About Denver's Speer

Just North of West Wash Park and South of Speer is one of Denver ‘s oldest neighborhoods.  The Speer neighborhood is bound on the West Side by Broadway, Alameda to the South, Downing on the East and Speer to the North.  The Baker neighborhood is immediately to the West and Denver Country Club is Immediately to the East, West Wash Park is across Alameda to the South.

Take a look at this interactive map with all homes available in Speer, and Baker. 

Hint: if you drag the map or zoom in to an area of interest you can see exactly where various homes for sale are and how they relate to the neighbor’s homes, street and the parks…

Recently related articles include Sloan’s Lake Real Estate, Cherry Creek North Real Estate.

Bob Maiocco
Broker Associate
The Maiocco Team, Inc.
Keller Williams
720)273-4262 direct
follow me on Twitter: BobTheBroker
blogging at: www.DenversRealEstateNews.com

Recap of First Half 2008 Home Price Performance
By Lon Welsh and Terry Wenze, Your Castle Real Estate.

The average home price in Metro Denver increased +2% in the full year 2005 to the full year 2006. Comparing 2006 to 2007, the average home price across the metro dropped 3%, to $303,000. The half of 2008 was $275,000 vs. the first half of 2007 was $306,000: a 10% decrease. These numbers will be slightly different than Metrolist, as they are just Denver Metro and don't include outlying areas like Fort Collins, Colorado Springs, or Boulder.

The average price of a foreclosure dropped -6% to $168,000 in the first half of 2008. The average short sale was steady at $212,000. The average price of a non-distress sale decreased 5% to $352,000. Sales volume was down for single family homes. Foreclosure and short sale volume is up and non-distress seller volume is down.

Some areas did better than others. The attached chart shows different neighborhoods in our region. Each region has the neighborhood's name and the percentage of sales in the last twelve months that were either short sales or bank-owned properties. The second line has the price change the twelve months from July 2007 to June 2008 vs. the twelve months immediately preceding. Next, you'll see the average home price in the last twelve months and the average days on market (DOM) in the last twelve months.

There had to be at least twenty sales in the last year for an area to be included. The numbers are more reliable in areas where there were more sales.

The good news is the last four times the market had a change from a buyers market to a sellers market, or vice versa, it was preceded by a change in the DOM. DOM for homes declined in the first and second quarters of this year. Too soon to call it a trend, but it is a favorable sign. Another great indication of hitting the bottom: monthly prices in DSW and AUN have been relatively steady for seven months, after falling rapidly from 2005 to 2007.


Source: Your Castle Real Estate analysis, MLS data

Question or need more detail? Call Robert Koch at 720 231-0213 or robertrkoch@gmail.com

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