Monthly Roundup February: DMAR in the News
The Wall Street Journal
Luxury Home Sellers Slash Millions Off Asking Prices
Even though Denver overall saw an 11.4% increase in year-over-year median sale prices in 2016, the top end of the market has shown signs of softening, according to the Denver Metro Association of REALTORS®. The number of $1 million-plus homes sold in December dropped over 26% from the previous year, with prices down 4.85%. Read more...
US News & World Report
Are the best places to live the best markets to buy a home?
Housing Wire
Automated valuation models provide an answer to appraiser shortage
Now that the market is in a new, higher rate environment, closing delays can ruin a homeowner’s chances to get their preferred home and negatively affect the lender’s bottom line. The Denver Post reported that closing times had climbed to 43 days in September, versus 39 days a year earlier. The chairman of the Denver Metro Association of REALTORS® said the closing delays were a direct result of an appraiser shortage. Read more...
Channel 7 News
Denver-area home prices, then and now: Where you can still find a home for $250K
At the neighborhood level, numbers from the Denver Metro Association of REALTORS® show the biggest changes occurring in areas where you used to be able to get a home for $100,000 or less. In Elyria-Swansea, for example, the average price of a single-family home in 2007 was just more than $80,000. Now, you’re looking at an average of $235,000, which represents an increase of about 193 percent. Read more...
The Denver Post
Rising mortgage rates, home prices “a double hit” for prospective Denver homeowners
That’s a particularly troubling thought in metro Denver’s hot market where homeownership rates continue to fall, inventory remains constrained and the median sale price for a single-family home was $380,000 in January, according to the Denver Metro Association of REALTORS®. Read more...
Denver Business Journal
Metro Denver's luxury home market fresh off another strong year
The average price of a home in the metro Denver luxury home-buying market, or homes priced at $1 million or more, rose only marginally from 2015 to 2016, but the number of homes sold in that price range increased by 18 percent, according to data from the Denver Metro Association of REALTORS®. Read more...
Metro Denver home prices rising slower than a year ago
Average home prices in metro Denver were up 8.3 percent year-over-year in January, to $402,979, including both detached single-family houses and attached condos and townhomes, according to the latest data from the Denver Metro Association of REALTORS®. Read more...
EIN News
REALTOR® Jennifer Brink Joins Jim Garcia and RE/MAX Professionals
“I consider myself to be a specialist in the areas of Parker, Castle Pines, Lone Tree, Castle Rock and all of Douglas County. I’m eager to help anyone relocating to any of these areas find the perfect home. I have lived in the area for many years, and I’m very knowledgeable about all of the neighborhoods,” says Jennifer. In addition to being a new member of Jim Garcia’s RE/MAX Professionals team, and helping buyers find Parker CO homes for sale, Jennifer also serves on the Board of Directors for the Denver Metro Association of REALTORS®. Read More...
