Recent statistics have come out from Land Title Guarantee, the title company we, at Bev Groth Properties use for all of our closings. They compare 8 of the major sections of the Denver area MLS. This latest report included 4th quarter 2009 compared to 4th quarter 2008 on "Avg Days on the Market" and "Avg Sales Price".
One area stands out....the Southwest part of Denver which typically less expensive but has some nice neighborhoods within a short commute to downtown and easy access to the mountains. Southwest Denver actually showed a modest increase in average sales price ($140,000 or so), and a reduction in average days on the market.
The bottom line is that this area may have some upside as there is more demand for homes under $200K and new light rail lines improve the ability for commuters to get into the city. First time home buyers and investors might like what they see in some of these neighborhoods. Harvey Park, Ruby Hill and Gunnison Heights are ones I have been keeping my eye on.
For more information contact Todd Groth at 720.203.9624, or look us up at www.BevGrothProperties.com
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