Colorado Real Estate News & Denver Real Estate Statistics Blog

In addition to being a collector of Denver real estate news and a generator of Denver real estate statistics, I will use this to share my experience, view point, and advice as a Denver Realtor & Denver real estate agent.

Oct. 14, 2021

Denver Realtor Reviews: Colorado Real Estate Market Report September 2021

Denver Realtor Reviews: Colorado Real Estate Market Statistics for September 2021

Real Estate Market Statistics for the metro Denver area, Colorado Springs Pikes Peak region, and Northern Colorado. 

Metro Denver Colorado Real Estate Market Statistics as of September 2021

Denver metro is generally composed of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson Counties. Metro Denver in Colorado saw a 41.9% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the Denver front range which includes Denver, Aurora, Lakewood, Thornton, Arvada, Westminster, Centennial, and Highlands Ranch as the largest cities in the area saw a 0.8% increase in new listings and an 11.3% decrease in closed home sales. The median home price in Denver metro increased by 15.9% from $455,000 to $527,500.

Colorado Real Estate Market Report South Metro Denver REALTOR Association September 2021

Southern Front Range Colorado Real Estate Market Statistics as of September 2021

Colorado Springs is generally composed of El Paso County and Teller Counties. The Pikes Peak region in Colorado saw an 11.0% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the southern front range around Colorado Springs, which includes Colorado Springs, Monument, Falcon, Fountain, Manitou Springs, and Woodland Park saw a 37.9% increase in new listings and a 4.3% decrease in closed home sales. The median home price in Colorado Springs metro increased by 9.6% from $415,000 to $455,000

Colorado Real Estate Market Report Pikes Peak MSA September 2021

Northern Colorado Real Estate Market Statistics as of September 2021

Northern Colorado is generally composed of Boulder, Larimer, Logan, Moran, and Weld Counties. The Northern Front Range region in Colorado saw a 58.2% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the northern front range area that includes Boulder, Broomfield, Fort Collins, Greeley, Longmont, and Loveland saw an 11.2% decrease in new listings and a 12.0% decrease in closed home sales. The median home price in northern Colorado increased by 11.6% from $430,000 to $480,000.

Colorado Real Estate Market Report Northern Front Range MSA September 2021

Sept. 27, 2021

Colorado Real Estate News September 2021

 

 
 
 
Colorado Real Estate News
Colorado Home Loan Originators Brandon Gibson & Christopher Gibson - www.GibsonHomeLoans.com
Published by
Chris Gibson & Brandon Gibson
24 September 2021
Read paper →
Stories Homes & Trends For Realtors Colorado Mortgages Super Local Leisure #emmy #emmys2021
 
I know you expect me to be in the know when it comes to real estate news in and around Denver and Colorado, and now you can be too. I hope you find this latest version of my newsletter interesting and helpful. I can not thank you enough for all the referrals. Have a great day! 

Best regards,
Chris Gibson
720-394-8861


 
 
Denver Metro’s real estate market may be changing with the seasons. But what does it mean for buyers and sellers?
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail denverpost­.com - After a year of record-breaking buying and selling activity in Colorado, it appears the red-hot market is cooling off and settling back into its typical trends.
Ten Things to Do for Free in Denver This Week
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail westword­.com - The days are getting shorter, but this week is long on free entertainment in Denver.
Where Colorado Is (and Isn't) Growing
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail westword­.com - Nearly half of Colorado counties saw housing unit shrinkage.
Despite Sky-High Prices, Today’s Homebuyers Aren’t Paying More Than They Can Afford
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail realtor­.com - In today’s wild housing market, it may seem that the only successful homebuyers are either uber-rich or now house poor after spending everything they had on an overpriced home.
Farm-Fresh Colorado Crops: Palisade Peaches, Pueblo Green Chiles & More
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail colorado­.com - Cool nights and sunny days make Colorado crops, such as melons, peaches, corn, grapes, berries, squash and pumpkins, fresh and full of flavor. Take a tour of the state as we show off Colorado’s homeg…
Demand for Second Homes Fell 19% Year Over Year in August
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail redfin­.com - Still, interest in second homes will likely remain above pre-pandemic levels due to the permanent shift to remote work for many Americans.
Colorado Real Estate Market Report August 2021
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail gibsonhomeloans­.com - Colorado Real Estate Market Report and Statistics - Check out the latest real estate market statistics and market reports for Colorado
Homeowner survey’s shock findings
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail mpamag­.com - Nerdwallet poll finds almost two-thirds of home buyers had regrets
Denver's red hot housing market balancing out, but experts say it's not a cooldown
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail thedenverchannel­.com - While the trend favors buyers, it’s also working out in favor of sellers who previously thought they couldn’t afford to move within the Denver market.
 
 
 
StoriesHomes & TrendsFor RealtorsColorado MortgagesSuper LocalLeisure#emmy#emmys2021
 
Read paper →
 
 
Sept. 22, 2021

Denver Realtor Reviews: Colorado Real Estate Market Report August 2021

Denver Realtor Reviews: Colorado Real Estate Market Statistics for August 2021

Real Estate Market Statistics for the metro Denver area, Colorado Springs Pikes Peak region, and Northern Colorado. 

Metro Denver Colorado Real Estate Market Statistics as of August 2021

Denver metro is generally composed of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson Counties. Metro Denver in Colorado saw a 50% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the Denver front range which includes Denver, Aurora, Lakewood, Thornton, Arvada, Westminster, Centennial, and Highlands Ranch as the largest cities in the area saw a 6.6% decrease in new listings and a 6.5% decrease in closed home sales. The median home price in Denver metro increased by 16.5% from $455,000 to $530,000.

Colorado Real Estate Market Report South Metro Denver REALTOR Association August 2021

Southern Front Range Colorado Real Estate Market Statistics as of August 2021

Colorado Springs is generally composed of El Paso County and Teller Counties. The Pikes Peak region in Colorado saw a 25.3% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the southern front range around Colorado Springs, which includes Colorado Springs, Monument, Falcon, Fountain, Manitou Springs, and Woodland Park saw a 28.5% increase in new listings and no change in closed home sales. The median home price in Colorado Springs metro increased by 14.6% from $397,000 to $455,000

Colorado Real Estate Market Report Pikes Peak MSA August 2021

Northern Colorado Real Estate Market Statistics as of August 2021

Northern Colorado is generally composed of Boulder, Larimer, Logan, Moran, and Weld Counties. The Northern Front Range region in Colorado saw a 61.8% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the northern front range area that includes Boulder, Broomfield, Fort Collins, Greeley, Longmont, and Loveland saw an 8.2% decrease in new listings and a 12.0% decrease in closed home sales. The median home price in northern Colorado increased by 11.4% from $430,850 to $480,000.

Colorado Real Estate Market Report Northern Front Range MSA August 2021

Aug. 17, 2021

Colorado Real Estate News August 2021

 

 
 
 
Colorado Real Estate News
Colorado Home Loan Originators Brandon Gibson & Christopher Gibson - www.GibsonHomeLoans.com
Published by
Chris Gibson & Brandon Gibson
13 August 2021
Read paper →
Stories For Realtors Homes & Trends Colorado Mortgages Leisure Super Local
 
I know you expect me to be in the know when it comes to real estate news in and around Denver and Colorado, and now you can be too. I hope you find this latest version of my newsletter interesting and helpful. I can not thank you enough for all the referrals. Have a great day! 

Best regards,
Chris Gibson
720-394-8861


 
 
Denver housing market increases inventory, but demand continues to push prices upward
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail thecentersquare­.com - Denver’s housing market increased its inventory by nearly 30% last month, but experts say it won’t be enough to shift the market in favor of homebuyers.
I-70, Wildfires And RTD: Here’s What’s In The Senate’s Trillion-Dollar Infrastructure Deal
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail cpr­.org - The state's congressional delegation has been pushing for money for roads, public transit, fighting wildfires and water projects.
Meow Wolf Denver just announced its opening date, name, theme, and ticket sales
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail denverite­.com - This September, Convergence Station will transport Denverites into new dimensions.
Colorado Real Estate Market Report July 2021
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail gibsonhomeloans­.com - Colorado Real Estate Market Report and Statistics - Check out the latest real estate market statistics and market reports for Colorado
How to Win in a Red-Hot Housing Market
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail kiplinger­.com - Whether you’re a buyer or a seller, these strategies will help you get the best deal.
More listings cutting home prices in latest sign the housing market is starting to shift
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail bizjournals­.com - Prices are dropping for a higher percentage of home listings in the latest sign the Covid-19-fueled housing market may have peaked.
This is not 2008 all over again for the housing market
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail housingwire­.com - When you hear people say the current housing market is like 2008, you should remind them of the huge differences between then and now.
Rise in Affordable Listings Gives First-Timers Hope
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail magazine­.realtor - As the market begins to shift in buyers’ favor, more frenzied activity could be in store later this year.
Housing boom is over as new home sales fall to pandemic low
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail cnbc­.com - After a year of frenzied buying and price gains in the double digits, newly built homes are now out of reach for much of the demand that remains in the market.
Colorado’s urban open space past haunts the future of development and community life
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail coloradosun­.com - Colorado residents and developers battle over some of the last open urban spaces as growth pressures rise.
5 Very Important Checklist Items Before Selling Your Home - Realty Times
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail realtytimes­.com - Before selling your home, you’ll want to make sure it is ready to be seen by potential buyers. Follow the next five steps to ensure that your house se...
Your Favorite Homes in July 2021
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail cohomeblog­.recolorado­.com - These are the ten most liked homes from July! These homes are spread throughout the DMA , showcasing a variety of homes in a variety of neighborhoods!
How homebuyers can compete in a strong seller’s market
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail bankrate­.com - With housing inventory still lagging, sellers continue to have the upper hand.
 
 
 
StoriesFor RealtorsHomes & TrendsColorado MortgagesLeisureSuper Local
 
Read paper →
 
 
Aug. 12, 2021

Denver Realtor Reviews: Colorado Real Estate Market Report July 2021

Denver Realtor Reviews: Colorado Real Estate Market Statistics for July 2021

Real Estate Market Statistics for the metro Denver area, Colorado Springs Pikes Peak region, and Northern Colorado. 

Metro Denver Colorado Real Estate Market Statistics as of July 2021

Denver metro is generally composed of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson Counties. Metro Denver in Colorado saw a 49.8% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the Denver front range which includes Denver, Aurora, Lakewood, Thornton, Arvada, Westminster, Centennial, and Highlands Ranch as the largest cities in the area saw a 1.6% decrease in new listings and a 14.0% decrease in closed home sales. The median home price in Denver metro increased by 17.6% from $455,000 to $535,000.

Colorado Real Estate Market Report South Metro Denver REALTOR Association July 2021

Southern Front Range Colorado Real Estate Market Statistics as of July 2021

Colorado Springs is generally composed of El Paso County and Teller Counties. The Pikes Peak region in Colorado saw a 35.7% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the southern front range around Colorado Springs, which includes Colorado Springs, Monument, Falcon, Fountain, Manitou Springs, and Woodland Park saw a 21.3% increase in new listings and a 12.5% decrease in closed home sales. The median home price in Colorado Springs metro increased by 14.3% from $424,500 to $485,000

Colorado Real Estate Market Report Pikes Peak MSA July 2021

Northern Colorado Real Estate Market Statistics as of June 2021

Northern Colorado is generally composed of Boulder, Larimer, Logan, Moran, and Weld Counties. The Northern Front Range region in Colorado saw a 63.7% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the northern front range area that includes Boulder, Broomfield, Fort Collins, Greeley, Longmont, and Loveland saw a 10.8% decrease in new listings and a 12.5% decrease in closed home sales. The median home price in northern Colorado increased by 18.5% from $413,500 to $490,000.

Colorado Real Estate Market Report Northern Front Range MSA July 2021

July 28, 2021

Weekly Search: Homes Near Westminster Castle

We created a search of homes for sale in Westminster Colorado that are near Westminster Castle. You can view those results here:

https://www.realtyofco.com/westminster-castle/

On May 26, 2021, I enjoyed the sunset at Westminster Castle in Colorado. Below you will find my favorite 360-degree panoramas, a short aerial video I created, and some of my favorite stills.

AERIAL 360 DEGREE PANORAMA FROM WESTMINSTER CASTLE IN COLORADO

AERIAL 360 DEGREE PANORAMA FROM WESTMINSTER CASTLE IN COLORADO

AERIAL VIDEO OF WESTMINSTER CASTLE IN COLORADO

Aerial Still Photos of Westminster Castle In Colorado

Westminster Castle Westminster Homes For Sale Aerial

Westminster Castle Westminster Homes For Sale Aerial

Westminster Castle Westminster Homes For Sale Aerial

Built in 1892, the 175-foot tall Westminster Castle and hilltop historic landmark overlooks Denver with an exceptional view of the Front Range. It is part of the National Register of Historic Places as Westminster University. Because of its unique color coming from sandstone from the Red Rocks, locals refer to it as The Big Red Castle and The Pillar of Fire. Westminster Castle is located northwest of Denver near the intersection of 83rd and Federal.

History

Westminster University was first conceptualized in 1890 by New Yorker Henry T. Mayham who convinced the Denver Presbytery to build a Presbyterian University on land that he owned on Crown Point, the highest point in what was then Arapahoe County

Architect E.B. Gregory designed and laid the cornerstone for the university's main building, which was to be constructed of gray stone from the Coal Creek area. After delays in construction caused by a lack of funds, Mayham hired New York architect Stanford White to finish the design and oversee construction. White changed the main design element, the stone, to a red sandstone from the Red Rocks/Manitou area. White's design was completed by 1893: 160 ft frontage, 80 ft depth, three stories tall, with a distinctive 175 ft tall tower. The architectural style of Westminster Castle is an excellent example of Richardsonian Romanesque.

Today

Belleview Christian Schools still reside on the Westminster University campus which is home to Belleview Christian Childcare & PreSchool and Belleview Christian School. Although most of the teaching happens in newer buildings on the campus, classes continue in the historic main building which was entered on the National Register of Historic Places in 1979. (from Wikipedia)

Check out the incredible view from the top of Westminster Castle, as the city of Denver almost looks like an island. Even if you’re not able to tour the castle, the view from the street of the striking red sandstone building is worth the trip.

July 22, 2021

Denver Realtor Reviews: Colorado Real Estate Market Report June 2021

Denver Realtor Reviews: Colorado Real Estate Market Statistics for June 2021

Real Estate Market Statistics for the metro Denver area, Colorado Springs Pikes Peak region, and Northern Colorado. 

Metro Denver Colorado Real Estate Market Statistics as of June 2021

Denver metro is generally composed of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson Counties. Metro Denver in Colorado saw a 61.5% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the Denver front range which includes Denver, Aurora, Lakewood, Thornton, Arvada, Westminster, Centennial, and Highlands Ranch as the largest cities in the area saw an 11.1% increase in new listings and a 7.4% increase in closed home sales. The median home price in Denver metro increased by 22.3% from $441,500 to $540,000.

Colorado Real Estate Market Report South Metro Denver REALTOR Association June 2021

Southern Front Range Colorado Real Estate Market Statistics as of June 2021

Colorado Springs is generally composed of El Paso County and Teller Counties. The Pikes Peak region in Colorado saw a 57.7% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the southern front range around Colorado Springs, which includes Colorado Springs, Monument, Falcon, Fountain, Manitou Springs, and Woodland Park saw a 2.3% increase in new listings and a 1.4% decrease in closed home sales. The median home price in Colorado Springs metro increased by 27.6% from $388,000 to $495,000

Colorado Real Estate Market Report Pikes Peak MSA June 2021

Northern Colorado Real Estate Market Statistics as of June 2021

Northern Colorado is generally composed of Boulder, Larimer, Logan, Moran, and Weld Counties. The Northern Front Range region in Colorado saw a 71.3% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the northern front range area that includes Boulder, Broomfield, Fort Collins, Greeley, Longmont, and Loveland saw an 0.9% decrease in new listings and a 5.6% increase in closed home sales. The median home price in northern Colorado increased by 19.1% from $402,964 to $480,000.

Colorado Real Estate Market Report Northern Front Range MSA June 2021

July 20, 2021

Colorado Real Estate News July 2021

 

 
 
 
Colorado Real Estate News
Colorado Home Loan Originators Brandon Gibson & Christopher Gibson - www.GibsonHomeLoans.com
Published by
Chris Gibson & Brandon Gibson
19 July 2021
Read paper →
Stories Super Local Homes & Trends For Realtors Leisure Colorado Mortgages
 
I know you expect me to be in the know when it comes to real estate news in and around Denver and Colorado, and now you can be too. I hope you find this latest version of my newsletter interesting and helpful. I can not thank you enough for all the referrals. Have a great day! 

Best regards,
Chris Gibson
720-394-8861


 
 
Most 'desirable' place to live in nation located in Colorado, according to new analysis
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail outtherecolorado­.com - Many Americans seem to have their sights set on Colorado these days thanks to a good local economy and ample opportunities for outdoor recreation. With this in mind, it's not
The Median Existing-Home Price in the U.S. Has Reached an All-Time High
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail housebeautiful­.com - The median price of an existing home topped $350,000 in May, the largest reported annual increase in more than two decades.
Home Affordability in Denver and Colorado Getting Worse
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail westword­.com - The affordability numbers have hit record lows.
Colorado rents surge in June as demand for apartments ramps up
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail denverpost­.com - After staying flat or declining during much of the pandemic last year, apartment rents in Colorado are rapidly making up for lost ground, even in hard hit areas like Denver, according to a monthly up…
10 Places to Use Paint or Wallpaper to Create a Fun Design Moment
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail houzz­.com - Add a bright pop of color and pattern to these areas to bring a sense of whimsy and cheer
The Ten Best Colorado State Parks for Outdoor Adventures
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail westword­.com - There's something for just about everyone at Colorado's 42 state parks. If you're interested in specific pursuits, here are ten you might want to try.
Housing market inventory is about to get better
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail housingwire­.com - Low housing market inventory has driven up home prices all over the U.S. But we should see some relief in the next several months.
How to get around in Denver
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail lonelyplanet­.com - Getting around Colorado's capital is pretty easy, especially if you're in the downtown area, with many, varied options.
Denver real estate: Median home price hits record, but could bidding wars be cooling?
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail denverpost­.com - The median price of a single-family home sold in metro Denver in June reached a record $600,000, but a surge in new listings contributed to a record monthly jump in the number of homes available for …
Where home prices spiked the most in the Denver area
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail news­.yahoo­.com - Denver likes to complain about rising home prices, but the spike in the surrounding metro area is even worse.What's happening: In the last five years, average home p…
Mortgage rates dip back down to 2.98%
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail housingwire­.com - The average 30-year fixed-rate mortgage fell four basis points from the week prior to 2.98%, according to data from Freddie Mac's PMMS.
Inflation Could Be Real Estate Owners' Friend
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail bisnow­.com - The impact of inflation on CRE might result in positives for asset owners.
U.S. Housing Prices Jump the Most in More Than Three Decades
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail bloomberg­.com - U.S. home prices jumped the most in more than 30 years in April.
Has a cold front moved into metro Denver’s scorching hot real estate market?
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail denverpost­.com - Metro Denver's housing market has undergone a shift in recent weeks, not unlike a cold front that ends a spell of record heat, and it may provide significant relief to buyers if it continues, accordi…
Remodeling Costs Rose Up to 50% in 2020
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail magazine­.realtor - The pandemic fueled a remodeling boom as more homeowners sheltered in and looked to redo their home as a new hobby. But the costs of remodeling projects have soared over the past year.
Top 10 Issues Affecting Real Estate in 2021
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail magazine­.realtor - Remote work and mobility are expected to have the most significant impact on real estate over the next year, according to The Counselors of Real Estate’s list.
Inflation & The Great Mortgage Rate Surprise
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail realtytrac­.com - The real worry for real estate investors, property owners, and mortgage borrowers is that inflation above 2% might force interest rates higher. For much of the year this has not been an issue, but…
Is this housing market affordable for the average shopper?
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail housingwire­.com - “It’s absolutely horrible,” Donna Deaton, managing vice president of Re/Max Victory + Affiliates, said about the state of the housing market.
Renovation Activity Is at 6-Year High, New Houzz Barometer Shows
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail houzz­.com - Home construction and design firms expect a strong third quarter 2021 despite rising costs and shortages
Purchases of second homes declined in June
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail housingwire­.com - The number of buyers who locked in mortgage rates to purchase second homes nationwide fell 11.1% year over year in June, per a Redfin study.
Cheapest Houses for Sale in Most Affordable Metro Denver Cities
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail westword­.com - A lot of these places qualify as fixer-uppers.
This Colorado home is a “slice of hell” and could be yours at $590,000
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail denverpost­.com - A nightmare Colorado home just hit the market with an online listing that features photos of graffiti-covered walls, warnings about a broken deck and a suggestion to wear a mask because of a freezer …
US housing market is short 5.5 million homes, NAR says
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail housingwire­.com - The NAR says the current state of the housing market is absolutely "dire," the consequence of a housing shortage 30 years in the making.
More than half of homes sold above asking price in May
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail housingwire­.com - 54% of homes sold above their listing price in May — another a record high, up from 26% a year ago, according to a new report from Redfin.
House flipping hits lowest level since 2000
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail housingwire­.com - Only 2.7% of all home sales in the first quarter of 2021 were flipped — or one in 37 transactions, the lowest level since 2000.
The U.S. Doubled Down on its Housing Problems During the Pandemic
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail bloomberg­.com - Even as construction of single-family homes booms, a new report paints a troubling portrait of racial and generational gaps in homebuying — and a severe lack of housing where it’s needed most.
 
 
 
StoriesSuper LocalHomes & TrendsFor RealtorsLeisureColorado Mortgages
 
Read paper →
 
 
June 17, 2021

Colorado Real Estate News June 2021

 

 

 
 
 
Colorado Real Estate News
Colorado Home Loan Originators Brandon Gibson & Christopher Gibson - www.GibsonHomeLoans.com
Published by
Chris Gibson & Brandon Gibson
16 June 2021
Read paper →
Stories Leisure Super Local Homes & Trends Colorado Mortgages For Realtors
 
I know you expect me to be in the know when it comes to real estate news in and around Denver and Colorado, and now you can be too. I hope you find this latest version of my newsletter interesting and helpful. I can not thank you enough for all the referrals. Have a great day! 

Best regards,
Chris Gibson
720-394-8861


 
 
Competitive home buyers waive contingencies to score homes in tight market
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail washingtonpost­.com - Buyer’s agents are reluctant to recommend that their clients waive all contingencies, but they also acknowledge that sellers may reject offers that include them.
Counties with the lowest home prices in Colorado
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail kdvr­.com - The real estate market is booming right now thanks to low interest rates, a flood of millennial buyers, and shrinking inventory. The median cost of a home has increased 20%
As Colorado’s older homeowners consider moving, a hot housing market often keeps them stuck where they are
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail coloradosun­.com - Home equity doesn't buy what it used to so older homeowners in Colorado are sticking in their current homes, making the market even tighter.
Colorado Weather’s ‘New Normal’ Is Hotter And Drier — And A Preview Of The Future
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail cpr­.org - The latest report shows that the last 30 years were not only warmer on average than the previous period from 1981 to 2010, but warmer than the entire 20th century,
Hope Is on the Horizon for Today’s Housing Shortage
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail keepingcurrentmatters­.com - The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy.
How to avoid getting scammed by roofing contractors during hail season
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail denverpost­.com - Severe Colorado weather often brings crews of roofing contractors calling homeowners and knocking on doors offering to assess — and fix — hail damage.
The Best Day Trips to Take From Denver This Summer
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail 5280­.com - There are 27 weekend days this summer. Here's what to do during each one of them.
Buyer burnout a big concern in metro Denver’s heated housing market
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail denverpost­.com - Mark Diaz and Cindy Clark placed bids on three different homes this year and have lost every time. With each loss, the couple's frustration at trying to navigate a housing market that no longer makes…
What's the Deal with Those "We Buy Houses for Cash" Companies? - Realty Times
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail realtytimes­.com - It takes 25 days on average to sell a home. That’s far better than back in 2010 when homes were averaging 140 days to sell. But it’s still not fast, a...
‘Greenway Stimulus’ Could Bring Boom in Bike and Walking Trails
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail bloomberg­.com - Active-transportation advocates are campaigning for $10 billion in infrastructure funding to connect cities with paths and create an interstate system for cyclists and walkers.
In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail keepingcurrentmatters­.com - For generations, the process of buying and selling a home never really changed.
The first-time homebuyer guide to affording a house - HousingWire
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail housingwire­.com - Purchasing a home as a first-time homebuyer isn't easy, but it's not impossible. With this guide, you'll be able to afford your first home!
The wild housing market’s big winner? Homebuilders
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail housingwire­.com - With green lit mega-projects and enviable profits, homebuilders are quietly the big winners of a wild, confusing housing market. HW+ Premium Content
UWM goes on the offensive with price-match guarantee
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail housingwire­.com - UWM said that they'll price-match any conventional loan on primary residences up to 35 basis points with that of 15 different competitors.
Housing market continues at torrid pace
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail dailycamera­.com - The region’s housing market continued to set records for median sales price in many cities in May, with low inventories and high demand pushing prices up.
Should you buy a home in a super-hot housing market?
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail housingwire­.com - Best content around Marketing Construction selected by the Residential Realty Today community.
How to Get Resilient Landscaping
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail magazine­.realtor - To get through the last 15 months of the pandemic, many homeowners looked to their yards and gardens as an escape where they could work, enjoy nature, and breathe in fresh air.
Colorado Real Estate Market Report May 2021
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail gibsonhomeloans­.com - Colorado Real Estate Market Report and Statistics - Check out the latest real estate market statistics and market reports for Colorado
Would You Ever Own a Home With Friends (or Strangers)?
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail 5280­.com - The Co-Own Company introduces a model of shared homeownership aimed at helping first-time buyers in Denver get into the real estate game.
Where Do Experts Say the Housing Market Is Heading?
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail keepingcurrentmatters­.com - As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year.
Here are some of the radical ideas to help alleviate Colorado's high-country housing crisis
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail coloradosun­.com - Colorado's lack of affordable homes has pushed some locals and leaders to consider radical ideas like a worker strike and emergency declaration.
Building material prices take their toll on new home sales
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail housingwire­.com - New home sales grappled with supply constraints, but demand has yet to be tamed as April's sales are nearly double (48.3%) April 2020's.
Closing cash: The appraisal gap war Colorado homebuyers are losing
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail thedenverchannel­.com - Bidding wars and appraisal gaps now come standard with an offer. If buyers can't bring potentially tens of thousands of dollars in cash to closing, they often can't compete.
We asked an appraiser to describe working in the wild housing market in Colorado
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail 9news­.com - Bryan Vayhinger is a residential real estate appraiser and the president of one of the state's industry organizations, the Colorado Association of Real Estate Appraisers.
Is housing market demand starting to weaken?
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail housingwire­.com - A recent Redfin study suggests that housing market demand may be peaking, with purchase applications and pending sales finally decreasing.
Denver Average Home Price Tops $700K for First Time Ever
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail westword­.com - A look inside the numbers reveals a deeper story.
If workers don’t return to downtown Denver, what will its post-pandemic future look like?
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail denverpost­.com - Foot traffic in the heart of the city is still down more than 40% compared to pre-pandemic levels, according to the 2021 State of Downtown Denver report released Wednesday.
Why rising home prices could turn Colorado's mountain communities into 'modern-era ghost towns'
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail 9news­.com - City officials in mountain communities are worried rising home prices are pricing the workforce out of the market.
Denver homebuyers facing off against more deep-pocketed investors this year
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail denverpost­.com - After taking a breather during the pandemic, real estate investors are aggressively buying homes again in metro Denver, accounting for about one out of seven purchases this year, according to a study…
About 30% of Denver’s homes lack air conditioning. Here’s the city’s environmentally friendly solution.
avatar Shared by
Chris Gibson & Brandon Gibson
thumbnail coloradosun­.com - Denver is trying to reduce greenhouse gases by replacing gas-powered furnaces and hot water heaters with electric heating and cooling.
 
 
 
StoriesLeisureSuper LocalHomes & TrendsColorado MortgagesFor Realtors
 
Read paper →
 
 
June 16, 2021

Denver Realtor Reviews: Colorado Real Estate Market Report May 2021

Denver Realtor Reviews: Colorado Real Estate Market Statistics for May 2021

Real Estate Market Statistics for the metro Denver area, Colorado Springs Pikes Peak region, and Northern Colorado. 

Metro Denver Colorado Real Estate Market Statistics as of May 2021

Denver metro is generally composed of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson Counties. Metro Denver in Colorado saw a 77% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the Denver front range which includes Denver, Aurora, Lakewood, Thornton, Arvada, Westminster, Centennial, and Highlands Ranch as the largest cities in the area saw an 8.9% decrease in new listings and a 61.8% increase in closed home sales. The median home price in Denver metro increased by 22.4% from $435,000 to $532,250.

Colorado Real Estate Market Report South Metro Denver REALTOR Association May 2021

Southern Front Range Colorado Real Estate Market Statistics as of May 2021

Colorado Springs is generally composed of El Paso County and Teller Counties. The Pikes Peak region in Colorado saw a 64.1% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the southern front range around Colorado Springs, which includes Colorado Springs, Monument, Falcon, Fountain, Manitou Springs, and Woodland Park saw an 8.4% decrease in new listings and an 11.4% increase in closed home sales. The median home price in Colorado Springs metro increased by 32.4% from $365,984 to $484,500

Colorado Real Estate Market Report Pikes Peak MSA May 2021

Northern Colorado Real Estate Market Statistics as of May 2021

Northern Colorado is generally composed of Boulder, Larimer, Logan, Moran, and Weld Counties. The Northern Front Range region in Colorado saw a 77.3% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the northern front range area that includes Boulder, Broomfield, Fort Collins, Greeley, Longmont, and Loveland saw an 18% decrease in new listings and a 58.1% increase in closed home sales. The median home price in northern Colorado increased by 19.5% from $402,293 to $480,598.

Colorado Real Estate Market Report Northern Front Range MSA May 2021