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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Denver - Park Hill. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 303-946-0706
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| Average Home Price | $250,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 5-10% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $300,000 - $349,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Denver - Park Hill is | Increasing |
| Seller Activity for the past 90 days in Denver - Park Hill is? | Increasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Multiple offers only on the best priced inventory |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Good inventory for buyers to pick from. Buyers can negotiate terms and price reductions. Great, stable neighborhood. Great interest rates |
| Nearest Metro Area | Denver |
| Housing Hot Spots | With the development of the Stapleton area, improvements to City Park, proximaty to Downtown, DIA and I70/I25, Park Hill is the place to be! |
| Average Sold Price | $250,000 - View Graph Trend |
Denver - Park Hill Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Mortgage Rates
– Feb 10th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
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