Good Afternoon everyone! Just wanted to share some hard numbers with you of what has been going down in the Denver housing market.
- Home values rose 10.1 percent nationally for the fourth quarter of 2013, compared with the same period of 2012, according to data from the National Association of REALTORS.
- According to the Colorado Division of Housing, foreclosure filings for the full year of 2013 were down 47.5 percent compared to 2012. There were 23,555 foreclosure filings during 2012 and 12,376 during 2013. New foreclosure auction saled in 2013 were down 41.4 percent from 2012 in Colorado, falling to the lowest level reported since 2004.
- Despite thousands of new apartments coming onto the market, the average rental rate in the Front Range continued to climb. Average rent for 2012 was $978, increasing $63 to $1,041 in 2013.
- As the first state to legalize marijuana, Colorado is starting to see “marijuana refugees” moving here, as families seek to use the drug as a means to ease suffering from conditions like epilepsy or painful cancer treatments.
- CoreLogic recently released its 2013 home price index (HPI) numbers showing a year-over-year 8.3 percent increase in December of 2013 for Colorado resale homes. The December statistics marked the twenty-fourth month in a row of year-over-year gains in the home price index for Colorado.
For answers to all of your Colorado real estate questions, feel free to call, text, or email me anytime.
Dave