Denver real estate in March: No houses, more problems

Megan Arellano

Mar. 29, 2017, 3:56 p.m.

Little boxes on the hillside, and yes I do believe that is ticky tacky. (Kevin J. Beaty/Denverite)

residential real estate; houses; suburbs; lakewood; kevinjbeaty; denver; denverite; colorado; — Houses houses everywhere, but not a one to buy. Ok, well maybe one. (Kevin J. Beaty/Denverite)

It’s been 10 whole days since I mentioned how few houses Denver has for sale, and it bears repeating. Like for instance, if you want to buy a home for under $300,000.

“Multiple offers [are] basically an expectation,” said local Redfin real estate agent Corey Keach in a news release for the agency’s housing demand index. “And it’s rare for a non-cash buyer to win any home under $300,000.”

Or if you care about home prices.

Denver, Seattle and Portland have topped the Case-Shiller Index for the last year. Meaning, for each of the last 12 months, Denver home prices have increased compared to the same time a year ago. For January, Denver prices increased 9.2 percent.

Remember that the Case-Shiller index looks at repeat home sales, and thus does not include new construction. And since not a lot of new homes have entered the market, Case-Shiller can be a proxy for home prices in Denver.

A sneaker-blue electric vehicle charges downtown, Jan. 17, 2019. (Kevin J. Beaty/Denverite)

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Test Kitchen at Black Box, Feb. 8, 2017. (Kevin J. Beaty/Denverite)

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Snow day at the City and County Building, Dec. 21, 2017. (Kevin J. Beaty/Denverite)

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Mayor Michael Hancock greets state legislators. Governor Jared Polis gives his first State of the State address, Jan. 10, 2019. (Kevin J. Beaty/Denverite)

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Nick Mitchell, Denver's independent monitor, sits in front of Denver Department of Public Safety Executive Director Troy Riggs and Denver Police Chief Paul Pazen as Denver City Council's Safety, Housing, Education, & Homelessness Committee meets to discuss expanded powers for the Office of the Independent Monitor, Jan. 16, 2019. (Kevin J. Beaty/Denverite)

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Experimental musician Cecilia McKinnon, AKA Star Canyon, plays to a growing crowd under a plush set. (Kevin J. Beaty/Denverite)

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The Loretto Heights campus on a snowy day, Jan. 12, 2019. (Kevin J. Beaty/Denverite)

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Newly inaugurated Governor Jared Polis speaks to the press in his office, Jan. 8, 2018. (Kevin J. Beaty/Denverite)

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U.S. Rep. Diana DeGette meets with Araceli Velasquez, her family and supporters at Park Hill United Methodist Church and Temple Micah, where she's lived in sanctuary to avoid deportation for nearly 10 months. May 29, 2018. (Kevin J. Beaty/Denverite)

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Two projections in the 2018 Side Stories exhibition. (Ashley Dean)

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Denver City Coincil District 11 candidate Christine Alonzo poses for a portrait during a League of Women Voters meeting on the 2020 census, Jan. 15, 2019. (Kevin J. Beaty/Denverite)

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Some Denver teachers are wearing these buttons, provided by the union, at the teacher pay negotiations. (Chalkbeat)

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5800 W. Alameda Ave. Oct. 10, 2018. (Kevin J. Beaty/Denverite)

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Denver Museum of Nature and Science. (Kevin J. Beaty/Denverite)

city park; denver; denverite; colorado; winter; kevinjbeaty;

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The Denver Family Crisis Center in Sun Valley, May 2, 2018. (Kevin J. Beaty/Denverite)

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Stapleton residences under downtown Denver's skyline. (Kevin J. Beaty/Denverite)

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The Denver Art Museum's north building is under construction, Dec. 5, 2018. (Kevin J. Beaty/Denverite)

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Let's take a look.

Mayor Michael Hancock makes his State of the City address at the Carla Madison Recreation Center, July 16, 2018. (Kevin J. Beaty/Denverite)

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More Denverite

Houses houses everywhere, but not a one to buy. Ok, well maybe one. (Kevin J. Beaty/Denverite)