Denver MLS Market Statistics | Denver Real Estate

Denver Market Stats for July

August 10, 2012 by michelleapotter Leave a Comment

The Metro-Denver real estate market lost a bit of traction in July when comparing month-over-month residential home sales. The number of sold homes dropped by 6.73%, while sold condos dropped by 1.95% from June to July.

The average price of a Denver home also dipped from June to July by 3.57% to a current average of $312,920. Home prices rose by 4.78% when compared against July 2011. The average price of a condo increased by 4.79% from June to an average of $190,269. Condos also showed a year-over-year price increase of 24.31%.

The year-over-year number of properties sold, remained strong. There was a 20.47% increase in the number of homes sold and a 20.19% increase in the number of condos sold when compared to July 2011.

Inventory remains historically low. There were only 10,827 combined homes and condos on the market in July. This offers some explanation as to the current market dip — homebuyers simply don’t have enough choices.July Market Snapshot:

Market Snapshot for July:

Market by Price:

Metro Denver Housing Stats by Area and Zip Code:

As noted in the slideshow — the Metro-Denver real estate market continues to be a sellers market in most areas.

Thank you to the Berkshire Group for compiling these stats.

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

Denver Real Estate Statistics – June 2012

July 9, 2012 by michelleapotter Leave a Comment

The Denver real estate market continues to show energy, with the average residential home price at $324,500 and the medium home price at $269,500. Denver homes at or above the $500,000 price are starting to show vitality, which in turn is moving the medium price into higher grounds. Inventory remains tight, making bidding wars the new normal.

Click on the slideshow below to see how your metro Denver area is faring:

Denver Home Sales Southwest Region

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Southwest Denver MLS home sales showed market extremes between moderate depreciation in Mountain Evergreen South to high appreciation in Denver Southwest, Jefferson South and Jefferson South Central.

If you are considering buying or selling in Metro Denver, feel free to contact me with any questions. Thank you to the Berkshire Group for organizing these statistics in graphs and charts.

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

Filed Under: Denver MLS Market Statistics Tagged With: Denver CO. Market Stats, Denver Homes, Denver MLS market

Denver Real Estate Stats for May

June 12, 2012 by michelleapotter Leave a Comment

The Denver real estate market signaled continued growth for the month of May. The number of year-over-year sold homes from May of 2011 to 2012 increased 29.93%. The number of month-over-month sold homes, from April to May, increased by 18.86%.

Days on market from May of 2011 to present have decreased by 28.44% — while the month-over-month percentage has dropped 13.33%. The average sold price for a Denver home, currently at $284,059, was up by 10.45% from last year at the same time.

Denver home seller’s have taken notice. In the lower price points, and where homes are properly priced, buyer’s need to be prepared to go in at or above ask…Competition is fierce and seller’s are back to reviewing multiple offers.

Single Family & Condo Sales:

Denver Home Activity by Price:

The price band chart identifies which segments of the Denver real estate are moving at the quickest pace.

Thank you to the Berkshire Group Realtor’s in Denver for providing the second chart. If you have any questions about the Denver market, don’t hesitate to contact me.

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

Filed Under: Denver MLS Market Statistics Tagged With: Denver Market Stats, Denver MLS, Denver Real Estate

Denver CO. Real Estate Statistics for April

May 5, 2012 by michelleapotter Leave a Comment

The Denver real estate market continues to rocket along with a year-over-year 10.54% increase in average home prices — combining single family and condos. Separately, single-family home prices increased by 9.83% from a year ago, with an average sold price of $298,712. The average days on the market also decreased by 19.64% when measured against April of 2011.

Denver Condo and townhomes prices fared equally well over the past year. The average sold price increased by 12.49% to an average of $178,231. The average days on market decreased by 26.02% when compared to last year.

This band chart shows that month-over-month Denver housing indicators are also showing promise:

Single Family and Condo Sales:

When homes are broken down by price ranges, it becomes clear that the lower price points are showing the most activity, with movement also occurring in the mid range of 300 to $499,999. Bidding wars are the new norm in Denver in homes under 299,000 that are priced properly and in decent condition.

Denver Home Activity by Price:

Please feel free to contact me with any questions about the Denver real estate market.

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

Filed Under: Denver MLS Market Statistics Tagged With: Denver MLS Stats, Denver Real Estate Market, Denver Sold Homes

Denver Real Estate – Market Statistics for March

April 9, 2012 by michelleapotter Leave a Comment

The Denver real estate market is continuing to move in the right direction. According to the Denver MLS statistics for March, condos and single-family home prices increased both month-over-month and year-over-year. The current average single-family home price for Denver is $284,035 – an increase of 3.71% over the same period last year. Average condo prices increased by 1.25% over the past year to $161,848.

Additional indicators signaling market improvement are the decreasing days on market. This, combined with significantly fewer homes on the market than last March, is creating fever in the lower price point. Every offer I have submitted in the past two months under $300,000 has been a multiple offer situation.

Denver Residential Statistics by Price Point:

The band chart reflects where the most movement in the market is occurring. There are only 10.75 weeks of inventory in homes priced in the $200-299,00 price range. From what I have seen, if the home is priced correctly and in good shape, it goes much quicker than this number suggests. As noted last month, this creates a nice opportunity if one is considering selling a Denver home.