denver co real estate: The how to when calculating rents
- 11/03/08 08:25 AM
A lot of clients ask me how to figure out what market rents are in a neighborhood. This is a critical input into the calculations an investor needs to make in order to determine what their return on investment will be on a rental property. So you don't want to screw this up! Unfortunately, this is one of the many figures new investors get wrong. One place people go to get rents is Rent-o-Meter. Rent-o-Meter is billed as an online resource to get accurate market rents. In my experience it is anything but! However, I have a fairly simple solution. Multiply … (1 comments)
denver co real estate: We're past bottom of market cycle
- 11/03/08 12:44 AM
Take a look at the first page, for AUN (Aurora North). Note these positive market trends this year:- number of active listings steadily declining- average list price pretty stable (finally!)- U/C up dramatically- Number of sales / month up (partially seasonality)- DOM dropping- Stability in average sold prices and sold price as % of list- Sold price as % original price UP a lot - banks are getting better at pricing- Number of expired listings down Every indicator is improving this year in AUN. You will see the same trends in DSW (southwest Denver County), but not as marked an improvement as … (1 comments)
denver co real estate: Denver (Including Athmar Park) 1Q 2008 condo real estate trends
- 10/06/08 03:39 PM
Recap of First Quarter 2008 Condo Price Performance The average condo price in Metro Denver decreased -2% in the full year 2005 to the full year 2006, from $190,000 to $187,000. Comparing 2006 to 2007, the average condo price across the metro dropped -3%, to $180K. Looking at the first quarter 2008 vs. the first quarter of 2007, prices dropped 4%, from $175K to $169K. The average price of a foreclosure or short sale condo dropped from 2006 from 2007 by -6% to $108,000. The average price of a non-distress sale increased +2% to $211,000. Sales volume in January and … (0 comments)
denver co real estate: Denver (Including Athmar Park) 1Q 2008 real estate trends
- 10/06/08 03:37 PM
Recap of First Quarter 2008 Home Price Performance The average home price in Metro Denver increased +2% in the full year 2005 to the full year 2006, from $309,000 to $317,000. Comparing 2006 to 2007, the average home price across the metro dropped 2%, to $311,000. The first quarter of 2008 was $278,000 vs. the first quarter of 2007 was $296,000: a 6% decrease. Note that prices in the first quarter are usually a bit less than the rest of the year. This is because families that tend to purchase larger, more expensive homes tend to move in the summer months … (0 comments)
A lot of clients ask me how to figure out what market rents are in a neighborhood. This is a critical input into the calculations an investor needs to make in order to determine what their return on investment will be on a rental property. So you don't want to screw this up! Unfortunately, this is one of the many figures new investors get wrong. One place people go to get rents is Rent-o-Meter. Rent-o-Meter is billed as an online resource to get accurate market rents. In my experience it is anything but! However, I have a fairly simple solution. Multiply … (1 comments)
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