Market Snapshot - February 2011 - Denver Metro Area

Real Estate Agent with Keller Williams Denver Central

Here is a quick snapshot of the single family housing market (Residential and Condo) in the Denver metro area from February 2011*:


Number of Homes Sold = 2,229

Average Home Price = $242,704

Average % Loan to List Price = 95%

Average Days of Market (DOM) = 124

Total Price of Sold Real Estate = $540,985,845


From January 2011

The number of Sold homes rose by 3.39%, yet the Sold Price dropped by 3.81%. The number of Days of Market increased by 3.35% or 3 days.  Though the number of homes sold jumped up slightly, home values dropped and they are taking a little bit longer to sell.

From February 2010

The number of Sold homes dropped by 8.50%, and the Sold Price decreased by 1.93%. The number of Days of Market increased by a whopping 30.18% - meaning homes are on the market an average of 24 more days than 1 year ago. 


For more information on the value of your home or neighborhood, or to find the best deal on a new home, contact Andrew Cepeda today!


*Data taken from Market Activity Report in Metrolist.

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Stay true to yourself and your planet,

Andrew Cepeda

Keller Williams Denver Central



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