The three most significant factors affecting the real estate market, nationally and in metro Denver, would be 1) low supply of available homes 2) buyer competition 3) small mortgage rate increases–in that order! Low Housing Inventory This is particularly true in high-growth cities such as Seattle, Portland, Dallas and Denver. The entry-level home segment of… [Read More]
Strong March luxury home sales in Denver Metro and record-breaking luxury home sales in Boulder according to LIV Sotheby’s
With Colorado’s real estate market entering the peak of its spring selling season, luxury home sales (sales over $1M) in Denver metro and Boulder continue to see a significant increase year-over-year, according to a March luxury market report, released by LIV Sotheby’s International Realty. In addition to a predictable increase of buyers entering the market as… [Read More]
Insider: The Makings of a ‘Hot’ Housing Market
In many popular real estate markets (including Colorado’s), sellers have sat in the driver’s seat, enjoying the fruits of what many consider a booming time in real estate. But just what constitutes a ‘hot’ housing market? With the national unemployment rate riding a 17-year low, of just 4.1%, down from 10% in 2009, a low… [Read More]
Western Resort markets demonstrate strong year-end performances
Despite much of Colorado and the western United States experiencing a slightly low snow year at the start of the 2017/2018 ski season, the performance of many western Resort-area real estate markets delivered some positive results at year-end 2017, according to LIV Sotheby’s International Realty’s recently released, Resort Report. Interestingly, all of the Sotheby’s International Realty Resort… [Read More]
Insider: A Year in Review – 2017
While forecasting the performance of any real estate market is never an exact science, the 2017 Colorado housing market delivered some pleasant surprises. Despite encountering some major economic events, including the presidential election and the market being faced with rising interest rates, (both occurrences of which have the potential to greatly affect market trends), the… [Read More]