Market Conditions 
There are currently 32 blog entries related to this category.
Buying a Home with Built-In Resale Value
Saturday, November 19th, 2011 at 12:36pm. 479 Views, 0 Comments.
Community
We have all seen ads touting, “Location, Location, Location.” What does this mean exactly? Prior to being an agent, I thought it was REALTOR®-speak for “this property has nothing going for it but it’s location.” As it turns out, that’s not correct. What it really means is that the property is in a location that will appeal to lots of buyers. When purchasing a home, choosing just the right community will be better not only for living there, but it can also lessen time on market and maximize your resale value when it’s time to sell.
Schools
This is big, folks. Even if you do not have children, your children are grown, or you have not intention of having children, this is big. We all know those parents. The ones that fear if their…
Luxury Real Estate: Back to the Basics
Thursday, July 7th, 2011 at 11:59am. 625 Views, 0 Comments.
While much of real estate has been pummeled over the past few years, the high-end real estate market has been relatively immune to some of the most egregious drags on prices. In fact, luxury homes and condominiums have seen a resurgence in sales activity this year, bringing this previously dormant segment of the market roaring back to life. Buyers are coming in, homes are getting sold, and prices look to either stabilize or increase based upon revitalized demand. That’s not to say, however, that higher-end real estate isn’t without its deals—it merely takes some research and guidance to root out the dynamics that are at play in today’s luxury home and condo markets. For buyers and sellers alike, the mantra is this: get back to the basics!
Number one way…
Colorado Places Fourth in Forbes List of Best States for Business
Tuesday, October 26th, 2010 at 8:51am. 998 Views, 1 Comments.
According to Forbes’s latest list, Colorado is once again the fourth best state for business. Although the state landed a number six position in 2008, this marks the second year in a row that Colorado was placed in the number four position.
A number of factors are taken into consideration when developing the Forbes annual list of the best states for business. These factors include:
* Business costs (including labor, taxes and energy)
* Labor supply
* Regulatory environment
* Economic climate
* Growth prospects
* Quality of life
When it comes to the category of labor supply, Colorado came in the number one position. In terms o f growth prospects and economic climate, the state was ranked as sixth in both categories, while the state’s…
Forbes Releases List of Top Housing Markets Likely to Experience Value Appreciation
Sunday, September 19th, 2010 at 8:14pm. 890 Views, 0 Comments.
As people around the country look forward to a recovery from the devastating recession that has caused home values to depreciate around the country, Forbes magazine has created a list of those markets that have the greatest chance of experiencing a price appreciation. Clearly, anyone who is looking for a solid investment property or who simply wants to purchase property in an area where they can be relatively certain the price will only go up from here, being aware of which areas are most likely to appreciate in value is good information to have.
Although there are a number of factors to consider when determining which markets are the most likely to appreciate in value, Forbes magazine primarily focused on the mix of jobs available in the area that are…
Denver Metro Area Ranks as the Eleventh Best Place for Job Seekers
Tuesday, August 24th, 2010 at 7:49am. 405 Views, 0 Comments.
According to the career search engine Juju.com, Denver is the eleventh best place for job seekers to find work. The Denver metro area achieved the same ranking in August, though it is down from its 10th place ranking in June.
To determine its rankings, Juju.com took a closer look at the 50 largest cities in the country. The researchers then assigned a Job Search Difficulty Index, which is based on the ratio of unemployed workers within the market compared to the number of job openings being advertised within that market, to each of these cities.
After crunching the numbers, Juju.com determined that the Denver metro area has 2.63 unemployed workers for every advertised job to be advertised in August, resulting in an 11th place finish. The…
Researchers Determine Exports are an Important Part of Denver’s Economic Future
Friday, July 30th, 2010 at 7:53am. 335 Views, 0 Comments.
According to a study conducted by Brookings Mountain West, exports may be the key to increasing the number of Denver jobs in the future. In fact, in 2008 alone, exports provided more than 74,000 jobs to the Denver metro area. Furthermore, the researchers who prepared the Brookings report believe exports can go a long way toward helping to replace those jobs that were lost during the recession.
“In the aftermath of the recession, the mountain region as well as the nation must become more export oriented and less dependent on domestic consumption, and all levels of government – and the private sector – need to work together to ensure that happens,” wrote the researchers. “Looking forward, big mountain metros stand to gain thousands of jobs over the next five…
Million Dollar Denver Area Housing Market Showing Signs of Recovery
Saturday, July 10th, 2010 at 10:12am. 455 Views, 0 Comments.
While the million dollar housing market is still far from enjoying a full recovery from the recession. InsideRealEstateNews reports that things seem to be moving in the right direction within this part of the Denver area housing market.
Although luxury homes are still the slowest moving homes on the Denver area housing market, the majority of those who sold their million dollar homes in May did manage to make a profit on the transaction. Unfortunately, for sellers in Arapahoe Country, this trend did not hold true with their homes, where the luxury home market still appears to be struggling.
Overall, 44 luxury single-family detached homes were sold within the Denver area at a total cost of $63.4 million. With the homes being listed for a total of $68.7…
Denver Home Resales Rose 20% in May from 2009
Monday, June 14th, 2010 at 8:57pm. 412 Views, 1 Comments.
Federal homebuyer tax credits continued to boost sales in the Denver area home resale market in May. Completed sales transactions of both resale houses and condos totaled 4,365 in the metro area, up 20 percent from May 2009, according to Metrolist Inc.
Average and median sold prices for homes also increased year over year. The average sold price rose 4.3 percent to $273,285. The median sold price increased 4.6 percent to $230,000. In addition, houses were on the market for sale an average of 75 days, down nearly 9 percent from May 2009 and down 5 percent from April this year.
The federal government, as part of the Obama administration’s economic stimulus program, offered a tax credit last year and early this year for as much as $8,000 to first-time…
Denver Market Stats - December 2009
Tuesday, January 12th, 2010 at 10:44pm. 961 Views, 0 Comments.
Denver Metro Residential & Condominium Listings
| % Change vs | |||
| DEC 09 | Prior Month | Year Ago | |
| Single Family (Res + Cond) | |||
| Active | 16,456 | -8.89 | -16.04 |
| Under Contract | 3,028 | -12.08 | -7.85 |
| Sold | 2,959 | -17.78 | -8.50 |
| Avg DOM | 89 | 9.96 | -10.22 |
| Avg Sold Price | $255,877 | 7.13 | 13.59 |
| Residential | |||
| Active | 12,263 | -9.66 | -18.22 |
| Under Contract | 2,371 | -13.05 | -11.13 |
| Sold | 2,328 | -15.38 | -9.94 |
| Avg DOM | 88 | 11.39 | -10.20 |
| Avg Sold Price | $281,756 | 6.12 | 16.94 |
| Condominium | |||
| Active | 4,193 | -6.53 | -8.95 |
| Under Contract | 657 | -8.37 | 6.31 |
| Sold | 631 | -25.59 | -2.77 |
| Avg DOM | 93 | 5.68 | -10.58 |
| Avg Sold Price | $160,399 | 5.24 | -1.46 |
*Based upon information from…
Denver Market Trends - November 2009
Saturday, December 12th, 2009 at 11:58pm. 907 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…
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