Developers Jump on Colorado's Senior Housing Surge - Senior Housing News

Colorado is known for attracting people with active lifestyles and retirees are no exception, prompting developers to gear up for a growing senior population by adding thousands of units of 55+ and senior housing to the state’s existing inventory—far above national construction levels.

The second quarter of 2013 logged 8,840 units of various types of senior housing and care planned and under development in Colorado ranging from age-restricted, for-sale homes to skilled nursing, according to market research firm The Highland Group. Nationally, construction vs. inventory stood at 2.8% as of the second quarter of 2013, according to data from the National Investment Center for the Seniors Housing & Care Industry.

Read more...Developers Jump on Colorado's Senior Housing Surge - Senior Housing News

Luxury homes sales soar 63.5% | Inside Real Estate News

The luxury home market in the Denver area in July experienced a 63.5 percent year-over-year gain, the second biggest percentage gain of any month this year, according to a report by Kentwood Real Estate.

The percentage gain for homes that closed at $1 million or more was only bested by April, in which luxury home sales catapulted by an incredible 140.7 percent.

The July year-over-year percentage gain was almost twice the 32.2 percent gain in closings for the entire market. However, as always, the number of people buying homes that cost at least $1 million represents a small percent of the overall market.

Buyers purchased 85 luxury homes in the core Denver-area counties of Adams, Arapahoe, Broomfield, Denver, Douglas and Elbert counties, according to the Kentwood report.

Read more...Luxury homes sales soar 63.5% | Inside Real Estate News