Lone Tree CO Real Estate - market tracker Jan 09

Lone Tree Real Estate

Monthly Market Tracker
January 2009
A Comprehensive Market Report for Lone Tree CO

January 2009 Numbers ~ Lone Tree

January 09 Closed Sales in Lone Tree

One Year Change 25% Two Year Change -44.4% Three Year Change 25%

Jan 2006 to Jan 2009 Closed Sales Jan in Lone Tree



January 09 Median Sales Price in Lone Tree

One Year Change -37.9% Two Year Change 21.1% Three Year Change 5.4%

Jan 2006 to Jan 2009 Median Sales Price in Lone Tree

January 09 Average Sales Price in Lone Tree

Jan 06 to Jan 09 Average Sales Price in Lone Tree




January 09 Percent of Original List Price in Lone Tree

One Year Change 0.4% Two Year Change -2.5% Three Year Change -3.7%

Jan 06 to Jan 09 Percent of Original List Price in Lone Tree



Jan 06 to Jan 09 Average Price per Square Foot in Lone Tree



Jan 06 to Jan 09 Average Days on Market in Lone Tree



At the end of the day
Closed sales are at a typical level for January, which historically is a slower month for home sales in the area. However the total number of closed sales for 2008 compared to 2006 and 2007 was almost 30% lower. During spring the market usually picks up, so we'll see if it holds true in the next couple of months.

Many of the statistics are all over the place (from one month to the next) for Lone Tree, including median and average prices and average price per square foot. This is most likely due simply because sales in two neighborhoods are much higher than in others. When in any particular month each or both of these neighborhoods have sales, the prices go up. The higher price range sales usually stay on the market for longer as well.

Lately the percent of original list price received as sale has been declining a bit. Could it be that some of the houses are priced much higher that the market will support? It's possible. Could it be that after a many , many days on the market some sellers lower the asking price, just to get the house sold? Also possible.
 

A look ahead
A larger number of houses is coming on the market now that we are approaching the busier spring and summer months. If closed sales do not keep up with the increasing inventory, more supply is going to be on the market.

This Lone Tree Market Tracker is brought to you by Rita Burke, Kenna Real Estate. The report is for detached residential single family homes only and may not include all sales activity in the area. Figures for sold prices used are NET sold price, price after seller concessions or down payment assistance, if they were offered.  This report or any part of it may not be used without permission.


CLICK ON LINKS to see what is for sale in and around Lone Tree
Homes for sale in Lone Tree
Homes for sale in Heritage Hills in Lone Tree
Homes for sale in Heritage Estates in Lone Tree

Recent Market Reports for Lone Tree Neighborhoods
Heritage Hills Market Report Jan 09
Heritage Estates Market Report Jan 09
Carriage Club Market Report Jan 09

Brian and Rita Burke
Kenna Real Estate
303.955.4220 Office
303.710.2609 Brian Direct
Homes@kennarealestate.com

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*Disclaimer: Data based on information from Metrolist, Inc. for period of 1/1/2006 through 3/1/2009. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area.

Disclaimer: Kenna and Co. Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Copyright 2009.© Kenna Real Estate. Rita Burke. Lone Tree Real Estate. Lone Tree Real Estate Agents Brian Burke and Rita Burke. All Rights Reserved. Mar 6th 2009. "Lone Tree CO Real Estate - January Market Report"