Prices have increased steadily since 2011. In 2014 the average price of attached single family homes (attached homes; e.g. condos, townhomes) was +14% over 2013. +15% in 2015. +13% in 2016. +12% in 2017. Condos of all sizes, large and small, have seen gains. We expect this to continue in 2018 due to the lack of inventory. Look for 6-8% gains in 2019. A number of new condo projects are (finally) in construction but it all tends to be luxury products. All data is derived from REColorado, Colorado’s top Multiple Listing Service.
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