Thank you for supporting me by sending me the contact information of anyone you know that’s thinking about buying or selling real estate.
Which part of the market is really moving right now? If you’ve heard that most of the activity in the Denver real estate market is at the lower end, you’re right. According to Metrolist data, almost 93% of the sales in the first quarter of 2010 were priced below $500,000. Of the 8,121 homes (and condos) sold in the first quarter of this year, 7.7% of the homes sold were priced at $500,000 or more. Homes priced at or below $100,000 accounted for 12% of the market. Those from $100,000 to $200,000 comprised 34%; $200,000 to $300,000, 27%; and $300,000 to $500,000, 19%.
That being said, the market is slowly shifting back towards equilibrium. Whereas there was an enormous amount of activity going on for properties priced below $100,000 a couple of years ago, those properties have mostly been gobbled up. There just isn’t a lot of activity in that price range anymore. As the numbers and percentages above show, most of the activity is taking place between $200,000 and $500,000.
Fact or fiction? There is little or no financing available for homes priced above $500,000. FICTION! There’s plenty of financing available. There were actually 834 closings in the first quarter for homes and condos priced above $500,000. A full 107 of them were priced at 1 million or more!
Coming Soon
269 Galapago Street, Denver—2 bed/2 bath, $179,900
Just Listed
948 Locust Street, Denver—6 bed/5 bath, $749,900
594 Chandelle Road, Castle Rock—4 bed/4 bath, $695,000
1725 Wild Rye Court, Castle Rock – 5 bed/3 bath, $374,000
16140 Martingale Drive W, Parker—3 bed/3 bath, $239,900
11627 W Bowles Circle, Littleton—4 bed/2 bath, $219,900
17139 E Neu Towne Parkway, Parker—3 bed/3 bath, $219,000
Price Reduced
9221 Weeping Willow Court, Highlands Ranch—4 bed/3 bath, $229,000
10208 Cherryhurst Lane, Highlands Ranch—3 bed/3 bath, $256,900
3435 S Ammons Street, #30-6, Lakewood—2 bed/3 bath, $169,900
23662 E Chenango Place, Aurora—2 bed/2 bath, $264,900
3100 Huron Street-2D, Denver—2 bed/2 bath, $309,000
2232 E 100th Place, Thornton—5 bed/4 bath, $289,900
1322 Beth Lane, Northglenn—3 bed/4 bath, $209,900
9095 Renoir Drive, Littleton—3 bed/3 bath, $254,900
838 Inca Street, Denver—2 bed/2 bath, $175,000
There is life after the tax credit. I will prove it! Stay tuned for more updates as we continue to come out of the Great Recession together!
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