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Slowing New Home Construction? Not in Colorado!

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Although more home buyers eagerly seeking the dwellings of their dreams, fewer new homes are in bloom this summer. In not-so-promising signs for the housing market, permits to build new abodes, housing starts, and the number of new homes completed dipped in April from the previous month, according to the seasonally adjusted numbers in the latest residential sales report. The numbers of new permits, housing starts and finished homes hitting the market were all up year-over-year in April, according to the report. Housing starts are construction projects that have been started for new residences. It's too early to tell whether the slowdown is temporary or will continue, worsening the housing shortage. There's not enough homes on the market, and the shortage of homes is most pronounced at the low end of the price range, As prices continue to rise, millennials and households with low and moderate incomes will find it more difficult to take the homeownership plunge. The num...
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Centennial is a Home Rule City by a 2-1 margin

The unofficial results from the June 10 mail-in ballot show the measure to institute Centennial's proposed home-rule charter passed resoundingly by a greater than 2-1 margin."My biggest comment is woohoo!" said an elated Cathy Noon, chair of the elected Centennial Charter Commission, which drafted the municipal constitution."I just want to say this is the most wonderful news for all of us," she told a roomful of cheering commissioners, city officials and other home-rule supporters at a victory party.The mood there already was ecstatic by 7:30 p.m., when initial results showed the charter passing by some 7,000 votes - a far cry from the razor-thin 316-vote margin that created the charter commission last November.Many on both sides of the contentious debate over home rule had predicted a close call either way, and few were certain that the charter would pass at all."I thought it would be closer than this," Noon said. "But I started to get a feeling ...
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Northeast Denver Home Sale Statistics 2004 to 2008

2004 was a record year in terms of number of home sales in Colorado. So how do we compare in 2008? The Data included is for northeast metro Denver including: Aurora North (AUN), Brighton and Fort Lupton (BFL), Denver Northeast (DNE), East Suburban North (ESN), North Northeast Suburban (NNE), North Suburban Central (NSC), North Suburban East (NSE). Click here for an MLS area map 2004 2006 2007 2008 Total Inventory 4,031 5,079 4,949 4,380 Sales YTD 2,239 2,303 2,598 2,757 Sold Price 205,208 211,041 205,953 181,132 % of List Price 100% 99% 98% 97% Average Days on the Market 89 107 120 104 Based on information from Metrolist. Homes and People does not guarantee nor is in anyway responsible for its accuracy. Data maintained by Metrolist (Denver MLS) may not reflect all real estate activity in the market.
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