Category Archives: Denver Real Estate Trends

Denver Market Update May 2014

Homes for sale, average sale price for Denver homes and condos, average days on the market, absorption rate and total number of combined sales.

Denver Sales Statistics

May 2014

Metro Denver Prices:

Single Family Average Price: May 2014 – $371,611
(Detached Dwelling) Apr 2014 – $361,098
Ma7 2013 – $334,927
Condo Average Price May 2014 – $230,157
Apr 2014 – $225,305
May. 2013 – $202,543
Combined Average Price May 2014 – $333,478
Apr 2014 – $327,618
Ma7 2013 – $308,537
Percent of Sales Price Change: (from May 2013 to May. 2014)

Single Family +10.67%
Condo +15.88%
Average +8.08%
Total Combined Number of Homes for Sale May 2014 – 5,370
Apr. 2014 – 7,854
May 2013 – 8,214
Percent of Change in Available Inventory:
(May. 2013 vs May 2014)
+10.15%
Number of Combined Homes Sold this Month May 2014 – 5,370
vs. the previous month Apr. 2014 – 4,729
vs. the same month last year: May 2013 – 5,884
Average days on Market – May. 2014 vs May 2013 May 2014 – 31.86
(combined sales) Apr. 2014 – 41.20
May 2013 – 48.40
Absorption Rate: May 2014 – 6.75 weeks
(number of weeks necessary to sell current Apr. 2014 – 7.50 weeks
combined inventory at current rate of sales) May 2013 – 6.28 weeks

Prepared byLarry D. McGee, CRS, CRB The Berkshire Group
From data provided by Metro List, Inc., does not include private or builder sales.

City and County of Denver Real Estate Report ~ May 2014

The City and County of Denver Zip Code map includes both Downtown Denver homes, condos and townhomes for sale. In addition the City Close neighborhoods of Washington Park, Park Hill, Country Club, Hilltop, Southmoor Park, Congress Park, Cherry Creek, Berkeley, Highlands and many more.   City and County of Denver Real Estate Report May 2014

May real estate sales statistics for the Metro Denver region indicate we are still in a very strong seller’s market.  Note from the Band Charts provided here the Average Days on Market for a home to sell is 24 in the City and County of Denver.

For convenience I am sharing all 5 Metro Areas so searching for your neighborhood by Zip Code is easy.

NW Suburban Denver

SW Suburban Denver

NE Suburban Denver

SE Suburban Denver

 

Contact me for information about Metro Denver Real Estate Request an Up-to-Date Market Report for your Metro Denver Neighborhood.

Based on information from Metrolist, Inc. for the period of May 2014. NOTE: this representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist may not reflect all real estate activity in the market content.

NW Suburban Denver Real Estate Report ~ May 2014

Northwest Suburban Metro Denver Real Estate Market Report ~ January 2014

 

Call Kristal Kraft, Denver Realtor 303-589-2022

Northeast Metro Denver Region Zip Code Market Report

Neighborhoods in this area include (but are not limited to):

Broomfield

Lafayette

Louisville

Arvada

Golden

Westminster

North West Denver Metro Real Estate Report May 2014

 

Real estate sales in the Northwest Suburban area of Metro Denver continue into the second quarter of the year at a brisk pace. The only “yellow” area that indicates a “balanced market” is in zip code 80422, which is Gilpin County, the Black Hawk area.  There they had 5 sales out of 30 active listings on the market.  Buyers who are getting discouraged looking for homes in close in the Metro Denver area might find success up in Black Hawk!

The majority of this area continues to have less than 12 weeks of inventory.  Overall Denver has less than 8 weeks inventory.  Sellers you rule now, so now is the time to list and sell your home!

Follow the links on each city to discover more about the neighborhoods and to search for homes on my complimentary MLS-IDX.

Questions about your neighborhood? Need more specific data on your home for either purchase or to sell? Feel free to call for more in depth reporting. Kristal Kraft 303-589-2022 I welcome your call.

Contact me for information about Metro Denver Real Estate Request an Up-to-Date Market Report for your Metro Denver Neighborhood.

Based on information from Metrolist, Inc. for the period of May 2014. NOTE: this representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist may not reflect all real estate activity in the market content.

NE Suburban Denver Real Estate Report ~ May 2014

Buying or selling a home? Call Kristal Kraft, Denver Realtor 303-589-2022

Neighborhoods in this Northeast Suburban Area of the Denver Region include, (but are not limited to):

Brighton

Commerce City

Henderson

Northeast Aurora

NE Metro Denver Real Estate Report May 2014

Northeast Suburban Denver continues to offer the lowest average home price of all the Metro areas.  Here one can find a new or newer home in the mid-$200’s.  Still inventory is diminishing with some of the lowest average “weeks of inventory” in the area.

Weeks of Inventory is just a gauge of how long it would take to sell the existing number of homes based on the numbers of homes for sale at the current time.  It does not take into account new homes that come on the market.  As a gauge of the market we can tell how competitive it is for sellers and how long it will take for them to receive and offer on their home.  Right now Sellers have the upper hand.  It is a strong sellers  market.

Questions about your neighborhood? Need more specific data on your home for either purchase or to sell? Feel free to call for more in depth reporting. Kristal Kraft 303-589-2022 I welcome your call.

Contact me for information about Metro Denver Real EstateRequest an Up-to-Date Market Report for your Metro Denver Neighborhood.

Based on information from Metrolist, Inc. for the period of May 2014. NOTE: this representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist may not reflect all real estate activity in the market content.

SE Metro Denver Real Estate Report ~ May 2014

Looking to buy or sell a  home call Kristal at 303-589-2022

SE Metro Denver Region Real Estate Report by Zip Code

Neighborhoods in the area include (but are not limited to):

Englewood

Littleton

Greenwood Village or Denver Tech Center (DTC)

Cherry Hills Village

Southeast Aurora

Parker

Highlands Ranch

Sedalia

Castle Rock

SESuburbanDenverRealEstate-May2014

SE Metro Denver stats are green with the exception of one area, Sedalia!  This area is considered a little remote from the metro area and homes just aren’t selling as fast!  With an average price at $426,900 this area has mostly custom homes.  Buyers in this price range have many options and those include building to their custom needs.  High end buyers might find the best deals in the Metro area in Sedalia, so be sure to take a look!

Average days on market for the SE Metro area is just at 33 days.  This means most homes are selling within a day or two taking the rest of the month for the buyer’s loans to be approved!  Sweet news for home sellers who can enjoy knowing their home is sold without having to be showing it for weeks on end.

Questions about your neighborhood? Need more specific data on your home for either purchase or to sell? Feel free to call for more in depth reporting. Kristal Kraft 303-589-2022 I welcome your call.

Request an Up-to-Date Market Report for your Metro Denver Neighborhood.

Based on information from Metrolist, Inc. for the period of May 2014. NOTE: this representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist may not reflect all real estate activity in the market content.