Beacon Real Estate Services LLC

The Denver Metro residential market trends are out for June! The market is starting to grow with 11,293 active listings. To read the full report and presentation click here: https://lnkd.in/gpEgJ5Xw - #coloradorealestate #denver #realestateagent

Housing starts have fallen to their lowest level in nearly four years this May, driven by elevated interest rates and harder lending requirements. This decline has raised concerns about a growing nationwide housing shortage. In May, single-family housing starts dropped to 982,000 units, a 5.2% decrease from April 2024. Years of underbuilding have contributed to significant undersupply, currently estimated at around 2 million units. Persistently high mortgage rates have sidelined many prospective buyers, while homebuilders face additional challenges such as rising construction costs and labor shortages. - #realestate #mortgagerates

Interest rates are continuing to decrease for the month of June! We hope to continue to see this trend continue. On average, rates are at 6.87% for a 30 year term. - #commercialrealestate #RealEstate #coloradorealestate

Our lovely Windsor Gardens condo listing is under contract! - #undercontract #realestate #coloradorealestate #condoforsale

This week's report is from Kastle Systems and reporting on how many employees were in the office last week. On a 10-city average, only 51% of employees were back in the office. - #realestate #CommercialRealEstate #officespace #vacancy

Commercial borrowing began slowly in the first quarter, with an exemption of industrial properties. Loans for industrial properties increased by 63% compared to the low 8% for hotels. This surge is reflects the strong demand for industrial space, driven by companies like Amazon expanding their warehouse space. However, overall commercial investment has remained cautious due to rising rates and economic uncertainty. This has led other commercial markets to decline in sales and refinancing activity. Retail property loans have dropped by 31% year-over-year. Read the full article here: https://lnkd.in/edAXfr3Y - #realestatenews #realestate #commercialrealestate #investing

Here are all our active listings as of today. 1. 600 S Clinton - 2 bed, 1 bath 55+ Condo in Windsor Gardens. 2. 8777 Brighton Rd - Industrial spaces for lease in Henderson, CO 3. 3980 Quebec St - Office building for sale in Denver! 4. 12594 E Pacific Cir - 2 bed, 3 bath townhouse in Aurora. To read more about all of these properties go to- https://lnkd.in/gvVAMuG9

This lovely 6-bed, 3-bath ranch style house in Aurora is under contract! - #undercontract #realestate #coloradorealestate

In commercial real estate, pricing cycles are common, lasting about 7-10 years. Focusing on multifamily properties, many trends have followed this pattern. Using CoStar's Commercial Sales Index, this shows the past and current conditions. There was a significant drop in multifamily during 2023-2024. As for March 2024, multifamily prices were down 26% from their peak in July 2022. Factors such as higher interest rates and slowing net operating income are contributing to these declines. Experts are suggesting a potential 25-30% reduction in multifamily property values. https://lnkd.in/ePEAp8G6 - #commercial #commercialrealestate #multifamily #apartmentsnearme

Interest rates have decreased for the first time since March! We hope to continue to see this trend continue. On average, rates are at 7.09% for a 30 year term. - #InterestRates #economy #coloradorealestate