Denver’s real estate market shows no signs of cooling down as recent data from the S&P/Case-Shiller Home Prices Indices report shows. Home-resale prices in metro Denver rose by 9.2 percent (nearly double the national average) in January from a year earlier, the highest annual growth rate since last July. Additionally, Denver once again ranked third among the 20 large cities for year-over-year growth in home resale prices.
Other highlights from the report include:
Only Seattle and Portland saw greater annual growth rates in January, at 11.3 percent and 9.7 percent respectively.
Nationwide, home-resale prices rose 5.9 percent in January from a year earlier.
Denver's Case-Shiller home price index in January set a new record at 190.75. That means that local home resale prices averaged 90.75 percent higher than they were in the benchmark month of January 2000.
Case-Shiller numbers for metro Denver cover a 10-county area: Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park counties. The Case-Shiller index is compiled by comparing matched-price pairs for thousands of single-family homes in each market.
While prices here are on the rise, there are certainly good deals to be found. That is, if you have the right pros on your team. If you’re in the market to buy in Denver, give Metrowest a call today 720-932-4401 – we’d love to show you around!
Author:Renee Hoffman Phone: 303-324-4357 Dated: April 3rd 2017 Views: 348 About Renee: ...
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Since 2003, Metrowest Real Estate Services has been Denver’s premiere resource for residential, foreclosure, REO and investment real estate. When helping you buy or sell, our mission is to provide excellent customer service to our corporate and individual clients by ensuring that our agents exceed all standards for market knowledge, professionalism, and client support. Whether you are a high volume investor or a first time homebuyer, our team at Metrowest can help you realize your real estate goals! Metrowest is your Denver Colorado Real Estate Team. We specialize in helping you get the most of your sale, purchase or investment.
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