Denver Real Estate News (Data and Charts only) (car registration, loans)

[2bindenver]

another good article about Denver's "emerging" downtown (Lower Downtown) Real Estate: Denver Cracks List of Cities Nationwide With Emerging Downtowns | 5280

[Mike from back east]

Here's an article on the real estate boom in Denver - and other big cities.

Here's the caption for the photo of Denver: "Civic and business leaders began work on the city's Lower Downtown neighborhood in 1989 with the issuance of $240 million in bonds. Today LoDo is a trendy 'hood of over 100 restored Victorian warehouses and buildings filled with art galleries, boutiques, local eateries and nightclubs. Now state capital is in the midst of a 20-year, seven-mega project plan to expand the revitalization efforts throughout the rest of the downtown district. Downtown Denver Partnership says the area has welcomed $3.6 billion worth of non-residential public and private investment in in the decade ending 2011, with over $1 billion in public and private development slated to come online this year and in 2014."

I started seeing this years ago on City-Data as people kept posting how they wanted to live in a walkable downtown, etc. Denver is going to be a hot market for years to come; not only do a lot of the young want to live in/near a walkable downtown, a lot of retiring boomers want the same thing. All it takes is money. Based on what I see here on City-Data, people are flocking here.

[2bindenver]

DENVER – April 3, 2013 The latest data from Metrolist®, which powers REcolorado.com, a free resource for Colorado home buyers, sellers and owners, reveals a 46 percent increase in home sales from February and a significant 20 percent jump from March of 2012.

Sellers Seeing Unprecedented Number of Offers for Denver-Area Homes | REcolorado

[2bindenver]

Year-over-year inventory levels continue to be low, home prices are up and average days on market (DOM) for Denver-area homes is down, making for a prime sellers' market according to the latest reports from Metrolist®, which powers REcolorado.com, a free resource for Colorado home buyers, sellers, and owners.

Since July of last year, the number of available homes on the market has continued to shrink. At the close of January, there were only 7,094 homes for sale, which is 8 percent fewer than December figures. While January numbers typically reflect a seasonal slow down, average sale prices remained up 11 percent from this time last year.

Metrolist, Inc.

[davebarnes]

Land Title report highlights rebounding downtown market

Downtown condo sales soar | Inside Real Estate News

Hamilton’s research found that there were 471 condo closings in downtown last year, a 63.5 percent increase from the 288 in 2011.

Lots more

[davebarnes]

Snapshot of state's housing market shows strength

Colorado Association of Realtors provides 1st Quarter Snapshot | Inside Real Estate News

Metro Denver Region (Denver, Jefferson, Adams, Arapahoe, Broomfield, Douglas counties.)
Sales in this region rose 18 percent while median sales price jumped more than 16 percent to $240,000. Prices rose consistently throughout 2012, a trend that continued into the first quarter of this year. One of the consequences of improved prices is that the Affordability Index for Metro Denver has dropped steadily during 2012 and into the first quarter 2013.
Days on the market showed a 29 percent year-over-year drop, the largest drop of any region in the state.
In addition, this region had fewer han 9,100 homes available at the end of the quarter, representing a 2.2-month supply and down about 2000 from the fourth quarter of 2012.

there is much more

[2bindenver]

Homeowners can expect continued decline in assessed property values - The Denver Post

The period for disputing your valuation is quick, you will need sold comparables (comps) from 18 months after the last assessment May of 2011.

[davebarnes]

S&P | February 2013 | Americas

Denver house prices (NSA) fell from January to February.

[davebarnes]

25th, Median (50th) and 75th Percentile Asking Prices for Denver Colorado



Inventory stable a low point

[Prodigal Native]

As someone who is looking to move to Denver, I assure you, this is NOT good news.