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.

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.
Below you will find a list of online auctions in the state of Colorado. Most counties in Colorado conduct their tax lien sales in the months of November and December. Colorado offers great opportunities for online tax lien investing.