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.

Real Estate Market Reports for March 2008 – PARKER, ELIZABETH, FRANKTOWN, KIOWA

Real estate in this part of the Denver metro area is a bit slower than others, but there is still activity – at 498 new listings this month (single family homes) and 211 homes under contract – you can see that there still is plenty of inventory.

Pricing your Parker, Elizabeth, Franktown and Kiowa home properly is critical. In addition, you can see that the average sold price is much lower than the average asking price. As in other areas of the Denver metro real estate market, the lower price points are seeing swifter movement. The higher priced homes are taking a bit longer in these Denver suburbs and pricing is absolutely key.

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 -March 2008 DEP -

Douglas County East/Parker – Residential Real Estate – Single Family Homes
Total Active Homes For Sale 1209 
Average Asking Price $596,387 
New Listings on the Market 498 
Listings Back on Market 105 
Sold Homes141 
Average Price Actually Sold $359,689 
% of List Price 96% 
Days on Market 105 
Under Contract 211 
Expired Listings 57 

Douglas County East/Parker – Condos & Town Homes 
Total Active For Sale 127 
Average Asking Price $176,276 
New Listings on the Market 48 
Listings Back on Market 5 
Sold Listings 19 
Average Price Actually Sold $156,640 
% of List Price 99% 
Days on Market 109 
Under Contract 27 
Expired Listings 4

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