denver, colorado housing market goes into turbo mode in 2021

denver, colorado housing market goes into turbo mode in 2021

The Denver, Colorado real estate market has officially entered turbo mode. So lower your safety bar and hang on for the ride, home buyers. According to a recent nationwide housing report, the Denver metro area is one of the fastest-moving housing markets in the country. At least among the nation’s 50 largest metros.

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see which CT towns gained or lost residents in 2020 - and how parts of new york and new jersey fared

see which CT towns gained or lost residents in 2020 - and how parts of new york and new jersey fared

A new study provides conclusive evidence of Connecticut’s appeal as a residential destination during the COVID-19 pandemic.

In 2020, Connecticut received a greater share of new arrivals than New York towns and villages spanning the lower Hudson River Valley and on Long Island.

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pandemic stories: northwest corner attracts two NYC families and a fairfield county transplant

pandemic stories: northwest corner attracts two NYC families and a fairfield county transplant

Litchfield County saw a real estate boom during the pandemic as New Yorkers — mainly Brooklynites — flocked to the country for fresh air and wide open spaces.

But it wasn't only city dwellers. At least one Fairfield County resident fled the "rat race" for the northwest corner too.

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covid-19 created the hottest real estate market denver has ever seen

covid-19 created the hottest real estate market denver has ever seen

Colorado has long been a desirable address, and the Denver metro area’s real estate market has been growing for years. But at the outset of 2020, nobody expected the year to be so exceptional. History tells us that elections, particularly contentious ones, typically slow things down as buyers and sellers wait out political and economic uncertainty.

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latest denver-area housing market stats: median single-family home price reaches $560K

latest denver-area housing market stats: median single-family home price reaches $560K

The rise in available for-sale housing that typically accompanies the transition from February to March failed to materialize in the Denver metro this year, as buyer demand continued to outstrip supply, according to the latest monthly report from the Denver Metro Association of Realtors.

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denver metro’s luxury home sales volume rises by 98% over year-ago levels

denver metro’s luxury home sales volume rises by 98% over year-ago levels

In 2021, the story is quite the opposite. The real estate market in Denver Metro is thriving and performing at record-breaking levels. Following the height of the quarantine period, many people realized how important their homes were and decided to take advantage of the historically low-interest rates to make their dreams of owning a home in the Mile High City a reality. This wave of motivated buyers flooded Denver Metro beginning in late spring and has maintained its momentum into this year.

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major challenges in denver metro area for new home seekers as median home price increases by 21% in past year

major challenges in denver metro area for new home seekers as median home price increases by 21% in past year

The housing market in the Denver metro area has seen a dramatic increase in home prices of more than 20 percent over the past year, making it even more competitive for families to buy their first home. Those who were able to purchase a house say they had to open their search beyond their initial expectations as realtors say the inventory will only improve slightly for the rest of 2021, keeping it a seller’s market.

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shelton, conn.: more living space and lower taxes

shelton, conn.: more living space and lower taxes

Information provided by Joshua O’Neill, of the city’s Planning and Zoning Department, showed 11 residential projects underway, with more to come. Four will add 226 apartments to the city’s downtown, where former factories are being converted into mixed-use rental buildings. Elsewhere, developments include single-family homes, condominium complexes, apartments buildings and 55-plus housing.

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denver homes are (still) selling fast and for top dollar

denver homes are (still) selling fast and for top dollar

For the second month in a row, attached properties sold for record-breaking prices. The average price of a single-family home also reached a new high at $632,581.

So far, 2021 doesn’t look much different from 2020—and we’re not just talking about COVID-19 restrictions. Denver’s housing market, which has been scorching hot for the past year, shows no sign of slowing down. There are an abundance of buyers, homes are selling fast, and prices keep increasing.

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housing boom unbowed by pandemic

housing boom unbowed by pandemic

“Housing sales were robust and apartments at all price levels were moving quickly,” says Marsha Gordon, the president and chief executive officer of the Business Council of Westchester. In recent years the county was fortunate, with development and the housing market, to be ahead of the curve, Gordon says.

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record-low inventory doesn't tell full story of denver's fast-paced real estate market

record-low inventory doesn't tell full story of denver's fast-paced real estate market

February marked yet another month of record-low inventory for the residential market in the Denver metro, where a resurgence in homebuying activity that began last summer has continued to push prices higher and fueled stiff competition among potential buyers.

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how to navigate colorado’s low inventory market like a pro

how to navigate colorado’s low inventory market like a pro

There’s no denying that the real estate market is hot right now. The need for homes that cater towards consumers’ desired lifestyles in the wake of COVID-19 paired with low-interest rates has created an environment where buying a home is a top priority on everyone’s to-do-list.

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supersize me! here are the metros where buyers are clamoring for big homes again

supersize me! here are the metros where buyers are clamoring for big homes again

Not long ago, it seemed just about everyone was obsessed with the tiny-home trend. So cute! So teensy! People were wondering: Just how small can a home get while still being cool and remotely functional? Well, we may never find out. Because, as with many things in the past year, the coronavirus pandemic has turned the “less is more” mentality on its head.

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