Madison Market Report: January 2017

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UPDATED Stats 1 Jan17







“I’m starting to see an increased trend with more single-family attached/condo properties entering the market. Property managers have reported that some rental property owners are starting to sell their rentals, taking advantage of record high prices. We had 17.06 percent more new condo listings hit the market this December compared to December 2015, which represents a five-year high for new condo listings. Looking a little deeper, over the last two years the City and County of Denver had roughly 30 percent more single-family detached properties for sale than single-family attached. We had a reversal this December with 33.1 percent more single-family attached condo properties for sale than single-family detached homes.”

Steve Danyliw, Chairman of DMAR

Go here to view DMAR’s full Market Report.




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UPDATEDStats 2 Jan17

The 12 Days of Real Estate

12 Days of Real Estate

On the 12th Day of Christmas my Realtor® said to me…

The holiday lights are beautiful and bright, so looking at homes is quite a delight!

If you’re worried it’s a bad time to sell, let me ease your fear! Holiday buyers are serious and motivated, with my help selling during the holidays will be swell!

Have a few blackout dates when you don’t want to look at homes, the holidays mean making time for you, your family, and friends too!

I’m here to help you negotiate, if you are ready to buy or sell, there is no reason to wait.

During the holidays many people are relocating, if you need a new home, I’m here to help you find the perfect one!

If you’re thinking of buying, it could be of great benefit to your taxes. Close before the first of the year, and the deduction could bring you even more holiday cheer! Best to consult your tax expert or accountant to see if closing before end of year is of benefit this year.

Decorations make everything more fun, so don’t hold back – your love for your home will truly show.

Interest rates are often lower this time of the year, there’s no reason not to capitalize on the joy of the season!

Closing on a home can be stressful and drawn-out, but during the holidays closings are more simple and quick. With my help we’ll get your home closed fast and you can enjoy the holiday cheer without a single worry or fear!

There’s less market activity during the busy holiday season, so if you’re looking to buy or sell there’s less competition! With this leverage let me help you negotiate, with me by your side everything will be great!

Winter is a good time for looking at houses, with snowy wonderland and holiday lights leading you towards your new perfect place to call home.

Most important of all is to have a happy holiday! From your favorite, friendly Realtor®, I wish you everything merry, cheerful, and joyous!

Holiday Activities in Denver

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Star Wars at Denver Art Museum: November 13 – April 2

Go behind the scenes for a special look at the costumes in the popular Star Wars films. Featuring original costumes from these classic films, you can see everything from Leia’s iconic gold bikini to Vader’s daunting suit. Exhibited with flair, you can learn more about the designs and concepts behind the costumes as you explore this special exhibit at the Denver Art Museum.

Skyline Ice Rink: November 22 – February 14

Nothing says winter better than ice skating beneath twinkling lights with a warm cup of hot cocoa to follow. Denver’s downtown ice rink is affordable fun for the whole family, with skate rentals for only $2 and free if you own your own skates! There is live music, skate lessons, and more throughout the season.

Turkey Trot: November 24

What better way to prepare for Thanksgiving festivities than a morning run, jog, or walk? Thanksgiving morning popular Wash Park is filled with families and friends participating in the annual Turkey Trot. In addition to a morning of fun, participants are supporting Mile High United Way’s work in the community. With live music, entertainment, and a beer garden sponsored by Great Divide Brewing Company, this year’s run is sure to be a good one!

Grand Illumination: November 25

Downtown Denver’s Winter in the City program is kicked off with the Grand Illumination. Bright lights illuminate the city from the City and County Building to Union Station. The exhilarating exhibition can be viewed until December, but the lighting ceremony itself is well worth seeing!

Blossom of Lights: November 25 – January 1

Every year the Denver Botanic Gardens is illuminated by thousands of holiday lights and brilliant light sculptures. The breathtaking view of the dark gardens filled with twinkling lights is an essential to the Denver holidays. Warm beverages and tasty treats can be purchased in the gift shop and enjoyed while strolling through the magical winter garden.

Nutcracker: November 26 – December 24

The Colorado Ballet’s annual performance of this classic holiday piece brings a quintessential holiday experience through the timeless music of Tchaikovsky. Visit the Ellie Caulkins Opera House and be transported into a world of magic, snow, and sugarplums through the exquisite performances of the Colorado Ballet Orchestra and Colorado Ballet.

Parade of Lights: December 2 & 3

An iconic Denver tradition since 1975, the Parade of Lights in Downtown Denver is not an event to miss! This free fun for the whole family features beautiful lights and decorative floats, with a special visit from Santa himself!

Zoo Lights: December 2 – January 1

This highly anticipated event is one of Denver’s most popular holiday attractions. Lights and illuminated animal sculptures cover 70 acres of the zoo’s campus, with exciting entertainment every night. Sculptures can be found swinging from trees, hiding in corners, and promising fun for all. You may even get to meet Santa! 

Monthly Market Stats: November

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Stats 1 NOV“Historic data indicates Denver-area will see annual appreciation in housing prices during general election years. The market remains robust amidst record low inventory for the month of October and drop in homes sales.

Year-over-year average price of homes sold is up 9.96 percent to $398,588. However, the number of homes sold in October dropped 11.43 percent compared to last year, and the pace of new listings coming onto the market is slow with 9.87 percent fewer homes year over year. Notably, 2016 represents a new record low in listings for October with 6,731, compared to the previous low record in 2014 with 6,748 listings. From 1985 to 2015, average active listings for October is 16,615. For comparison, the record high October was 2006 with 29,722 listings.

With the election season coming to an end, an important question we face is how it will affect the metro Denver housing market.”

– Steve Danliw

©Denver Metro Association of Realtors

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