Denver Market Report - August 2012

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Real Estate Broker/Owner with House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# ER40011786
https://activerain.com/droplet/HRP

 Denver Market Report - August 2012

 

Denver Market Report


The Denver real estate market has enjoyed a seller's market this year, showing 64 average days on market.   The inventory was down 34.9% in August for both single detached family homes and multi-family, which is decreasing over the past few months.   We are still seeing multiple offers on well priced homes.



Many Denver homes for sale priced below $250,000 are receiving multiple offers, so quick decisions are necessary.   Showings were slower in August as families were going on their final summer vacations, and preparing the kids for school.    Showings in September have picked back up after the Holiday weekend.    With the interest rates so low and the upcoming election, no one knows exactly what the rates will do, and buyers are anxious to get into their properties prior to the election.


August 2012 Denver Market Report


 

Denver active listings are seeing showings and getting offers within a short period of time after entered into the MLS system in the lower price points.   If you have thought about putting your home on the market, call me and we can talk about your options!


Of the current active listings (detached homes) from

$0-$400K, there are 5,345 listings

$401,000-$999,999 there are 2,883 listings

$1,000,000+ there are 822 listings available


Of the current bank owned properties (detached homes) from $0-$400K there are 307 listings

$401,000 to $999,999 there are 28 listings

$1,000,000+ there are 12 listings available.


Of the current short sales properties (detached homes) from $0-$400K there are 401 listings

$401,000-$999,999 there are 58 listings

$1,000,000+  there are 14 listings available



Interest rates are rising, but still low and if you would like to see what properties would fit your criteria, give me a call, or search my web site for your Dream Home.

 

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Rainer
234,797
David Grbich
Realty One Group - www.FindCARealEstate.com - San Juan Capistrano, CA
Orange County Real Estate - 949-500-0484

Hi Joan - decreasing inventories are driving the market higher and looks like Denver is experiencing the same. Good luck, Dave

Sep 16, 2012 12:46 AM #1
Ambassador
2,081,569
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

The inventories are decreasing nationally and prices are beginning to edge up again!

Sep 16, 2012 01:19 AM #2
Ambassador
2,192,409
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Your market is rockin and rolling. People will be wise to contact you, Joan Cox. You are the Denver area real estate expert.

Sep 16, 2012 02:56 AM #3
Rainmaker
5,676,316
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

With the short average time on the market, home buyers need to move quickly when they identify a home of interest.

 

Have a great day and an outstanding week with your camera in hand.

 

Sep 16, 2012 03:00 AM #4
Rainmaker
622,890
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

Inventory down for Denver homes for sale almost 35% sure would change the atmosphere of the market!

Sep 16, 2012 01:15 PM #5
Rainmaker
733,028
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

Denver homes for sale priced less than 250k receiving multiple offers sounds like positive news to me.

Sep 16, 2012 01:33 PM #6
Rainmaker
2,545,435
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Joan, Denver sales are still great..and buyers thinking of purchasing a home should do so especially with the great interest rates and who knows what will happen after the election.

Sep 16, 2012 01:48 PM #7
Rainmaker
4,264,609
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Denver's real estate market has been going gang busters for a year very strong, and 2012 should end up being a great year!

Sep 19, 2012 12:00 AM #8
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Rainmaker
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Joan Cox

Denver Real Estate - Selling One Home at a Time
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