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Old 03-10-2015, 09:45 PM
 
Location: The Berk in Denver, CO USA
13,949 posts, read 20,201,871 times
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Quote:
Originally Posted by tcbelvis View Post
Front Range to Albuquerque by 2050?
I would include Fort Collins.
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Old 03-23-2015, 08:57 AM
 
Location: The Berk in Denver, CO USA
13,949 posts, read 20,201,871 times
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Default Jeffco on sale today and today only!

Jefferson County foreclosures spike

"Jefferson County experienced a 232 percent spike in foreclosure activity in February, according to a national report."

There is more.
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Old 03-23-2015, 10:35 AM
 
5,444 posts, read 4,814,648 times
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Quote:
Originally Posted by davebarnes View Post
Jefferson County foreclosures spike

"Jefferson County experienced a 232 percent spike in foreclosure activity in February, according to a national report."

There is more.
It was only a matter of time. These foreclosures had to catch up with us at some point.

"However, the increase is almost certainly due to a backlog caused by lawsuits filed by the Colorado Attorney Genera’s office against several large law firms, and not because of more people losing their homes."
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Old 03-23-2015, 11:26 AM
Status: "Celebrating 30 years as a Broker" (set 20 days ago)
 
Location: Just south of Denver since 1989
10,885 posts, read 29,313,834 times
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I would also guess that these could be 2nds - the Seller's entered bk and did not reconfirm the debt owed to the 2nd mortgage.
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Old 03-23-2015, 03:19 PM
 
Location: Arvada, CO
13,227 posts, read 24,320,982 times
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Quote:
Originally Posted by David Aguilar View Post
Out beyond the c/c of Denver, a house the block down from me went active on Feb 25, and is under contract as of Mar 2. It was listed at $269K, and I'm hoping it sold for well over that.
House in question went for $300K. I paid about an 1/8 less than that for a much nicer house, 13 months ago.
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Old 03-23-2015, 04:24 PM
 
5,444 posts, read 4,814,648 times
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Quote:
Originally Posted by David Aguilar View Post
House in question went for $300K. I paid about an 1/8 less than that for a much nicer house, 13 months ago.
I've witnessed the exact same thing down in Castle Rock. Multiple houses within a street or two of me have gone up for sale and under contract within a week. One particular house had their asking price at 330K. We only paid 270K for ours just over a year ago. Our houses have roughly the same square footage, same lack of upgrades (builders grade from 2006), but we do have a 700Sq Ft basement and they don't. I'm curious if they got their asking price or close to it.
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Old 03-31-2015, 08:42 AM
 
2,409 posts, read 2,628,232 times
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Apparently the last 12 months home prices went up 8.4%. Does anyone recall what the figure was for the previous 12 months?
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Old 03-31-2015, 09:06 AM
 
Location: Denver and Boston
1,701 posts, read 1,528,732 times
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We're #1!
We're #1!
We're #1!
We're #1!
We're #1!

By my calculation (I only spent 5 minutes on it so it could be wrong), Denver (8.4%) is now #1 out of the Case Shiller 20 over the past 12 months, just beating out Miami at 8.3%.



Quote:
Originally Posted by AmFest View Post
Apparently the last 12 months home prices went up 8.4%. Does anyone recall what the figure was for the previous 12 months?
8.9%
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Old 03-31-2015, 09:13 AM
 
Location: The Berk in Denver, CO USA
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Quote:
Originally Posted by AmFest View Post
Apparently the last 12 months home prices went up 8.4%. Does anyone recall what the figure was for the previous 12 months?
These are nominal numbers (not inflation adjusted):

Jan 2015 158.46 8.4%
Jan 2014 146.21 9.0%
Jan 2013 134.17 9.1%
Jan 2012 122.92 0.0%
Jan 2011 122.73

Charts at Case-Shiller for Denver-Aurora-Broomfield CO Metropolitan Statistical Area
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Old 03-31-2015, 03:48 PM
 
Location: Phoenix, AZ
1,802 posts, read 2,072,227 times
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Quote:
Originally Posted by davebarnes View Post
These are nominal numbers (not inflation adjusted):

Jan 2015 158.46 8.4%
Jan 2014 146.21 9.0%
Jan 2013 134.17 9.1%
Jan 2012 122.92 0.0%
Jan 2011 122.73

Charts at Case-Shiller for Denver-Aurora-Broomfield CO Metropolitan Statistical Area
A different source shows the following separated between resales and new homes:

Resale
Year YOY Increase
Current 12.8%
2014 8.6%
2013 11.2%
2012 11.0%
2011 -2.0%

New Homes
Year YOY Increase
Current 12.7%
2014 6.9%
2013 12.1%
2012 8.7%
2011 2.8%

Source: John Burns Real Estate Consulting
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