Residential home sales volume and average sold prices have stayed up in the Denver Metro Area during 2010 compared to the same time during 2009, however the margin is narrowing. Home prices are tightening up and sales are not increasing at a very rapid rate. Below is a chart that shows home sales statistics through September 9, 2010.
| Residential Homes |
Jan. 1, 2009 - Sep. 9, 2009 |
Jan. 1, 2010 - Sep. 9, 2010 |
Change |
| Sales Volume |
30,707 |
35,130 |
+4,423 |
| Average Days on Market |
98 |
83 |
-15 days |
| Average Sold Price |
$264,224 |
$275,585 |
+$11,361 |
Source: Denver Metrolist. Based on information form Metrolist, Inc. for the period 1-1-2009 through 9-9-2010. NOTE: This representation is based in whole or in part on data supplied by Metrolist, Inc. Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist, Inc. may not reflect all real estate activity in the market.
Condominium average sold prices for the Denver Metro area are down, while sales volume is still ahead of where it was at this time last year. Changes to the FHA condo approval process may be responsible for some of the declines in the condo market.
| Condominiums |
Jan. 1, 2009 - Sep. 9, 2009 |
Jan. 1, 2010 - Sep. 9, 2010 |
Change |
| Sales Volume |
7,687 |
8,180 |
+493 |
| Average Days on Market |
102 |
93 |
-9 days |
| Average Sold Price |
$171,869 |
$171,197 |
-$672 |
Source: Denver Metrolist. Based on information form Metrolist, Inc. for the period 1-1-2009 through 9-9-2010. NOTE: This representation is based in whole or in part on data supplied by Metrolist, Inc. Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist, Inc. may not reflect all real estate activity in the market.
Below is a breakdown of transations/agent during 2010 as of 9/9/2010 in the Metro Denver area, according to the Denver Metrolist.
Total Sales
|
Total Transactions
|
# of Colorado Real Estate Agents
|
Avg. # of Transactions/Agent
|
| 43,310 |
86,620 |
15,000+ |
Approximately 5.77
|
Source: Denver Metrolist. Based on information form Metrolist, Inc. for the period 1-1-2009 through 9-9-2010. NOTE: This representation is based in whole or in part on data supplied by Metrolist, Inc. Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist, Inc. may not reflect all real estate activity in the market.
S&P/Case-shiller Home Price Index - Denver, CO
UP 3.6% from May 2009 - May 2010
Source: S&P/Case-Shiller Home Price Indices. More information can be found at: www.standardpoors.com
Colorado Unemployment Rate
DOWN 3.5%
Source: Colorado Department of Labor and Employment. More information can be found at: http://lmigateway.coworkforce.com/
Top 3 Performing Colorado Zip Codes - (based on statistics 1/1/2010-7/31/2010)
#1 - 80013
747 units sold
Avg. Sold Price = $176,638
Avg. DOM = 59..7
#2 - 80015
#3 - 80134
Source: Denver Metrolist. Based on information form Metrolist, Inc. for the period 1-1-2009 through 7-31-2010. NOTE: This representation is based in whole or in part on data supplied by Metrolist, Inc. Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist, Inc. may not reflect all real estate activity in the market.