Colorado Real Estate Industry Snapshot

Here are some statistics from our friends at American Title and The Denver Business Journal

Colorado Real Estate Industry-Snapshot

• Metro Denver home sales in February grew

contrary to sales in the broader western market.

Data from Metrolist show Metro Denver closed

home sales rose 3.5 percent between January

and February, although February sales were

slightly below the year-ago total.

• Building activity in Metro Denver was contrary

to building trends in other regions and

accelerated noticeably between January and

February. The number of permits for singlefamily

detached homes in February was nearly

three times the number from February 2009,

and the count of permits for condominiums and

townhomes nearly doubled over-the-year.

Denver-area statistics from Metrolist's March

• Sales of houses rose 8.15 percent to 2,801 in

March year over year, and were up 45.42

percent from February.

• Average selling price for houses increased 9.29

percent to $274,950 year over year, and rose

1.95 percent from February.

• Median selling price went up 12.28 percent to

$229,000 from March '09, and 3.74 percent

from February.

• Average days on the market for houses dropped

nearly 19 percent to 86 year over year, and

were down 6.5 percent from February.

• Condo sales rose 30 percent to 801 from the

prior-year March, and jumped 53.15 percent

from February.

• Average selling price for condos increased 4

percent to $157,830 year over year, but dipped

5 percent from February. Median selling price

was up 2.4 percent to $131,579 from March of

last year, and basically fl at compared to

February.

• Most condos sold - 47 percent - were in the

$100,000-$200,000 price range.

• Days on market for condos also dropped -

16 percent to 89 year over year, and nearly 18

percent from February.

Source: Denver Business Journal