In a bit of good news for area home buyers, the median home price in metro Denver remained unchanged in June, which may be a signal that the real estate market in the Mile High City is hitting its
Spring Brings Record Home Prices For Denver Metro North
Whether you’re buying or selling in the Front Range, there’s no doubt our area has one of the most active housing markets in the country. In fact, four metro areas in Colorado set records in March for gains in home prices.
The Denver Post reported that Denver, Boulder, Fort Collins and Greeley all saw the median price of a home sold climb to a new high in March. According to the article, only three other cities in the U.S. experienced identical gains.
While Colorado very much dominated the real estate market in March, experts agree constraints must be enacted to help maintain any sense of affordability.
Daren Blomquist, a vice president at RealtyTrac said the envelope is being pushed on affordability in Front Range and at some point the constraints have got to kick in. “I would expect to see that in the next year in the Front Range,” he said.
According to the RealtyTrac report for March:
Boulder County's median price for homes sold in March hit $451,250.
Metro Denver's was at $325,200.
Fort Collins, including Larimer County, was at $295,000.
Greeley, including Weld County, climbed to $257,500.
Check out the full article here. Interested in buying or selling in the Front Range? Contact Metrowest today and see how we can help!
Ken Blevins, Chief Executive Officer of Metrowest Real Estate Services, is a veteran in mortgage and default servicing with more than 23 years of experience in collections, foreclosure/bankruptcy, los....