Denver Market Report - June 2012

By
Real Estate Broker/Owner with Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# IR40011786

Denver Market Report - June 2012

 

Denver CO

 

The Denver real estate market is enjoying a seller's market in many parts of town, showing less than 90 average days on market .   The inventory was down 39.39% in June for both single detached family homes and multi-family, which is creating multiple offer situations especially with homes showing well and priced correctly.



With multiple offers come some contracts falling out, and homes returning to the market.    With offers increasing above list price buyer feel they paid too much and sellers feel they listed their home too low.      Many times the appraisals will come in lower than contract price.   


Denver Market Report - June 2012

Information courtesy of Metrolist


Homes for sale


Denver active listings are getting showings very quickly once on the market, and getting offers quickly in the lower price points.   If you have thought about putting your home on the market, call me and we can talk about your options!


Of the current active short sale listings (detached homes) from $0-$400K, there are 5428 listings, 3034 available from $401,000-$999,999 and 840 available over $1,000,000+.

Of the current bank owned properties (detached homes) from $0-$400K, there are 288 listings, 40 available from $401,000 to $999,999 and 11 available over $1,000,000.

Of the current short sales properties (detached homes) from $0-$400K, there are 361 listings, from $401,000-$999,999 there are 69 and over $1,000,000 there are 6 available.

All these stats are down over the data from May 2012.


Interest rates are rising, but still low and if you would like to see what properties would fit your criteria, give me a call, or search my web site for your Dream Home.

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Metro Brokers - House to Home, Inc.House to Home

GRI, ABR, CRS, CNE, e-Pro  

Broker/Owner

Joan@JoanCox.com

720-231-6373

 

Denver Real Estate

Homes for Sale in Denver

Neighborhoods in Denver

 
  A Denver Metropolitan Realtor

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Ambassador
857,941
John McCormack
Albuquerque Homes Realty * www.AlbuquerqueHomes.com - Albuquerque, NM
AlbuquerqueHomes.com

Good morning Joan -

An excellent report on the Denver real estate market.  Your area knowledge beams!  Albuquerque and Rio Rancho NM are seeing more of a sellers market also. 

Hope you enjoy a productive week!

Jul 16, 2012 05:33 AM #2
Rainmaker
1,466,667
Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c)
Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Good Morning Joan, The Denver Real Estate market is seeing such a terrific sellers market trend. Maybe it will filter down to all the markets around the country. Good to hear your market is doing well!

Jul 16, 2012 05:52 AM #3
Rainmaker
360,583
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Joan, it sounds like your market in the Denver area is booming!  I was really shocked by how few REOs there are compared to short sales.  Sounds like the lending/real estate professionals have gotten the word out about short sales to the Denver area consumers!

Jul 16, 2012 07:00 AM #4
Rainmaker
305,803
William True
True Sarasota Real Estate - Sarasota, FL
Sarasota Real Estate

Good morning, Joan! Very nice report on the Denver Real Estate Market for the month of June 2012. Wishing you a great day in real estate and more!

Jul 16, 2012 07:21 AM #5
Rainmaker
1,075,278
Ginny Gorman
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Joan, such different markets for sure...I don't know when we will reach a sellers market here...years I believe but I know as the Denver Realtor you are ...you're hopping!

Jul 16, 2012 07:24 AM #6
Rainmaker
959,804
Adrian Willanger
206 909-7536 TheHomeFunnel.com - Seattle, WA
Profit from my two decades of experience

Good Morning Joan, the inventory reduction is huge. We are experiencing the samething in our downtown core areas. Excellent report.

 

Bet

 

Jul 16, 2012 07:46 AM #7
Ambassador
845,316
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I'll send some rain your way, if you will send your market conditions my way. LOL.

Jul 16, 2012 08:24 AM #8
Rainmaker
533,769
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

A great resource for anybody looking for real estate for sale in the Denver, CO marketplace.

Jul 16, 2012 08:26 AM #9
Rainmaker
514,705
Amanda S. Davidson
Living A Dream Real Estate - Alexandria, VA
Your Northern Virginia Realtor

Good Morning Joan- Excellent layout on your Denver market report. Big drop in listings and a great time to sell!

Jul 16, 2012 08:41 AM #10
Rainmaker
1,400,576
Rebecca Gaujot, Realtor®
Coldwell Banker Stuart & Watts Real Estate - Lewisburg, WV
Lewisburg WV Real Estate, Greenbrier County

Joan, you always provide excellent information in your market reports.  Good to see your market doing well...I wish ours was doing better.

Jul 16, 2012 08:48 AM #11
Rainmaker
659,250
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

Always appreciate your expert knowledge of the homes for sale in Denver, CO area.

Jul 16, 2012 09:02 AM #12
Rainmaker
1,374,161
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Joan: This is a good explanation of what the Denver real estate market is doing.

Jul 16, 2012 09:19 AM #13
Rainmaker
698,808
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Joan, very informative market report keeping buyers and sellers up to date. You are the local expert.

Jul 16, 2012 11:48 AM #14
Ambassador
837,825
Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

I don't know about you, but I love being in multiple offer situations again as a listing agent.  The key is "priced right" and Shows well".

Jul 16, 2012 12:02 PM #15
Rainmaker
365,165
Cathy Bureau
www.GreenHomeRealty.com - Alamo Heights, TX
Your Personal Real Estate Concierge

Hi Joan!

Even in the hellish heat you guys are knocking down some deals! Us too! I'm so glad for you. Have a super evening!

Jul 16, 2012 06:19 PM #16
Rainmaker
1,723,788
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
CRB, CRS, CIPS, GRI, SRES, TRC, e-PRO

Joan

The Denver Colorado Real Estate is in great shape.

Good luck and success.

Lou Ludwig

Jul 16, 2012 07:48 PM #17
Rainmaker
606,965
Barbara Altieri
RealtyQuest, Fairfield and New Haven County CT Homes for Sale and Real Estate - Shelton, CT
REALTOR - Fairfield County CT Real Estate

Joan -- Another seller's market report!  I am seeing more and more around the country here on AR.  You wouldn't know it, though, on the national news. Ugh.....

Jul 16, 2012 07:59 PM #18
Ambassador
1,091,787
Joni Staples
Berkshire Hathaway Home Services - Anderson Properties - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

The prices seem to be going up between the listing date and the 90 days on market. At least that is what some of those appraisals seem to be saying! 

Jul 16, 2012 08:08 PM #19
Ambassador
1,476,165
Renée Burrows
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate - Las Vegas, NV
Las Vegas Real Estate Broker - www.urLVhome.com

WOWSER!  Another market where inventory is DWINDLING!  I bet that is keeping you on your toes and busy busy busy!

Jul 17, 2012 10:12 AM #20
Rainmaker
1,421,605
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

So nice to see Denver's market back again.    Now if we can get more sellers to list their homes, our buyers will have more to look at!

Jul 20, 2012 12:09 PM #21
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Rainmaker
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Joan Cox

Denver Real Estate - Selling One Home at a Time
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