North Metro Denver Real Estate Market Report June 2020

North Metro Denver Real Estate Market Report June 2020

June was an amazing month with sales surpassing the highs of 2019. Families who were ‘social distancing’ in their homes were finally allowed to venture out and they went into a buying frenzy. We are seeing increased demand, few choices, record-low mortgage rates, and rising prices.

North Metro Denver Real Estate Single Family Home Sales by Price

North Metro Denver Real Estate Market Report June 2020

The number of homes sold in the single-family luxury segment was up 100 percent in June to 230 from 115 in May and up to 15 from eight for luxury condos, an 87.5 percent increase month over month.

Brighton Single Family Homes YTD Over the Last 5 Years

North Metro Denver Real Estate Market Report June 2020

New listings were up 17.14 percent year over year. At the end of June, there were 413 pending sales, up 38.13 percent from last month and an impressive 58.85 percent from last year. Year to date, Luxury Market listings were up 1.76
percent over last year.

Thornton Single Family Homes YTD Over the Last 5 Years

North Metro Denver Real Estate Market Report June 2020

In June, however, average prices bounced back up to $509,736, the second-highest average price for residential
real estate in Denver.

In March, pre-COVID-19, the average price for a residential property in the 11-county metro Denver area zoomed above $500,000 for the first time, to $513,535. That price then dipped back down below the half-million-dollar mark during the home-showing shutdown and uncertain economic times in April and May.

If you want similar in-depth information and a breakdown of different areas such as Gleneages Estates, Todd Creek, Brighton Crossing-Brighton East, Eagle Shadow, Keenesburg and Cavanaugh Hills download the full 11-page North Metro Denver Real Estate Market Report June 2020

Helping You Make Informed Decisions Regarding North Metro Denver Real Estate

As we move towards safer-at-home protocols and increasing guidelines for showings, the value of a REALTOR® is
becoming even more important,. I know I am having to work harder to get my listings in front of potential buyers including matter-port tours, and more online marketing.

I produce this monthly report to provide you with a high-level overview by looking at the patterns and trends. My goal is to help YOU make sense of the numbers so you can make an informed decision. It is my hope that this report helps you to ”See the Big Picture and All the Details!”If you see a segment of the market that you would like additional help with understanding please contact me.

Or if you desire a specific Home Estimate that I routinely prepare for my clients, please contact me, I would be happy to go to work and get that to you. This report covers Single Family Homes for the Brighton, Thornton, Broomfield and Westminster area which includes specific areas such as Gleneagles Estates, Todd Creek, Brighton Crossing-Brighton East, Eagle Shadow, and Cavanaugh Hills. You will also see a ”slice” of the data by Price Range and by Area for Single Family Homes to provide a more insightful view of the market.

Get your North Metro Denver June 2020 Real Estate Market Report Now

How can I help you with Your North Metro Denver Real Estate Needs?

This North Metro Denver Real Estate Market Report June 2020 and the level of detail is representative of what you can expect from me as your Real Estate Agent. I hope I can provide the same amount of expertise and insight for you when you are looking to buy or sell in the North Metro Denver area.

Do you wonder what your home is worth in the current market? You have questions or want more information about something in the market report? Do you desire a specific Home Estimate that I routinely prepare for my clients? Please contact me or visit this link to get the ball rolling.

Christina Kern
Associate Broker
Residential Home Specialist & Global Luxury Specialist
Coldwell Banker Residential Brokerage North Metro Office
(303) 915-0809
ckernsells@gmail.com