As 2019 is getting into full swing, we're noticing some compelling statistical changes taking place that we haven't seen in several years. While we're only a few months into 2019 (fairly small data point), inventory has risen over 20% from a year ago for Single Family Homes. Higher inventory normally translates to easing home prices and more choices for buyers. Be sure to also check out the Condo/Townhome market statistics (click on the Video Links to the right for a quick overview!) because we're seeing even more dramatic changes taking place in that sector of our market. Click here to see February's Top 10 Vital Statistics.
Number of homes being built drops to lowest level in over 2 years
The number of homes being built in December 2018 was at a two year low, suggesting that developers are expecting fewer new homes will be sold this year. This article from USA Today discusses what this means for 2019 sales and mortgage rates.
John Denver's Remodeled Starwood Estate
In this article from Colorado Homes & Lifestyles they look at John Denver's newly renovated Rocky Mountain paradise. His stunning $11 million home has breathtaking mountain views, is in a prime location for skiing and yet is close to town. Check out the article for gorgeous pictures!
SLC breaks ground on Rêve Boulder
The 6-acre, four-building Rêve Boulder project at 30th and Pearl Streets is getting off the ground right next to Google's new office campus. In this article from the Colorado Real Estate Journal get all the details about the planned green space, rental units, and the retail and office spaces that are slotted for completion in 2021.