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January 2018 Denver-Metro Real Estate Market Stats

In Market Updates by Bergan & Company

Average price of all residential sales in January was just over $440K. The average single family home was going for $484k, while multi-family places went for $344k on average. ‍ The 12-month moving average appreciation rate, which is the best measure of real trends in prices, was 8.1% There were 2,756 homes that changed hands in January, down 8.7% from the …

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Denver Real Estate Market More Affordable Now than 1979

In Denver Rentals, Market Updates by Bergan & Company

Imagine it’s 1979. The average single family home in metro Denver carries a price tag of $66,051. Don’t you wish we could go back to those days when housing was so affordable? A recent affordability study by Colorado Home Realty (CHR) came to a shocking conclusion: The average single family home in 2016, selling at $441,172, is significantly more affordable than its …

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Cities where Rents are Rising

In Denver Rentals, Market Updates by Bergan & Company

According to Bloomberg.com and new data from Zillow.com rent growth in the last 12-months has slowed but Denver is still one of othe hottest markets in the US, with growth at 3.4%. Zillow is projecting Denver rents to increase at almost double that in 2017 at 6%. Bergan and Company is projecting a soft landing coming into 2017 with rents …

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Denver Rate Top Place to Live in the USA

In Market Updates by Bergan & Company

Where is the top rated place to live in the USA? You guessed it. Denver. U.S. News has ranked Denver the number 1 place to live due to low unemployment, high average wages and high quality of life. Denver property rents and property values are responding accordingly. Why sell your home when you can capture appreciation and monthly cash flow …