Parker Colorado Real Estate isn?t the only Denver Metro market seeing appreciation. Many of the Denver Metro area estate markets are seeing growth and appreciation.
It?s clear from the numbers below that now is the best time to sell a home in the Denver Real Estate Market in a long, long time.
Did you know that in the early part of the first decade of 2000 when housing prices were BOOMING we had inventory levels at 18,000 homes on the market??
Did you know that as of July we only had 10,827 homes on the market? Yes the market has turned the corner.?
What is your home worth???This is not an inaccurate computer generated house value computed from tax records. This is as close to an appraisal as you can get without spending $450.
Recent NEWS articles are touting the Denver Metro area as one of the best markets in the County to see appreciation in the coming months. It isn?t NEWS that Denver and surrounding markets like Parker, Colorado and Douglas County would lead the way. We were one of the early markets to feel the housing decline and foreclosure boom so it?s natural that we would also see the upside first.
Looking at the numbers below do not be fooled. Lower priced homes OR homes under $350,000 are dominating the market. Banks are unloading many of their trashed out foreclosures that have been sitting empty for 12 months or more and investors are all too happy to step in and claim the prize.
Find your dream home here.??Quick easy and?efficient. Property emails directly to your inbox without the?hassle?of logging into some Realtor site and plugging in the same info time after time.
Fix and flip investors are raking in good returns and long term rental investors are also picking up the few?remaining?good deals.
I think in 12 months we will see even more stabilization in the market with fewer short sales and foreclosures.?
Here are some year over year real estate sales numbers for the Total MLS area including Denver, Colorado and surrounding areas.
Entire MLS area ? Residential ONLY
# of Closed Sales by Month ? July 2011 = 3,082 versus July 2012 = 3,713 which is a 20.5% increase in home sales.
# of closed homes year to date July 2011 = 18,169 versus July 2012 = 21,341 which is a 17.5% increase.
The # of active listings is down ? 35.2% Fewer homes means less competition and generally higher demand and higher prices. It is a good time to sell.
Average Days on Market is down ? 35.4%. ?From 99 days in 2011 to 64 days on market this year.
The average sold price is up 4.8%
Parker Colorado ? Residential ONLY
# of Closed Sales by Month ? July 2011 = 184 versus July 2012 = 213 which is a 15.8% increase in home sales.
# of closed homes year to date July 2011 = 1,054 versus July 2012 = 1,211 which is a 14.9% increase.
The # of active listings is down ? 25.1%
Average Days on Market is down ? 28.7%.
The average sold price is down ? 9.7% but that generally means lower priced homes are dominating the market which seems to be true. I personally haven?t sold as many million dollar homes this year as in the past.
Castle Rock -?
# of Closed Sales by Month ? July 2011 = 135 versus July 2012 = 216 which is a HUGE 60% increase in home sales.
# of closed homes year to date July 2011 = 827 versus July 2012 = 1,153 which is a 39.4% increase.
The # of active listings is down ? 24.3%
Average Days on Market is down ? 35.5%. From 121 in 2011 to 78 days on market in 2012.
The average sold price is down ? 5.4%
Highlands Ranch Colorado and Lone Tree Real Estate Sales Report -
# of Closed Sales by Month ? July 2011 = 169versus July 2012 = 222 which is a 31.4%?increase in home sales.
# of closed homes year to date July 2011 = 980 versus July 2012 = 1,161 which is a 18.5% increase.
The # of active listings is down ? 46%?
Average Days on Market is down ? 19.7%. From 61 in 2011 to 49 days on market in 2012.
The average sold price is down ? 1.6%
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