Metro Denver home prices reach new high, but appreciation is slowing

real estate2Denver-area home prices reached another milestone in September. The latest S&P/Case-Shiller Home Price Indices showed that metro Denver prices were up 6.2% from September 2013 and up 0.2% from August. In Denver-Aurora, the index was estimated at 156.60, which means the home prices in September were, on average, 56.60% higher than they were in the benchmark month. This is the seventh straight month of record-high prices in metro Denver.
Read article – Denver Post

Market appeal: Study tabs Aurora homes as most affordable in area

HomeinhandsWhile the housing market across the metro region continues to tighten, homes in Aurora are some of the most affordable in the state. An annual report by Coldwell Banker identified Aurora as having the most affordable four-bedroom, two-bathroom homes in the metro area, outpacing Thornton, Littleton, Arvada, Parker, and Denver – the latter by nearly $200,000. According to the report, average home prices in Aurora sit just under $297,000, which is significantly below the statewide mean of $407,000.
Read article – Aurora Sentineal

Front Range rents riding fast escalator up, especially in Aurora

rental2Aurora, Colorado Springs and Denver all are reporting some of the fastest rent increases in the country. Apartment List surveyed rental listings in 100 cities across the country to measure changes from October 2013 to October 2014. Of the three Colorado cities included in the survey, all made the top 10, with Aurora landing at No. 1. One-bedroom rents rose 11.5% in Aurora, and two-bedroom rents were up 10.4% the past year.
Read article – Denver Post

Denver: Average sales price increased, time-on-market dropped

Sold PictureThe metro Denver residential real estate market continued its slowdown in October, with fewer active and new listings than a year ago, but average sales price increased and time-on-market dropped. The number of active listings in October in the metro area was 8,041 compared to 10,376 last year. New listings dipped 2% to 4,843. Year-over-year in October, the average sales prices for a home in the metro area increased by 7% to $303,328, and days on market fell to 34 from 45.
Read article – Denver Business Journal

Another Denver home-price record set, but pace of gains eases again, says Case-Shiller report

home_worthDenver home-resale prices set another all-time record high in August. However, the rate of price growth eased once again, according to the latest monthly S&P/Case-Shiller Home Prices Index report. Denver’s 12-month price gain in August was 6.3%, down from July’s yearly rise of 6.7%. That’s the smallest year-over-year rise for Denver since August 2012, and it was the fifth consecutive month of smaller 12-month price gains than the previous month.
Read article – Denver Business Journal

Zillow: Denver home values still rising but more slowly

real estate2Home value growth in the U.S. has peaked, and the cooling market has put bubble fears to rest, according to the third quarter Zillow Real Estate Market Reports. The rate of annual home-value appreciation peaked at 8.1% in April and has fallen every month since. U.S. home values are still rising in most markets, and were up 6.5% year-over-year at the end of the third quarter. Denver’s figures were much higher, however. In the 12-month period that ended Sept. 30, home appreciation increased 11.3%, up from 10.4% in the year before.

Read article – Denver Post

Metro Denver luxury home sales up 4% so far this year

luxury2The luxury home market in the metro area this year through September improved, with the number of closed transactions and sales volume both increasing from the previous year. So far this year through September, 633 homes and condos with a price of $1 million or more were sold, an increase of 4% over the same period in 2013, according to DMAR. The average sale price remained flat from last year at around $1.4 million. The largest sale in September was a $4.8 million, 16,150-square-foot home.
Read article – Denver Business Journal

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