The name of the game as we enter 2012 is INVENTORY! Take a look at these numbers for 2011, and you will see many categories were very similar to 2010, but the inventory numbers are the first signs of the changing market!
Active Listings inventory continues to decline 13% month over month and 40% year over year. Under Contract activity and Closed Transactions activity remain at seasonal levels with a continual decline month over month. The New Year starts with renewed hope that 2012 will be better than 2011 and the indicators are pointing that … (0 comments)
denver colorado market update: So, How's The Market? February 2010
- 03/08/10 07:56 AM
If you believe real estate is cyclical, then the facts show the Denver real estate market has hit bottom and is on the way back up. February 2010 has the lowest residential and condo inventory in 7 years. This month also displays the highest number of home under contract for a February since 2006 and although the sold data is lagging behind previous years, the 2010 spring season is showing signs of a rebound. There are Five Facts why 2010 will be a more consistent year in residential real estate in Denver Colorado The First Fact: 2010 will be improved over … (1 comments)
denver colorado market update: Denver's Housing Market Is Faring Best Among Other US Cities
- 01/11/10 03:28 AM
Denver-area home prices fared the best in a survey of 20 cities that was released December 29, 2009. Home prices in Denver fell only 0.1 percent in October compared to a year ago. From September to October in 2009, Denver prices decreased by 0.4 percent, which represented a two month dip following a rise in home prices the six months previous. All of this slight rising and dropping indicates a relatively flat local market, which is good news amid a national economy that is largely struggling - but getting back on its feet, nonetheless. Many housing markets in the US are … (2 comments)
denver colorado market update: Denver Real Estate - Monthly Market Update – Nov. 2009
- 11/17/09 11:18 AM
THIS REAL ESTATE SUMMARY WILL POSITION YOU TO MAKE THE BEST EDUCATED DECISION YOUR REAL REGARDING ESTATE FINANCIAL PLAN. October was the first month to out-perform the previous years sold date in 3 YEARS with a 10.98% increase! There are a couple of very good reasons for this positive change in the Denver real estate market. 1. Last October the financial world was in major disarray and 2. The First Time Home Buyers Tax Credit worked in 2009.
November's single family home active listing inventory is down to 15,076, from 18,331 one year ago. The number of active listings for … (0 comments)
denver colorado market update: Hampered by High Payments on your Denver Home? Maybe HAMP Can Help
- 11/13/09 05:49 AM
If you suddenly find yourself with a mortgage on your Denver home that is too high for your income, or if your circumstances have changed since you took it out, you may find help with the government's Home Affordable Modification Program. The need for HAMP originated with President Obama's Making Home Affordable program, announced in February, 2009. Created by the U.S. Treasury Trouble Assessed Relief Program (TARP), HAMP seeks to facilitate working with your lender to make the payments affordable. Changing the terms of a mortgage is a complex process that involves a ton of documentation from you and a … (1 comments)
denver colorado market update: Denver Market Statistics Indicate Market Recovery
- 10/20/09 05:02 AM
The beauty of the area alone might compel you to buy a home in greater Denver, but recent market statistics underscore that you will be making a sound investment as well as getting a great view! Denver real estate has generally fared better than it has elsewhere over the last year or so, but a number of signs in the market indicate sustainable economic recovery. •· Housing inventory is falling. In fact, the current active single family and condominium inventory of 20,850 is the lowest October inventory in more than 5 years. This inventory drop is a good sign that the … (0 comments)
denver colorado market update: Colorado Says "RIP" to Recession First, Economist Says
- 10/09/09 11:14 AM
Not only has Federal Reserve Chairman Bernake said the recession is "very likely over" in the U.S. but local Denver economist Richard Wobbekind recently predicted that Colorado will rebound quickly. At a gathering of clients of a local financial planning firm, University of Colorado economist Wobbekind offered a few predictors that showed why Colorado is likely to emerge ahead of other states: •· Business and technology spending, which recover more quickly than consumer spending is expected to increase in the state •· Higher commodity and energy prices will help the state, especially in rural areas •· Retail sales, after a 10% … (0 comments)
denver colorado market update: Denver Housing Stats for February, 2009
- 03/19/09 01:14 PM
Average Price - $218,010 - a 2.19% appreciation from the month before, the first time we've seen appreciation since June of '08. But, it was a12.53% drop from February, 2008 Number of Sales - 2484, only a slight drop from January. But, a 33% drop from February, 2008 Number of Listings - 20,069, compared iwth25,037 just one year ago. This is good news, less inventory should help average price come up. Another interesting statistic is the fallout rate or the percentage of homes under contract that didn't sell went from 24% last month to 35% this month. The homes newly under … (0 comments)
denver colorado market update: Denver Market Update
- 01/13/09 02:21 PM
As you can see by the chart below, the average price of a single family residence fell almost 14%. But, look at the breakout. Detached single family homes fell a little more that 16%, while condo, townhomes and patio homes only fell 8.46%. The interesting thing that I am seeing, though, is that Parker, Aurora and Highland's Ranch saw an INCREASE in average price from November to December of 2008. The Real Estate Market is definitely different from city to city and from neighborhood to neighborhood. If you'd like an update on what direction your neighborhood is trending, just give me … (0 comments)
denver colorado market update: The Gift of a New Home
- 12/29/08 10:54 PM
If you're thinking that Santa's best gift to your family will be your very first home of your own in the new year, conditions are still favorable for you to make that happen at a great price. Low mortgage rates and buyer incentives such as the $7,500 tax credit make this a great time to plan your move. According to HouseHunt's annual survey on current market conditions, based on responses from 2,000 agents, qualified first-time buyers are taking advantage of home prices lower then they have been in the last 5-7 years. According to Michael Bearden, president and CEO of HouseHunt, Inc. "Affordability … (0 comments)
Yeah! The trend continues! Denver Homes SOLD was up 11% over last year and active number of listings was DOWN 20% from October 2007 to October 2008. We continue to move in the right direction with momentum. Denver Average sold price was DOWN 12.4%. Not good news, but I believe we are reaching the bottom. This winter will see the bottom of the market, I am sure. In September, the average price dropped 8%. In October, it was a 3% drop. That's the start of a trend. The average months of inventory is at 5.4 Months. Generally, 6 … (0 comments)
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