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Kristal Kraft ~Denver Real Estate~720-279-4599

Metro Denver Real Estate Market Statistics - December 2011

Denver Zip Code Real Estate Market Report

The Denver Metro real estate market statistics, are compiled each month. As typical in any real estate market statistics are best looked at when they are "local" meaning by neighborhood to neighborhood. The easiest way for us to track the Denver real estate market is by using a variety of methods to track the market. We consider the number of units, average price, average days on market, list to sold price ratio, number of weeks of inventory. All these figures aid us in determining if the market is improving, declining or staying the same. We also use these same forecasting tools to price your home. As in any market, it is the buyer and the seller who really determine the true value of a home sale. We use this data to predict what that value is most likely to be. Currently the Denver real estate market is dealing with the issue of inventory. Our inventory is 40% less than it was last year, and even last year that was low. Looking at the color coding on the band graphs below, You can easily see how each neighborhood is doing. Of course even this one must be careful not to jump to conclusions. One month's data is not enough to make a good decision for pricing your home. Remember Green is good, red is not so good. Unless of course you are a buyer and not a homeowner. Buyers will find better deals in the zip codes that are in the red zone. This of course is making the assumption that one is dealing with a motivated seller. Buyers, do not dispair over the lack of red zoned/buyer market zip codes in metro Denver. You have other things going for you, for instance interest rates are the lowest they have been since your Grand-father (or maybe great-grandfather) purchased a home. Buying at these rates is something to take advantage of right now. Waiting until later you may lose your buying power. Yes, rates and prices will go up. Our lack of inventory is the scarcity that makes the demand that increases the prices. An increase in price will cost you more too.
Note the color coded band that indicates what type of market each area is typically considered to be in. High inventory means an extreme BUYER’s market. A low inventory of homes available for sale indicates an Extreme Seller’s Market.

City and County of Denver Real Estate Market Report by Zip Code

Denver City County Real Estate market report for December 2011

Northeast Region ~ Metro Denver Real Estate Zip Code trends

The Northeast Region encompasses Aurora North, Brighton/Fort Lupton, Denver Northeast, East Suburban North, N Northeast Suburban, North Suburban Central and North /Suburban East, we are in a “normal Seller’s Market” with the exception of the N Northeast Suburban area which is experiencing a "balanced market".
NE Denver Region real estate market report by zip code
Denver Home Values by Zip Codes
Denver Real Estate Statistics Key Absorption Rate

Southeast Region ~ Metro Denver Real Estate Zip Code Trends

This band chart covers Aurora South, Denver Southeast, Douglas/Elbert/Parker, Douglas/Highlands Ranch/Lone Tree, East Suburban South, South Suburban Central, South Suburban East.
Denver SE Zip Code Map for home values - December 2011
Denver SE Real EState market reports by zip code
Real Estate Statistics for Metro Denver

Southwest Region ~ Metro Denver Real Estate Zip Code Trends

The band chart of Southwest Metro Denver encompasses both close -in suburbs, the foothills and Mountain communities of Denver Southwest, Douglas County West, Jefferson South, Jefferson South Central, Mountain Conifer Pine, Mtn Evergreen North, Mountain Evergreen South and Mountain Jeffco Central.
Real Estate market Report for SW Denver, Colorado December 2011
Real Estate Market Reports for SW Denver - 12-2011
Average Days for sale on market Metro Denver Real Estate

Northwest Region ~ Metro Denver Real Estate Zip Code Trends

The Northwest Denver Region covers the communities in Broomfield, Denver Northwest, Downtown Denver, Jefferson Central, Jefferson North, Jefferson North Central, Jefferson West/Golden, Lafayette, Louisville, Mountain Jefferson North, N Northwest Suburban, North Suburban West and Superior.
Real Estate Market Report for NW Denver Metro - December 2011
Denver NW real estate market reports for December 2011
Trends for Denver Real Estate Average Price

Questions about your neighborhood? Need more specific data on your home for either purchase or to sell? Feel free to call for more in depth reporting. Kristal Kraft 720-279-4599 I welcome your call.

Based on information from Metrolist, Inc. for the period of December 2011. NOTE: this representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist may not reflect all real estate activity in the market content.

Metro Denver Real Estate Market Statistics - November 2011

Denver Real Estate Market Report

The Denver Metro real estate market statistics are in and the news continues to get better. Inventory of homes on the market is at the lowest since we can recall. Officially we have 36.36% less homes on the market than at the same time last year. The average sale price is down 1.96% from the same time last year. Considering how hard hit other parts of the country have been, this is good news for Metro Denver. We are selling homes, in fact depending upon which area we are selling at a rate of 20-26% of the inventory each month. Not all areas are experiencing this rate of sales. The mountain properties in Conifer, Bailey, Pine and Mountain Jefferson County continue to see 49+ weeks of inventory, making those areas an extreme buyer's market. Knowledge is power, knowing what the market is doing is the first step. The easily read band graphs provide the following information:
  • Number of Sold Properties in each MLS region
  • Number of Active Listings
  • Number of weeks of inventory
  • Average Sold Price
  • Average Days on Market (DOM)
Note the color coded band that indicates what type of market each area is typically considered to be in. High inventory means an extreme BUYER’s market. A low inventory of homes available for sale indicates an Extreme Seller’s Market.

Northeast Region ~ Metro Denver Real Estate trends

The Northeast Region encompasses Aurora North, Brighton/Fort Lupton, Denver Northeast, East Suburban North, N Northeast Suburban, North Suburban Central and North /Suburban East, we are in a “normal Seller’s Market” with the exception of the N Northeast Suburban area which is experiencing a "balanced market".
Northeast Metro Denver Real estate Statistics - November 2011
Denver Real Estate Statistics Key Absorption Rate
Northeast Region of Suburban Denver continues to lead the areas in the highest ratio of solds per listings at 26%. This area also has the lowest average price of all the regions at $185.803. Buyers looking for a good value in their home purchase are finding deals here.

Southeast Region ~ Metro Denver Real Estate Trends

This band chart covers Aurora South, Denver Southeast, Douglas/Elbert/Parker, Douglas/Highlands Ranch/Lone Tree, East Suburban South, South Suburban Central, South Suburban East.
Southeast Metro Denver Real Estate Market Statistics - November 2011
Real Estate Statistics for Metro Denver
The Southeast area is doing very good overall. The area is experiencing strong sales and holds the record for the highest average price in the region at $332,279. In November 21% of the available listings sold, 714 in all!

Southwest Region ~ Metro Denver Real Estate Trends

The band chart of Southwest Metro Denver encompasses both close -in suburbs, the foothills and Mountain communities of Denver Southwest, Douglas County West, Jefferson South, Jefferson South Central, Mountain Conifer Pine, Mtn Evergreen North, Mountain Evergreen South and Mountain Jeffco Central.
Southwest Metro Denver Real Estate Statistics - November 2011
Average Days for sale on market Metro Denver Real Estate
Metro Denver Southwest area has seen improvement since last month. The mountain areas (with the exception of Mtn. Conifer, Pine and Mountain Jeffco Central) are all rising out of that red zone. More homes sold, but at a lower average price than last month. Typical of a soft market the sellers who must sell are making adjustments in price. The weeks of inventory is dropping, as is the average days on market (121 DOM). In November Southwest Metro Denver Region sold 20% of listings on the market at 448 units.

Northwest Region ~ Metro Denver Real Estate Trends

This large quadrant covers the communities in Broomfield, Denver Northwest, Downtown Denver, Jefferson Central, Jefferson North, Jefferson North Central, Jefferson West/Golden, Lafayette, Louisville, Mountain Jefferson North, N Northwest Suburban, North Suburban West and Superior.
Northwest Metro Denver Real Estate Market Statistics - November 2011
Trends for Denver Real Estate Average Price
Northwest Metro Denver trends show a decrease in Days on Market over last month 100 to 91. 22% of the listings in this area sold in November for a total of 422. The mountain areas continue to see a high number of Days on Market.

Questions about your neighborhood? Need more specific data on your home for either purchase or to sell? Feel free to call for more in depth reporting. Kristal Kraft 720-279-4599 I welcome your call.

Based on information from Metrolist, Inc. for the period of November 2011. NOTE: this representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist may not reflect all real estate activity in the market content.

Winter Wonderland

In nearby Silverthorne, Colorado there is a Castle under-construction for the next few months. Many people are working on it day and night even though it is temporary. Right now when the temperature is cold the Castle grows, but in a few months when the warm wind blows the Castle will melt away.

What a wonderful sight this Castle is. Children and adults smile in appreciation of its wonder. The entire Castle is made only of ice. Ice and ice alone transforms into the shape of a magnificent site.

The Ice Castle is open daily. For more information please visit the Ice Castles Website. It's only 90 minutes from Metro Denver just off I-70 in Silverthorne. What a great place to visit this holiday season!

In the meantime, enjoy some of my photos taken last week.

Ice Castles and Brian

Brian is associated with the Ice Castles. He demonstrated how the climb to the top. They wear spikes on their shoes, in fact he offered me the opportunity to use the spikes, but I declined.

Ice Castles at Dusk

They grow their own icicles on frames at ground level. Carefully the icicles are broken off and transported to the upper reaches of the castle. These icicles are then used as "rebar" to give a foundation to the growth of ice to come.

Making of an Ice Castle

At night, lights are placed inside the tunnels of the castle. The light turns to a soft glow. The Twilight colors of the sunset also provide some wonderful colors against the ice.

Ice Castle and Venus

Ice Garden

Here you can see the beginnings of a wall. The process of adding the icicles to the level below, builds a new level. to the Castle. The process will continue through the winter months. By February the Castle should be 50-60 feet tall.

Ice Castle and Twinkle Little Star

The star is actually a street light, shining through the Castle. By using F-22 on my camera, it formed a star.

Denver Real Estate Statistics & Market Trends by Zip Cod - October 2011

Denver Real Estate Market Report

The Berkshire Group REALTORS®  present the latest real estate market statistics for the month of October, 2011.  These easy to read band charts will give you a real estate market update for the various quadrants of the Metro Denver market.  If you are thinking of buying or selling a home, please call us for a more in-depth market report for your neighborhood. Knowledge is power, knowing what the market is doing is the first step. The easily read band graphs provide the following information:
  • Number of Sold Properties in each MLS region
  • Number of Active Listings
  • Number of weeks of inventory
  • Average Sold Price
  • Average Days on Market (DOM)
Note the color coded band that indicates what type of market each area is typically considered to be in.  High inventory means an extreme BUYER’s market.  A low inventory of homes available for sale indicates an Extreme Seller’s Market.

Inventory at a Low Level

The Berkshire Group has been tracking Denver Real Estate Statistics since the company started in 2003.  The current inventory has never been this low since we began.  Another source stated our inventory is the lowest it has been since 2000.
What does this mean to you?  If you are a seller, there is less competition.  Less competition means your value should be higher, supply & demand will help your case, as long as your home is in good condition and made available to the consumer to see.
If you are a buyer, you may find less homes to look at.  It is likely that when you find a really good home, you will need to act quickly or prepare to be disappointed when someone else beats you to it.  Buyers need to be ready to buy, armed with a loan in place or nearly so.  Buyers who believe they can "steal" a home by making low offers, may quickly learn this is not necessarily so.  I'm referring to homes that are not distress sales, i.e. foreclosures and short sales.

Low Inventory, Season Not the Reason!

Many may try to make the case the inventory is lower due to the winter months approaching.  Typically our inventory is low during this time, but at present the inventory is 35% lower than last year at the same time.  Homeowners are staying put, waiting for the market to improve.

Northeast Region ~ Metro Denver Real Estate trends

The Northeast Region encompasses Aurora North, Brighton/Fort Lupton, Denver Northeast, East Suburban North, N Northeast Suburban, North Suburban Central and North /Suburban East, we are in a “normal Seller’s Market” with the exception of the N Northeast Suburban area which is experiencing a "balanced market".
real estate activity in Northeast Suburban Denver - October 2011
Denver Real Estate Statistics Key Absorption Rate
Northeast Suburban took all the records in the Denver Metro area last month.  This area has the most affordable housing (average $161,115), with the  least days on market (DOM 89) sold the highest percent of the listings at 26%. Buyers have obviously found the prices and the area to be very attractive and they are buying homes in Northeast Suburban of Metro Denver!

Southeast Region ~ Metro Denver Real Estate Trends

This band chart covers Aurora South, Denver Southeast, Douglas/Elbert/Parker, Douglas/Highlands Ranch/Lone Tree, East Suburban South, South Suburban Central, South Suburban East.
Real Estate Sales, Listings, Absorption Rate for Southeast Suburban Denver - October 2011
Real Estate Statistics for Metro Denver
The Southeast area continues to lead the Denver Metro region in Average Sale Price ($306,161).  The DOM - Days on Market is 97, the area sold 21% of the listings last month.  Good schools, close proximity to Downtown Denver, Denver Tech Center and Inverness Business Park make this area highly desirable.

Southwest Region ~ Metro Denver Real Estate Trends

The band chart of Southwest Metro Denver encompasses both close -in suburbs, the foothills and Mountain communities of Denver Southwest, Douglas County West, Jefferson South, Jefferson South Central, Mountain Conifer Pine, Mtn  Evergreen North, Mountain Evergreen South and Mountain Jeffco Central.
Southwest Suburban Denver Real Estate Trends, listings, sales October 2011
Average Days for sale on market Metro Denver Real Estate
Metro Denver Southwest area continues to see improvement.  The area sold 18% of the listings (lowest in the area, but for the area an improvement) and the DOM - days on market is right at 100.  The area has the second highest average price in the area at $295,455.

Northwest Region ~ Metro Denver Real Estate Trends

This large quadrant covers the communities in Broomfield, Denver Northwest,  Downtown Denver, Jefferson Central, Jefferson North, Jefferson North Central, Jefferson West/Golden, Lafayette, Louisville, Mountain Jefferson North, N Northwest Suburban, North Suburban West and Superior.
Northwest Suburban Denver Real Estate market statistics - October 2011
Trends for Denver Real Estate Average Price
Northwest Metro Denver trends show an increase in Days on Market over last month 100 to 102.  This area also saw 22% of their inventory sell last month. Denver Real Estate Sales Statistics by Zip Code

 Denver - City and County

Denver continues to be a popular place to purchase a home.  The average DOM - days on market is a low 97 with overall average sale price of $266,175.

Questions about your neighborhood?  Need more specific data on your home for either purchase or to sell?  Feel free to call for more in depth reporting.  Kristal Kraft 720-279-4599  I welcome your call.

Based on information from Metrolist, Inc. for the period of July 2011.  NOTE: this representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist may not reflect all real estate activity in the market content.

Metro Denver Real Estate Market Report ~ September 2011

Denver Real Estate Market Report

The Berkshire Group REALTORS® are delighted to present the latest real estate market statistics for the month of September, 2011.  These easy to read band charts will give you a real estate market update for the various quadrants of the Metro Denver market.  If you are thinking of buying or selling a home, please call us for a more in-depth market report for your neighborhood. Knowledge is power, knowing what the market is doing is the first step. The easily read band graphs provide the following information:
  • Number of Sold Properties in each MLS region
  • Number of Active Listings
  • Number of weeks of inventory
  • Average Sold Price
  • Average Days on Market (DOM)
Note the color coded band that indicates what type of market each area is typically considered to be in.  High inventory means an extreme BUYER’s market.  A low inventory of homes available for sale indicates an Extreme Seller’s Market.

Northeast Region ~ Metro Denver Real Estate trends

The Northeast Region encompasses Aurora North, Brighton/Fort Lupton, Denver Northeast, East Suburban North, N Northeast Suburban, North Suburban Central and North /Suburban East, we are in a “normal Seller’s Market” with the exception of the N Northeast Suburban area which is experiencing a "balanced market".
Northeast Denver Real Estate Statistics Trends
Denver Real Estate Statistics Key Absorption Rate
East Suburban North offers the best buy in the Northeast Region for buyers.  At the present time all the other areas are leaning toward a seller's market.  Aurora North still has the least expensive average sold price.  Homes in North Suburban Central are selling with the least amount of Days of Market.

Southeast Region ~ Metro Denver Real Estate Trends

This band chart covers Aurora South, Denver Southeast, Douglas/Elbert/Parker, Douglas/Highlands Ranch/Lone Tree, East Suburban South, South Suburban Central, South Suburban East.
Southeast Denver Real Estate Statistics Market Trends
Real Estate Statistics for Metro Denver
The Southeast area is doing very good overall.  The area is experiencing a very short absorption rate with average days on market lower than in any other Metro Denver area. Aurora South has the highest appreciation in the Southeast Denver market.  It also has the lowest average price.  There's something to be said for an area that has good prices and good schools.  Homes are selling at an average of 89 days!

Southwest Region ~ Metro Denver Real Estate Trends

The band chart of Southwest Metro Denver encompasses both close -in suburbs, the foothills and Mountain communities of Denver Southwest, Douglas County West, Jefferson South, Jefferson South Central, Mountain Conifer Pine, Mtn  Evergreen North, Mountain Evergreen South and Mountain Jeffco Central.
Southwest Denver Real Estate Statistics Market Trends
Average Days for sale on market Metro Denver Real Estate
Metro Denver Southwest area has seen improvement since last month.  The mountain areas (with the exception of Mtn. Evergreen North and Mountain Jeffco Central) are all rising out of that red zone.  More homes sold, but at a lower average price than last month.  Typical of a soft market the sellers who must sell are making adjustments in price.  The weeks of inventory is dropping, as is the average days on market.

Northwest Region ~ Metro Denver Real Estate Trends

This large quadrant covers the communities in Broomfield, Denver Northwest,  Downtown Denver, Jefferson Central, Jefferson North, Jefferson North Central, Jefferson West/Golden, Lafayette, Louisville, Mountain Jefferson North, N Northwest Suburban, North Suburban West and Superior.
Northwest Denver Real Estate Statistics Market Trends
Trends for Denver Real Estate Average Price
Northwest Metro Denver trends show an increase in Days on Market over last month 82 to 100. Mountain Jefferson North only had six sales for the month with an inventory of 57, which is an increase over 2 sales last month.  Mountain Gilpin made the chart this month with four sales averaging 80 days on market.  Congrats to them as they were absent last month from the chart.

 Overall Area Winners

Denver Southeast has both the most inventory and the most sales with 1077 listings and 199 sold for the month of September 2011 Mountain Gilpin has the 104 weeks of inventory, which is the highest for the region. (good deals will be found here buyers!) Evergreen North comes in second with 62.98 weeks of inventory.  Following third is Mountain Jeffco at 51.13 weeks of inventory. The areas with the least amount of inventory are Aurora North with 12.25 and Aurora South with 12.80 weeks of inventory.  These areas are affordable thus the rush to purchase.  If you are a home owner in Aurora who is considering selling your time is now! Price your home right, make it pretty and it will get snapped up quickly!

Questions about your neighborhood?  Need more specific data on your home for either purchase or to sell?  Feel free to call for more in depth reporting.  Kristal Kraft 720-279-4599  I welcome your call.

Based on information from Metrolist, Inc. for the period of July 2011.  NOTE: this representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist may not reflect all real estate activity in the market content.