Michael Shotnik
Branch Manager
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FROM OUR BLOG
August 7, 2018

Market Trends Report August 2018

Here you’ll find the August 2018 Market Trends Report as listed by Denver Metro Association of Realtors. Here are the main highlights:

  • According to Zillow, half of all homes nationwide are currently worth as much or more than they were at the peak of the housing bubble. Denver leads the way; 99.6 percent of the home here have returned to or exceed their pre-recession peak values.
  • Apartment construction in Metro Denver is outpacing the national trend, accelerating faster than any other big city this year. Developers have completed 7,651 apartments in Metro Denver in the first six months of 2018. Yardi Matrix, a leading commercial real estate research and data platform, is projecting that 13,739 apartments will be completed in the last six months of 2018.
  • Denver’s media two-bedroom rent of $1,350 is above the national average of $1,180. Nationwide, rents have grown by 1.12 percent over the past year, compared to the stagnant growth in Denver. San Francisco has a median two-bedroom rent of $3,090, which is more than twice the price in Denver.

See full report  here

 

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Sierra Pacific Mortgage Company, Inc.

Sierra Pacific Mortgage NMLS# 1788. Michael Shotnik NMLS: 218281, CO License: 100017466. Regulated in Colorado by the Division of Real Estate #988320. To check license status of mortgage loan originator, visit D.O.R.A. and NMLS consumer access.