Average Price of Denver Homes Fell Less in 2008 Than Other Major Cities
Posted by TheHomeCart.com on Saturday, February 28th, 2009 at 7:44pm.Prices of existing homes in the Denver area declined less through 2008 than in any of 20 major U.S. cities, Standard and Poor recently reported. The monthly S&P/Case-Shiller Home Price Indices said Denver’s average existing-home price from December 2007 to December 2008 fell 4 percent compared to the average decline 18.5 percent in the other 19 cities.
Dallas had the second smallest year-to-year decline at 4.3 percent. Las Vegas (33 percent) and Phoenix (34 percent) had the greatest price declines.
The S&P report also tracks how much home prices have gone up or down since January 2000, which has a price index of 100. In December 2007, Denver had a home-price index of 125.74, which means homes price have increased 25.74 percent since January 2000. The average price index for all 20 cities was 150.66.
For more information about the S&P report, click here.Our select team here with TheHomeCart.com and Brokers Guild - Cherry Creek Ltd is committed to meeting all of your Colorado real estate needs. We use the latest technology and utmost degree of customer service to enhance your real estate buying and selling experience. Our team services the Denver Metro area helping buyers and sellers with homes, townhomes, condos, lofts, and investment properties. We specialize in offering relocation assistance for local, national and international buyers of homes and properties here in colorful Colorado. For more information about buying or selling your Denver area home, please contact us here at TheHomeCart.com.
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