Denver Real Estate Market Report
The Berkshire Group REALTORS® present the latest real estate market statistics for the month of October, 2011. These easy to read band charts will give you a real estate market update for the various quadrants of the Metro Denver market. If you are thinking of buying or selling a home, please call us for a more in-depth market report for your neighborhood.
Knowledge is power, knowing what the market is doing is the first step.
The easily read band graphs provide the following information:
- Number of Sold Properties in each MLS region
- Number of Active Listings
- Number of weeks of inventory
- Average Sold Price
- Average Days on Market (DOM)
Inventory at a Low Level
Low Inventory, Season Not the Reason!
Northeast Region ~ Metro Denver Real Estate trends
Northeast Suburban took all the records in the Denver Metro area last month. This area has the most affordable housing (average $161,115), with the least days on market (DOM 89) sold the highest percent of the listings at 26%.
Buyers have obviously found the prices and the area to be very attractive and they are buying homes in Northeast Suburban of Metro Denver!
Southeast Region ~ Metro Denver Real Estate Trends
The Southeast area continues to lead the Denver Metro region in Average Sale Price ($306,161). The DOM – Days on Market is 97, the area sold 21% of the listings last month. Good schools, close proximity to Downtown Denver, Denver Tech Center and Inverness Business Park make this area highly desirable.
Southwest Region ~ Metro Denver Real Estate Trends
Metro Denver Southwest area continues to see improvement. The area sold 18% of the listings (lowest in the area, but for the area an improvement) and the DOM – days on market is right at 100. The area has the second highest average price in the area at $295,455.
Northwest Region ~ Metro Denver Real Estate Trends
Northwest Metro Denver trends show an increase in Days on Market over last month 100 to 102. This area also saw 22% of their inventory sell last month.
Denver – City and County
Denver continues to be a popular place to purchase a home. The average DOM – days on market is a low 97 with overall average sale price of $266,175.
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 720-279-4599 I welcome your call.
Based on information from Metrolist, Inc. for the period of July 2011. 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.
About the Author
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog