Colorado Association of REALTORS | Construction
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Construction

construction worker team hands shaking after consultation meeting to greeting start up plan new project contract in office center at construction site, teamwork, partnership and contractor concept

How Does New Construction Affect Housing Prices?

Denver’s 2019 elections have become a referendum on development, with Mayor Michael Hancock defending his handling of the city’s rapid urban growth. The debate has produced some major questions about development, housing and money. Here are some answers.   Are housing prices slowing down?   Yes. The pace of increases for rent and sale prices has slowed down lately. The median single-family home in...

Denver Colorado USA-June 5 2015. Aerial view of urban park in business park.

Metro-Area Commercial Sales Prices Plateau for First Time Since 2011

By Greg Johnson, Calibrate Real Estate   After six years of steady growth, in 2018 the Central Denver apartment market flattened out. See report by clicking here.  Nearly 1,000 units were sold in 34 transactions, and the average price per unit was $182,938, a slight decrease from 2017’s average of $185,316.  We calculate the average price per unit annually from Central Denver...

A home designer working with a home buildering and inspecting the blueprints

Real Estate Development in Colorado

Have you seen the Consumer Resources page on the CAR website?   In this section you will find information about finances, foreclosures, home maintenance, legal, and answers to common questions about real estate in Colorado. Click here for information on buying a home and here for selling.   Search for new residential and commercial development throughout Colorado in the “Real Estate Development” section. You have the ability to...

Colorado developer builds single-family homes for under $250,000

Earlier this month, Oakwood unveiled its 24-home development off Pena Boulevard and 54th Avenue in Green Valley Ranch. The homes are priced around $230,000. While smaller than the average Denver home — roughly 1,200 to 1,400 square feet — buyers can choose a one- or two-car garage, the number of bathrooms, and from two to four bedrooms.   "The average price of...

View from the ground up of high rise housing.

Denver City Council Approves Plan for New Neighborhood at Elitch Gardens Site

DENVER -- The Denver City Council has approved a new long-term development plan for downtown Denver and it includes a new neighborhood.   The council heard public comment before voting to unanimously approve a plan that would allow for future changes and development at the current site of Elitch Gardens, the Pepsi Center, and surrounding parking lots. The formal title is the “Downtown Area Plan”...

Grouping of houses close together from an aerial view with a pond in the summertime.

Castle Rock Named One of Seven Fastest Growing Places in US

Castle Rock saw 5.1% growth in 2017 By: Meghan Lopez   CASTLE ROCK, Colorado—The town of Castle Rock was recently named one of the fastest growing areas in the entire country.  According to the U.S. Census Bureau, Castle Rock is competing with big cities like Phoenix, Los Angeles, San Antonio and Dallas for the most growth. It saw a 5.1 percent increase in its population...

Colorado Association of REALTORS® Economic Summit Creates a Buzz about Ballot Initiative No. 66

The Colorado Association of REALTORS® sought to get the word out about the dangers of ballot initiative No. 66 and successfully did so at their annual Economic Summit on February 7, 2018.  Initiative No. 66 is currently being reviewed by the Supreme Court and could be on the ballot this November.   This initiative seeks to cap new housing construction to 1%...

New Construction Thanks to Construction-Defects Law

With the struggles of low inventory, news about a condo development in the works is exciting news for those in the real estate world.  It's with great anticipation that a new development is coming to Denver in the LoHi neighborhood.  This development will be condos ranging in size and price and is the first development in the area from Alpine...

Housing Construction in Colorado on the Rise

Colorado's low inventory has caused frustration and a limitation on housing market growth.  Luckily, statistics show a major increase for residential building in areas across Colorado.  DODGE Data & Analytics reported that September construction starts in the metropolitan statistical area of Denver-Aurora, consisting of Adams, Arapahoe, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park in Colorado.   According to Dodge Data &...