During the holidays, the real estate market often softens, but in December 2020 in the Denver / Boulder Area, that was not the case. Record low interest rates and insanely low inventory levels have been pushing up prices everywhere in the Denver Boulder Area, and December was no exception. Since we’ve hit the end of 2020, I decided to take a quick look at just HOW much home prices have increased over the past year. On average, home prices throughout the entire metro area MLS went up by 13%…with a few pockets of extreme increases: Longmont, Erie, Golden, and Littleton all had average home price increases of OVER 20%! The big question on everyone’s mind is – can this be maintained?
Can I predict the future? Nope! However, I can say this: as long as there are people moving to Colorado demanding housing, interest rates stay low, and inventory levels remain at record lows, the Denver / Boulder real estate market will continue to be a seller’s market. If you’ve been thinking about selling your home, now is a GREAT Time!
+10.8 % – Westminster
+15.6 % – Broomfield
+13.1% – Denver
+14.8 % – Boulder
+17.6% – Louisville
+0% – Superior – Peak price point of +10% ($721K) in Sept 2020
-1% – Lafayette – Peak price point was +16% ($664K) in July of 2020
+18.7% – Arvada
+24.8% – Erie
+33.1% – Longmont
+5.1% – Thornton
+13% – Wheat Ridge
+14% – Northglenn
+23.7% – Golden
+6.6% – Lakewood
+20.6% – Littleton
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