To a great degree real estate is a numbers game. It’s about sales and appraisal values, financing rates, statistical analysis on the number of sold properties and active listings, and return on investment for commercial buyers and sellers. There is the square footage conundrum where tiny homes sell for much more than larger homes. Did I hear someone say, “Location, location, location.”?
As the South Metro Denver real estate market has “heated-up” over the course of the past few months, here are some numbers to chew on. (Information is from MetroList, the Denver Metro MLS.) Through April/2012, single family home sales are UP approximately 11% when compared to through April/2011 (3123 vs. 2801). Attached unit sales are UP 7% for the same time periods (1283 vs. 1195). Overall, the market is UP about 10%. How about those numbers?