2012 Ends Strong – Up 14% from 2011 in December

A 14% year over year increase - that is huge! The data from Metrolist - Denver's MLS provider indicates what I have been saying for the past couple of months: Metrolist officials said there’s only one way to describe the real estate situation here: A seller’s market. “All over the country, home sales in the …

The Tipping Point

How do we know when our market has reached the tipping point and becomes a self sustaining driver of the local economy?  Here are a few key indicators: Foreclosure auctions down 26% New home activity soars 45% A reduced supply of distressed property and a lack of supply of existing inventory have led homebuilders to …

Case-Shiller: Denver No. 4

From John Rebchook: Case-Shiller: Denver No. 4. The statistics are coming in and confirmign what those of us in the industry are seeing all over - the market is very active.  The best part about it is that everyone in the business - re pros, tradesmen, home product vendors - are all reporting being crazy …

Home prices up

Upper-end home prices up 5% from first 4 months of 2011. Recent analysis of sales of homes in central Denver indicates that the average and median price for homes in the  $750,000 to $1,000,000 range is up roughly  5% during the first four months of 2012 vs. the same period last year.

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