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 …

Consistently consistent – Denver Housing Market Rebound

1. Consistent growth in number of homes sold. 2. Consistent increase in Average Sold Price.   3. Consistent low inventory. One or two months of this type of activity is nice, but 4 or 5 months - to me that illustrates a true trend. For the past few months I have been writing about 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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