Last week I attended Your Castle Real Estate's Quarterly meeting. The owners of the company reviewed the "State of the Denver RE Market". Below is a quick summary.
Please let me know if you would like to see more detailed information.
Charles Roberts summarized the "Trends for the Denver Real Estate Market":
- Overall still a very strong market
- Sales prices increased by 10% city wide over the past year
- Inventory remains low
- The market remains a sellers market - Lon Welsh, owner of YCRE, predicts that the market will remain a "sellers market" for the next 3-5 years.
City of Denver's Mayor Hancock is currently using the YCRE price change map to track the impact of the improvements they are currently making city wide. The large map was seen hanging on the Mayor's office walls. Let me know if you would like a copy too!
Did you know which Denver neighborhood had the largest price change last year?
Globeville had a 41% price increase in 2013
Globeville is located at the intersection of I-70 and I-25
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