Overall Denver metro area closed residential and condo transactions where down by 17% when comparing Jan '09 to Jan '08. The average sold price dropped to $230,878 a 17.9% decrease over this time last year. The good news is that inventory is remaining low compared to last year and number of new listings is down by 22%. The average days on market was 99, a decrease of 12% and absorption rate in Denver real estate market showed a slight decrease to 7.7 months.
Anthony Rael & Assoc.
Metro Brokers Arvada-Northwest
12191 West 64th Ave, #210
Arvada, CO 80004
Anthony Rael is a Denver Real Estate Agent specializing in relocation, first-time buyers, home property values, residential home sales, Denver Colorado Real Estate & MLS/IDX Listings, single family homes, condos, lofts, short-sale, foreclosed, bank-owned & investment properties. Providing professional & trustworthy real estate services to buyers & sellers throughout the Denver metro area including Arvada, Brighton, Broomfield, Denver, Golden, Highland/Sloan's Lake, Highlands Ranch, Lakewood, Louisville, Longmont, Thornton, Westminster, Wheat Ridge, Adams County, Denver County, Douglas County & Jefferson County in Colorado.