Denver Housing Hurt By Too Few Listings

Denver is suffering from the same housing malady as much of the nation: Too few listings.

Sales of single-family homes and condominiums in the city improved last year, but just barely—up 1 percent from 2013. The market did see an unexpected sales ramp-up toward the end of the year, but that could translate to problems for the spring market.

Denver

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Denver

"We have seen an extremely competitive market even in the winter months. It's very rare in Denver at the end of the year not to see an increase in inventory because there are usually fewer sales," said Larry Hotz, a Denver area real estate agent with the Kentwood Company. "This does not bode well for the spring in terms of the inventory, because increasing demand in the spring will need to be offset by a dramatic increase in listings."

The median sale price of a Denver home in 2014, $274,900, was 8.2 percent higher than in 2013. The year ended with just over 5,300 active listings, the lowest inventory in more than a decade.

The decline in inventory is exacerbated by ever-growing demand, as Denver becomes a hot spot for corporate regional headquarters. The metropolitan area is among the top 10 fastest-growing metros in the nation, according to a new ranking this month by Forbes.

Charles Schwab just built a regional campus in the Denver area, moving in 4,000 jobs from out of state. Keurig and Trulia are among others recently announcing major moves to the area.

About Kevin Schneider

Relevant Experience and Accomplishments • Have owned and managed a real estate brokerage, involving marketing of residential and commercial real estate, property management, and handling of foreclosures with various commercial banks, REO servicing companies, and including HUD and VA acquisitions. • Familiar with different types of appraisals used for marketing and lending purposes. • Have been honored with the “President’s Award” for top salesperson when working at Re/Max, also several awards for top listing agent and selling agent at Keller Williams. • Have “on-line” Multiple Listing Service connected to the Metropolitan Denver area as well as the Boulder/Northern Colorado region. • Have several designations from the National Association of Realtors- GRI- Graduate of the Real Estate Institute. Recognized as Top Performers In Their Industry. e-Pro- Efficiency in Internet Marketing and Real Estate Business. CRS- Certified Real Estate Specialist- Only 4% of all Realtors nationwide hold this designation, yet they are involved in over 25% of all transactions nationwide. CIPS- Certified International Property Specialist- Less than 2000 Realtors globally hold this designation. They have dealt with International real estate markets in their transactions.
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