North Metro Denver Real Estate News March 2018

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March sets record high for home prices – again
The average and median single-family home prices in the metro both set record highs in March, reaching $522,277 and $440,875 respectively. March saw 6,335 new listings added to the housing market, which was almost a 37 percent increase from February. This was slightly offset by 5,674 listings being placed under contract. But according to DMAR, the number of listings going under contract indicates strong homebuyer activity.
Read article – Denver Business Journal

Denver area housing market to see big value increase in 2018: Report
The Denver-area housing market will appreciate more than any other market in the U.S. outside of Washington state in the next year, according to a new report. Veros Real Estate Solutions of California predicts residential market values in the Denver-area housing market will increase 9.9% in value in the next year. Nationally, housing should appreciate by 4.3 percent in the coming year, according to the report.
Read article – Denver Business Journal

How Unstaged Rooms Hamper a Home Sale
Sellers may be shooting themselves in the foot when they leave an empty, dark, or cluttered room unstaged. Imperfections stand out more in an empty room, and the absence of furnishings could make it more difficult for buyers to visualize how to use the space. Additionally, a poorly lit room can give the entire house a darker vibe. The cluttered playroom is another top offender. And the “creepy basement” may also be scaring buyers away.
Read article – Realtor Magazine

A massive “aerotropolis” is planned for a patch of the plains near DIA that could end up bigger than the Denver Tech Center
An Aurora development that in size could rival the Denver Tech Center and downtown Denver’s central business district – with up to 80 million square feet of commercial, office and retail space – is expected to break ground as soon as this spring on a quiet stretch of prairie just south of Denver International Airport.
Read article – Denver Post

3 Floor Plan Fads You’ll See More Often
Some of the hottest fads that could impact more floor plans in 2018, include:
1. Flexibility for multigenerational households. This might involvde a main-level bedroom suite or even an in-law unit to offer privacy to cohabiting relatives. Flexible layouts that can accommodate a variety of living arrangements are growing in demand.
2. The modern farmhouse. White farmhouses are in high demand. These homes are characterized by large windows, simple roof lines, and bright white siding that may be paired with dark windows.
3. Greater storage options. Mudrooms and laundry areas are showing up on more home layouts as separate spaces rather than combined areas.
Read article – Realtor Magazine

Additional articles that you might find of interest:

Jump Start Your Organizing And Simplify Your Next Move
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Realty Times

Best suburbs: Here are metro Denver’s top 25

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With I-70 construction headaches looming, developers spy an opening in Adams County
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Denver Post

5 Sweet Tax Deductions When Selling a Home: Did You Take Them All?
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Realtor.com

3 Smart Strategies for Investors
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Realtor Magazine

Are You Being Spied On During Showings?
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Realtor Magazine

 

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mikejgold