Life Style Denver by Gretchen Faber

Denver Colorado Real Estate Statistics | February 2012

We did it again,  Inventory is down for the 8th straight month.  As of the end of February, we have just 8,082 single family homes available for buyers to view. On Friday last week, our office set 101 showings in one day.  We had to take a fire extinguisher to the phones at the end of the day.  The most showings I can remember the receptionist setting up on a busy Friday during the heyday was about 72, and that was...Continue Reading!

Denver Colorado Real Estate Statistics | January 2012

Have you heard of a "Seller's Market?" That term hasn't been uttered since just after the turn of the Millennium.  But it's back.  Let's take a look under the magnifying glass. Denver's inventory of available properties is breathtakingly low. So low that it's less than half what it was just 6 or 7 years ago.  In certain neighborhoods and price points, buyers who aren't aggressive are losing out to higher bidders, cash buyers and those ready to make a quick decision. In other...Continue Reading!

Denver Colorado Real Estate Statistics | December 2011

The end of 2011 came with few surprises for those of us in real estate, and one big one. The inventory of homes for sale in Metro Denver is nearly 40% below this time last year.  It's so low, that I can remember a time when it was almost triple what it is now. What this will most likely do is accelerate the pace of home sales. With less on the market, it should take less time to sell your house. Eventually, the...Continue Reading!

Denver is THE Top Real Estate City for 2012

[youtube]http://www.youtube.com/watch?v=Y9frmEv-vPA[/youtube] Have you seen this recent news report about Denver real estate? Denver is cited as the number one city to invest in real estate by Greg Rand of Own America. Watch the clip as Greg covers the metrics that influenced his decision: Lifestyle and livability Relatively low unemployment as compared with the national average In-migration of people relocating to Denver A foreclosure rate that is half the national average A young population Low cost of living Fresh air 9 Fortune 500 companies and growing Denver isn't a secret any longer.  The...Continue Reading!

October 2011 Case Shiller Shows Strength in Denver Home Values

The S & P Case Shiller Home Price Indices were published yesterday for the period ending October 2011. Seasonally adjusted home prices, from September to October were up .5%.  Denver lagged only Phoenix in terms of non-seasonally adjusted figures at a drop of .2%.  Phoenix was the single city in positive territory, non-seasonally adjusted September to October. Overall, the national market was down 1.2% for the 20 City composite used by Case Shiller.  Denver continues to outpace the country, and the gap...Continue Reading!

Denver Colorado Real Estate Statistics | November 2011

Imagine you want to move from your city, small town, or suburb to a new location. This new city isn't as large as NYC or LA, but it's big enough to offer you the company of over 2 million residents metro-wide, all the major professional sports, plenty of arts and culture and great restaurants for foodies. Added to that, a fun outdoorsy lifestyle. Now imagine that you begin your home search in this city, only to learn that there are a little...Continue Reading!

S & P Case Shiller Report Ranks Denver Real Estate Market in Top 5

The S & P Case Shiller Report was issued yesterday and Denver was ranked in the top 5 housing markets at number 5. This report reflects September 2011 housing sales.  Year over year prices in Denver were down, with a 1.5% decline.  September 2011 prices were also down a little over August.  The Case Shiller Report lags by 2 months, and this is a snapshot of where we were 60 days ago. Denver has been consistently ranked in the top 5 housing...Continue Reading!

Denver’s Economic Growth Strong by Some Measures

The Denver Post published a story this morning based upon research comparing Denver to 9 other U.S. cities. According to their study, Denver continues to outpace most other regional cities for Economic Power, Earning Power, Brain Power and Innovation Attractiveness. It's been our hope, here in Denver, that the Innovation Attractiveness will help fuel employment, but apparently we're lagging in jobs creation.  We rank 6th out of the 10 for job creation and 5th for housing affordability. I spent two days last week...Continue Reading!

Denver Among Top 10 Healthiest Housing Markets

Recently, Builder Magazine listed Denver as among the top 10 healthiest housing markets in their  "Healthiest Housing Markets: Mid-2011 Update." We've been experiencing such low vacancy rates for rentals, that much of what's driving home sales is investor interest.  Investors are willing to take a risk on our market and are snapping up good rentals.  With investors getting back in, more buyers will feel confident in the coming months. Builder Magazine says permits for new construction look to double in 2012 and...Continue Reading!

What the Press Has to Say About Real Estate

10/15/11.  The Wall Street Journal. "It's time to buy that house." 10/21/11. Business Week. "Crazy deals await." 10/03. Market Watch. "Now could be the best time in history to buy a home." US News & World Report. "Many buyers who waited for rock bottom are finding now is the time to buy." Denver's inventory is low and buyers are searching for great properties.  If you're thinking of selling your home, get it on the market soon! These headlines should begin to foster the consumer...Continue Reading!