Wow!!! Watching and participating in this market is something else… Again, the Denver Metro residential real estate market saw record high showings and record low inventory! Towards the end of March, we started seeing some more homes hit the market but not enough. Let’s jump into Supply, Demand, Average Sales Price, and Months of Inventory for this review.
January 2021 was another interesting month for residential real estate in the Denver Metro area! The market continues to set new records with record low inventory and strong demand.
Industrial commercial real estate fared better in 2020 than every other type of commercial real estate! The demand for industrial space has been driven by changes in distribution. Let’s dive in and review some of the metrics.
We are still seeing headlines of retailers in trouble. Everything from store closure announcements to bankruptcies. While online retail is setting all time records. Let’s be clear… America is IN LOVE with stuff!!!!
Office properties still have a big question mark hanging over them. Most people know that a large amount of professional positions transitioned to working remote in Q2 of 2020.
Multi-family commercial real estate ended 2020 in a strong position! This product type saw $900M in transaction volume during Q3 and $1.97B in Q4. That is right, an additional $1,000,000,000 in sales closed in Q4 compared to Q3. Overall, the sales volume was up 90% compared to Q3 but still ended down (18.9%) for the year compared to 2019.