Monthly Roundup June: DMAR in the News
Denver Business Journal
Average price of a home in metro Denver up another 10 percent
The average price of a home in metro Denver rose 9.8 percent in May to $449,736, including homes of all kinds, according to the Denver Metro Association of REALTORS®' latest market trends report. Detached single-family houses sold for an average of $490,700 in May, while attached homes such as condos went for an average of $317,082. Read more...
Colorado Real Estate Journal
Missing middle focus of CREJ affordable housing conference
In fact, the average price of a home sold in the Denver area in May was $490,700, an 8.43 percent year-over-year gain, according to an analysis by the Denver Metro Association of REALTORS®. The average price of a condo is a record $317,092, 6.31 percent more than in May 2016. Read more...
5280
Denver’s Luxury Home Market Breaks a New Record
According to the Denver Metro Association of REALTORS®’ (DMAR) latest market trend report, more homes over the $1 million mark sold in May than ever before. A total of 179 luxury properties (including both single-family homes and condos) closed in this timeframe, up 21 percent over April and 39 percent over May 2016. By the end of June, sales of homes in this range will likely surpass $1 billion, year-to-date. Read more...
Denver 7
Million-dollar home sales push prices to new record in Denver metro area
The average price of homes that sold last month climbed to a record $449,736, according to the latest report from the Denver Metro Association of REALTORS®, up 2.84 percent compared to April and 9.83 percent compared to May 2016. Read more...
Littleton Independent
Littleton Village retail lags, homes nearly sold out
Littleton's median sales price for single-family homes in May was $421,000, according to the Denver Metro Association of REALTORS®. The median sales price for townhouses and condos was $275,750. Read more...
Englewood Herald
Englewood to consider allowing accessory dwelling units
And the need is great. Through the first five months of the year, the median sales price of a single-family home in Englewood was $375,500, according to the Denver Metro Association of Realtors. That marks a 7.3 percent rise from the same time last year. Read more...
Denverite
Denver homes with price tags over $1 million see big jump in sales
Nearly 38 percent more homes priced over $1 million sold this May than during May 2016, according to the latest trend report from the Denver Metro Association of REALTORS®. The total 179 homes that sold in that price range is a record, DMAR says. That’s an increase over 21 percent from April, DMAR notes. Plus, instead of the normal increase in the available homes costing over $1 million, the inventory fell. Read more...
The Gazette
New study ranks Colorado Springs as nation's top housing market for upcoming home sales
In the Denver area last month, single-family homes sold for an average of $490,700, according to the Denver Metro Association of REALTORS®; in the Colorado Springs area, May's average price was $319,969, Pikes Peak Association of Realtors data show.
Mortgage Professional America Mag
Denver luxury housing market sets new sales record
The record-breaking sales were a 21% increase from April and 38% year-over-year, according to the Denver Metro Association of REALTORS® (DMAR). “By this time next month, sales in the luxury market of homes priced over $1 million will likely surpass one billion dollars year to date,” said Elaine Stucy, DMAR market trends committee member and metro Denver real estate agent. “This is a stunning trend in a month where traditionally the greatest number of homes come into the market. However, instead of a build up in supply, there was a full 1% reduction in months of inventory to a 5.8 month supply.” Read more...
