University, University Park and University Hills Real Estate Market Report - Denver, Douglas, Arapahoe, Colorado
University, University Park and University Hills, Colorado - Denver, Douglas, Arapahoe
| Market Commentary Provided by Marianne Bandy If you can qualify, now is an exceptional time to buy a home in University, University Park and University Hills. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 303-746-7799 |
| 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 of homes in all price ranges except for entry level, under 250,000. Homes in this price range are in short supply due to first time buyers and investors. | ||||
| Average Home Price | $375,000 - 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 | First Time Buyers | ||||
| Buyer Activity for the past 90 days in University, University Park and University Hills is | Increasing | ||||
| Seller Activity for the past 90 days in University, University Park and University Hills is | Increasing | ||||
| Is Financing Available For Qualified Buyers in University, University Park and University Hills? | 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? | 30-35% | ||||
| Housing Hot Spots | Central Denver, Washington Park, Observatory Park, | ||||
| Reason to Buy/Sell | Good economic news | ||||
| Average Sold Price | $375,000 - 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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