Colorado Real Estate News May 2021

Colorado Real Estate News

Colorado Home Loan Originators Brandon Gibson & Christopher Gibson – www.GibsonHomeLoans.com

	Published by
	Chris Gibson & Brandon Gibson

14 May 2021

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*|FNAME|*,We know you expect us to be in the know when it comes to real estate news in and around Denver and Colorado, and now you can be too. We hope you find this latest version of our newsletter interesting and helpful. We cannot thank you enough for all the referrals. Have a great day!
Best regards,
Chris and Bradon Gibson

Median Colorado Single Family Home Price Tops $500K for First Time

	Shared by
	Chris Gibson & Brandon Gibson

westword.com
– The prices are even higher in metro Denver.

Record-breaking real estate frenzy is changing the culture of Colorado’s mountain towns as locals are priced out

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	Chris Gibson & Brandon Gibson

coloradosun.com
– Highest-ever home prices in Eagle, Gunnison, Pitkin, Routt, San Miguel and Summit counties are changing the culture of mountain communities.

Loretto Heights rezoning request approved, moving grand reimagining for the campus forward

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	Chris Gibson & Brandon Gibson

denverite.com
– Construction on the site in southwest Denver is already underway.

What to Expect From Denver’s Summer Real Estate Market

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	Chris Gibson & Brandon Gibson

5280.com
– Experts say this summer could be one of the craziest times to buy a home in recent memory.

Denver’s housing market is booming, but will it bust?

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	Chris Gibson & Brandon Gibson

news.yahoo.com
– No doubt Denver is experiencing a housing frenzy. The question is: Will the boom bust? What they’re saying: “I don’t think there’s any chance of a bubble here. … We have people with a lot of equity,”

Denver’s real estate market breaks 16 records in April 2021

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	Chris Gibson & Brandon Gibson

kdvr.com
– The Denver Metro Association of Realtors market trends report shows 16 sales related records were broken last month. One of the records is the average price of homes being sold.

Metro Denver housing market developing a taste for luxury

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	Chris Gibson & Brandon Gibson

denverpost.com
– Last year’s pandemic lockdown complicates any year-over-year comparisons when it comes to metro Denver’s housing market, but a few trends definitely remain in play, and some new ones are emerging.

The Best Rooftops Patios in Denver and Beyond

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	Chris Gibson & Brandon Gibson

5280.com
– Raise a glass at one of these sun-soaked rooftop bars and restaurants this summer.

Colorado Springs home prices again skyrocket to record highs

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	Chris Gibson & Brandon Gibson

gazette.com
– Colorado Springs-area home prices hit another round of record highs in April, a new Pikes Peak Association of Realtors report shows. A shortage of homes for sale and strong demand

Tips for buyers in a competitive housing market

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	Chris Gibson & Brandon Gibson

9news.com
– Denver’s highly competitive housing market shows no signs of slowing down. Increasing demand for homes means more competition and higher prices.

How Realtors Are Dealing with Denver’s Crazy Housing Market

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	Chris Gibson & Brandon Gibson

5280.com
– Some agents are waking up at 2:30 a.m. to schedule showings. Others are spending hours trying to catch potential listings before they go on the market.

These Denver neighborhoods are getting the biggest property tax hikes

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	Chris Gibson & Brandon Gibson

denverite.com
– Let’s dive into assessment data, shall we?

Mortgages for second homes skyrocket 178%

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	Chris Gibson & Brandon Gibson

housingwire.com
– A recent Redfin study found the number of buyers who locked in mortgage rates for second homes soared 178% year over year in April.

You Read Your Mail Right. Property Values Are Up In Mesa, Boulder And Across Colorado.

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	Chris Gibson & Brandon Gibson

cpr.org
– Some Coloradans are getting big surprises in their mailboxes this month. County assessors are busy sending out new appraisals to homeowners, as they do every two years. The new assessments mean tax b…

Housing starts are rising, despite cost to buyers

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	Chris Gibson & Brandon Gibson

housingwire.com
– 25.7% of single-family homes for sale during Q1 were new-construction homes, as March housing starts jumped nearly 20% month over month.

Denver’s changing suburbs: The future is older and more racially and ethnically diverse

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	Chris Gibson & Brandon Gibson

denverpost.com
– Denver’s suburbs are changing rapidly and will continue in the next decade with a double-digit percentage growth in racial and ethnic diversity and a quick expansion in the number of older people.

Denver landlords need long-term rental licenses under new law

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	Chris Gibson & Brandon Gibson

denverpost.com
– By Jan. 1, 2024, all Denver landlords will be required to hold long-term rental licenses for each of their properties under a new law approved by the City Council on Monday night.

“Insane” housing market: More metro Denver buyers willing to pay whatever it takes to get a contract

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	Chris Gibson & Brandon Gibson

denverpost.com
– Metro Denver’s housing market has run hot for eight or nine years now, so nobody would blame it for taking a breather, especially a year into a pandemic. Instead, the frenzied pace has only sped up, …

Record lumber prices are adding $35,000 to the sale price of a new home, further crunching Colorado’s housing market

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	Chris Gibson & Brandon Gibson

coloradosun.com
– Colorado’s housing market was already expensive before lumber costs skyrocketed 240%, adding $35,000 to a home’s sale price.

Coloradans are worried about affordable housing and want the government to do something about it, poll shows

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	Chris Gibson & Brandon Gibson

coloradosun.com
– Most Colorado voters think their state has an affordable housing problem and want the government to intervene to solve it, a new poll from Magellan Strategies shows. The online survey of 508 register…

Should You Pop the Top on Your Home?

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	Chris Gibson & Brandon Gibson

5280.com
– That is the question many Denverites are pondering as they balance the need for more space with the challenges of entering the city’s competitive housing market. Here, local contractor and pop-top ex…

Million-Dollar Home Sales Outpace Those in Other Price Points

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	Chris Gibson & Brandon Gibson

magazine.realtor
– Million-dollar listings are a hot commodity. The number of homes sold for more than $1 million jumped by 81% in February compared to a year earlier. Meanwhile, the number of homes sold for under

Home prices soared in March amid record demand

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	Chris Gibson & Brandon Gibson

housingwire.com
– Home prices soared in the U.S. to a median $356,000 in March 2021, up 18% year over year. And homes on average sold in just 21 days.

Stories • Leisure • Super Local • For Realtors • Homes & Trends • Colorado Mortgages

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Colorado Real Estate News May 2021

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