latest denver-area housing market stats: median single-family home price reaches $560K

latest denver-area housing market stats: median single-family home price reaches $560K

The rise in available for-sale housing that typically accompanies the transition from February to March failed to materialize in the Denver metro this year, as buyer demand continued to outstrip supply, according to the latest monthly report from the Denver Metro Association of Realtors.

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major challenges in denver metro area for new home seekers as median home price increases by 21% in past year

major challenges in denver metro area for new home seekers as median home price increases by 21% in past year

The housing market in the Denver metro area has seen a dramatic increase in home prices of more than 20 percent over the past year, making it even more competitive for families to buy their first home. Those who were able to purchase a house say they had to open their search beyond their initial expectations as realtors say the inventory will only improve slightly for the rest of 2021, keeping it a seller’s market.

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

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

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

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

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

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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new rochelle, N.Y.: a waterfront suburb with a socioeconomic mix

new rochelle, N.Y.: a waterfront suburb with a socioeconomic mix

Competition was also fierce in New Rochelle, which attracts buyers with its parks and beaches, an ethnically mixed population of 79,000, and by being a mere 20 miles north of Times Square. The house the Rothschilds bought — which has three bedrooms, one and a half bathrooms and a fireplace that is now working (after repairs), in the Beechmont neighborhood — received multiple bids before selling for $490,000, or $25,000 above the listing price.

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