May Stats and Market Info

Colorado Association of REALTORS Statewide Statistics

With spring here in all its bounty, it’s time to renew, refresh and revive our understanding of what’s

fueling the ongoing market recovery. First, tightened inventory levels combined with strong demand

are fueling price gains in many areas. Second, consumer demand is shifting from distressed properties

to conventional homes. Third, record-low mortgage rates and rising rents are supporting housing recovery.

Let’s check the local scene.

New Listings decreased 7.2 percent to 31,925. Sold Listings increased 16.1 percent to 18,343. Inventory

levels were at 30,114 units. Prices moved higher. The Median Sales Price increased 14.8

percent to $225,000. Days on Market was down 21.7 percent to 90 days. Months Supply of

Inventory was at 4.1 months.

On the economic front, things inched forward. We saw a minor but important upward revision to

Q4-2012 GDP growth that put us back in positive territory. In the political arena, key debates

over the deficit, marriage, gun law, immigration reform and tax policy rage onward. The squeaky

wheel gets the grease, and with this emerging housing recovery, there are no imminent

housing-related bills. Perhaps that’s a good thing.

Current as of April 12, 2013. All data from the multiple listing services in the state of Colorado. Powered by

10K Research and Marketing.

 

 635 Gooseberry Dr, 1908
 $175,900
 Longmont, Colorado
 

 2734 Sunset Place
 $394,900
 Erie, Colorado

 1400 Bluebell Ave
 $1,100,000
 Boulder, Colorado

1758 Hogan Ct
$230,000
Castle Rock, Colorado

 Mortgage Type
 National
 Local
 15 Year Fixed
2.92%
2.625%
 30 Year Fixed Jumbo
4.12%
4.125%
 30 Year Fixed
3.58%
3.375%
 5/1 Arm
2.81%
2.75%
 5/1 Arm Jumbo
2.96%
2.875%
 FHA 30 Year Fixed
3.375%
3.25%
Examples and are based on market conditions as of May 2nd, 2013. Local rates include 1 point paid to Lender. This is not a guarantee of any kind.  Interest Rates are subject to daily change based on market conditions and a variety of specific qualifications for borrowers.
 

Local News

WhiteWave seeking office space in Denver  Natural foods company WhiteWave Foods Co. is seeking space in Denver for a corporate office it wants to open in June, according to a company spokeswoman. Employees at the Denver office will perform “certain corporate functions” of WhiteWave, Sara Loveday, a spokeswoman in WhiteWave’s office in Broomfield, said in an email statement. The new location will not impact WhiteWave’s North American division office in Broomfield, Loveday said. Read More

Rental rates in Boulder Valley hit record    BOULDER – Residential rental rates in Boulder and Broomfield counties have hit an all-time high. The counties are those in the Denver metro area that continue to have the lowest vacancy rates and the highest rents per square foot, according to the latest Denver Metro Apartment Vacancy and Rent Survey, released Monday by the Apartment Association of Metro Denver and the Colorado Division of Housing. Read More

Projects pick up steam in Boulder  BOULDER — New commercial construction in Boulder generally takes a back seat to home remodels and tenant refinishes, mainly because of the shortage of undeveloped land within the city’s limits and what some perceive as the city’s anti-development attitude. Despite that, commercial projects have become more prevalent lately. Read More

Denver metro apartment rents rise to all-time high in Q1 2013   Apartment rents in metro Denver have hit an all-time high, according to a report released Monday by the Apartment Association of Metro Denver and the Colorado Division of Housing. The report said that as the apartment vacancy rate has continued to decline, the area’s average rent increased to the highest level recorded in any quarter.
Read More

National News

Home prices: Biggest rise since housing bubble  The S&P Case-Shiller index, which tracks the 20 largest markets in the nation, showed the biggest year-over-year gain in prices since June 2006. Read More

Housing industry boosts employment (MoneyWatch) Despite an economic picture that looks considerably rosier than it has in the past few years, one nagging problem continues to hinder economic growth: Unemployment. For the first time in years, the housing industry may be able to help. While the most recent unemployment surveys for March are weak overall, the housing recovery is responsible for a rare bright spot: Construction job growth, according to Freddie Mac’s U.S. Economic and Housing Market Outlook report. Read More

Housing is back! Best moves for homebuyers Six years after prices collapsed, housing has begun to climb out of its hole. So what are the best moves to make now? In a three-part series, we offer smart strategies for buyers, sellers, and owners in today’s market.  Read More

Unusual? Beautiful? Life would be dull if all houses were the same — but some are a little more unique than others. Check out this collection of unusual homes.

May 27th

Bolder Boulder   http://www.bolderboulder.com/

May 24th-27th

Boulder Creek Festival   http://www.bceproductions.com/boulder-creek-festival/

May 18th

Colfax Marathon  www.coloradocolfaxmarathon.org

May 31st

Denver Comic Con  http://www.denvercomiccon.com/

May 31st

Boulder County Cycle Fest  www.coloradomtb.org

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