With the arrival of spring, there appears to be a ray of sunshine for the Metro Denver real estate market. Attractive mortgage interest rates and a lack of available inventory have fueled buyer interest. Multiple offers and some homes selling for more than the list value have once again surfaced.
For the Metro Denver real estate market, through March/2012 single family homes sales are UP approximately 12% year-to-date versus 2011; attached unit sales are UP approximately 4% year-to-date versus 2011; and the overall market is UP approximately 9% year-to-date versus 2011. Active listings in Metro Denver are down noticeably, with 46% fewer single family homes on the market now (2299) as compared to April/2011 (4246). When the local real estate market peaked in 2005 there were 5293 homes available in April.
Monday, April 30, 2012
South Metro Denver Economic Snapshot - April '12
With the arrival of spring, there appears to be a ray of sunshine for the South Metro Denver real estate market. Attractive mortgage interest rates and a lack of available inventory have fueled buyer interest. Multiple offers and some homes selling for more than the list value have once again surfaced.
For the South Metro Denver real estate market, through March/2012 single family homes sales are UP approximately 12% year-to-date versus 2011; attached unit sales are UP approximately 6% year-to-date versus 2011; and the overall market is UP approximately 10% year-to-date versus 2011. Active listings in South Metro Denver are down noticeably, with 43% fewer single family homes on the market now (2266) as compared to April/2011 (3979). When the local real estate market peaked in 2005 there were 4792 homes available in April.
For the South Metro Denver real estate market, through March/2012 single family homes sales are UP approximately 12% year-to-date versus 2011; attached unit sales are UP approximately 6% year-to-date versus 2011; and the overall market is UP approximately 10% year-to-date versus 2011. Active listings in South Metro Denver are down noticeably, with 43% fewer single family homes on the market now (2266) as compared to April/2011 (3979). When the local real estate market peaked in 2005 there were 4792 homes available in April.
Mountain Suburbs Economic Snapshot - April '12
With the arrival of spring, there appears to be a ray of sunshine for the Mountain Suburbs real estate market. Attractive mortgage interest rates and a lack of available inventory have fueled buyer interest. Multiple offers and some homes selling for more than the list value have once again surfaced.
For the Mountain Suburbs real estate market, through March/2012 single family homes sales are UP approximately 6% year-to-date versus 2011. Active listings in Mountain Suburbs are down noticeably, with 27% fewer single family homes on the market now (372) as compared to April/2011 (509). When the area real estate market peaked in 2005 there were 456 homes available in April.
For the Mountain Suburbs real estate market, through March/2012 single family homes sales are UP approximately 6% year-to-date versus 2011. Active listings in Mountain Suburbs are down noticeably, with 27% fewer single family homes on the market now (372) as compared to April/2011 (509). When the area real estate market peaked in 2005 there were 456 homes available in April.
Jefferson County Economic Snapshot - April '12
With the arrival of spring, there appears to be a ray of sunshine for the Jefferson County real estate market. Attractive mortgage interest rates and a lack of available inventory have fueled buyer interest. Multiple offers and some homes selling for more than the list value have once again surfaced.
For the Jefferson County real estate market, through March/2012 single family homes sales are UP approximately 21% year-to-date versus 2011; attached unit sales are UP approximately 18% year-to-date versus 2011; and the overall market is UP approximately 20% year-to-date versus 2011. Active listings in Jefferson County are down noticeably, with 39% fewer single family homes on the market now (648) as compared to April/2011 (1056). When the local real estate market peaked in 2005 there were 1243 homes available in April.
For the Jefferson County real estate market, through March/2012 single family homes sales are UP approximately 21% year-to-date versus 2011; attached unit sales are UP approximately 18% year-to-date versus 2011; and the overall market is UP approximately 20% year-to-date versus 2011. Active listings in Jefferson County are down noticeably, with 39% fewer single family homes on the market now (648) as compared to April/2011 (1056). When the local real estate market peaked in 2005 there were 1243 homes available in April.
Northern Colorado Economic Snapshot - April '12
With the arrival of spring there appears to be a ray of sunshine for the Northern Colorado real estate market. Attractive mortgage interest rates and a lack of available inventory have fueled buyer interest. Multiple offers and some homes selling for more than the list value have once again surfaced.
For the Northern Colorado real estate market, through March/2012 single family homes sales are UP approximately 14% year-to-date versus 2011; attached unit sales are UP approximately 25% year-to-date versus 2011; the overall market being UP approximately 15% year-to-date versus 2011.
For the Northern Colorado real estate market, through March/2012 single family homes sales are UP approximately 14% year-to-date versus 2011; attached unit sales are UP approximately 25% year-to-date versus 2011; the overall market being UP approximately 15% year-to-date versus 2011.
Douglas County Economic Snapshot - April '12
With the arrival of spring, there appears to be a ray of sunshine for the Douglas County real estate market. Attractive mortgage interest rates and a lack of available inventory have fueled buyer interest. Multiple offers and some homes selling for more than the list value have once again surfaced.
For the Douglas County real estate market, through March/2012 single family homes sales are UP approximately 12% year-to-date versus 2011; attached unit sales are UP approximately 18% year-to-date versus 2011; and the overall market is UP approximately 13% year-to-date versus 2011. Active listings in Douglas County are down noticeably, with 31% fewer homes on the market now (1678) as compared to April/2011 (2441). When the local real estate market peaked in 2005 there were 2558 single family homes available in April.
For the Douglas County real estate market, through March/2012 single family homes sales are UP approximately 12% year-to-date versus 2011; attached unit sales are UP approximately 18% year-to-date versus 2011; and the overall market is UP approximately 13% year-to-date versus 2011. Active listings in Douglas County are down noticeably, with 31% fewer homes on the market now (1678) as compared to April/2011 (2441). When the local real estate market peaked in 2005 there were 2558 single family homes available in April.
Broomfield/Westminster Economic Snapshot - April '12
With the arrival of spring, there appears to be a ray of sunshine for the Broomfield/Westminster real estate market. Attractive mortgage interest rates and a lack of available inventory have fueled buyer interest. Multiple offers and some homes selling for more than the list value have once again surfaced.
For the Broomfield/Westminster real estate market, through March/2012 single family homes sales are UP approximately 11% year-to-date versus 2011; attached unit sales are UP approximately 38% year-to-date versus 2011; and the overall market is UP approximately 14% year-to-date versus 2011. Active listings in Broomfield/Westminster are down noticeably, with 50% fewer single family homes on the market now (680) as compared to April/2011 (1365). When the local real estate market peaked in 2005 there were 2293 homes available in April.
For the Broomfield/Westminster real estate market, through March/2012 single family homes sales are UP approximately 11% year-to-date versus 2011; attached unit sales are UP approximately 38% year-to-date versus 2011; and the overall market is UP approximately 14% year-to-date versus 2011. Active listings in Broomfield/Westminster are down noticeably, with 50% fewer single family homes on the market now (680) as compared to April/2011 (1365). When the local real estate market peaked in 2005 there were 2293 homes available in April.
Aurora Economic Snapshot - April '12
With the arrival of spring, there appears to be a ray of sunshine for the Aurora real estate market. Attractive mortgage interest rates and a lack of available inventory have fueled buyer interest. Multiple offers and some homes selling for more than the list value have once again surfaced.
For the Aurora real estate market, through March/2012 single family homes sales are UP approximately 6% year-to-date versus 2011; attached unit sales are UP approximately 10% year-to-date versus 2011; and the overall market is UP approximately 6% year-to-date versus 2011. Active listings in Aurora are down noticeably, with 66% fewer homes on the market now (382) as compared to April/2011 (1123). When the local real estate market peaked in 2005 there were 1898 single family homes available in April.
For the Aurora real estate market, through March/2012 single family homes sales are UP approximately 6% year-to-date versus 2011; attached unit sales are UP approximately 10% year-to-date versus 2011; and the overall market is UP approximately 6% year-to-date versus 2011. Active listings in Aurora are down noticeably, with 66% fewer homes on the market now (382) as compared to April/2011 (1123). When the local real estate market peaked in 2005 there were 1898 single family homes available in April.
Tuesday, April 10, 2012
Boulder Valley Economic Snapshot - April '12
With the advent of spring, there appears to be a ray of sunshine for the Boulder County real estate market. Through March/2012 single family homes sales are UP approximately 11% year-to-date versus 2011; attached unit sales are UP approximately 7% year-to-date versus 2011; the overall market being UP approximately 10% year-to-date versus 2011. Assuming the local real estate market keeps a similar pace over the balance of the year, there will be approximately 4,000 single family homes (73%) and attached units (27%) sold in 2012. This would be somewhat comparable to sales activity for 2008 (4,270 sales), but still considerably below 2005 figures (5,795 sales) when activity peaked.
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