Market Conditions 
There are currently 24 blog entries related to this category.
Denver Market Stats - December 2009
Tuesday, January 12th, 2010 at 10:44pm. 166 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. 212 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. 275 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. 408 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. 383 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. 281 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 Market Statistics - July 2009
Friday, August 7th, 2009 at 9:15pm. 345 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. 677 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”…
Denver Fares Best Amongst 20 U.S. Cities In National Survey
Thursday, May 28th, 2009 at 12:28am. 493 Views, 0 Comments.
According to the S&P/Case-Shiller® Home Price Indices, Denver fared the best among 20 U.S. cities. The 20-City Composites recorded annual declines of 18.7%. This is a slight improvement from the return reported for February.
“Declines in residential real estate continued at a steady pace into March,” says David M. Blitzer, Chairman of the Index Committee at Standard & Poor’s. “All 20 metro areas are still showing negative annual rates of change in average home prices with nine of the metro areas having record annual declines. Seventeen metro areas recorded a monthly decline in March, with Minneapolis, Detroit and New York posting record monthly declines. On a positive note, nine of MSAs are reporting a relative improvement in year-over-year returns and nine…
Distressed Sales Distort Market Values
Monday, May 25th, 2009 at 1:00pm. 398 Views, 0 Comments.
About 50 percent of nationwide transactions are sales of distressed homes, resulting in market distortions in otherwise stable neighborhoods, Robert Freedman reports in REALTOR Magazine.
The median national home price today is about $169,000, down almost 14 percent from a year ago and an estimated 30 percent from its peak. “We’re only capturing transaction prices,” NAR Chief Economist Lawrence Yun said, “and those prices might be 20 percent to 25 percent below actual values.”
Lenders add to the problem of market distortion by not refinancing mortgages of troubled owners. Not being able to refinance worsens a homeowner’s financial situation. The lack of reasonably priced financing for higher-cost homes also contributes to the…
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Denver Market Stats - December 2009
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 So…
Read Full Post...Denver Market Trends - November 2009
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…
Read Full Post...Denver Market Conditions - October 2009
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 …
Read Full Post...Quick Rebound Predicted For Colorado's Economy
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-pl…
Read Full Post...Denver Market Statistics - September 2009
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 3,84…
Read Full Post...