area luxury homes that sold in a record-setting Q3 (Photos)

When Covid-19 first surfaced in Colorado, the luxury home market was expected to be the hardest-hit segment of the Denver-area housing market. Jumbo mortgages were difficult to secure, and buyers looking to move up to larger homes were reconsidering in light of widespread economic uncertainty. Read More

Buyers, move quickly: Denver homes now selling more than twice as fast compared to 2019, report says 

Homes in the Denver metro are now selling more than twice as fast compared to the same period in 2019, according to a recent report from Zillow. In September, the typical home in the Denver area went under contract after six days, a 63% year-over-year decrease in days on market. Read More

Q3 report reveals state of Denver's apartment rental market

The Denver metro's apartment rental market remains stable with flat rates, slightly lower vacancy and an increase in new units, according to the Q3 Denver Metro Area Apartment Vacancy and Rent Survey, which is conducted by the University of Denver’s Daniels College of Business and Colorado Economic Management Associates and published by the Apartment Association of Metro Denver. Read More

9News

September resulted in 'toughest market to buy a house in Denver metro's history'

The market continued to break records in those categories last month, when the number of active listings dipped to its lowest point for any September on record by more than 2,000 properties, according to the latest monthly report from the Denver Metro Association of REALTORS®. Read More

Denver7 

Sept. housing report - lowest active listings ever in metro

CBS Denver

Denver’s Housing Market Remains Tough For Buyers As Inventory Remains Low

The housing market remains one of the toughest in the history of the Denver metro area for buyers. New data released in October shows low inventory of homes for sale while the median price increased for detached homes to $510,000. The number of listings is down compared to the previous month and is less than half what it was this time last year. Read More 

Westword

Most Expensive Denver Homes for Sale Right Now

Over the summer, the average cost of a single family home in Denver blew past $600,000, propelled by strong demand and a limited market. Moreover, the October trends report from the  Denver Metro Association of REALTORS® maintains that sales of luxury properties — those valued at more than $1 million — remain brisk, too. Read More

Denver Home Buyers Face Toughest Market Ever, Report Says

At the outset of the COVID-19 pandemic, some experts expected sky-high home prices in Denver to finally fall. But so far, such predictions have resolutely failed to come true. Read More

5280

It’s Never Been Harder to Buy a Home in Denver

With little inventory and homes selling faster than normal, September was tough time to buy a home in the Denver Metro, according to the Denver Metro Association of REALTORS® (DMAR) Market Trends Report. By the end of September, there were 5,301 active listings—2,215 fewer than any other September on record. However, that didn’t stop buyers. A record 5,850 single-family homes and condos sold last month, and 6,376 homes were pending sale. Read More

Denver Post 

It’s Never Been Harder to Buy a Home in Denver

With little inventory and homes selling faster than normal, September was tough time to buy a home in the Denver Metro, according to the Denver Metro Association of REALTORS® (DMAR) Market Trends Report. By the end of September, there were 5,301 active listings—2,215 fewer than any other September on record. However, that didn’t stop buyers. A record 5,850 single-family homes and condos sold last month, and 6,376 homes were pending sale. Read More

Colorado cities make four of five top spots for best places to live in the U.S.

Colorado cities took four of the top five spots in the U.S. News and World Report listing of the Best Places to Live in the country in 2020-2021. Boulder took the top spot in the annual list, with Denver coming in second place, and Colorado Springs and Fort Collins taking the fourth and fifth spots respectively, according to the rankings. Read more

Mansion Global

Mansion Global Daily: A Growth of Greenhouses, Los Angeles’s Sunset Strip Experiencing a Resurgence, and More

Denver is becoming more popular among buyers from both the East and West coasts looking for more outdoor space since the Covid-19 crisis hit. In September, Denver had 3,041 single-family homes listed for sale, representing less than half of last year’s inventory, and a record-low level, according to the Denver Metro Association of REALTORS®. The median days on the market for listings fell to six days, compared to the record low of nine in September 2015 and 2016. The median prices for single-family and condo homes in Denver hit record highs of $510,000 and $334,752, respectively. Read More

BusinessDen

REALTOR® association: ‘Toughest market to buy a home in metro Denver history’

The inventory of homes in the Mile High City just keeps getting slimmer, and the Denver Metro Association of Realtors is calling this “the toughest market to buy a home in metro-Denver’s history.” Read more

The Gazette

Colorado Springs housing market continues to heat up in September

Temperatures outside may be falling, but the red-hot Colorado Springs housing market shows no sign of cooling off.  Housing prices and sales surged in September while the number of homes on the market fell to a record low, according to a report from the Pikes Peak Association of REALTORS®. Read More

Mile High CRE

Denver Sees Decrease in Number of Cranes and Increase in Construction Costs in Q3

Denver’s construction slowed in the third quarter and construction costs increased, according to international property and construction consultancy firm Rider Levett Bucknall (RLB). The firm’s latest Crane Index and Quarterly Cost Report provide an insightful look at the North American construction industry in 14 key markets. Read More

South Platte Sentinel

Real estate sales continued strong trends in the third quarter

Sterling real estate sales continued strong trends in the third quarter, with signs of normal season declines showing up, according to information from IRES, a MLS system. Andrew Pickens, market analyst for Logan County Board of REALTORS, reports there were 68 sales in the third quarter, which is an 11.5% increase from the same quarter in 2019, and total sales volume was $14,191,980, a 19.8% increase from the same quarter in 2019. Year-to-date total sales volume is $33,831,504, up from $31,330,958 at the same time last year. Read More

The Athletic

Avs fans aren’t always the majority at Pepsi Center

Just ask anyone who has ever spent time around Nikita Zadorov, this man was the Colorado Avalanche’s clapback king. A teammate jokes about one of Zadorov’s fashion choices? Don’t worry. He’s got something to say. You want to ask about his performance? OK, cool. Just be prepared for him to answer while also seamlessly asking critical questions of those pointing fingers in his direction. Rarely, are his words intended to cut deep. He’s just a 6-foot-5 colossus who is always game to verbally spar with anyone about anything. Read More

 

Xinhuanet

Spotlight: Colorado dominates 2020 "Best Places to Live" in U.S.

Four of the five best cities to live in America are in the western state of Colorado, according to the U.S. News and World Report, which published the annual best cities list this week. "Hard to argue with this top 5! Colorado is simply the best," Democratic Governor Jared Polis posted on Facebook on Thursday. The governor's post went viral with 6,000 likes by Friday. Read More

Alamosa News 

The bottom line of the Gallagher Amendment

Voters in Colorado are being asked to repeal Amendment B, also known as the Gallagher Amendment.  At its core, Gallagher is about property taxes…and a whole lot more. Read More