I was developing some information for a client about the market in Denver. I wanted to share the market composition with you as well.
I would note that the $200k to $300k is the market sweet spot right now, with 4.7 months of inventory. However, as those folks buy up - and statistics indicate they move up 50% in price - the $300k to $400k market should move more in the intermediate term.
Based on information from Metrolist, Inc. as of March 2, 2008.
Single Family Residences Only
Excludes Housing Not Listed in MetroList
Listing in the Denver MLS
As of March 2, 2008
Price Range
Active
% of Market
Sold in Past 12 Months
Sold Per Month
Months of Inventory
$ -
$ 100,000
1,776
8.69%
2,291
191
9.3
$ 100,001
$ 200,000
4,932
24.12%
10,824
902
5.5
$ 200,001
$ 300,000
4,726
23.11%
11,962
997
4.7
$ 300,001
$ 400,000
2,824
13.81%
5,995
500
5.7
$ 400,001
$ 500,000
1,669
8.16%
2,764
230
7.2
$ 500,001
$ 600,000
1,006
4.92%
1,542
129
7.8
$ 600,001
$ 700,000
773
3.78%
839
70
11.1
$ 700,001
$ 800,000
572
2.80%
530
44
13.0
$ 800,001
$ 900,000
414
2.02%
384
32
12.9
$ 900,001
$ 1,000,000
311
1.52%
219
18
17.0
$ 1,000,001
No Upper Boundary
1,443
7.06%
770
64
22.5
Total
20,446
100.00%
38,120
3,177
6.4
Note: This representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by Metrolist, Inc. may not reflect all real estate activity in the market.
Michael Clarkson is one of Denver's highest profile brokers. He’s been featured in Realtor® Magazine three separate times, Denver Post, Denver Business Journal, KOA Radio, KHOW Radio, and the Colorado Radio Network. Michael is a licensed Managing Broker in Colorado and a GRI (Graduate Realtor® Institute). He is also a partner in the firm, Cash Path Real Estate LLC. Michael has an MBA in International Business from Regis University in Denver.
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