January - 2012 Denver Real Estate Market Update

Sold Data Analysis of Denver MLS (All Areas)

Denver Residential Home Sales Overview:

Denver Colorado Real Estate
The present highlights for Denver real estate show that currently there is a 4.5% increase in actual sold properties as closed sales and this is an overall increase of 2.1% stacked up against 2010. The sold prices of homes in Denver across the front range shows an increase in average sold price being at $275,610 which is a positive increase by 0.4% for home listings sold in Denver recently. This brings the absorption rate to a decreased time that sums up to the average days on the market being at around 4 months to sell a home in Broomfield, Lakewood, Westminster, or any of the other Denver suburbs and neighborhoods.

Denver Colorado Condos 
Data shows there is an increase in closed sales for December 2011 versus a year ago, and overall sales on condos in Denver and the surrounding areas are at a decrease of 1.1% putting 2012 figures up against 2011. Condominiums in Denver remain flat on sales price when compared to a year ago, with a slight decrease at 0.3% in the average sold price. What makes the Denver condo real estate market hot right now is the decrease in listed condominums for sale. The inventory is down -50.4% from a year ago, the total available condos for sale at 2,139.The sum of half as many condos listed and sales being almost the same means as a seller you have a much better chance of selling and in half the amount of time. This all comes down to the condition of your home for sale. Home sales values and local information are available on other posts with Broomfield CO Homes For Sale.

Feel free to peruse the articles for updated and most current information provided by experienced and knowledgeable Realtors with the Homewerks Team at Keller Williams Realty in Broomfield Colorado. We work in the Denver area, so please enlist our abilities and resources! As always, feel free to call us with any question you might have and we will be glad to help.

Shaun Werkele
Homewerks
Keller Williams Preferred Realty
303-250-4735