With the change in construction defects laws in Colorado in 2017, we are seeing condos and townhomes coming back in force! This is great news for first time homebuyers that start with an attached home before they move on to bigger, better, and more expensive things. Here are some interesting stats that show what is going on with the townhome market…
- Townhome and duplex growth is up 36 PERCENT for the year
- This market segment represents 26 PERCENT of the total market
- This is the HIGHEST percentage the townhome and condo market has ever been
- Detached single family homes represent only 70 PERCENT of the new home starts, the lowest since 2009
This info and more is found in my monthly Windermere Report Newsletter. If you would like to sign up to receive this info from me just shoot me an email. Have a great week!