Denver University, Platt Park and Wellshire Real Estate Market Report - Denver, Douglas, Arapahoe, Colorado
Denver University, Platt Park and Wellshire, Colorado - Denver, Douglas, Arapahoe
| Market Commentary Provided by Marianne Bandy Homes and real estate in the University of Denver area are a great value now. |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL 
Marianne Bandy
RE/MAX Professionals Englewood, Colorado 303-746-7799 info-hh@bandyhomes.com Agent Home Page  |
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| Nearest Metro Area | Denver | ||||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||||
| Average Time on Market | 90-120 days | ||||
| Market Trend | Decreasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Inventory Comments | We have good supply in all price ranges, except for the entry level market under $250,000. Inventory is tight in this market due to investors and first time buyers. | ||||
| Average Home Price | $425,000 - View Graph Trend | ||||
| Best Selling Price Range | $250,000 - $299,000 | ||||
| Worst Selling Price Range | $1,000,000+ | ||||
| Compared to Last Year | Down 10-15% | ||||
| Prices As % of Asking Price | 95-100% | ||||
| Multiple Offers? | Yes | ||||
| Greatest Activity | Repeat Buyers | ||||
| Buyer Activity for the past 90 days in Denver University, Platt Park and Wellshire is | Increasing | ||||
| Seller Activity for the past 90 days in Denver University, Platt Park and Wellshire is | Increasing | ||||
| Is Financing Available For Qualified Buyers in Denver University, Platt Park and Wellshire? | Yes | ||||
| Existing Home Prices for the past 90 days are | No Change | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 25-30% | ||||
| Housing Hot Spots | Washington Park, University Park, University Hills, Observatory Park | ||||
| Reason to Buy/Sell | Good economic news | ||||
| Average Sold Price | $425,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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