Life Style Denver by Gretchen Faber

Denver Colorado Real Estate Statistics | February 2012

We did it again,  Inventory is down for the 8th straight month.  As of the end of February, we have just 8,082 single family homes available for buyers to view. On Friday last week, our office set 101 showings in one day.  We had to take a fire extinguisher to the phones at the end of the day.  The most showings I can remember the receptionist setting up on a busy Friday during the heyday was about 72, and that was...Continue Reading!

Denver Colorado Real Estate Statistics | January 2012

Have you heard of a "Seller's Market?" That term hasn't been uttered since just after the turn of the Millennium.  But it's back.  Let's take a look under the magnifying glass. Denver's inventory of available properties is breathtakingly low. So low that it's less than half what it was just 6 or 7 years ago.  In certain neighborhoods and price points, buyers who aren't aggressive are losing out to higher bidders, cash buyers and those ready to make a quick decision. In other...Continue Reading!

Denver Colorado Real Estate Statistics | December 2011

The end of 2011 came with few surprises for those of us in real estate, and one big one. The inventory of homes for sale in Metro Denver is nearly 40% below this time last year.  It's so low, that I can remember a time when it was almost triple what it is now. What this will most likely do is accelerate the pace of home sales. With less on the market, it should take less time to sell your house. Eventually, the...Continue Reading!

Denver Colorado Real Estate Statistics | November 2011

Imagine you want to move from your city, small town, or suburb to a new location. This new city isn't as large as NYC or LA, but it's big enough to offer you the company of over 2 million residents metro-wide, all the major professional sports, plenty of arts and culture and great restaurants for foodies. Added to that, a fun outdoorsy lifestyle. Now imagine that you begin your home search in this city, only to learn that there are a little...Continue Reading!

Denver Real Estate Statistics | October 2011

Sellers - this is not the winter you want to take your house off the market for the holidays. The Denver metro area inventory is the lowest it's been this entire millennium. Buyers are searching for homes and sellers are holding back. This level of inventory is about half what it was in the busy times. If you're getting your house ready to sell, get it ready now.  And get it on the market.  The weekly sales rate of 5.62 percent in...Continue Reading!

Denver Real Estate Statistics | September 2011

Real estate in Denver has picked up steam during September and October.  The summer was hot and dry, the fall has been brisk.  Under contracts are up over last year. Inventory is still extremely low, and buyers are finding it difficult to get into the house of their dreams without making some concessions.  But sellers with any sort of perceived flaw in their home are nonetheless finding themselves waiting for an elusive offer.  The perceived flaws that hold today's buyers back...Continue Reading!

Denver Colorado Real Estate Statistics | August 2011

Predictions are difficult, and the only certain thing in real estate is that it's always interesting. Some homes come on the market and get offers within days.  Others are seemingly well-priced and well-presented and still languish for months.  The average number of days on the market is up slightly from last year, but not dramatically so. Prices are down for single family and up for condos, and that's not a surprise if you've listened to any economic news recently.  Anything that could...Continue Reading!

Denver Colorado Real Estate Statistics | May 2011

We're finally comparing Denver real estate sales this year with the time after the tax credit ended last year (for under contract properties.) The number of homes under contract jumped 23% from May of 2010.  This is the first month in 2011 where we're not comparing under contract data to the tax credit time of 2010. The average sale price for both single family and condo are up over 3%, reflecting stability in the market.  While the recent Case Shiller numbers for...Continue Reading!

Denver Colorado Real Estate Statistics | April 2011

Denver real estate is always interesting.  With April statistics out a little later in the month than usual, and a recent business trip, the April report is finally here! And... what do we see? Inventory is unusually low for the Spring.  This could impact prices in future months, if Buyer demand improves and inventory stays low, prices will improve. Prices are flat and down from last year.  Not a surprise since we're still recovering and last year's tax credit generated high demand. Under contract...Continue Reading!

Denver Colorado Real Estate Statistics | March 2011

Real Estate is like a box of chocolates.  Sometimes you get nuts. The nuts have been our foreclosures, our short sales, our underwriting issues and our tough appraisals. Real Estate is like a roller coaster.  Sometimes you go up, and then you fall fast.  It takes longer to go up than come down. Interestingly, last year's tax credit made our first half of the year incredibly busy. Then third quarter we fell off a cliff.  It was so quiet!  We all went to...Continue Reading!