While Colorado Bank Owned Homes are still available, the Denver Real Estate Market is Picking up…
Sales and selling prices of existing homes in metro Denver continued to improve in February, showing that the housing market continues to slowly recover, according to local real estate brokers.
Highlights of last month’s home sales included an increase in sales of $1 million-plus homes, a 20 percent jump in the average selling price for condos and a 15 percent rise in median sold price for houses.
Housing-information provider Metrolist Inc. of Greenwood Village released home-resale data Tuesday. The figures are for sales of existing homes that have been sold at least once before.
“All in all, we’re showing signs of a strengthening housing market,” said Gretchen Faber, broker/manager at The Kentwood Co. at Cherry Creek and Metrolist analyst. “There’s not as much volatility in the housing market as there was a year or a year-and-a-half ago.”
“Denver is coming out of the recession a little faster than everyone else. … People are out looking at and buying homes, looking at the affordability factor and marketability factor,” said Gary Bauer, an independent residential real estate broker in Littleton and Metrolist analyst.
There is Still Plenty of Opportunity to Buy Bank Owned Homes In Colorado.