Life Style Denver by Gretchen Faber

Denver Colorado Real Estate | February 2011 Market Statistics

Prices are down.  The February market statistics are plain. Last year, when prices were down it was because lower end homes were selling. The "mix" of homes was skewing to starter homes, reflecting a "reduction" in prices. The past few months, we've actually seen a firming up of the high end in Denver (although there is still about 5 years' of inventory in Cherry Hills Village.)  With luxury homes rebounding, the reduction in prices can only mean one thing. Prices have come...Continue Reading!

Denver Colorado Real Estate | December 2010 Market Statistics

The end of 2010 has passed us by, and we're well on our way into 2011!  This week, we'll get to see 1.11.11, and there are other cool binary days on hand this year. The wrap-up for 2010 doesn't pose too many surprises.  The inventory went down last month, a normal seasonal adjustment.  The average sales price was down too.  Showings have trended more to the $200,000-$400,000 homes in the past couple of months in our office.  A shift away from...Continue Reading!

Denver Colorado Real Estate | November 2010 Market Statistics

Off the grid. I haven't stopped by here since Thanksgiving.  Real estate in Denver has been sailing along these last couple of months in 2010.  It's been a busier than usual fourth quarter.  The November market statistics for Denver real estate have been out for a few weeks, my take on it has been delayed by a busy December and the holidays. So before we hit 2011, let's talk about November 2010. City-wide, sales dropped off from last year by nearly 26%.  That's...Continue Reading!

Denver Colorado Real Estate | October 2010 Market Statistics

Geesh!  Another month has gone by. October was an interesting month in Denver's real estate market and in Denver.  We continued our glorious Indian summer and home sales seemed to pick up in my office, The Kentwood Company at Cherry Creek. When the monthly statistics were released today by our MLS, I was a little surprised by some of the numbers.  I was particularly interested to see that prices have risen some since last year and last month.  There has definitely been...Continue Reading!

Denver Colorado Real Estate | August 2010 Market Statistics

We've all been eagerly awaiting the August market statistics.  The numbers that reveal what's happened in Denver real estate with the tax incentive pretty much stripped away. While there are a few closings under the tax credits through the end of this month, most buyers have closed.  The under contract numbers reflect buyers who are purchasing now and didn't receive the credit. So where are we? For single family and condos combined our inventory is up 1.3% over July and up 14% over...Continue Reading!

Denver Colorado Real Estate | December 2009 Market Statistics

December. The end of the year. The end of the line? Not really.  December was another interesting month in Denver Real Estate.  Inventory was naturally down, as it typically is this time of year.  We're down to 16,456 active listings. That's the lowest number of homes on the market since before 2006 when the available MLS records stop.  Meaning buyers have less to choose from than in the past 5 years. The highest number of listings was in July of 2006 with...Continue Reading!

Denver Colorado Real Estate | October 2009 Market Statistics

I'm a little late this month with the real estate market statistics for Denver.  It's been a busy month!  Good news for buyers, sellers and real estate brokers. Denver sales continue to show bifurcated results - low to mid range homes selling like crazy, higher end homes still languishing a bit. Inventory numbers are down from September - over 18% down.  Days on market is down too, indicating increased sales rates.   Inventory naturally adjusts this time of year, but sales paces have...Continue Reading!

Denver Colorado Real Estate | August 2009 Market Statistics

When looking at trends in anything, you want to take in the big picture, and then boil it down as necessary. Real Estate in Denver is certainly showing a definite trend in the amount of inventory available. Month after month this year, we've experienced a depletion in homes for sale.  In August, we're at a low we haven't seen since at least 2004, (my reporting doesn't go back any further than 1/05.) There are only 3 months in these past 5...Continue Reading!

July 2009 Denver Real Estate Market Statistics

Prices are still coming down. A curiosity to me because I'm sitting here preparing an offer for clients and they are in a competitive bidding situation.  We decided to offer slightly over list price, and we're not sure they'll get the house even with that.  They need to ask for down payment assistance from the seller, which puts them at a disadvantage. Their lender told them that it's usual and customary for sellers to make a concession for closing costs in...Continue Reading!

June 2009 Denver Real Estate Market Statistics

In a real estate market the size of Denver's, you might be surprised to learn that we only added 119 new listings to our inventory since last month's real estate statistics were released.  We added 121 new single family listings and we sold 2 more condominium listings than were added. Our average days on the market has been reduced by 5 and our average sale price rose by $15,412. The single family residence average price rose $21,246, but the condominium average...Continue Reading!