Market Update
Colorado Real Estate Micro Market Report: Quarter 2 2021
Since the start of the year, Colorado’s real estate markets have been a popular destination for homebuying and selling. The unique lifestyle that our state offers its residents, with its unbeatable combination of outdoor recreation and entertainment options, has fueled the momentum of real estate activity through the first half of the year. While this heightened demand for Colorado homes has resulted in an appreciation in home prices across the state, the summer season may offer some relief for buyers.
This summer many consumers are finally getting the chance to travel, spend time with loved ones, and take a much-needed vacation. With fewer people in town to view homes in-person and submit offers, the remaining homebuyers are faced with less competition. This slight decrease in showing activity may provide buyers with the opportunity to buy their Colorado dream homes.
The current market conditions throughout the various mountain and Front Range communities in Colorado are creating opportunities for both buyers and sellers to achieve their lifestyle goals through real estate. To see how your neighborhood performed, read LIV Sotheby’s International Realty provides Micro Market Reports (MMRs), which analyze the Q2 real estate performance in many of Colorado’s most popular markets, including Denver Metro, Boulder Valley, the Foothills, Colorado Springs, South Metro, West Metro, Summit County, Grand County, Telluride, Crested Butte, and the Vail Valley. All MMRs compare activity for single-family and attached dwellings within the residential areas the brokerage serves.
Residential Luxury Report | Quarter 2 2021
Through the first half of the year, Colorado’s luxury real estate markets throughout the state have seen dramatic increases in buying and selling activity, indicating that consumers are ready to begin their next chapters in homes that elevate their lifestyles. This boom is likely a continuation of the surge in real estate that was sparked by consumers’ need for more space, privacy, and amenities last year. The appreciation in home values, which has been influenced by heightened demand for luxury homes, has benefited sellers this year. However, with more people taking vacations or traveling this summer, buyers may now have the opportunity to purchase their next primary or secondary residence in one of Colorado’s incredible communities.
