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buyer Tag

iBuyers Shake Up Denver-Area Market

Providing REALTORS® with Opportunities to Stand Out Technology has always been the great disrupter, forcing established industries to adapt and change with the times. Backed by venture capitalist investment from Silicon Valley and overseas, Instant Buyers, or iBuyers as they’re known, have developed algorithms they say can accurately assess the value of homes. And while their arrival in Denver has alarmed some in real estate, some...

Be Afraid! Your Misuse of the Transaction Brokerage Relationship

By CAR's General Counsel Scott Peterson Over the previous year, the Division of Real Estate has undertaken an exhaustive, line-by-line review of all existing Commission Rules and Regulations (“Commission Rules”) for Colorado licensees.  The Commission Rules (Rules A-K) comprise Chapter 2 of the Real Estate Commission Manual (which each of you, I am certain, have sitting immediately available on your desk). ...

Colorado condos break record at $300,000 median price despite new listings rising nearly 16 percent from April to May

ENGLEWOOD, Colo. – June 12, 2018 – The Merry Month of May delivered strong seasonal increases in new listings for single-family residences and condos in both the seven-county Denver metro area and the state. However, homebuyers continue to face the same scenario that has dominated the state’s housing markets throughout the past year. Strong sales and record-high median pricing of...

Denver Housing Market: A Tale of Two Cities

By CAR Spokesperson Matthew Leprino. Read the entire article on Colorado Biz Magazine.   Like Charles Dickens’ fabled tale, Denver’s housing market remains conflicted in its ‘Tale of Two Cities,’ a lopsided story of condos and single-family homes. It would seem that with every dollar the single-family home’s median price rises, the demand for the condo market – tantamount to “entry-level” ­– rises...

Amazon in Denver? A Look at Housing Implications

CAR spokesperson Kelly Moye spoke with Next on 9News to discuss housing implications of Amazon building a second headquarters in the metro area. See the full story on 9News.com.   DENVER - Gridlocked roads, high housing prices, crowded restaurants, disappearing beautiful scenery.   It sounds like Denver, but it’s a description of Seattle, Amazon’s current headquarters.   After Amazon announced it’s looking to build a second headquarters outside of Seattle...

Market Trends Image Depicting Statewide Listings

Colorado median sales prices rise 10 percent in 2016

Market playing out low inventory, high demand theme. While the median price of a Colorado home remained flat in December 2016 at $315,000, buyers and sellers experienced a 10 percent increase in the median sales price over the course of the year, according to the latest statewide housing report from the Colorado Association of REALTORS® (CAR). With a median sales price...

Demand and Low Inventory Keep Prices Flat for Single Family

Despite typical seasonal and market factors, strong demand and record low inventory keep median sales prices for single-family homes flat while condo/townhouse prices reach a new high. While temperatures across Colorado remained more summer-like than fall throughout November, traditional seasonal real estate market slowdowns were met head-on by strong consumer demand and a continued shortage of inventory, according to the latest...

Shrinking Inventory Driving Factor in Colorado Markets

Single family and townhouse/condo listings down more than 30 percent since July peak. While the median sales price for single-family homes and townhouse/condominium units between September and October 2016 remained relatively flat, $337,000 and $252,000 respectively, a shrinking inventory of active listings across the state continues to play a significant role in the overall housing market, according to the latest statewide...

Inventory Remains Key Factor in Markets Across the State

Median sales price for Colorado’s single-family homes dips for second time in three months while condominium/townhouse prices increase. The median sales price of a single-family home in Colorado has dropped for the second time in the past three months to $336,700. The one percent dip comes on the heels of a flat August and a nearly 3 percent dip reflected in...