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Colorado Real Estate Market Report March 2021

Denver Realtor Reviews: Colorado Real Estate Market Statistics for March 2021

Real Estate Market Statistics for the metro Denver area, Colorado Springs Pikes Peak region, and Northern Colorado. 

Metro Denver Colorado Real Estate Market Statistics as of March 2021

Denver Metro is generally composed of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson Counties. Metro Denver in Colorado saw a 75.9% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the Denver front range which includes Denver, Aurora, Lakewood, Thornton, Arvada, Westminster, Centennial, and Highlands Ranch as the largest cities in the area saw a 9.4% decrease in new listings and an 11.2% increase in closed home sales. The median home price in Denver metro increased by 12.7% from $440,000 to $496,000.
Colorado Real Estate Market Report South Metro Denver REALTOR Association March 2021

Southern Front Range Colorado Real Estate Market Statistics as of March 2021

Colorado Springs is generally composed of El Paso County and Teller Counties. The Pikes Peak region in Colorado saw a 73.9% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the southern front range around Colorado Springs, which includes Colorado Springs, Monument, Falcon, Fountain, Manitou Springs, and Woodland Park saw a 21.1% decrease in new listings and a 6.2% decrease in closed home sales. The median home price in Colorado Springs metro increased by 14.5% from $380,000 to $435,000
Colorado Real Estate Market Report Pikes Peak MSA March 2021

Northern Colorado Real Estate Market Statistics as of March 2021

Northern Colorado is generally composed of Boulder, Larimer, Logan, Moran, and Weld Counties. The Northern Front Range region in Colorado saw a 75.5% decrease in the real estate inventory, which is the number of homes available for sale. Additionally, the northern front range area that includes Boulder, Broomfield, Fort Collins, Greeley, Longmont, and Loveland saw a 10.1% decrease in new listings and a 7.6% increase in closed home sales. The median home price in northern Colorado increased by 9.1% from $405,000 to $441,900.
Colorado Real Estate Market Report Northern Front Range MSA March 2021

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Colorado Real Estate News March 2021

 

 

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

Published by
Chris Gibson & Brandon Gibson

17 March 2021

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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. I hope you find this latest version of my newsletter interesting and helpful. We can not thank you enough for all the referrals. Have a great day! 
Best regards,
Chris Gibson & Brandon Gibson


Construction supply shortage creating new challenge for homebuilders

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thumbnail koaa­.com – Supplies like lumber have been pretty scarce because of the pandemic

6 Simple Graphs Proving This Is Nothing Like Last Time

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thumbnail keepingcurrentmatters­.com – Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic.

Buying “Site Unseen” – Realty Times

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thumbnail realtytimes­.com – You can buy almost anything online sight unseen, but should you buy a home without stepping inside—site unseen? The motivation for buying a property w…

These Vibrant Front Door Colors Will Give Your Home a Pop

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thumbnail elledecor­.com – Sure, you should never judge a book by its cover, but we’d forgive you for judging a home by its front door color. These 25 ideas go way beyond basic brown and black.

Denver’s Best Photo Opportunities | VISIT DENVER

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thumbnail denver­.org – Denver has amazing photo ops: kayakers shooting rapids, the sun setting over the Rockies, Red Rocks Amphitheatre. Here are 10 of our favorite spots.

9 Steps to Help Decide on Solar Energy for a Home

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thumbnail magazine­.realtor – Provide value-add for your green-minded clients and walk them through what they need to consider before installing solar panels.

Modern Home Work Spaces So Inspiring, You’ll Never Want to Go to the Office Again

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thumbnail housebeautiful­.com – Discover 15 modern home offices from designers to inspire your own workspaces, no matter how much room you have to dedicate to a desk.

Where’s All the Public Artwork Honoring Colorado Women?

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thumbnail 5280­.com – Through her AZ Foundation, Carrie MaKenna is on a mission to seek out and install artwork that represents the achievements of Colorado women.

Why Colorado Didn’t Do Better in U.S. News Best States Ranking

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thumbnail westword­.com – The state tumbled seven places in four years.

This Is How Long It Takes to Buy a Home in 2021

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thumbnail time­.com – Even in a hot real estate market, the homebuying process can take months from start to finish. Here’s exactly how it unfolds—and how to speed it up.

Metro Denver housing market selling homes faster and faster

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thumbnail denverpost­.com – At the end of last month, there were only 1,120 townhomes and condos available for sale across all of metro Denver and nearby areas, according to a monthly update from the Denver Metro Association of…

Winter Hasn’t Cooled the Red-Hot Housing Market (January 2021 Market Report) – Zillow Research

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thumbnail zillow­.com – Annual growth in home values was faster in January than at any point since the years preceding the 2008 Great Recession.

Denver Rent Rising Again After Year-Long Plunge

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thumbnail westword­.com – Mile High rent costs fell for most of 2020.

Mortgage rates continue to rise to 3.05%

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thumbnail housingwire­.com – Labor market optimism, continued vaccination roll-out and additional stimulus helped push the average mortgage rate to 3.05%.

How much will a second-home cost you in Colorado’s mountain towns?

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thumbnail kdvr­.com – Despite a lack of inventory and sky-high prices, second-home sales in Colorado are soaring. According to a national survey highlighted by the Colorado Association of Realtors, second-home

Buyers Are Increasingly Shopping for Multigen Homes

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thumbnail magazine­.realtor – The number of home shoppers buying a multigenerational home since the pandemic has risen to a nine-year high of 15%, according to data from the National Association of REALTORS® dating back

UWM to block brokers working with Fairway and Quicken

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thumbnail housingwire­.com – UWM announced that it will no longer partner with brokers who work with Rocket Mortgage and Fairway Independent Mortgage Corp.

What Do You Call a $630K Home in Denver? Below Average

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thumbnail westword­.com – Another month, another mind-blowing record price.

Denver housing market remains a tough nut to crack for first-time buyers

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thumbnail denverpost­.com – First-time homebuyers don’t need another report telling them how hard it is to get a foot in the door, but metro Denver continues to rank as one of the least affordable housing markets outside either…

The Formula for Making a Winning Offer on a Home

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thumbnail housebeautiful­.com – This is what it takes to stand out in a competitive market, according to buyers’ agents.

Denver Homes are Still Selling Fast and for Top Dollar

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thumbnail 5280­.com – Single-family home prices in the Denver metro area exceeded $630,000 in February, while attached properties hit a new high.

Want To Buy A House In Denver? Do It Fast And Prepare For A Bidding War

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thumbnail cpr­.org – Homes in the Denver metro were on the market for an average of just five days last month.

The property line: Why you should stop waiting to sell your home

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thumbnail thedenverchannel­.com – It’s a self-reinforcing market failure: Would-be sellers worry that they won’t find their next house, so they stay put, exacerbating a shortage that deters other owners from putting their homes on th…

The Ballpark’s Newest Development Will Host a Few Familiar Names

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thumbnail westword­.com – A big new multi-use development next to Denver’s Coors Field will draw Colorado Rockies fans and more with new restaurants and a hotel.

5 first-time homebuyer mistakes to avoid

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thumbnail housingwire­.com – Are you a first-time homebuyer? Here are five of the most common homebuying mistakes, and what steps you can take to avoid them.

Metro Denver’s crazy housing market is likely to stay, ‘hot hot hot!’

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thumbnail thedenverchannel­.com – Supply still can’t keep up with demand in the metro Denver housing market. New numbers from the Denver Metro Association of Realtors (DMAR) show the average home sold in just five days in January.

What $500K gets you in Denver’s real estate market

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thumbnail news­.yahoo­.com – The average home close price in Denver was $550K in January, so Axios wanted to see what you can get below that price point in the area’s real estate market.Here’s a comparison of three homes that re…

Denver Home Prices Continue to Climb. How High Will They Go?

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thumbnail 5280­.com – The records don’t stop with single-family homes. The average price of attached properties also exceeded $395,000 for the first time.

New-Home Buying Rush Likely to Continue in 2021

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thumbnail magazine­.realtor – More house hunters—particularly move-up buyers—are being drawn to new-home construction in the COVID-19 pandemic, so much so that it’s driving a surge in construction across the country.

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