Northwest Denver Real Estate Market - View Northwest Denver Real Estate Market Trends in Colorado

Spring 2012 Market Update Northwest Denver is the strongest market in all of Colorado, average days on market are 60-90 days with 85% to 90% of asking price or better. North Denver, West Highlands, Potter Highlands, LoHi, Sunnyside, Berkeley, Regis, East Berkeley, Potter Highlands, Sloans Lake are still a very sought after neighborhoods because of it’s close proximity to Downtown Denver and access to the mountains.
Average Home Price	$300,000 - View Graph Trend

Average Price Compared to Last Year	Down 5-10%

Average Time on Market	90-120 days

Best Selling Price Range	$300,000 - $349,000

Worst Selling Price Range	$600,000 - $649,000

Prices As % of Asking Price	80-85%

Existing Home Prices for the past 90 days are?	Decreasing

Market Trend	Increasing

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in Northwest Denver is	Decreasing

Seller Activity for the past 90 days in Northwest Denver is?	Decreasing

Multiple Offers?	Yes

Multiple Offers Commentary	Seller’s are only getting multiple offers if they are priced accordingly or priced under market value. Otherwise homes are sitting on the market considerably longer. Again living in North West Denver includes LoHi, East Highlands, West Highlands, Potter Highlands, Berkeley, Sunnyside, Harkness Heights, Grandview, and Jefferson Park. These are the most poplular areas of Northwest Denver and they do come at a premium because of it’s close proximity to Downtown Denver

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	5-10%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Josh Groner lives and works the neighborhood offering buyers great rates and extensive knowledge in the area of Mortgage loans, credit rebuilding etc........ He has a strong knowledge of Northwest Denver and all the neighborhoods within this quadrant such as West Highlands, East Highlands,Berkeley, Sunnyside, LoHi, Sloan Lake, Potter Highlands. Give him a call today 720-296-1740

Housing Inventory	Limited Supply

Inventory Comments	House inventory in West Highlands, East Highlands, LoHi, East Highlands, Potter Highlands,Berkeley, Sunnyside, Sloan Lake, Harkenss Heights, Grandview and Jefferson Park housing inventory is at a limited supply. There is a very strong community vibe here. People love the vintage and urban style home in the area, they are not just buying a home in Northwest Denver but buying a lifestyle, a neighborhood and community.

Greatest Activity	Repeat Buyers

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 a relatively stable market.

Nearest Metro Area	Denver-Northwest-Highlands-Berkeley-LoHi-Sunnyside-Harkness Heights-Sloan Lake

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 Indexes.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. The

Average Sold Price	$300,000 - View Graph Trend

Northwest Denver Local News

News for Northwest Denver, CO - October 27th, 2010 5:09pm
Companies ARE making money, and people ARE buying houses, as housing starts came in UP
for the 3rd consecutive month. Northwest Denver is still a very stable market especially in West Highlands, Berkeley, Sloans Lake, Sunnyside, and LoHi.

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Lisa Tapia

720-240-3198

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October 2010 (1)

Mortgage Rates

– May 28th, 2012 –
---------------------------------

30 yr. fixed rate: 3.82%
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%

Home Values

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Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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Northwest Denver Real Estate Market Trends – Colorado

Northwest Denver Real Estate Market Conditions and Trends