| |
denver market update: DENVER REAL ESTATE MARKET UPDATE - DECEMBER 2011 - 12/28/11 12:23 PM
Market Metrics:
The inventory of active listings at November month end hit a new low at 12,634 units, a decline of 11% month over month and 37% year over year. Buyer demand continues steady at a seasonally adjusted rate for the holiday season. Declining supply and steady demand could indicate that we are poised for firming prices in the next six months.
Monthly Market Recap:
Average Price versus Median Price:
By definition, Average price is derived by adding all of the individual home sales prices to get a total sales volume ($) for the … (0 comments)
|
denver market update: METRO DENVER REAL ESTATE MARKET UPDATE - NOVEMBER 2011 - 11/29/11 11:31 AM
Market Metrics:
In October, the unsold inventory of active listings in metro Denver hit a new low at 14,156 units, the second month in a row for setting a new low record. As we are moving into new territory, there is steady demand by buyers and low inventory. When one compares the Denver housing market to the nation, Denver continues to hold its own. When compared to October of last year, # of sales is about even, prices are about the same, while inventory is down 30% for single family homes and down 46% for condos/townhomes. Since demand is … (2 comments)
|
denver market update: DENVER REAL ESTATE MARKET UPDATE - SEPTEMBER 2011 - 09/25/11 01:11 PM
Market Metrics:
June was the first month in 2011 where closings exceeded $1.0 Billion, followed by July, and now in August, 3,973 homes closed at an average price of $260,821 which resulted in $1.0 Billion in sales volume for the month. Wow, three months in a row with over $1.0 Billion in closings. In spite of the national media, the real estate market is still quite active in Denver!
Monthly Market Recap:
As you can see above, inventory of single family homes is down sharply from a year ago, about 25% lower. But sales are … (0 comments)
|
denver market update: DENVER REAL ESTATE MARKET UPDATE - AUGUST 2011 - 08/25/11 04:15 PM
We now are seeing year over year numbers improve substantially as the 2010 stimulus closings are mostly out of the picture. I believe that the Low Inventory is the real story. If you have a Denver home that shows really well and is priced correctly, there is a buyer out there for it! I have found that some of the bank owned homes now show better than many of the normal re-sales. The banks are starting to get it, and are making their homes show well.
July was the second month in 2011 which resulted in at least … (0 comments)
|
denver market update: Denver Real Estate Market Update - July 2011 - 07/25/11 09:26 PM
Market metrics (based on June data):
In June, 4,080 units closed at an average price of $266,493 which resulted in $1.08 Billion of closed dollar volume. This is the first month in 2011 where the closings exceeded $1.0 Billion. On a Year-to-Date basis, 18,835 units closed at an average price of $254,151 which resulted in $4.8 Billion of closed dollar volume.
Monthly Market Recap:
*Note: Absorption Rate is also known as Month’s Supply of Inventory and represents the number of months that would be needed to deplete the current active listings inventory at the current sales rate.
Remember: Real … (2 comments)
|
denver market update: So, How’s the Denver Real Estate Market? December 2010 - 12/24/10 12:30 PM
The Denver Metro Market Should Outperform the Average US Market in 2011
The most recent Case-Shiller report shows in their 10-City and 20-City Composite Index that we saw a dip in housing prices nationally, for the last three months of 2010. Despite this, average home prices in the Denver area are five percent higher than a year ago. Some of the gains we saw in pricing in 2010 have been lost, according to their current national statistics. The good news for the Denver metro real estate market is that 12 of the 15 worst markets are … (2 comments)
|
denver market update: Denver Has Nation's 3rd Strongest Economy - 05/19/10 02:15 PM
Denver has the nation’s third-strongest economy out of 366 metro areas, based primarily on two decades’ worth of jobs and income data, according to a report released Wednesday by economics research firm Policom Corp.
It’s the highest ranking ever for Denver in Policom’s annual report. The Denver area moved up from seventh place last year, 17th in 2008 and 19th in 2007.
To compile its report, Florida-based Policom said it measured 23 different economic factors from 1989 to 2008. Positive factors in the rankings include wages and income broken down in several ways, plus jobs in key sectors; negative factors include … (2 comments)
|
denver market update: Denver Real Estate Market Outlook for 2010 - 01/20/10 05:42 PM
Marianne Bandy’s Denver Real Estate Market Outlook for 2010
RE/MAX Professionals – Denver, COAll data taken from Metrolist, Inc, on January 4, 2010. Denver, Colorado
Do You Wish You Would Have Bought More Residential Denver Real Estate In 1988? Don't Make the Same Mistake for 2010.2009-2010 will be the time frame known as the bottom of the real estate market in Denver, Colorado and many will ask the question in the future, “Do you wish you would have bought more real estate in 2009-2010?” We see the Denver marketplace improving slightly in 2010 over 2009 and we see prices starting to … (0 comments)
|
denver market update: Denver Market Update - 10/13/07 05:56 PM
Hold on to your hats Sellers! I've been searching the September statistics for a glimmer of hope in the Denver Housing Market and here it is - the shoe has finally dropped. Why is that good news? Because the anticipation of a correction usually impacts the housing economy more than the reality. Home sales, under contracts, average price and median price are all down significantly from August 2007 as well as September 2007. We went from a 6.15 month supply in August to an 8.11 month supply in September. Average price dropped 6.7% from August to September. I am not expecting this trend … (1 comments)
|
denver market update: Denver Market Update - 09/12/07 08:52 PM
What a crazy market! The end of August brought stats that were a surprise to no one. I believe a major cause is the strong reaction of the public by the constant barrage of bad new by the media. While Average price as well as Median price on Residential homes is up compared with a year ago, there were more than 10% fewer homes that went under contract when compared with last month. I view the under contract statistic as the best indicator of consumer interest in home buying, so 10% few homes sold in August is a huge indicator of consumer interest. Interestingly enough, … (1 comments)
|
|
|
|
|
|
Marianne Bandy, CRS, CDPE, GRI
Parker,
CO
More about me…
Denver Homes - The Bandy Team - RE/MAX Pros
Address: 9200 E. Panorama Cir. , Suite 140, (near SW corner of I-25 & Dry Creek Rd.), Englewood, CO, 80112
Office Phone: (303) 746-7799
Cell Phone: (303) 746-7799
Email Me
News and information related to living in Douglas County and Parker, Colorado. Go to our website at http://www.BandyHomes.com to search all homes and real estate for sale in Parker and the entire Denver metro area. Save your searches & favorite properties, make notes, get email alerts of new Denver listings matching your criteria. Virtual tours, mapping, multiple photos of Denver properties.
 Listings
Links
Archives
|
;)
;)
;)
