June Market Update

Sales are up year to date over last year, days on market is down, and there has been a modest increase in the averages sales price for real estate the Greater Denver area. Here are some highlights and recent industry news.

Residential Highlights:

7% increase in closed sales year to date

19.8% decrease in days on market (81 days)

5.1% increase in absorption rate (5.1 months)

5.7% increase in average sold price ($299,375)

Condo/Townhome Highlights:

14.1% increase in closed sales year over year

10.3% decrease in average days on market (87 days)

5.5% increase in absorption rate (6.2 months)

Industry News:

19% of Denver-Area Employers Plan Q3 Hiring: Nineteen percent of Denver-area employers plan to hire in the third quarter, while 8 percent expect to cut their payrolls, according to a new quarterly survey by Manpower Inc.

Denver is 'Most Improved' U.S. Housing Market, Businessweek Says: Denver is the "most improved U.S. housing market," according to a new report from Bloomberg Businessweek. "In Denver, the economy and employment slowed just as other areas did during the recession, but things appear to be moving in the right direction this year," the report says.

Union Station gets $300 million in funding. Read more here.

4.5 million buys a home with no A/C. Read more here.

Just Listed:

10430 W 44th Ave, Wheat Ridge - 3 beds/3 baths, $269,900

37500 Bluebird Lane, Elizabeth - 4 beds/2.5 baths, $338,900

Price Reduced:

10208 Cherryhurst Lane, Highlands Ranch - 3 bed/3 bath, $253,000

8500 E Jefferson Ave #10-I, Denver - 2 bed/2 bath, $138,900

1754 S Grant St #G2, Denver - 1 bed/1 bath, $109,000

Feel free to contact me any time with questions about any of this information or anything else related to real estate. And enjoy the rest of the summer before school starts back up again!

June Update

Sales are up year to date over last year, days on market is down, and there has been a modest increase in the averages sales price for real estate the Greater Denver area. Here are some highlights and recent industry news.

Residential Highlights:

7% increase in closed sales year to date

19.8% decrease in days on market (81 days)

5.1% increase in absorption rate (5.1 months)

5.7% increase in average sold price ($299,375)

Condo/Townhome Highlights:

14.1% increase in closed sales year over year

10.3% decrease in average days on market (87 days)

5.5% increase in absorption rate (6.2 months)

Industry News:

19% of Denver-Area Employers Plan Q3 Hiring: Nineteen percent of Denver-area employers plan to hire in the third quarter, while 8 percent expect to cut their payrolls, according to a new quarterly survey by Manpower Inc.

Denver is 'Most Improved' U.S. Housing Market, Businessweek Says: Denver is the "most improved U.S. housing market," according to a new report from Bloomberg Businessweek. "In Denver, the economy and employment slowed just as other areas did during the recession, but things appear to be moving in the right direction this year," the report says.

Union Station gets $300 million in funding. Read more here.

4.5 million buys a home with no A/C. Read more here.

Just Listed:

10430 W 44th Ave, Wheat Ridge - 3 beds/3 baths, $269,900

37500 Bluebird Lane, Elizabeth - 4 beds/2.5 baths, $338,900

Price Reduced:

10208 Cherryhurst Lane, Highlands Ranch - 3 bed/3 bath, $253,000

8500 E Jefferson Ave #10-I, Denver - 2 bed/2 bath, $138,900

1754 S Grant St #G2, Denver - 1 bed/1 bath, $109,000

Feel free to contact me any time with questions about any of this information or anything else related to real estate. And enjoy the rest of the summer before school starts back up again!