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Denver home sales up 22% in May

Denver home

Denver home sales were up 22% in May according to Metrolist Inc. The report showed a total of 5,665 single family homes and condominiums sold in May, up 20% from April and a 22% increase from the 4,625 sold in May 2012. Denver home resale continued to show strong numbers with a large increase in…

New homes in Denver metro area are up 52%

new homes in Denver

New homes in Denver metro area are up 52% New homes in Denver metro area are up 52% in the first quarter of 2013 compared the 2012’s according Metrostudy. 1,596 homes were started in 1Q compared to 1,050 in 1Q 2012 and year-over-year 6,084 homes were started which was a 60% increase. Metrostudy expects new…

Luxury apartments at Kent Place under construction

Luxury Apartments Denver

Luxury apartments at Kent Place located at University Boulevard and Hampden Avenue are under construction. The development includes King Soopers’s new Fresh Fare concept store. Developer Forum Real Estate Group, LLC is planning to build 300 luxury apartments modeled after the Cherry Hills Village neighborhood and will be called Kent Place Residences. The seven story…

Denver luxury homes selling at a faster rate

Denver Luxury Homes

Denver luxury homes selling at a faster rate Denver luxury homes with an asking price over $1 million are selling twice as fast compared to a year ago according to MLS data. In April, 93 Denver luxury homes sold in the Denver area compared to 44 sold in April of 2012. In addition, April’s number’s showed…

Downtown Denver condos market continues to improve

Downtown Denver condos market continues to improve in 2013! Downtown Denver condos market has come alive again since the Great Recession. A new in-depth report from Land Title Guarantee Co shows the downtown Denver condos market outperformed the overall housing market in 2012 compared to 2011. In 2012 471 condos were sold which was an…

Denver home prices rose again in February

Denver home prices rose again in February which was the 14th months of consecutive increase for Denver area homes according the latest S&P Case-Shiller Home Prices Index. Denver home prices increased 9.9% year over year, up from January’s 9.3%, December’s 8.5%, November’s 7.8% and October’s 6.9%. This was the largest increase since the recession and…

Denver Home Sales at Highest Value Since 2007

According to the latest S&P/Case-Shiller Home Price Index, Denver metro area home resales averaged 34.17% higher than they were in January 2000, which is generally considered a benchmark in the local housing market.  Denver’s peak index reading was 140.28% in August 2006. Denver’s price gains have been consistently increasing and for the past several months…

Denver Real Estate Turns Around in 2012

denver real estate

A change has emerged in the Denver real estate market remarkably for 2012 which appears to emerge as a very strong recovery.  Preliminary indications seem to show a strengthening market which is stronger than many others in the country. Most of the homes have been sold in the price range of $100,000 to $499,999.  Condominium prices…