North Metro Denver Real Estate News February 2018

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Average metro Denver home sales prices pass $500,000
February saw the average price of a single-family home in metro Denver pass the half-million-dollar mark. The average price was $502,986, up almost 12 percent from February 2017. The report also revealed that condos were spending more days on the market, increasing to 72 day this February. Last month it was 43. Additionally, condos listings were up 4% from last month.
Read article – Denver Business Journal

Denver homes still selling really fast
Denver homes are selling, on average, 19 days after listing. Only homes in San Jose (12 days), Seattle (16 days) and Oakland (17 days) are selling more quickly than Denver, according to a new report from Redfin. And also this week, Zillow reported that owners of starter homes in Denver are gaining equity faster than other homeowners because demand for entry-level homes continues to grow faster than supply.
Read article – Denver Business Journal

IRS: HELOCs Still Deductible for Renovations
Taxpayers can continue to deduct the interest they pay on home equity loans when the funds are used for home improvements, the IRS confirmed in a statement on Wednesday. The status of home equity deductions has been in question following the limits on the mortgage interest deduction included in recent tax reform legislation.
Read article – Realtor Magazine

Additional articles that you might find of interest:

Google’s new Boulder campus shows off the perks of working for a tech giant
Read article – Denver Post

Tips To Keep Your Home Show-Ready At All Times
Read article – Realty Times

Home-resale price growth picks up steam in metro Denver, says Case-Shiller report
Read article – Denver Business Journal

Housing shortage pushes metro Denver buyers toward new homes, but builders can’t keep up
Read article – Denver Post

Many lenders are loosening requirements for prospective home buyers
Read article – Denver Post

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