June 2017 Denver Real Estate Statistics

June 2017 Real Estate Statistics

The June 2017 Denver Real Estate Statistics continue to show how busy the early summer season is for Denver real estate. The number of sold homes was up 4.18% and the number of new listings increased by 5.25%, both the highest they’ve been all year and good news for buyers and sellers. The median sales price dropped 1.29% to $385,000, while the price per square foot increased to $206. The average days on market was down again this month by 5.27%. Average 30 year fixed-rate mortgage rates rose for the first time in months to 4.03% and are not expected to drop again in 2017. These June 2017 real estate statistics confirm yet another busy summer real estate market here in Denver.

June 2017 Denver Real Estate Statistics

May 2017 Denver Real Estate Statistics

May 2017 Denver Real Estate Statistics

The May 2017 Denver Real Estate Statistics show a big jump into the busiest season of Denver real estate. The number of sold homes was up 16.8% and the number of new listings is higher than it has been all year. The median sales price also continues to rise and is now $390,000. Compare that to last year’s May median sales price of $355,000. The average days on market is down again this month by 9.53%. Average 30 year fixed-rate mortgage rates dropped again to 3.91% although they were expected to rise throughout 2017.  These May 2017 real estate statistics confirm yet another busy spring real estate market here in Denver. It continues to be a strong seller’s market, and we don’t expect to see that change in the coming months.

May 2017 Denver Real Estate Statistics

 

April 2017 Real Estate Statistics

April 2017 Real Estate Statistics

The April 2017 Real Estate Statistics show that the 2017 Spring Denver real estate market is as busy as its ever been. The median sales price has increased by 1.34% but the number of sold homes and new listings show slightly less inventory than we had in March. Let’s hope these numbers increase for the month of May. The high demand for homes and drop in inventory explains the decrease for the average days on market, which fell by 22.23%. The median sales price also continues to rise and is now $375,000. Compare that to last year’s April median sales price of $346,975, prices are rising fast! Average 30 year fixed-rate mortgage rates dropped for the second straight month to 4.05% even though they were expected to rise throughout 2017.  These April 2017 real estate statistics show yet another busy spring real estate market here in Denver.

April 2017 Real Estate Statistics

 

March 2017 Real Estate Statistics

March 2017 Real Estate Statistics

March 2017 Real Estate Statistics

The March 2017 Real Estate Statistics show a strong upswing to the 2017 Spring Denver real estate market. Although the price per square foot is down by 26.65%  the median sales price increased to $370,000. That’s up 4.87% from last month. The number of sold homes also increased by 32.92% and new listings show 31% more inventory than we had in February. Average 30 year fixed-rate mortgages were the big surprise in March. Rates dropped slightly to 4.08% in a year when they are expected to rise.  These March 2017 real estate statistics show yet another busy spring real estate market here in Denver.

DenverStatsMarch2017

 

February 2017 Real Estate Statistics

February 2017 Real Estate Statistics

Signs of Spring in the February 2017 Real Estate Statistics

These February 2017 Real Estate Statistics show signs of another busy spring real estate market with home prices and the number of listings rising over previous months.  The number of houses sold was down slightly by 1.81%, but the number of new listings rose substantially, for the second consecutive month, jumping 15.56 %. Sellers are enjoying a large increase in the price per square foot, rising for the third straight month, up 26.28%.  This has also meant the medium sales price for homes has risen as well. This is not surprising, considering Denver continues to be a desirable city to live.

Average 30-year fixed mortgage rates continue to rise with the largest increase we’ve seen in months, .15 points. Although there continued to be more homes to choose from, the average days for those homes to be on market dropped 3.o4% from January. The market is definitely showing signs of growth as we head into Spring.

February 2017 Real Estate Statistics

 

Denver’s Hottest Neighborhoods 2016

Denver's Hottest Neighborhoods 2016

The annual pace of rising home values is 7.2% nationally, but Denver averaged a year over year rise in value of 8.9%. Here’s the list of Denver’s Hottest Neighborhoods 2016.

Washington Virginia Vale

This Southeast Denver neighborhood spans from Quebec to S Dahlia St, and Cherry Creek North Dr to Alameda.
Median sales price in 2016: $335,000
Number of homes sold in 2016: 233
Average number of days a listing remained on the market: 20
Rise in median sales price since 2014: 42.6%

Overland

This Southwest Denver neighborhood spans from South Broadway to South Platte River Dr, and Mississippi to Yale Ave.
Median sales price in 2016: $360,000
Number of homes sold in 2016: 29
Average number of days a listing remained on the market: 22
Rise in median sales price since 2014: 41.7%

Globeville

This Northwest Denver neighborhood lays where I-70 and I-25 intersect, spanning from The South Platte River to Inca St, and 52nd Ave to The City of Cuernavaca Park.
Median sales price in 2016: $250,000
Number of homes sold in 2016: 37
Average number of days a listing remained on the market: 16
Rise in median sales price since 2014: 39.1%

Hampden South

This Southeast Denver neighborhood spans from Yosemite to I-25, and Hampden to I-225/Belleview Ave.
Median sales price in 2016: $279,900
Number of homes sold in 2016: 327
Average number of days a listing remained on the market: 21
Rise in median sales price since 2014: 37.5%

Goldsmith

This Southeast Denver neighborhood spans from Quebec to I-25, and Evans Ave to Yale Ave.
Median sales price in 2016: $345,000
Number of homes sold in 2016: 71
Average number of days a listing remained on the market: 20
Rise in median sales price since 2014: 37.5%

Cheesman Park

This Southeast Denver neighborhood spans from York St. to Downing St., and Colfax to 8th Ave.
Median sales price in 2016: $335,000
Number of homes sold in 2016: 179
Average number of days a listing remained on the market: 23
Rise in median sales price since 2014: 35.8%

Barnum

This Southwest Denver neighborhood spans from Federal to Perry St, and Alameda to 6th Ave.
Median sales price in 2016: $245,000
Number of homes sold in 2016: 74
Average number of days a listing remained on the market: 15
Rise in median sales price since 2014: 34.7%

Denver’s hottest neighborhoods also include the following which have seen over a 30% rise in median sales prices since 2014: Elyria Swansea, Villa Park, Sun Valley, College View, South Platte and Windsor

Denver's Hottest Neighborhoods 2016


Denver information and statistics gathered from Metrolist, Inc. REColorado’s MLS powered by Matrix.
National information and statistics gathered from Corelogic HomePrice Index.

Denver Metro Real Estate Statistics 2016

Denver Metro Real Estate Statistics 2016

A Look Back At The Denver Market in 2016

The Denver Metro Real Estate Statistics 2016 show a slight slowing in the market over 2015. Home values were on the rise as reflected in the median sales price of $345,000, but listings were fewer and the average number of days on the market rose by 4.2% from 2015. Interest rates remained low, and demand remained steady for residential single family homes and condos in the Denver Metro area. A continued rise in interest rates is expected in 2017, but with inventory still much lower than the demand as shown by the 100.2% list price to sales price ratio, it should be another busy year for real estate in the Denver Metro area.

Denver Metro Real Estate Statistics 2016

 

January 2017 Real Estate Statistics

January 2017 Real Estate Statistic

A Cautious Start to 2017

These January 2017 Real Estate Statistics show us again that January is the slowest month in the Denver Real Estate market. This holds true to the start of this year, which shows the number of homes sold down 27.8% from December. The number of new listings, however, rose substantially to 3,512. With Denver still being one of the most desirable cities to live in, this is great news for active buyers. There’s good news for sellers too with the price per square foot rising for the second straight month, up 3%.  As the start of the busy season approaches it will be interesting to see how these statistic might change.

Average 30-year fixed mortgage rates continue to rise, just slightly, with a .03% increase. With more homes to choose from, the average days for those homes to be on market rose too, up 6.07% from December. This gives buyers a little more time to consider making an offer on available homes.

January 2017 Real Estate Statistic

December 2016 Real Estate Statistics

December 2016 Real Estate Statistic

A Slow End to 2016

The December 2016 Real Estate Statistics showed a continued decline as the market put on the brakes for the third straight month.  The number of new listings dropped again,  this time by 33% from November.  Active buyers in December had few homes to choose from, although the price per square feet rose for the first time in a few months.  As spring begins to unfold it will be interesting to see how these slight trends will change.

Average 30-year fixed mortgage rates jumped above 4% in December.  This rise is likely to be an ongoing trend for the foreseeable future.  There continues to be less homes for buyers to choose from and homes are remaining on the market for an average of 31 days.  This gives buyers a little more time to consider making an offer on available homes.  These December 2016 real estate statistics also show typical seasonal slowing in the real estate market here in Denver.

December 2016 Real Estate Statistic

November 2016 Real Estate Statistics

November 2016 Real Estate Statistics

Market Continues to Put on the Brakes

The November 2016 Real Estate Statistics show what we all felt as the market put on the brakes for the second straight month. The number of new listings jumped way down by 28% from October.  There continues to be some uncertainty about the 2017 market on top of continued seasonal slowing. Active buyers in November had far less homes to choose from compared to previous months. We will all be watching to see what happens in the new year.

Average 30-year fixed mortgage rates continued to climb in November.  This is likely to be a trend that will continue into the new year.  There continues to be less homes for buyers to choose from and homes are remaining on the market for an average of 28 days.  This gives buyers a little more time to consider making an offer on available homes.  These November 2016 real estate statistics also show typical seasonal slowing in the real estate market here in Denver.

November 2016 Real Estate Statistics

 

 

October 2016 Real Estate Statistics

October 2016 Real Estate Statistics

Market Puts on the Brakes

The October 2016 Real Estate Statistics show what we all felt as the market put on the brakes. The number of new listings jumped way down by 19% from September. There is some speculation that this was due to fears and uncertainty around the election, on top of continued seasonally slowing as we head into the winter months. Active buyers in October had far less homes to choose from. It’s likely that the number of new listings will continue to decline as potential sellers wait to see what happens in the new year.

Average 30 year fixed-rate mortgage rate crept ever so slightly up in October and is expected to continue to rise in the upcoming months. Even though there are now less homes for buyers to choose from, homes are remaining on the market for an average of 24 days, around the same pace as homes at this time last year. This gives buyers a little more time to consider making an offer on available homes. These October 2016 real estate statistics also show more seasonal slowing in the real estate market here in Denver.

October 2016 Real Estate Statistics

September 2016 Real Estate Statistics

Seasonal Slowing

The September 2016 Real Estate Statistics show continued seasonally slowing as we head into the winter months. We are seeing a continued decline in the median sales price, down to $2,500 over the previous month. Also continuing to decline is the number of new listings, down an additional 6.8% from August.

With the average 30 year fixed-rate mortgage rate very close to it’s lowest since 2013 it’s a great time for buyers to jump into the market. Even though there are now less homes for buyers to choose from, homes are remaining on the market slightly longer than they have been this spring and summer. This gives buyers a little more time to consider making an offer on available homes. These September 2016 real estate statistics show typical seasonal slowing in the real estate market here in Denver.

September 2016 Real Estate Statistics