Colorado Green Real Estate

Denver Real Estate Market Trends Snapshot Q1 2010

I taught a Denver Real Estate Market Trends class today at Jefferson County Association of Realtors. The class was sponsored by my managing broker at Your Castle Real Estate. We now have 2010 Q1 data and there are a couple of nuggets of good news worth noting.

One is that the average price for all of Denver Metro showed the first increase in the last four years. Another interesting data point is the average price has held steady above 2009 over the past 3 months and even increased above 2008 numbers for the month of March. There was also a slight decrease in inventory for properties priced above $450k.

Overall, inventory still increases dramatically from the lower price segments to the higher price segments. In sum, it is probably still too early to conclusively say we’re past the bottom, but it is definitely looking more encouraging than last quarter.

 Click Here to View Denver Energy Star Certified Homes For Sale

Contact Me Today For More Information

Or Call Me At 720-771-5594

Click Here to Search More Denver and Boulder County Homes For Sale

If you or someone you know is interested in buying or selling a home in Boulder County or anywhere in Denver Metro please call me. I can help you learn more about the area, and I can assist with all types of real estate transactions. I am also a Certified EcoBroker specializing in energy-efficient homes and environmental practices in real estate across the Front Range.

Please feel free to call me at 720-771-5594 or visit my website at E3GreenHOMES.com

Previous Post: Denver Metro HUD Homes Open For Bid by Owner Occupants Until 4 April 2010

Denver Metro Real Estate Market Trend Summary

I am now teaching Denver real estate market trends classes on a regular basis. Your Castle Real Estate, my managing broker, sponsors the classes. Your Castle produced a custom software package to analyze market data from Metrolist. The information is then formatted and presented in the trends class presentation where agents can earn 2 CE credits for attending.

In yesterday’s class, there was a lot of emphasis and discussion about the market activity by price point. For anyone working with investors or with buyers seeking to purchase homes priced under $150K, it’s no secret that properties are few and far between. In fact, anything priced below $85k is usually gone within a day or two with sellers consistently calling for highest and best. There is less than one month’s inventory in that price segment. Based on my experience and the feedback of the group prices are frequently bid up above the asking price.

At the other end of the spectrum it is a completely different story. For homes priced above $460 there is about 20 months of inventory and prices are falling. The middle range just above and below the median price range has about 4 months of inventory—closer to 3 months on the low part of the segment and closer to 5 on the higher part of the segment.

As an example of how this information can help both buyers and sellers make informed decisions, properties on the low end going quickly so buyers need to act fast. They should expect to pay list price or higher. In the middle range, both buyers and sellers can expect activity to hold steady around the market value. Again, the lower priced homes are going faster and with fewer discounts than the higher priced homes.

In the upper price segments, there is a glut of excess inventory that is driving prices down and days on market up. There are signs that prices are still falling in this segment so sellers that need to sell should consider all reasonable offers or risk selling for less tomorrow.

Trade-up buyers are in luck, especially those with home in the lower price segments. Their existing homes will likely sell fast at or near market price without too much compromise. They can then leverage that money to buy into the higher price range where there are lots of bargains to be had with plenty of room for negotiation.

Please contact me if you would like to know more about Denver Real Estate Market Trends. I am teaching classes for both industry professionals and consumers. I would be happy to send you a schedule of upcoming classes.

Contact  Me Today For More Information

Or Call Me At 720-771-5594

Search Denver and Boulder County Homes For Sale

If you or someone you know is interested in buying or selling a home in Boulder or anywhere else in Denver Metro please call me. I can help you learn more about the area, and I can assist with all types of real estate transactions. I am also a Certified EcoBroker specializing in energy-efficient homes and environmental practices in real estate across the Front Range.

Please feel free to call me at 720-771-5594 or visit my website at E3GreenHOMES.com

Previous Post: Denver Metro Real Estate Market Trends Class