Denver Rated as the THIRD –BEST Performing City
for housing of the major metropolitan areas
Week on InsideRealEstateNews.com
Case-Shiller Ranks Denver Third
The closely watched Case-Shiller index released today shows that in March the Denver-area housing market was the third-best performing city of the major metropolitan areas it tracks. Denver also boasted its biggest percentage increase in almost two years. Denver showed a 2.6 percent year-over-year gain in March, compared with a 2.6 percent decline for the 20 metropolitan statistical areas tracked in the S&P/Case-Shiller Home Price Indices.
Luxury Market Bounces Back in May
The luxury housing market in the Denver area bounced back in May, with 50 sales of $1 million or more, a 31.6 percent jump from May 2011, according to a report by the Kentwood Real Estate Co. The dollar volume last month showed a similar percentage increase, hitting $71.5 million from $54.4 million in May 2011. The most expensive home sold last month fetched $3.6 million, 18 percent higher than the most expensive home in May 2011, which sold for $3.05 million.
New Home Numbers Low, But Percentage Gains Huge
Home building in the Denver area rose by 43.4 percent in the first four months of the year, compared to the same period in 2011, according to a report released today. An increase in building permits for single-family, detached homes is a trend for more than a year, said Jeff Whiton, President and CEO of the Home Builders Association of Metro Denver, which released the building permit report.
CHFA Unveils Tax Credit Program
In celebration of National Homeownership Month, CHFA has launched a new program to help Colorado's first-time homebuyers save up to $2,000 annually on their federal income taxes. The program, called CHFA SmartStep, combines CHFA's most affordable 30-year fixed rate mortgage with a Mortgage Credit Certificate and optional down payment assistance.
Home Prices Break $300,000
June 4th, 2012
The Denver-area housing market was hot in May. The number of previously owned homes and closings rose by almost 24 percent from May 2011, while the average price of a single-family home closed last month topped $300,000 for the first time since 2007, shows a report released today
It is a GREAT time to buy or Sale a home in Metro Denver. For specific statistics and information about YOUR neighborhood or home give me a call or email me.
– Realtor- Your Castle Real Estate