News

Fourth Quarter 2014 Housing Statistics from the Colorado Association of REALTORS®

CTA blog

CAR Quarterly Report — Q 4
CAR Quarterly Indicators Colorado Q4 2014
CAR Quarterly Indicators by County:
Adams County | Arapahoe County | Douglas County | Jefferson County
CAR Quarterly Indicators by City:
Arvada | Aurora | Brighton | Broomfield | Centennial | Commerce City | Denver | Douglas County | Evergreen Conifer | Golden | Highlands Ranch | Lakewood | Northglenn | Superior | Thornton | Westminster | Wheat Ridge

HOUSING PRICES CONTINUE TO MOVE UP – SALES IMPROVING – INVENTORY STILL CHALLENGING 

During the fourth quarter of 2014, housing prices statewide continued to move upward and sales improved in some areas and for certain categories of homes compared to the final quarter of 2013 according to the Colorado Association of REALTORS®. At the same time, in most places housing inventory continued to be a challenge, frustrating buyers with bidding wars and the need to make quick offers in order to have a chance at the properties they sought.
In the Metro Denver area new listings for single-family homes continued a downward trend now lasting five consecutive quarters. During Q4 2014 there were 7,769 new listings of single-family homes, down 8 percent compared to Q4 2013. New listings of townhouses and condominiums increased 16 percent quarter to quarter to 2,854.
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Prices continued to rise during the fourth quarter. The median price for a single-family home rose to $310,000 (+14 percent) and for townhouses-condominiums to $189,500 (+17 percent) comparing the fourth quarter of 2014 to the same quarter of 2013.

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Chairman’s Message | Promises Kept

Greg Gellar Promises kept. Three years after three associations merged and became DMAR, the staff, board of directors and other volunteers have built a model association. Leadership and the staff have been working hard developing and implementing events, programs and messaging designed to get the membership excited not just to be a REALTOR®, but a DMAR REALTOR®.

On February 10th, Dr. Elliott Eisenberg will roll into town to do his stand up economics routine. Nationally acclaimed and highly respected, Dr. Eisenberg is funny and will share his thoughts on the housing market and the economy. It’s a free event exclusive to our members (event details here).
One of the most educational days of our year is also in February. REALTOR® Day at the Capitol is on February 17th.  If politics are of interest or you want to know if the Capitol Building has real gold on its dome, then free up the 17th and see first-hand the value of the RPAC investment you make every year.
The Denver Metro REALTORS® Excellence Awards (the million dollar roundtable) road show will stop in Westminster on April 1st. Our annual recognition of top producing REALTORS® promises to be bigger and better than last year’s event with added categories, a bounty of door prizes and the most sincere promise of zero April Fool’s gags. This event is truly special as it rewards hard work, gives members much needed networking time and sets the bar for ambitious REALTORS®; and gives attendees free stuff in bags.

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Announcing the 2015 Denver Metro REALTORS® Excellence Awards

Though you may recognize the Excellence Awards by their former name (the “Roundtable”), this is the same fantastic event you remember with a little makeover. Because DMAR is focusing on continual improvement and transformation to better serve our members, we wanted our premier real estate event to have a name that matches our new look.
The DENVER METRO REALTORS® Excellence Awards celebrate and honor those whose ambitions elevate the industry and redefine success. Don’t miss out on the largest REALTOR® award event in Colorado!
Terry-Photo-RevisedExciting Speaker: We are happy to introduce Terry Watson as our emcee in 2015.Terry Watson is the “AHA guy,” who makes people, companies and organizations large and small aware of the conscious and unconscious ways they sabotage their businesses and their lives. Terry provides ridiculously effective and easily implementable strategies. In short, Terry gives the tools people need to get out of their own way while making them laugh till they snort in the process.

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Events

Upcoming Events January 28-February 13

Upcoming Events CTA
Here is an updated calendar of upcoming networking events and education for this month.


EDUCATION: NAR Ethics Update  | Jan. 28

WHEN: Wednesday | January 28, 2015 | 9:00 AM – 1:00 PM
WHERE: DMAR West Office | 950 Wadsworth Blvd Lakewood, CO 80214
WHY: Get the latest update on ethics from NAR.

REGISTER NOW


EDUCATION: New Member Ethics & Orientation  | Feb. 2

WHEN: Monday | February 2, 2015 | 8:30 AM – 4:30 PM
WHERE: PPA Event Center | 2105 Decatur Street Denver, CO 80211
WHY: This class is an introduction to both the Association and the Code of Ethics. You will meet many of the Association’s leaders as well as representatives from the MLS.

REGISTER NOW


EDUCATION: Real Impact: 2015 Economic Trends  | Feb. 10

WHEN: Tuesday | February 10, 2015 | 8:30 AM-11:30am
WHERE: PPA Event Center | 2105 Decatur Street Denver, CO 80211
WHY: The economy is a key predictor for changes in the real estate industry. With these presentations, real estate professionals gain expert perspective and valuable insight on the 2015 economy and how these changes apply to metro Denver.

REGISTER NOW


EDUCATION: NAR Ethics Update  | Feb. 11

WHEN: Wednesday | February 11, 2015 | 9:00 AM – 1:00 PM
WHERE: DMAR North Office | 13648 Orchard Pkwy #900 Westminster, CO 80023
WHY: Get the latest update on ethics from NAR.

REGISTER NOW

 


EDUCATION: 2015 Annual Commission Update  | Feb. 13

WHEN: Friday | February 13, 2015 | 9:00 AM – 1:00 PM
WHERE: DMAR West Office | 950 Wadsworth Blvd Lakewood, CO 80214
WHY: The Colorado Real Estate Commission requires all real estate licensees to complete a Commission Update course annually. The current 2015 Commission Update class will provide you with the latest information on legislation and regulations.

REGISTER NOW


 

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Membership

Thank you for being a member of the Denver Metro Association of REALTORS®. Your membership is a crucial part of what makes us a powerful community. With more than 5,000 members, DMAR's goal is to support you in your pursuit of success, and to passionately protect and advance the real estate industry. Read More »