Northwest Denver Real Estate Market Conditions & Reports, Northwest Denver Market Trends, Colorado

Market Commentary Provided by Lisa Tapia
Northwest Denver is the strongest market in all of Colorado, average days on market are 45 days with 97% of asking price or better.

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Lisa Tapia
RE/MAX CITY HORIZONS
Denver, Colorado
720-240-3198
ReadyProperties@gmail.com
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Nearest Metro Area

Denver

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

10-30 days

Market Trend

Decreasing

Housing Inventory

Limited Supply

Average Home Price

$200,000 - View Graph Trend

Best Selling Price Range

$200,000 - $249,000

Worst Selling Price Range

$600,000 - $649,000

Compared to Last Year

Up 5-10%

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Multiple Offers Commentary

with the decrease in supply multiple offers are being made on a single property within one week of list date

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Northwest Denver is

Increasing

Seller Activity for the past 90 days in Northwest Denver is

Decreasing

Is Financing Available For Qualified Buyers in Northwest Denver?

Yes

Existing Home Prices for the past 90 days are

Decreasing

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

15-20%

Housing Hot Spots

The Denver-area housing market from May to June, showed the most appreciation of 20 metropolitan areas tracked by the closely watched S&P/Case-Shiller Home Price Indices.The Denver area showed a 1.5 percent gain in that period. Boston, with a 1.2 percent increase, was the only other metropolitan area to show an increase

Reason to Buy/Sell

Lower prices with good selection and competitive interest rates creates a perfect time to buy in Northwest Denver! Also Northwest Denver is still experiencing an appreciating market!!!

Average Sold Price

$200,000 - 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.

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