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Market Trends
Commentary Provided byTop Agent If you can qualify, now is an exceptional time to buy a home in Golden. Low rates with stable home prices and tax stimulus credits make a home purchase a great value! Call now for more information at 720-291-0648. |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Denver | ||
| Buyers’ or Sellers’ Market | Equal buyers and sellers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Decreasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $400,000 - View Graph Trend | ||
| Best Selling Price Range | $350,000 - $399,000 | ||
| Worst Selling Price Range | $1,000,000+ | ||
| Compared to Last Year | Up 0-5% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | No | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Golden is | Increasing | ||
| Seller Activity for the past 90 days in Golden is | Increasing | ||
| Is Financing Available For Qualified Buyers in Golden? | 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? | 5-10% | ||
| Housing Hot Spots | Golden | ||
| Reason to Buy/Sell | New Industries | ||
| Average Sold Price | $400,000 - 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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Golden Local News
News for Golden, CO - Thursday June 25th, 2009 11:25am
Best Cities To Buy A Home, an article from Forbes.com, reports that Denver was ranked the #1 metro showing long-term promise for homebuyers. Home sales in Denver are fairly evenly distributed showing proportionate activity. "Denver scores very well in terms of being able to bring people into a stable housing market," says Christopher Cornell, an economist at Moody's Economy.com. "It has better growth potential than most cities today." Denver's stability is attributed to its main industries - energy and technology - that Cornell believes aren't likely to decline simultaneously.
http://www.forbes.com/2009/06/22/cities-deals-home-lifestyle-real-estate-home-buying.html
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