denver homes are (still) selling fast and for top dollar

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denver homes are (still) selling fast and for top dollar

For the second month in a row, attached properties sold for record-breaking prices. The average price of a single-family home also reached a new high at $632,581.

So far, 2021 doesn’t look much different from 2020—and we’re not just talking about COVID-19 restrictions. Denver’s housing market, which has been scorching hot for the past year, shows no sign of slowing down. There are an abundance of buyers, homes are selling fast, and prices keep increasing.

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housing boom unbowed by pandemic

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housing boom unbowed by pandemic

“Housing sales were robust and apartments at all price levels were moving quickly,” says Marsha Gordon, the president and chief executive officer of the Business Council of Westchester. In recent years the county was fortunate, with development and the housing market, to be ahead of the curve, Gordon says.

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record-low inventory doesn't tell full story of denver's fast-paced real estate market

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record-low inventory doesn't tell full story of denver's fast-paced real estate market

February marked yet another month of record-low inventory for the residential market in the Denver metro, where a resurgence in homebuying activity that began last summer has continued to push prices higher and fueled stiff competition among potential buyers.

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how to navigate colorado’s low inventory market like a pro

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how to navigate colorado’s low inventory market like a pro

There’s no denying that the real estate market is hot right now. The need for homes that cater towards consumers’ desired lifestyles in the wake of COVID-19 paired with low-interest rates has created an environment where buying a home is a top priority on everyone’s to-do-list.

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supersize me! here are the metros where buyers are clamoring for big homes again

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supersize me! here are the metros where buyers are clamoring for big homes again

Not long ago, it seemed just about everyone was obsessed with the tiny-home trend. So cute! So teensy! People were wondering: Just how small can a home get while still being cool and remotely functional? Well, we may never find out. Because, as with many things in the past year, the coronavirus pandemic has turned the “less is more” mentality on its head.

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staggeringly low housing inventory across colorado

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staggeringly low housing inventory across colorado

While early February spotlights Groundhog Day and the annual prediction of spring’s arrival, the Colorado housing market just keeps reliving its long-term storyline of low inventory and high demand with no predictable change in sight, according to the January 2021 housing data from the Colorado Association of REALTORS® (CAR).

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connecticut home sales roll strongly into 2021, with little signs of slowing down, new report shows

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connecticut home sales roll strongly into 2021, with little signs of slowing down, new report shows

Connecticut home purchases surged into the new year, as sales in January — typically a slow month coming off the holiday — reached a 15-year high for the month, with last year’s hot market showing little sign of cooling off, a new report shows.

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in metro denver housing market, double-digit price gains carry over in 2021

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in metro denver housing market, double-digit price gains carry over in 2021

The average price of a single-family home that closed in January in metro Denver rose 2.9% from December to a record $629,159. Annual price appreciation is running a hot 18.7%. But that sharp increase reflects the growing dominance of more expensive homes in what is available to buy on the market.

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connecticut’s housing market hit new high in 2020, report says

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connecticut’s housing market hit new high in 2020, report says

The strong housing market is a welcome change for the state where median home-sale prices have languished since the collapse of the housing bubble and the ensuing 2007-2009 recession. The state’s population also has been slowly shrinking since 2014 and has a population of 3.56 million as of July 2020, according to the U.S. Census.

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denver metro’s real estate rush by the numbers

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denver metro’s real estate rush by the numbers

Each year, LIV Sotheby’s International Realty produces a year-end Micro Market Report, which summarizes Denver Metro’s market performance last year compared to the previous year. For 2020, the report paints a picture of strength and resilience through appreciating home values, rising property sales, and accelerating market speeds.

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realtors overcame pandemic restrictions to post significant sales increases in 2020

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realtors overcame pandemic restrictions to post significant sales increases in 2020

Realtors in the Hudson Gateway Association of Realtors’ market area that includes the lower Hudson Valley region, adapted to state-imposed restrictions early in the pandemic and rode the wave of pent-up buyer demand to post sales increases as compared to 2019 activity.

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westchester wanderlust: is the suburban love affair a flash in the pan or the new normal?

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westchester wanderlust: is the suburban love affair a flash in the pan or the new normal?

Westchester County, the large swath of communities just north of Manhattan and the Bronx, is a major destination for city dwellers looking for a close-in suburban lifestyle. With sales volumes that have increased 51% since last year and dwindling inventory, especially in prime neighborhoods and at lower price points, Westchester serves as an excellent microcosm of the broader city-to-suburbs trend.

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denver’s 2020 real estate market saw an unprecedented number of records broken

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denver’s 2020 real estate market saw an unprecedented number of records broken

When coronavirus hit Colorado in March, an unprecedented number of listings were pulled from the market. In April, prices held steady and houses were selling faster than they were the previous year. By May, the real estate market picked up with 56 percent more new listings than April, but still 17 percent fewer than May 2019.

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