Average Denver-Single Family Home Price Up $171,000 In Four Years.
In March, the average price of a detached single-family home in metro Denver surpassed $500,000 for the first time. But that’s already seeming like the good old day’s. Why?
The new average price for such a property is up nearly $40,000 and over the past four years, that average has leaped skyward by more than $171,000 – an amount that would have bought a young family quite a nice house not all that long ago.
These revelations are contained within the June market trends report from Denver Metro Association of Realtors. It’s accessible below in its entirety. According to DMAR, the average price for a detached single-family home in metro Denver last month was $540,624. That’s an increase of $37,638 since February, or around 7 percent.
Condo’s have grown more expensive during this period, too, though not as dramatically. The average condo sold last month in metro Denver cost $356,337 as compared to $345,632 three months earlier. That’s a difference of $10,705, or slightly more than 3 percent.
Over 4 years, however, the prices of condos have actually risen at a speedier rate than have detached, single-family homes. And the latter now cost nearly a third more than during that period.
Continue to get facts and figures about detached single-family homes and condo sales in metro Denver from 2014 to the present, illustrated with photos of properties listed on the Homesnap website, as well as a link to the complete DMAR report: https://www.dmarealtors.com
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