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by
Anthony Rael on Google+
Denver Colorado Real
Estate Housing Stats & Market Trends Report
January 2019 Denver Metro Association of REALTORS® Market Trends Report
Single Family Homes | Single Family Condos |
Residential Market | Luxury Market ($1Million +)
Denver CO Real Estate Market Snapshot & Infographics by Anthony Rael, RE/MAX Alliance
Despite what feels like a major market shift, home
sellers in Metro Denver are still in control in all housing price ranges,
except homes priced over $1 million where homebuyers and sellers are on
equal footing. In 2018, compared to 2017, the number of home sales was
down 5.52 percent and housing inventory was up 44.71 percent by year-end.
2018 marked a record-high home sales price reaching an average of $473,539
and median of $409,900 for the entire residential market (single-family
and condos), up 8.34 percent and 7.87 percent year over year respectively.
The average price for a single-family home in 2018 was
$522,839, up 8.05 percent in a year. The average price of a condo
increased 9.82 percent, ending 2018 at $351,677. Home prices continue to
rise in large part because people continue to move to the Denver area.
According to the US Census Bureau, 80,000 people moved to Colorado from
mid-2017 to mid-2018. Sales volume in the entire residential market hit a
high too in 2018 at $26.5 billion, up 2.36 percent compared to the year
prior.
In 2018, 2,156 homes sold and closed for $1 million or
greater – up 18.14 percent compared to 2017. The closed dollar volume in
2018 in the luxury segment was a record-breaking $3.29 billion, up 18.10
percent compared to 2017. Activity with single-family homes priced over $1
million was up 39.4 percent over the year prior, with 3,892 active
listings in 2018. Condo listings in 2018 were up 58.66 percent year over
year with 1,685 active listings at year-end. Notably, in the entire luxury
residential market, the average price of a home that sold dipped slightly
to $1,525,441, down 0.03 percent, and the median priced remained unchanged
since 2014 at $1,300,000. The highest priced single-family home that sold
in December was $6,800,000 representing seven bedrooms, 12 bathrooms and
9,826 above ground square feet in Cherry Hills Village. The highest priced
condo sale was $1.68 million representing three bedrooms, four bathrooms
and 3,117 above ground square feet in Denver. Meanwhile, the luxury condo
market held strong with 16 units sales in December, which is on target
with the 16 units that sold in November and in December of 2017. Notably,
the days on market in the condo sector dropped over 55 percent to 54 days
in December from 121 days in both the month prior and December of 2017.
Alternatively, from the single-family market, the condo segment saw a dip
of just over one percent of the close-price to list-price ratio.
DOWNLOAD THE
JANUARY 2019 DENVER REAL ESTATE MARKET TRENDS REPORT
Single Family Homes | Single Family Condos |
Residential Market | Luxury Market ($1Million +)
Denver CO Real Estate Market Snapshot & Infographics by Anthony Rael, RE/MAX Alliance
Source:
Denver Metro Association of REALTORS® Market Trends Committee #dmarstats
Infographics Courtesy
of:
Anthony Rael, RE/MAX Alliance
Archived Denver
Real Estate Market Reports
Month-end Inventory, Average & Median Sales Prices, Days on Market
(DOM), Price Appreciation, Sales Volume & More!
City and County Real
Estate Market Reports
Denver Colorado Real Estate Market Statistics & Trends
Reports - Main Index
March 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
February 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
January 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
December 2018 - Denver Colorado Real Estate Market Statistics & Trends
Report
November 2018 -
Denver Colorado Real Estate Market Statistics & Trends Report
October 2018 -
Denver Colorado Real Estate Market Statistics & Trends Report
September 2018 -
Denver Colorado Real Estate Market Statistics & Trends Report
August 2018 -
Denver Real Estate Market Trends Report
July 2018 -
Denver Real Estate Market Trends Report
June 2018 -
Denver Real Estate Market Trends Report
May 2018 -
Denver Real Estate Market Trends Report
April 2018 -
Denver Real Estate Market Trends Report
March 2018 -
Denver Real Estate Market Trends Report
February 2018 -
Denver Real Estate Market Trends Report
January 2018 -
Denver Real Estate Market Trends Report
December 2017 -
Denver Real Estate Market Trends Report
November 2017 -
Denver Real Estate Market Trends Report
October 2017 -
Denver Real Estate Market Trends Report
September 2017 -
Denver Real Estate Market Trends Report
June 2017 -
Denver Real Estate Market Trends Report
May 2017 -
Denver Real Estate Market Trends Report
April 2017 -
Denver Real Estate Market Trends Report
March 2017 -
Denver Real Estate Market Trends Report
February 2017 -
Denver Real Estate Market Trends Report
January 2017 -
Denver Real Estate Market Trends Report
December 2016 -
Denver Real Estate Market Trends Report
November 2016 -
Denver Real Estate Market Trends Report
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Denver Real Estate Market Trends Report
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Denver Real Estate Market Trends Report
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Denver Real Estate Market Trends Report
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Denver Real Estate Market Trends Report
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Denver Real Estate Market Trends Report
May 2016 - Denver Real Estate Market Trends Report
April 2016 - Denver Real Estate Market Trends Report
March 2016 - Denver Real Estate Market Trends Report
February 2016 - Denver Real Estate Market Trends Report
January 2016 - Denver Real Estate Market Trends Report
December 2015 - Denver Real Estate Market Statistics & Trends Report
November 2015 - Denver Real Estate Market Statistics & Trends Report
October 2015 - Denver Real Estate Market Statistics & Trends Report
September 2015 - Denver Real Estate Market Statistics & Trends Report
August 2015 - Denver Real Estate Market Statistics & Trends Report
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Denver Real Estate Market Statistics & Trends Report
June 2015 -
Denver Real Estate Market Statistics & Trends Report
May 2015 -
Denver Real Estate Market Statistics & Trends Report
April 2015
- Denver Real Estate Market Statistics & Trends Report
March 2015
- Denver Real Estate Market Statistics & Trends Report
February 2015 - Denver Real Estate Market Statistics & Trends Report
January
2015 - Denver Real Estate Market Statistics & Trends Report
NOTES:
Interview requests from the media should be directed to DMAR's
Marketing Communications at (303) 300-8490
MLS stats are tracked in arears, so the published report
is for the previous month-end activity
The DMAR 'Premier Market' is
defined as $500,000 to $749,999
The DMAR 'Signature Market' is
defined as $750,000 to $999,999
The DMAR 'Luxury Market' is
defined as $1,000,000 and over
11-Counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver,
Douglas, Elbert, Gilpin, Jefferson & Park
Research: Denver Metro Association of REALTORS® Market Trends
Committee
The DMAR Market Trends
Committee, part of the Denver Metro Association of REALTORS®, provides
timely, consistent, and relevant monthly summaries of valuable local
real estate market statistical data for both its members and the
general public. Statistics from the “Denver Metro Real Estate Market
Trends Report” provide data for the following counties: Adams,
Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert,
Gilpin, Jefferson, and Park. Source of the reported data is REcolorado.
Stats & Infographics Courtesy
of:
Anthony Rael, RE/MAX Alliance
Media Coverage
Former Denver Metro Association of Realtors Market Trends Chairman
Anthony Rael with RE/MAX Alliance is a trusted "go-to" real estate
expert for local, regional and national media. Below is a list of
recent media interviews with Anthony providing expert commentary.
Below are a few of media interviews he's provided commentary on:
Colorado Public Radio - Climbing Denver Home Prices Finally
Spark Some Building
Colorado Public Radio - Denver Home Prices Are Still
Climbing. The Good News? Price Growth Is Slowing
HousingWire.com : Mile-high Appreciation &
Mile High Appreciation
Colorado Public Radio - As Buyers Spar Over Denver Homes,
Veterans Find Themselves At A Disadvantage
VeroFORECAST Predicts Continuing Strength in Housing Market :
Top Markets Rising 10 Percent Over The Next 12 Months
Denver Business Journal : Denver area housing market to see big
value increase in 2018: Report
Denver7 & TheDenverChannel.com : Realtors warn of potential
security flaw at homes listed for sale
Denver Post : Denver, northern Front Range real estate party
ends in late 2019, new forecast predicts
Denver Business Journal [Video] : Battles are fierce for bidding
homebuyers in metro Denver
Denver7 & TheDenverChannel.com : Thieves breaking into Denver
homes are using real estate lockboxes to do so
5280 Magazine : Denver’s 2017 Real Estate Outlook
Denver Post : Denver area still lags in new home construction
Denver Business Journal : Metro Denver home inventory
shortages persist as prices continue to grow
Denver Post : Metro Denver home prices slightly down, condo
prices up in August: Rush on appraisals
Denver Real Estate Watch : Seasonal real estate peak
Denver Post : Home prices drop in metro Denver as
affordability becomes an issue
Denver Business Journal : Metro Denver home prices continue
strong gains
Denver Real Estate Watch : Record home price takes a breather
Worth
Magazine : Influx of millennials creating exciting investment
opportunities in Denver
Denver Post : Metro Denver sees a big jump in the inventory of
homes for sale in June
Denver7 & TheDenverChannel.com : Finding a home for sale is
hard to come by these days, but some have made it work
Denver Business Journal : Metro Denver home inventory up in
June, but prices climbed faster
Denver Post : Denver median home sold price nears $400,000
CBS4 News : Denver’s Housing Market Just Keeps Getting Tighter
CBS4 News [Video] : Denver’s Housing Market Just Keeps Getting
Tighter
Denver Post : Frustration rises as a fifth of Denver home sale
deals fall through in April
Denver Business Journal : Metro Denver housing inventory hits
record low for May
Denver Post : Inventory of homes for sale hits record low in
metro Denver
9News Denver [Video] : Low inventory leads to creative
home-buying tactics
Denverite : Do people move to Colorado for legal weed? Probably
not, but no one knows for sure
Denver Post : Denver home sale listings jump 33.6 percent over
record-low February
Denver Business Journal : Denver-area home prices continue to
climb; low-priced inventory scant
Denver Business Journal : $20 billion in metro Denver home sales
in 2015 and other records
Denver Business Journal : Denver home inventory continues climb
in November, but so do prices
Denver Business Journal : Colorado home prices up 12 percent,
but inventory up too
Denver Business Journal : Denver-area house prices up 11%, but
slowdown could be in sight
Denver Business Journal : Colorado's home-price pressure eases
with influx of new listings
Denver Business Journal : Is Denver's residential real estate
market cooling off?
Denver Business Journal : Torrid metro Denver home-price pace to
continue
Denver Business Journal : Passing $400K, average Denver-area
house sale prices hit all-time high
Denver Business Journal : Metro Denver home supply down 32% in
March from year ago
Denver Business Journal : Average home price in metro Denver
tops $390K
Denver Business Journal : Denver metro home sales created a $22
billion impact in 2014
Denver Business Journal : Denver area home buying continues
slowdown
Denver Business Journal : Residential real estate market
softened in Denver during August
Denver Business Journal : Metro Denver homebuying hits $1.9
billion in monthly sales
Denver Business Journal : Buying a metro Denver home? It will
cost you more than ever
Realty Today : Four Factors That Play Important Roles in
Denver's Real Estate Market in 2016
5280 Magazine : Issues That Will Impact the 2016 Real Estate
Market
MONEY Magazine : Buyers Guide: How to Beat the Competition in a
Hot Housing Market
Denver Business Journal : Anthony Rael, Denver Real Estate Agent
& DMAR Market Trends Chair
Colorado Springs Gazette : Colorado Springs' lower home prices
lure frustrated Denver buyers
Kiplinger Magazine : Money-Smart Tactics to Prosper in This Hot
Housing Market
Denver Business Journal : Anthony Rael, Denver Real Estate Agent
& DMAR Market Trends Chair
TIME-Money Magazine : The Letter That Saved $11,000. Really.
Builder and Developer Magazine : Denver’s Housing Market Just
Keeps Getting Tighter
MSN Money : Millennials shift to buying as rents surge
DenverPost.com : Anthony Rael, Denver Real Estate Agent & DMAR
Market Trends Chair
Glossary of Terms for Real Estate Stats
What is Median Sale Price?
What
are Active Listings?
What are
New Listings?
What
are Sold Listings?
What is Pending/Under
Contract?
What are Days on Market?
What is the Affordable
Housing Index?
What are Months Supply of
Listings?
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