Denver home supply tightens as inventory of available homes and condominiums drops 32% compared to a year ago. Total inventory in March of available homes and condominiums stood at 4,112 compared to 6,098 a year ago. Available detached homes accounted for 3,325 which was a 31% decrease while available condos dropped to 787, a 35%…
A 12-story condo tower coming to Sloan’s Lake with the approval from Denver City Council. The approval allowed the Denver-based NAVA Real Estate Development to build a 226 condo tower at 17th Ave and Stuart St. RNL will be the architect and construction is slated for spring of 2016 with an anticipated completion of 14…
The apartment tower called the Confluence is a 288 unit 34-story glass luxury apartment tower located at 15th and Little Raven St. PM Realty has already broken ground and expects completion by 2017. The developer PM Realty Group and partner National Real Estate Advisors LLC purchased the 1.21 acre site located next to Confluence Park…
Denver area home prices sees steady growth while setting a new record average high according to the latest monthly S&P/Case-Shiller Home Prices Index report. The home price index reached 157.39 in November, setting an all-time high while topping October’s index reading of 157.24. This was the 35th consecutive month with year-over-year gain in Denver area…
Developments of condos in Denver metro area makes a cautious comeback as developers navigate the minefield of construction-defect laws. Spire was the last large scale condo development which was built in 2007-2008. Since then, there haven’t been any large scale developments expect for smaller townhomes projects. Spire sold their remaining 75 condos last year which…
RTD vacates Market Street Station, what’s next for the station. RTD is leaving the Market Street Station for the new $480 million, 22-bay underground bus station located on the northwest side of the historic Denver Union Station. The city already has plans to turn the station into a short term 80 space underground parking garage…
Condo and townhome permits surges in March according to Home Builders Association of Metro Denver. A total of 1,740 permits were issued in the first quarter which was a 4.3% increase compared to the 1,668 permits in Q1 of 2013. In Mach, there were 187 townhome permits issued, compared to 67 permits in March of…
Apartment rents for Denver surges despite higher vacancies which rose to 5.2% in fourth quarter of 2013, up from the 4.9% in Q4 of 2012 according to the report published by the Apartment Association of Metro Denver. The increase in vacancies however didn’t immediately push the average rent down mainly because it’s measured year-over-year. Boulder/Broomfield…
Denver home resale prices increased 9% in December 2013 from a year ago, according to the latest S&P Case-Shiller Home Prices Index. This was the 24th consecutive month of year-over-year gain for Denver home prices. Home prices in all 20 metro areas tracked by Case-Shiller showed home prices increased on average 13.4% in December from…
Downtown Denver adds another apartment complex called Verve at 1490 Delgany St. The 10-story, 284 unit luxury apartment complex is currently under construction and expected to be completed May 2014. The developer Opus Group of Denver purchased the land from Amstar of Denver for $9.37 million in January 2012. The apartment complex features include third-floor…
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