web statistics

Denver Real Estate - Health of the Market

August 30th, 2008 Steve Scheer Posted in About Denver Real Estate, Buyers, Denver Home Pricing, Denver Market Reports, Denver Relocation, Sellers No Comments »

denver suburbs home for sale real estateSo here we are on Labor Day Weekend.  And I can tell you without hesitation - The question of the summer that I received - whether it was at a backyard barbecue, in the church parking lot, at a soccer game, at the pool, in an email or on the phone - was…

Well, Steve, really, how is the Denver real estate market, really.

And of course I tell people the truth.  There are parts that are doing better than others and those are doing well.  And then there are some areas doing worse than others, and those need some help.

Yes we have all heard the media hype of the nation wild housing crisis - and yes - there are some serious problems.  And then there is the whole mortgage mess.

But if someone asks me, Steve- really - should I buy a home now?  The answer is, it depends. 

It depends on so many factors.  We then spend time talking about if they have an idea how long they may stay, their price range, area of town interested it, and oh so many things.  I want to make something clear - it is a good idea for many to buy right now.  But there are some circumstances where I will tell you it is not.

And if they ask me, truly, is the market as bad as everyone says is it, here in the Denver area, specifically the Denver suburbs.  I have to say no.  Even my Highlands Ranch neighbors have been under the impressions the sky is falling and that just is not true.

Just this week the Case -Shiller Index was released - and even through this report, it stated that the Denver real estate market is the top market of the 20 metro markets in the index of top markets in the country.  In fact, the headline in the Denver Business Journal was just that "Denver Home Price Rise Top 20 City List".  In a time period that ranged from April through May, the real estate home prices in the Denver area actually rose 1%.

Here are some additional articles from the media that you can read more about the Case-Shiller Index

Denver Business Journal

Rocky Mountain News

AddThis Social Bookmark Button

Littleton Real Estate - Homes Sales & Market Trends - May 2008

July 5th, 2008 Kinetic Knowledge Posted in Denver Market Reports, Littleton No Comments »

Real Estate Market Reports - Jefferson County - Littleton Jefferson County Colorado - STATISTICS FOR HOME SALES IN THE AREA -Jefferson County - Littleton Jefferson County is certainly coming around. With just over 4 months supply of inventory this is a well balanced market. Days on market for sellers still remains over 3 months, but that could change if inventory reduces. This area is always popular with it’s close proximity to the foothills. Jefferson county homeowners should still remain price conscious when listing their homes if they want the best opportunity to swell. Updating can go a long way in selling if your home is a bit older. Keep the curb appal sharp this time of year and you’ll do fine. buyers looking in Jefferson County should know that there is still a good supply of homes to choose from and although many sellers are competitive on price, it is still a bit of a buyer’s market and sellers are willing to strike a fair deal. This report includes all areas of the Denver MLS known as JFS : Jefferson County (south) parts of Littleton - May 2008 JFS - Jefferson County - Residential Real Estate - Single Family Homes Total Active Homes For Sale 651 Average Asking Price $477,552 New Listings on the Market 389 Listings Back on Market 78 Sold Homes 149 Average Price Actually Sold $319,186 % of List Price 97% Days on Market 93 Under Contract 171 Expired Listings 30 Littleton - Jefferson County - Condos & Town Homes Total Active For Sale 258 Average Asking Price $176,195 New Listings on the Market 112 Listings Back on Market 19 Sold Listings 48 Average Price Actually Sold $160,137 % of List Price 97% Days on Market 65 Under Contract 49 Expired Listings 11 *Statistics from MLS deemed accurate but not guaranteed. *These numbers may not include FSBO and New Construction.

AddThis Social Bookmark Button

Centennial Real Estate - Greenwood Village Real Estate - Market Reports

July 5th, 2008 Steve Scheer Posted in Centennial, Denver Market Reports No Comments »

Market Reports & Sales Trends - Centennial, Littleton, Greenwood Village Homes Sales & Real Estate

This part of the south metro area is always a popular area. Just into the south Denver metro area and still close to the DTC and easy access to downtown these neighborhoods are coming alive. Sales times are a bit over 3 months, not too bad. Inventory levels are at just over 5 months, nice and balanced. Gas prices, the economy in general, there are so many reasons why closer in to the city centers are becoming more popular. But for this area, just great lots, nice homes and convenience to so many parks and shopping make this area ideal for Denver home buyers. Keep prices competitive and make sure your home shines. The market is starting to pick up as you can see with Under Contracts and if you continue to listen to your Denver Realtor you too will be at the closing table!

This report includes all areas of the Denver MLS known as SSC - South Suburban Central: parts of Littleton, parts of Centennial, western parts of Greenwood Village and parts of Englewood - May 2008 South Suburban Central - Residential Real Estate -

Single Family Homes Total Active 607
Average Asking Price Price $575,165
New Listings 333 
Listings Back on Market 57 
Sold 114 
Average Price 
Actually Sold $347,004 
% of List Price 97% 
Days on Market 93 
Under Contract 173 
Expired Listings 23 

South Suburban Central - Condos & Town Homes

Total Active 203 
Average Asking Price $196,778 
New Listings 87 
Listings Back on Market 21 
Sold 42 
Average Price actually sold $174,681 
% of List Price 96% 
Days on Market 100 
Under Contract 60 
Expired Listings 13 

*Statistics from MLS deemed accurate but not guaranteed. 
*These numbers may not include homes that are sold by owner (FSBO) and New Construction Read Also: Do You Need A Buyer’s Agent in Colorado? Selling Your Vacant Denver Home

AddThis Social Bookmark Button

Denver South East Real Estate - Market Report - May 2008

July 5th, 2008 Steve Scheer Posted in Denver, Denver Market Reports No Comments »

MARKET REPORT - DENVER REAL ESTATE - DENVER SOUTH EAST

For those of you that held tight & continued to keep your price right and your home in tip-top conditon at all times, it may bave paid off for you this month. Sales are up, homes Under Contract are up and these are all great signs of a market that could possbily be starting to make a turn.

May was a much better month in this part of the Denver real estate market. I will repeat what I said in April: Pricing the home right and creating offers is far more important than waiting at the wrong price to negotiate with someone. That may never happen! Keep analyzing your price and make sure you are where you should be. The buyers are out there and starting to take serious action.

Here are the DSE - Denver South East numbers for May 2008 - Denver South East Denver South East - Residential Real Estate -

Single Family Homes

Total Active 1800
Average Asking Price Price $758,548
New Listings 1075
Listings Back on Market 155
Sold 270
Average Price Actually Sold $418,832
% of List Price 96%
Days on Market 98
Under Contract 386
Expired Listings 66

Denver South East Condos & Town Homes
Total Active 1430
Average Asking Price $386,852
New Listings 578
Listings Back on Market 125
Sold 211 Average Price actually sold $212,950
% of List Price 97%
Days on Market 116
Under Contract 264
Expired Listings 51

*Statistics from MLS deemed accurate but not guaranteed. *These numbers may not include homes that are sold by owner (FSBO) and New Construction 

 

AddThis Social Bookmark Button

Castle Rock Real Estate - Castle Pines Real Estate - May 2008

July 5th, 2008 Kinetic Knowledge Posted in Castle Rock, Denver Market Reports No Comments »

Here are the DCW Douglas County West - Homes in Castle Rock, Castle Pines and Sedalia - For Sale & Sold Homes Douglas County West - Residential Real Estate - Single Family Homes Total Active Homes 1557 Average Asking Price $765,719 New Real Estate Listings 571 Listings Back on Market 80 Sold Homes 149 Average Price Actually Sold $387,334 % of List Price 98% Days on Market 126 Under Contract Properties 181 Expired Listings 55 Douglas County West - Condos & Town Homes Total Active Homes 112 Average Asking Price $235,922 New Real Estate Listings 31 Listings Back on Market 8 Sold Properties 9 Average Price Actually Sold $169,122 % of List Price 97% Days on Market 99 Under Contract 29 Expired Listings 6 *Statistics from MLS deemed accurate but not guaranteed. *These numbers may not include homes that are sold by owner (FSBO) and New Construction

AddThis Social Bookmark Button

Centennial Real Estate - Aurora Real Estate - Homes Sales Reports & Market Trends

July 5th, 2008 Kinetic Knowledge Posted in Denver Market Reports No Comments »

Centennial Real Estate - Aurora Real Estate - Homes Sales Statistics Here are the AUS Aurora South numbers for May 2008 - Aurora South and parts of Centennial comes sales in Colorado. Aurora South - Residential Real Estate - Single Family Homes Total Active 1385 Average Asking Price Price $242,944 New Listings 673 Listings Back on Market 210 Sold 336 Average Price Actually Sold $193,412 % of List Price 98% Days on Market 90 Under Contract 492 Expired Listings 82 Aurora South Condos & Town Homes Total Active 657 Average Asking Price $132,662 New Listings 249 Listings Back on Market 66 Sold 145 Average Price actually sold $117,810 % of List Price 96% Days on Market 96 Under Contract 174 Expired Listings 49 *Statistics from MLS deemed accurate but not guaranteed. *These numbers may not include homes that are sold by owner (FSBO) and New Construction

AddThis Social Bookmark Button

Highlands Ranch & Lone Tree Real Estate and Market Report - April 2008

May 29th, 2008 Steve Scheer Posted in Denver Market Reports, Highlands Ranch, Lone Tree No Comments »

April 2008 - Highlands Ranch Real Estate - Lone Tree Real Estate - Sales & Market Trends in Denver’s Suburbs

The Highlands Ranch and Lone Tree areas of Denver’s south metro real estate market are still seeing decent activity. This is the area that is found in theDenver MLS as DHL. I dislike repeating the same mantra - but price and condition are going to be key if you are a home seller right now. With that said, activity is up with an increase in closed sales and pendings in Highlands Ranch and Lone Tree, especially in regards to single family homes. Condos and Town Home sales in the area are a bit slower but there is still activity.

Here are the DHL Douglas County - Highlands Ranch & Lone Tree numbers for April 2008.

Highlands Ranch & Lone Tree Single Family Homes 
Total Active 697 
Average Asking Price $474,089 
Listings Back on Market 69 
Sold 150 
Average Price Actually Sold $345,812 
% of List Price 97% 
Days on Market 71 
Under Contract 235 
Expired Listings 36 

Highlands Ranch & Lone Tree Condos & Town Homes 
Total Active 154 
Average Asking Price $260,932 
Listings Back on Market 15 
Sold 26 
Average Price actually sold $215,667 
% of List Price 98% 
Days on Market 100 
Under Contract 34 
Expired Listings 9

*Statistics from MLS deemed accurate but not guaranteed. *These numbers may not include homes that are sold by owner (FSBO) and New Construction

 

AddThis Social Bookmark Button

Parker Real Estate - Homes Sales Statistics & Market Trends

May 28th, 2008 Steve Scheer Posted in Denver Market Reports, Parker No Comments »

Real Estate Market Reports & Trends for April 2008 - PARKER, ELIZABETH, FRANKTOWN, KIOWA - Denver Suburbs

Activity is up all around in this area - inventory is up, sold homes are up and pending sales are up as well. All good signs but we still have a ways to go. Days on Market is up as well (107) and pricing your home is going to remain critical. This area is very attractive to home buyers - but they are smart and savvy and aware of market conditions. Sales in the area are going to be very strategic and not always emotionally driven. Is your Parker home for sale the nicest one in the area at the best price? If not, you need to make it that way for it to get serious consideration.

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 - April 2008 DEP -

Douglas County East/Parker - Residential Real Estate - Single Family Homes 
Total Active Homes For Sale 1281 
Average Asking Price $604,322 
New Listings on the Market 535 
Listings Back on Market 97 
Sold Homes 170 
Average Price Actually Sold $332,216 
% of List Price 97% 
Days on Market 107 
Under Contract 233 
Expired Listings 50

Douglas County East/Parker - Condos & Town Homes 
Total Active For Sale 134 
Average Asking Price $172,154 
New Listings on the Market 65 
Listings Back on Market 8 
Sold Listings 20 
Average Price Actually Sold $166,668 
% of List Price 97% 
Days on Market 108 
Under Contract 32 
Expired Listings 4

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

 

AddThis Social Bookmark Button

Castle Rock Real Estate - Castle Pines Real Estate - Home Sales Report and Market Trends

May 28th, 2008 Steve Scheer Posted in Castle Pines, Castle Rock, Denver Market Reports No Comments »

Here are the DCW Douglas County West - Homes in Castle Rock, Castle Pines and Sedalia - For Sale & Sold Home Numbers for April 2008.

Inventory in this area of the Denver real estate market is up a bit - and the level of homes sold and pending sales is actually down just a little - not exactly what we want to see. As always, this pocket of the market shows repeating trends that are consistent with the average price point (currently $755,710 for homes for sale) - luxury homes are going to take longer to sell. Price and condition remaining critical components of your marketing strategy. If you are not going to get real on your price, your home will stay for sale. One look at the average price of homes sold ($457,508) and that shows the higher priced homes bringing up that average just aren’t selling right now. Does this mean that if you have a higher end home it will not sell? No, but strategy is going to be crucial and the difference between sitting on the market and becoming part of the high days on market statistics or potentially being part of the sold statistics. Make sure that you are listening to your Denver REALTOR® and that they are giving you the cold hard facts, not just what you want to hear.

Douglas County West - Residential Real Estate - Single Family Homes
Total Active 1499 
Average Asking Price Price $755,710 
New Listings 600 
Listings Back on Market 116 
Sold 133 
Average Price Actually Sold $457,508 
% of List Price 96% 
Days on Market 115 
Under Contract 185 
Expired Listings 63 

Douglas County West - Condos & Town Homes 
Total Active 130 
Average Asking Price $230,594 
New Listings 53 
Listings Back on Market 6 
Sold 20 
Average Price actually sold $211,376 
% of List Price 98% 
Days on Market 98 
Under Contract 11 
Expired Listings 5

*Statistics from MLS deemed accurate but not guaranteed. *These numbers may not include homes that are sold by owner (FSBO) and New Construction

 

AddThis Social Bookmark Button

Centennial Real Estate - Aurora Real Estate - Market Reports

May 28th, 2008 Steve Scheer Posted in Aurora, Centennial, Denver Market Reports No Comments »

Centennial Real Estate - Aurora Real Estate - Homes Sales Statistics - April 2008

Metro Denver Real Estate sales in this area have held pretty steady in April. Inventory in single family homes is a bit down, yes closed sales are up and pending home sales are as well, just a bit. Overall, this is good. As for condos and townhomes for sale - its much of the same. For sale inventory is a bit down but closed sales are up and pendings are up a bit as well.

Here are the AUS Aurora South numbers for April 2008 - Aurora South and parts of Centennial Aurora South - Residential Real Estate -

Single Family Homes

Total Active 1393 
Average Asking Price $241,945 
New Listings 661 
Listings Back on Market 211 
Sold 302 
Average Price Actually Sold $185,815 
% of List Price 99% 
Days on Market 98 
Under Contract 486 
Expired Listings 89

Aurora South Condos & Town Homes

Total Active 694 
Average Asking Price $134,853 
New Listings 293 
Listings Back on Market 94 
Sold 180 
Average Price actually sold $98,601 
% of List Price 96% 
Days on Market 118 
Under Contract 214 
Expired Listings 53

*Statistics from MLS deemed accurate but not guaranteed. *These numbers may not include homes that are sold by owner (FSBO) and New Construction

 

AddThis Social Bookmark Button