Real Estate Sales Statistics
The Denver Metro Real Estate Sales Statistics:
July 2005
| Single Family Average Price: (Detached Dwelling) | July 2005 | $318,527 | |
| June 2005 | $310,798 | ||
| July 2004 | $297,088 | ||
| Condo Average Price: (Attached Dwelling) | July 2005 | $184,288 | |
| June2005 | $193,588 | ||
| July 2004 | $178,044 | ||
| Combined Average Price: | July 2005 | $291,498 | |
| June 2005 | $284,874 | ||
| June 2004 | $271,919 | ||
| Percent of Sales Price Change: from July 2004 to July 2005 | Single Family: | +7.22% | |
| Condo: | +3.51% | ||
| Combined | +7.20% | ||
| Total Combined Number of Homes for Sale: | July 2005 | 26,411 | |
| June 2005 | 25,817 | ||
| July 2004 | 28,026 | ||
| Percent of Change in Available Inventory: (July 2004 vs. July 2005) | -5.76% | ||
| Number of Combined Homes Sold this month | July 2005 | 6,203 | |
| vs. previous month | June 2005 | 5,091 | |
| vs. same month last year | July 2004 | 6,229 | |
| Average days on Market: (Combined Sales) | July 2005 | 81.84 | |
| June 2005 | 83.19 | ||
| July 2004A | 75.55 | ||
| Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) | July 2005 | 18.45 weeks | |
| June 2005 | 21.97 weeks | ||
| July 2004 | 19.50 weeks | ||
| Median Sold Price:Single Family | July 2005 | $252,250 | |
| June 2005 | $251,500 | ||
| July 2004 | $244,800 | ||
| Condo | July 2005 | $164,000 | |
| June 2005 | $163,307 | ||
| July 2004 | $157,367 |
Dragon Boat Races
In a celebration of Asian Culture the Dragon Boats raced all weekend on Sloans Lake.
Denver…A place to do business
Denver is the second most competitive place to do business, ranking behind Seattle and ahead of Portland, Ore., in a new study of 19 metro areas across the U.S. The report examined three factors: the economy, the environment and equity – or how well wealth and social services are spread out.
Denver rose to No. 2 from No. 4, scoring highly for its business climate and ability to attract venture capital funding for start-up companies. The study suggested that cities need to think about how the three distinct “quality-of-life” indicators, the economy, the environment and equity, are linked. The latter category includes income distribution and housing affordability. (Source: Rocky Mountain News 07/13/05)
Downtown Denver Partnership
Fifty years ago, 80 local business leaders gathered at the Brown Palace Hotel to form a group that would keep downtown
alive and growing. Now known as the Downtown Denver partnership, they are working to grow the number of downtown residents and workers, reduce homelessness and increase and diversify downtown shopping options. The partnership now represents 110,000 downtown employees, including 22 of its own, has 550 business members and will announce a new annual budget of $6.8 million. Created in 1986 – when downtown office-vacancy rates were soaring – the plan has guided development ever since. In the immediate future, the partnership plans to open a
Downtown
Denver
Home
Center
to attract new residents, finish a study of retail demand and explore the possibility of installing wireless Internet access throughout the
Mall. The partnership is throwing its weight behind Referendums C and D, which will ask voters in November to reform the Taxpayer’s Bill of Rights. ( Source: The
Denver Post – 07/13/05)
Best Places to Live - Denver Colorado
In a Best Places to Live 2005 survey, Castle Rock, Colorado ranked number 5 and Louisville and Parker, Colorado ranked number 1 and 2 respectively in fastest jobs growth.
(Source: OnBoard and Money Magazine, July, 2005)
Lockheed-Boeing to bring 1000 jobs to the Denver metro area
Boeing folks in California may be coming to Colorado in the near future. A joint effort with Lockheed and Boeing will be a boon to the area, bringing in 1000 good paying jobs.
Located at the current Lockheed facilities in Waterton Canyon, the lucky relocatees will be able to enjoy the amenities of S. Metro Ken Caryl’s Roxborough and Berkshire neighborhoods.
Denver to Denver in your future? Call The Relocation Group for the low-down on the neighborhoods that might work for you…303-691-1356
Sustainable Competitiveness Index
Ranks from 1 to 19
- Seattle-Tecoma-Bellevue
- Aurora-Denver
- Portland-Beaverton,Ore,-Vancouver, Wash.
- Raleigh-Cary,N.C.
- Austin-Round Rock, Texas
- San Jose-Sunnyvale-Santa Clara, Calif.
- Minneapolis-St.Paul-Bloomington, Minn.
- Boston-Cambridge-Quincy
- San Diego-Carlsbad-San Marcos
- Salt Lake City
- San Francisco-Oakland-Fremont
- Dallas-Fort Worth-Arlington
- Atlanta-Sandy Springs-Marietta
- Miami-Fort Lauderdale-Miami Beach
- Phoenix-Mesa-Scottsdale
- Sacramento-Arden-Arcade-Roseville, Calif.
- Tampa-St. Petersburg-Clearwater, Fla.,
- Orange County, Calif.
- Washington, D.C.-Arlington-Alexandria, VA
Source: San Diego Regional Economic Development Corp.
Denver; a great place for business!
In a study of 19 metro areas across the U.S., Denver ranks #2 as the most competitive place to do business. The report takes into account three factors: the economy, the environment and equity (how well the wealth and social services are spread out).
Denver follows Seattle and is ahead of Portland (guess weather is not a factor!) in the "sustainable competitiveness" study.
The objective of the study is to determine the areas where a city needs to improve. Suggesting that cities can no longer focus on one area of improvement. There are three distinct "quality of life" indicators, are linked, with each effecting the other.
Denver improved it’s ranking from #4 last year. Denver scores highly for it’s business climate and ability to attract venture capital funding for start-up companies. The area needing work is commute time for workers, air quality and early childhood education.
New Parking Option at DIA
Parking at any International Airport can be a challenge, but now Denver’s DIA is offering personal garages to those who perfer extra special treatment for their vehicles. For prices beginning at $15,000 private garage parking within 3 minutes of the terminal will be available.
This unique project has experienced success at smaller scale airports around the country. DIA will be the first large airport to offer the services.
Who will use it? The second home niche market is the most likely buyer. People who own vacation homes in the mountains often times like to have their cars available, so now they can safely leave it in a convenient location.
Frequent travelers who spend a lot of time in the air will find the $15,000 price tag a bargain at today’s parking prices.
This site brought to you by Kristal Kraft, a licensed Colorado Real Estate Broker