| Denver Real Estate

Several key indicators in the Denver real estate market for the month of September are suggesting improvement. As the graph below outlines, there is an increase in closed residential sales year over year; a decrease in absorption rate compared to September of 2010; and a decrease in active listings. These numbers all bode well for home sellers. On the flip side, there was a 3.4% decrease in the year over year average sold price in Denver, which is $280,289. Condo’s prices actually did show a 3.3 % year over year improvement – the average sold price is now $159,980.

Click Here for Total MLS Sales Statistics - this link will explain the market statistics in your particular Denver geographic area.

Thank you to Jim Renshaw at Land Title for compiling these monthly Denver real estate reports. Please contact me if you are interested in learning more about how your home is faring in today’s market.

Michelle Potter, Realtor in Denver
DenverRelocationBroker.com
303-489-4035
5280 Magazine "5 Star Denver Real Estate Agent"

Here are the headlines collected over the past month that demonstrate the positive activities impacting Denver, CO. real estate.

144 Colorado Companies on Inc. 5000: Inc. magazine included 144 Colorado companies on its annual Inc. 5000 of the fastest-growing private companies in America, including 14 that made the Inc. 500 list. read more here

Denver Residential Real Estate Sales Top $1B in July: For the second month, the amount of residential real estate sold in metro Denver topped $1 billion in sales volume. read more here

Denver 20th in U.S. for New Home Projects: Metro Denver ranked 20th in the nation for new housing construction projects authorized in 2010 out of 366 metro areas, according to a new analysis of U.S. Census Bureau data. read more here

Colorado Foreclosure Filings Decline: Foreclosure filings in Colorado continued to decline in the second quarter, dropping almost 30 percent from the same months of 2010, according to a state report August 11^th. read more here

Pro Cycling Challenge Give Colorado Economy a Boost: Because of the U.S. Pro Cycling Challenge, the weekend of August 27^th all hotels in Denver were booked. And that’s just one benefit of the week-long event that will have a huge economic impact on Colorado. read more here

HUD: Colorado Leads Region in Job Gains: Economic conditions in the Rocky Mountain region have improved in recent months, with the largest recent payroll increases reported in Colorado and North Dakota, according to economists from the U.S. Department of Housing and Urban Development. read more here

12 Colorado Schools on Forbes Best-Colleges List: Forbes magazine’s annual ranking of America’s top undergraduate schools puts the United States Air Force Academy in the top 10. Also on the list from Colorado: Colorado College in Colorado Springs; Colorado School of Mines, Golden; University of Denver; University of Colorado, Boulder and more. read more here

Denver Hotels Lead Nation in Two Key Areas: Hotels in Denver had the highest jump in the average daily rate among the country’s 25 largest metro areas, according to a new report by STR Global, a Hendersonville, Tenn., hotel research company. read more here

Forbes Rates 2 Colorado Cities ‘Best Small Places for Business’: Grand Junction ranks in 12th place in a new Forbes ranking of the nation’s “best small places for business and careers.” And Pueblo ranks No. 37 on the Forbes list out of 184 smaller cities and towns. read more here

Louisville Named Best Small Town by Money Magazine: A Colorado town has topped Money Magazine’s “Best Place to Live” list once again. For towns with populations ranging from 8,500 to 50,000, Louisville has been crowned number one. read more here

Thank you to Jim Renshaw at Land Title for compiling these headlines.

Michelle Potter, Realtor in Denver
DenverRelocationBroker.com
303-489-4035
5280 Magazine "5 Star Denver Real Estate Agent"