Real Estate Market Reports & Trends for Denver Suburbs

The is still one fo the slower areas of the Denver Metro real estate market, but
we still saw some activity in May. Price and condition are still completely
crucial, and will continue to be throughout the summer and into the fall months
for this part of the Denver metro real estate market in particular.
With just under 7 months inventory and 104 day on market average, this isn’t
terrible! It is however, more of a buyer’s market. So as a repeat one more
time, price effectively and keep your home in great condition and you’ll be on
your way. Make sure you continue to ask your REALTOR the though questions – how
are your priced compared to your competition, are there areas of your home that
condition can be improved, what other things that are in your control can you
improve to help your home sell.
Douglas County & Elbert Colorado – STATISTICS FOR HOME SALES IN THE AREA – EAST
DOUGLAS COUNTY

This report includes all areas of the Denver MLS known as DEP : Douglas County &
Elbert County – Parker, Kiowa, Elizabeth, Franktown – May 2008

DEP – Douglas County East/Parker – Residential Real Estate – Single Family Homes
Total Active Homes For Sale 1356
Average Asking Price $618,138
New Real Estate Listings on the Market 546
Listings Back on Market 98
Sold Homes 197
Average Price Actually Sold $376,259
% of List Price 97%
Days on Market 104
Homes Under Contract 229
Expired Listings 49
Douglas County East/Parker – Condos & Town Homes
Total Active For Sale 132
Average Asking Price $170,730
New Real Estate Listings on the Market 50
Listings Back on Market 17
Sold Listings 21
Average Price Actually Sold $171,275
% of List Price 98%
Days on Market 119
Homes Under Contract 37
Expired Listings 4

*Statistics from MLS deemed accurate but not guaranteed.
*These numbers may not include FSBO and New Construction.

Read Also: Do You Need A Buyer’s Agent in Colorado?
Selling Your Vacant Denver Home

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