Denver Metro Area Housing statistics!
The top 10% of the homes, those that sell for over $460K
The top 5% starts at $600K+.
The top 1% of the most expensive homes sold is those over a million!
From 1/1/2008 to 6/30/2010, for all of the sold that was reports in the MLS for the Denver metro area. So that doesn't include Boulder, Ft Collins, Colorado Springs, or the mountain resort areas!
Sales were up in second quarter (2Q) 2010 vs. second quarter (2Q) of last year 2009 is plus (+13%) overall!
The number of REO and bank owned foreclosures sales peaked in first quarter (1Q) 2009, and has declined since then!
The number of short sales (S/S) has been climbing steadily since their debut in third quarter (3Q) 2008.
For the first time, there were more luxury home (S/S) than REO sales in the second quarter (2Q) 2010.
The number of distress sales (S/S + REO) relative to the total number of sales, you see that the distress ratio is pretty consistent between 10 - 15% of the market!
Prices for luxury homes fell from $250 per square foot (2008) to $230 per square foot (most of 2009). They did recently increase +3% in the second quarter (2Q) 2010.
While "regular" sales are around $239 / sq ft; distress sales sell at about a 20% discount. REO homes sold for $196 / sq ft and short sales sold for $201 / sq ft.
So the (REO) are better price then the (S/S) per sq foot!
This is just FYI Only!
Thanks.
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