Colorado Green Real Estate

Denver Colorado 3rd Quarter Neighborhood Price Change Map

Your Castle Real Estate is well known in the Denver area as the leader in local real estate market data analysis. Your Castle has developed proprietary software tools for extracting vital market statistics from current and historical MLS data. Your Castle agents are frequently interviewed on local news programs and quoted in media publications. The firm has developed a reputation as a trusted source of local market information used in a variety of articles and reports.

The map below shows the price changes in the northern portion of Denver Metro. Prices over the most recent 12 months (10/08 to 9/09) are compared to the 12 months prior. The map was constructed by segmenting the Denver Metro area into 400 small neighborhoods and then tracking statistical trends within each neighborhood.

Price changes are divided into 5 segments with each segment containing approximately 20% of the total price change. The darker red zones represent the 20% that declined the most in value during the term. The legend is hard to see but for this particular map the dark red corresponds to a decrease in value of -11% or more. The orange is -6% to -11%, Yellow is -3% to -6%, light green is -3% to +1% and the dark green is +1% or better.

Within each neighborhood segment there is a set of data. The first line contains the area name followed by the percentage of sales in the last year were either shorts ales or foreclosures. As one would expect, the higher percentage of distress sales correlates with a decrease in appreciation. Most foreclosure activity occurred with properties priced at $250k or under.

The second line shows the average price of properties sold during the term followed by the percent change from the prior 12 months. The last number is Days on Market for the area.

Your Castle produces price change maps for the entire Denver Metro area on a quarterly basis. Your Castle agents like myself can then use the maps to help clients understand market trends for areas of interest and to help guide pricing decisions for both home buying and selling. This data has enormous value to consumers and can help them to understand why one region holds value better compared to another when other factors like proximity to schools and light-rail transportation are considered.

The map above is just one sample of the many charts, graphs and plots used by Your Castle to assist clients. Classes on market trends are periodically taught free of charge for the public.

If you or someone you know would like to purchase or sell a home in Denver Metro or surrounding areas, I can help. As a Your Castle agent I have access to a wealth of resources including comprehensive market trends information to help assist you with your real estate related buying or selling decisions.

While I specialize in 'green' homes throughout the Denver Metro area, I can assist with all types of real estate buying and selling transactions.

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