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Denver Metro Area Housing statistics!

By
Real Estate Agent with A 2 Z Realty LLC

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.

 

Matt Grohe
RE/MAX Concepts - Des Moines, IA
Serving the metro since 2003

Great stats. We aren't able to track short sales here on our MLS.

Jul 11, 2010 04:39 PM
Adam Malachi
A 2 Z Realty LLC - Castle Rock, CO
QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR

Hello Matt,

Thank you very much for stopping by; I do appreciate your comments! Hear in Colorado our MLS does an amazing job!

Thanks again,

Adam

Jul 13, 2010 02:49 PM