Market Conditions 
There are currently 28 blog entries related to this category.
Denver Metro Area Ranks as the Eleventh Best Place for Job Seekers
Tuesday, August 24th, 2010 at 7:49am. 30 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. 81 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. 125 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. 147 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. 586 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. 574 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. 638 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. 831 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. 584 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. 414 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.;…
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