Real Estate Advisor-November '17 Market Report

Market Trends

Courtesy of Land Title Guarantee CO.

Market Analysis % Change Year over Year 2016 vs 2017: Holy Cow! Monetary volume ($213,311,500) in October 2017 was up 43% from October 2016. Transactions (322) were up 22% from October 2016.  YTD 2017, monetary volume is up by 23% and transactions are up 7% compared to YTD 2016. 

Comparative Historical Cost Analysis;  -Average Indicators for $: Single Family +16%, Multi- Family +13% and Vacant Land -3%.  -Median Indicators for $: Single Family +18%, Multi- Family +13% and Vacant Land -9%.

Luxury Market Maintains growth; -YTD 2017; 287 properties sold for a $1M and over. -YTD 2016; 175 properties sold at $1M and over. -YTD 2015; 164 properties at $1M and over. That’s up 175% in two years!

Time on Market; Demand is still very strong; median days on market has crept up; it was 25 days for December 2016 and 25 days in October '17. Still pretty short by historical standards. Move quickly if you see something you like, it's not going to wait for you. 

Buyer Demographics;  -Front Range; 46% -Local including relocating; 22%.  -Out of State; 32%. -International; 1%. -32% of the real estate closings were ca$h tran$action$.

The market is Red Hot. Join the Property Appreciation Party.  We still have tremendous demand and less than 330 current listings.                 

Now is the time to buy before price go higher! There may never be a better time. Call me now.

See the complete report from Land Title