Homes for Sale > Real Estate Market > Colorado Real Estate Market > University, University Park and University Hills Real Estate Market

Winter 2012 Market Update
Now is an exceptional time to buy a home in University, University Park and University Hills. Low rates with recovering home prices make a home purchase a great value! Call now for more information at 303-746-7799.

Average Home Price $300,000 - View Graph Trend
Average Price Compared to Last Year Up 0-5%
Average Time on Market 90-120 days
Best Selling Price Range$250,000 - $299,000
Worst Selling Price Range$900,000 - $949,000
Prices As % of Asking Price 95-100%
Existing Home Prices for the past 90 days are?No Change
Market Trend No Change
Buyers’ or Sellers’ Market More buyers than sellers
Buyer Activity for the past 90 days in University, University Park and University Hills isDecreasing
Seller Activity for the past 90 days in University, University Park and University Hills is?Decreasing
Multiple Offers?Yes
Multiple Offers CommentaryMultiple offers are mainly being seen on homes under $275,000.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?30-35%
Is Financing Available For Qualified Buyers?Yes
Comments on Financing For Qualified BuyersQualified is the keyword here. Lending rules for qualification keep changing. It is harder to get qualified than it was two years ago, although credit is beginning to loosen up. Jumbo loans are available now.
Housing Inventory Limited Supply
Inventory CommentsWe have good supply of homes in all price ranges except for under $250,000. Homes in this price range are in short supply due to the recent rush from the tax credit.
Greatest Activity Repeat Buyers
Reason to Buy/Sell Good economic news
Nearest Metro AreaDenver
Housing Hot SpotsNeighborhood hotspots nearby are Central Denver, Washington Park, Observatory Park.
Average Sold Price $300,000 - View Graph Trend
University, University Park and University Hills 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.

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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.61%
  15 yr. jumbo rate:  3.97%

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