Denver Real Estate Blog 
Denver Market Trends - November 2009
Saturday, December 12th, 2009 at 11:58pm. 587 Views, 0 Comments.
Denver Metro Residential & Condominium Listings
| % Change vs | |||
| NOV 09 | Prior Month | Year Ago | |
| Single Family (Res + Cond) | |||
| Active | 18,061 | -4.67 | -17.00 |
| Under Contract | 3,444 | -29.86 | -5.31 |
| Sold | 3,599 | -9.07 | 23.25 |
| Avg DOM | 81 | -12.77 | -13.49 |
| Avg Sold Price | $238,852 | 0.02 | 5.27 |
| Residential | |||
| Active | 13,575 | -5.57 | -19.08 |
| Under Contract | 2,727 | -28.24 | -6.71 |
| Sold | 2,751 | -9.86 | 16.82 |
| Avg DOM | 79 | -14.13 | -15.05 |
| Avg Sold Price | $265,498 | 1.42 | 9.46 |
| Condominium | |||
| Active | 4,486 | -1.82 | -10.03 |
| Under Contract | 717 | -35.41 | 0.42 |
| Sold | 848 | -6.40 | 50.09 |
| Avg DOM | 88 | -10.20 | -9.28 |
| Avg Sold Price | $152,409 | -5.60 | -5.70 |
* Based upon information from…
Denver Market Conditions - October 2009
Saturday, November 7th, 2009 at 11:23pm. 646 Views, 0 Comments.
Denver Metro Residential & Condominium Listings
| % Change vs | |||
| OCT 09 | Prior Month | Year Ago | |
| Single Family (Res + Cond) | |||
| Active | 18,945 | -4.48 | -18.06 |
| Under Contract | 4,910 | -6.08 | 9.01 |
| Sold | 3,958 | 2.91 | -7.57 |
| Avg DOM | 93 | -2.74 | -1.59 |
| Avg Sold Price | $238,807 | -4.90 | 2.81 |
| Residential | |||
| Active | 14,376 | -4.45 | -19.43 |
| Under Contract | 3,800 | -5.68 | 4.14 |
| Sold | 3,052 | 1.70 | -9.86 |
| Avg DOM | 92 | -4.17 | -1.08 |
| Avg Sold Price | $261,771 | -4.61 | 4.64 |
| Condominium | |||
| Active | 4,569 | -4.57 | -13.43 |
| Under Contract | 1,110 | -7.42 | 29.82 |
| Sold | 906 | 7.22 | 1.12 |
| Avg DOM | 98 | 1.03 | -3.92 |
| Avg Sold Price | $161,451 | -4.06 | -1.96 |
* Based upon information from Metrolist, Inc..…
Quick Rebound Predicted For Colorado's Economy
Sunday, October 11th, 2009 at 5:03pm. 839 Views, 0 Comments.
According to the University of Colorado at Boulder's leading economist, Colorado appears to be poised as amongst the first states to exit this recession as reported by The Denver Business Journal.
At a gathering of clients of Denver-based financial-planning firm, Richard Wobbekind indicated that "We may be one of the first states out". He further stated that if technology and business spending fuel the recovery, as some analysts expect given anemic consumer spending, then Colorado is in a strong position to benefit. Current forecasts call for Colorado's to return to a 0.4 percent job growth in 2010 placing it in the fourth-best position among all states.
Any recovery will be sluggish at best, Wobbekind cautioned. But unlike some economists, he doesn't expect…
Denver Market Statistics - September 2009
Thursday, October 8th, 2009 at 12:20am. 591 Views, 0 Comments.
Denver Metro Residential & Condominium Listings
| |
% Change vs | ||
| SEP 09 | Prior Month | Year Ago | |
| Single Family (Res + Cond) | |||
| Active | 19,834 | -1.93 | -17.09 |
| Under Contract | 5,228 | -0.38 | -0.78 |
| Sold | 3,846 | -1.51 | -9.82 |
| Avg DOM | 96 | 2.36 | -0.27 |
| Avg Sold Price | $251,112 | 0.04 | 4.88 |
| Residential | |||
| Active | 15,046 | -1.67 | -18.65 |
| Under Contract | 4,029 | -1.88 | -5.04 |
| Sold | 3,001 | -2.12 | -10.84 |
| Avg DOM | 96 | 2.13 | 1.05 |
| Avg Sold Price | $274,433 | 0.17 | 5.50 |
| Condominium | |||
| Active | 4,788 | -2.74 | -11.77 |
| Under Contract | 1,199 | 4.99 | 16.86 |
| Sold | 845 | 0.72 | -6.01 |
| Avg DOM | 97 | -1.02 | -4.90 |
| Avg Sold Price | $168,288 | 0.72 | 3.91 |
* Based upon information from Metrolist,…
Denver’s Labor Market Stronger Than Most Cities
Wednesday, October 7th, 2009 at 11:26pm. 417 Views, 0 Comments.
Denver ranked 37th in labor-market strength among the nation’s 100 largest labor markets, reports Portfolio.com, a national business-news website. The city slipped from its No. 30 ranking last year.
Although Denver lost tens of thousands of jobs over the last year, it still did better than most cities. Porfolio.com calculates that the Denver area gained 25,000 private-sector jobs between 2004 and 2009 (up 2.5 percent), but lost 55,400 jobs between 2008 and 2009 (down 5.1 percent).
In comparison, jobs in the nation’s strongest job market--Austin, Texas-- grew 16.6 percent between 2004 and 2009, and decreased 1.2 percent between 2008 and 2009. Rounding out the top five strongest labor markets on the Portfolio.com list were San Antonio; Baton Rouge, La.;…
Denver and Colorado Rank Among The Most Popular Cities and States
Wednesday, October 7th, 2009 at 11:20pm. 480 Views, 0 Comments.
Denver is the second most popular American city to live in, according to a recent Harris Interactive poll. This is the first time in the 13 years of the Harris survey that Denver has ranked higher than No. 4 on the list of most-popular cities. Last year, Denver was No. 9. Colorado ranked as the fifth favorite state.
The online survey asked 2,498 people where they would want to live if they didn’t live where they are now. “The most popular states and cities where large numbers of people would like to live tend to attract tourists and business,” Harris Interactive said in a statement. “They are places where people like to take vacations and where companies like to have their offices and factories.”
New York City topped the list of favorite cities. It was…
Denver Ranks 6th As One Of America's Top Cities to Grow Up
Thursday, August 20th, 2009 at 2:03pm. 893 Views, 0 Comments.
Where are the best places to grow up in America? A combination of safe neighborhoods, fun activities, and good schools might be a good start.
U.S. News & World Report ran 2,000 communities through its database and concluded that these 10 cities, which also offer low crime and lots of green space, are the best places to enjoy a happy childhood:
Denver is a wonderful place to be a kid. Some of the many enjoyable things to do in Denver include snowboarding in the Rockys, biking through America's largest city park system, or going to Invesco Field at Mile High for a Broncos football game. Denver's among the country's safest…
Denver Market Statistics - July 2009
Friday, August 7th, 2009 at 9:15pm. 466 Views, 0 Comments.
Denver Metro Residential & Condominium Listings
| % Change vs | |||
| JUL 09 | Prior Month | Year Ago | |
| Single Family (Res + Cond) | |||
| Active | 20,890 | 0.18 | -18.63 |
| Under Contract | 5,286 | -6.67 | -10.07 |
| Sold | 4,440 | 6.07 | -13.33 |
| Avg DOM | 100 | 0.37 | 2.87 |
| Avg Sold Price | $252,727 | -2.21 | -3.62 |
| Residential | |||
| Active | 15,830 | 0.25 | -20.00 |
| Under Contract | 4,198 | -6.04 | -11.88 |
| Sold | 3,484 | 4.69 | -16.13 |
| Avg DOM | 98 | -2.97 | 1.03 |
| Avg Sold Price | $276,654 | -2.35 | -2.54 |
| Condominium | |||
| Active | 5,060 | -0.06 | -14.02 |
| Under Contract | 1,088 | -9.03 | -2.33 |
| Sold | 956 | 11.42 | -1.34 |
| Avg DOM | 109 | 12.37 | 9.00 |
| Avg Sold Price | $165,530 | 2.22 | -2.33 |
* Based upon information from Metrolist,…
Denver Ranked Best City To Buy A Home
Tuesday, July 14th, 2009 at 12:28am. 824 Views, 0 Comments.
Forbes magazine has named Denver the top city to buy a home in a study of the 25 largest U.S. metro areas. The ranking was based on three key criteria: the change in price per square foot, the frequency of real estate transactions, and how evenly home-sales activity is distributed in a metro area.
In Denver, the average price per square foot of housing space increased 5.7 percent between February and March 2009. Transactions decreased 8.4 percent between March 2008 and March 2009, which was less of a drop than many cities. Regarding distribution of activity, 25 percent of the property sales occurred within about 25 percent of the city’s zip codes.
Denver was also named America’s No. 1 city on the verge of recovery in a May 19 segment on the NBC “Today”…
Foreign Investors Optimistic About U.S. Real Estate Market
Wednesday, June 24th, 2009 at 12:58am. 759 Views, 1 Comments.
A new survey released by the Association of Foreign Investors in Real Estate (AFIRE) indicates 31 percent of survey respondents are more hopeful about the U.S. real estate market than they were last January. Most of the 200 AFIRE members surveyed plan to invest substantially more during the rest of 2009 than year to date. On the debt side, they expect to invest three times more. Equity investors expect to place seven times more. To date, 75 percent of the survey respondents have not yet invested in 2009 but more than two-thirds of them plan to invest some debt or equity in U.S. real estate before the end of the year.
Survey respondents chose the office sector as the preferred property type for their real estate investment dollars, followed by the…
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