Colorado Real Estate Market Trends & Analysis
The Colorado real estate market is in rare company. Few state-wide markets (if any) have demonstrated a larger propensity for success than real estate in Colorado. If for nothing else, the entire state has seen nearly every fundamental indicator turn in its favor. While inventory levels leave more to be desired (not unlike every other market across the United States), Colorado has boasted one of the strongest economies for three consecutive years, the market is as balanced as they come, and it continues to rank amongst the best places to call home.
Denver and Colorado Springs, in particular, were recognized as two of the best places to live in 2019 by U.S. News & World Report. It is worth noting, however, that Colorado isn’t merely supported by two cities, but rather its entire real estate market. As the sum of all its parts, the entire state of Colorado boasts a healthy amount of opportunities for anyone looking to actively participate in the housing industry, and real estate investors are no exception.
Denver and Colorado Springs, in particular, were recognized as two of the best places to live in 2019 by U.S. News & World Report. It is worth noting, however, that Colorado isn’t merely supported by two cities, but rather its entire real estate market. As the sum of all its parts, the entire state of Colorado boasts a healthy amount of opportunities for anyone looking to actively participate in the housing industry, and real estate investors are no exception.
Colorado Real Estate Fees & Regulations
Real Estate
| Closing Conducted by: | Title Companies, Brokers, Attorneys |
| Conveyance: | Warranty Deed |
Foreclosure Procedure
| Primary Foreclosure Method: | Non-Judicial |
| Process Period: | 2 - 5 months |
| Notice of Sale: | Trustee |
| Redemption Period: | None |
Taxes
| Income Tax: | 4.63% |
| Corporate Tax: | 4.63% |
| Sales Tax: | 2.90% |
| Estate Tax: | No |
| Inheritance Tax: | No |
| Median Property Tax: | 0.60% |
| Property Taxes by County: | http://www.tax-rates.org/colorado/property-tax#Counties |
Average Transactional Costs
| Closing Cost: | $2,436 |
| Transfer Fee: | 0.01% |
| Origination Fee: | $1,817.00 |
Overview
- Median Home Value: $378,300
- 1-Year Appreciation Rate: +3.4%
- Median Home Value (1-Year Forecast): +1.5%
- Median Rent Price: $1,975
- Price-To-Rent Ratio: 15.96
- Average Days On Market: 50
- Percent With Negative Equity: 4.5%
- Unemployment Rate: 2.9% (latest estimate by the Bureau Of Labor Statistics)
- Population: 5,695,564 (latest estimate by the U.S. Census Bureau)
- Median Household Income: $65,458 (latest estimate by the U.S. Census Bureau)
- Percentage Of Vacant Homes: 11.84%
- Foreclosure Rate: 1 in every 5,994
Colorado Foreclosure Trends & Statistics
Tax Lien Investing
- Tax Lien or Deed: Tax Lien State
- Interest Rate: 9% (Plus Fed Rate) (rate is established by adding nine percentage points to the federal discount rate as of September 1, 2007, and rounding to the nearest full percent)
- Redemption Period: 3 years until foreclosure can be initiated (non-judicial); plus 120 days after foreclosure initiation. = 3 years, 4 months.
- Colorado Auction Practice Site - Daily Practice Auction
- Adams County, CO - November - December
- Arapahoe County, CO - November - December
- Archuleta County, CO - November - December
- Denver County, CO - November - December
- Grand County, CO - November - December
- Mesa County, CO - November - December
- Morgan County, CO - November - December
- Park County, CO - November - December
- Weld County, CO - November - December