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Housing Market Minute

February 3, 2017 by dwellmilehigh

Housing Market Minute – Feb. 2, 2017

	The Fed met yesterday,as expected there was no rate increase for now. The Fed has said it expects to raise rates 3 times this year.

	The average sales price for January single family detached homes came to $425,054. and $284,788 for Condos and Townhomes. ( Data provided from REColorado for Aurora, Northglenn, Westminster, Lakewood, Thornton, Arvada, Englewood, Edgewater, Centennial, Littleton, Bloomfield, Denver, Golden, Lone Tree)

	We will be hosting an Open House this Sunday Feb. 5 from 11:30 – 3:30 4890 S. Inca St. Englewood Colorado for more details and pictures click here.

2016 Quick Facts

January 10, 2017January 10, 2017 by dwellmilehigh

Average Sold Price quickfacts7

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Quick Facts data provided by REColorado

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Housing Market Minute – Dec. 2, 2016

December 2, 2016 by dwellmilehigh

In the Denver Metro area the average sale price in November was $384,858 a 2% increase from October. This includes both single family attached and detached homes.
( Aurora, Northglenn, Westminster, Lakewood, Thornton, Arvada, Englewood, Edgewater, Centennial, Littleton, Bloomfield, Denver, Golden, Lone Tree)
Regardless of increasing prices, pending home sales continued to rise in October. Demand remains strong and inventory remains tight across much of the nation.
Construction spending in October increased to a 7-month high, driven by the residential sector. Overall, combined spending was up 3.4% over the previous year.

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Housing Market Minute October 10, 2016

October 11, 2016October 10, 2016 by dwellmilehigh

CaseLogic forecasts housing prices will rise 5.3% by next August. The increase would see home prices hit a new peak in 2017.
In the Denver Metro area the average sale price in September was $375,314 this includes both single family attached and detached ( Aurora, Northglenn, Westminster, Lakewood, Thornton, Arvada, Englewood, Edgewater, Centennial, Littleton, Bloomfield, Denver, Golden, Lone Tree)
There was a slight rise in active inventory of 1.10% year over year (for the Denver metro area-single family and condos).

Housing Market Minute – Sept. 9, 2016

October 11, 2016September 9, 2016 by dwellmilehigh

homes_

The strong labor market has home buyers feeling more secure than ever. More than 73% of those polled were not concerned with the possibility of losing their job.

In the Denver Metro area the average sale price in August was $377,551 this includes both single family attached and detached.

( Aurora, Northglenn, Westminster, Lakewood, Thornton, Arvada, Englewood, Edgewater, Centennial, Littleton, Bloomfield, Denver, Golden, Lone Tree)

The trend in new home construction is for more bedrooms. Homes with 3 or fewer bedrooms have decreased, while homes with 4 or 5 bedrooms have increased.

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Housing Market Minute – August 5, 2015

August 5, 2016 by dwellmilehigh

For week ending August 5, 2015

Construction spending on single-family homes was down slightly in June but up 4.8% over last year. June also saw increased spending on home improvements.

A new trend in kitchen design is to use mixed colors in cabinetry and countertops. A recent survey found 42% of remodelers used multiple colors.

Home price reports show nationwide prices up 5.7% year-over-year in June. Prices are expected to continue to increase at a healthy rate for the next year.

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