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Month #Active #Sold Average Sold Price
YTD # Sold
YTD Average Sold Price
Median Sold Price
(Month)
YTD Median Sold Price
JAN 8,356 1,993 $272,328 1,993 $272,328 $218,855 $218,855FEB 8,082 1,978 $270,821 3,971 $271,577 $220,000 $219,900MAR 8,303 2,775 $284,035 6,746 $276,702 $232,500 $225,000
Condominiums and TownhousesMonth #Active #Sold Average Sold
PriceYTD#Sold
YTD Average Sold Price
Median Sold Price
(Month)
YTD Median Sold Price
JAN 2,087 477 $146,544 477 $146,544 $113,000 $113,000FEB 2,004 517 $161,143 994 $154,137 $120,000 $118,000MAR 2,022 700 $161,848 1,694 $157,324 $125,500 $120,000
Residential Condos
Residential Condos
2011
- 20
1220
11 -
2012
Sale
sAv
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Source: Metrolist, Inc.
M $273,877 $159,854 A $271,969 $158,438 M $279,443 $160,051 J $292,230 $158,463 J $298,654 $153,058 A $284,065 $168,050 S $280,289 $159,980 O $269,503 $160,723 N $275,951 $153,526 D $275,610 $166,420 J $272,328 $146,544 F $270,821 $161,143 M $284,035 $161,848
M 2527 682A 2735 694M 3036 696J 3295 785J 3082 753A 3177 796S 2610 727O 2482 701N 2468 600D 2531 625J 1993 477F 1978 517M 2775 700
Denver Trends April 2012 Colorado
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M A M J J A S O N D J F M
Residential
Condos
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$50,000
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M A M J J A S O N D J F M
Residential
Condos
Ginger [email protected]
Wade [email protected]
This Month 5,328 3,475 Last Month 4,150 2,495 Percentage Change +28.4% +39.3%
This Month, Last Year 3,571 3,209 Percentage Change, Compared To This Year +49.2% +8.3%
Year to Date, This Year 12,964 8,440 Year to Date, Last Year 10,411 7,594 Percentage Change +24.5% +11.1%
Based OnProperties
Under Contract
Based OnProperties
Closed
METROPOLITAN DENVER REAL ESTATE STATISTICS AS OF MARCH 31, 2012
UNSOLD HOMES ON THE MARKET:
WEEKLY SALES RATE:
AVERAGE PRICE OF PROPERTIES CLOSED:
MEDIAN PRICE OF PROPERTIES CLOSED:
Single Family ResidentialCondos
ResidentialCondos
© 2012 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed
Denver Trends
This report summarizes the sales of residential real estate units during the reported-on period. Please note: 1) The reported units have been adjusted for the calendar month (as defined by MLS cut-off dates each month) in order to put such periods on a comparable basis. 2) Under Contract units reflect those properties reported as “under contract” during the period - i.e., a binding contract was executed between buyer and seller. 3) Closed units reflect the passing of title. The close date generally lags 30-90 days behind the under contract date and is often distorted by many outside factors unrelated to the extent of real estate activity.
This representation is based in whole or in part on data supplied by Metrolist, Inc. Neither the member Boards of Realtors nor their MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Boards or their MLS may not reflect all real estate activity in the market.
This Month 10,325 This Month, Last Year 17,707 Percentage Change -41.7%
This Month 10,325 Last Month 10,086 Percentage Change +2.4%
This Month 11.92%This Month, Last Year 4.66%
This Month $259,422 $161,848 $284,035 Last Month $248,094 $161,143 $270,821 This Month, Last Year $249,644 $159,853 $273,877 Year to Date Average, This Year $252,741 $157,324 $276,702 Year to Date Average, Last Year $248,363 $155,956 $272,507
This Month $125,500 $232,500 Last Month $120,000 $220,000 This Month, Last Year $120,000 $224,900 Year to Date Median, This Year $120,000 $225,000 Year to Date Median, Last Year $121,905 $220,000
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SBuyer demand keeps home inventories low in Denver metro areaBy Howard Pankratz - The Denver Post
A rapid increase in buyer demand for homes in the Denver area has kept the inventory of homes low — a trend that independent real estate analyst Gary Bauer expects to continue.
Bauer said the pent-up demand began Jan. 1 and continued through March.
“At this point I see no end in sight,” said Bauer.
“Contracts are being written within a matter of days” of a home coming on the market, he said.
Bauer’s analysis is based on data from Metrolist, the region’s multiple listing service.
Bauer said that home prices remain low and inventory has been on the decline since the start of 2011, although there was an increase of 300 units in March.
“In the Denver market, home affordability has not been better than it is today,” said Bauer.
And, he added, the prime home-buying season in Denver is just a month away.
The inventory of unsold homes is at 10,325 units, up 2 percent from February and down 42 percent from March 2011 .
According to the data, 5,328 units were placed under contract in March, up 28 percent from February and up 49 percent from March 2011.
The report said 3,475 units were sold in March, up 39 percent from February and up 8 percent from March 2011.
As far as prices, single-family average prices for March were $259,422 , up 5 percent month over month and 4 percent year-over-year.
Bauer said that beginning Monday, FHA mortgages will be more expensive. But he said he doesn’t believe this will put a dent in the home-buying trend.
To read the entire article please click on the headline which will link you to the article. If you are reading a paper copy of this publication and need a copy of the electronic version please contact your Fidelity National Title Company representative.
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To read the entire article please click on the headline which will link you to the article. If you are reading a paper copy of this publication and need a copy of the electronic version please contact your Fidelity National Title Company representative.
Bauer sees lots of upside to Metrolist home-sales numbers for Denver areaBy Dennis Huspeni - Denver Business Journal
One word describes real estate analyst Gary Bauer’s metro Denver home sales report for March: “up.”
Inventory is up. Activity is up, with more sales and more contracts being written. And prices are up, according to Bauer’s report, released Thursday and based on Metrolist Inc. multiple-listing data.
“On a percentage change basis, for March’s month-over-month, this is the second best report in all the records that I have going back to 1985,” said Gary Bauer, an independent, Littleton-based real estate broker, Metrolist analyst and board member.
The inventory of homes for sale rose 2 percent in March from February, to 10,325 homes. That number is still a little low heading into the heavy spring buying season, Bauer said, but should increase by an estimated 20 percent in April. The March inventory was 42 percent lower than the number of homes for sale in March 2011.
Buyers put contracts on 5,328 homes in March, a 28 percent increase from the prior month and a 49 percent increase from March 2011, Bauer said.
Year to date, there were 12,964 homes and condos put under contract, a 25 percent increase from the year-to-date number at the end of March 2011.
The amount of closings jumped 39 percent from February to March’s 3,475. That’s also an 8 percent year-over-year increase. Year to date, there were 8,440 units sold, an 11 percent increase over 2011’s year-to-date numbers and a slight 1 percent increase over the number of homes sold by this time in 2010.
“The under-contract and sold numbers are through the roof,” Bauer said. “Pricing has gone up, like we expected. Things are looking pretty good. The affordability factor is the best its ever been.”
Average sales price for condos and residential homes went up to $259,422, a 5 percent hike from February’s average price and a 4 percent jump from the average price in March 2011, $249,644.
Finally, average days on the market for March stood at 103, down 2 days from February and down 16 days from March 2011. Year to date, that average stood at 104 days — down considerably from the 122 average days on the market year-to-date posted in 2011.
