A new report from two Denver-area companies shows that the average rental rate for three-bedroom, single-family detached houses was $1,679 in the first quarter. The report was compiled by Real Property Management Colorado, the Denver location of a national property management franchise, and RentRange, a Westminster rental analytics company. The average first-quarter rent represented a […]
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Average home prices in metro Denver hit yet another new high in May, with average prices for a house topping out at an all-time high of $420,630. Data released Thursday by the Denver Metro Association of Realtors shows that the average price for a single-family detached home in May reached $420,630, while a report from […]
Home-resale prices in Metro area up by an average of 9.1 percent from a year earlier. This a fourteenth straight month increase with a year-over-year increase of 8.9 percent or more, according S&P/Case-Shiller Home Prices Index, recently released.
Every one of the 20 largest states saw consecutive positive month-over-month growth since May. Top spot went to Nevada; tied for second was California and Arizona, with third going to both North Dakota and Washington D.C.
Colorado’s hot real estate market has put some buyers in the prickly position of having to decide just how much they’re willing to pay for a property — even if it means paying more than it’s currently worth. Bidding wars not seen here since the turn of the millennium are slamming into once-sluggish sales that […]
Distressed inventory shrinks, despite rise in short sales. An industry-wide focus on the rising popularity of short sales may give the impression that properties are being liquidated at a faster pace. However, Morningstar’s Distressed Inventory Index shows a different story – the total rate of liquidation has actually decreased in recent months. Click Here to […]
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