Jim Renshaw

We are seeing some very positive signs from the real estate market; increase in closed sales, reduction in absorption rate and stable prices.  It’s important to note that we are comparing the sales results to July of 2010 which was right after the end of the first time homebuyer tax credit but it’s still good news!  I think the media will start to pick up on the upswing in the real estate market in the next few weeks and report that the housing market is improving.  This in turn should help the stock market rebound and the rest of the year will be much stronger than second half of 2010.

Entire MLS (all areas)

Residential Highlights

• 17.1% Increase in closed sales year over year
• 17.9% Increase in average days on market (99)
• 22% Decrease in active listings (14,014)
• .5% Increase in average sold price ($298,654)

Condo/Townhome Highlights

• 20.1% Increase in closed sales year over year
• 17.2% Increase in averages days on market (109)
• .7% Decrease in average sold price ($153,058)

Full report of Entire MLS

Douglas County West (DCW)

Residential Highlights

• 19.2% Decrease in closed sales year over year
• 16.6% Decrease in active listings (1,067)
• 12.2% Increase in absorption rate (8.4 months)
• 5.2% Decrease in average sold price ($406,399)

Condo/Townhome Highlights

• 25% Decrease in closed sales year over year
• 60.8% Increase in average days on market (127)
• 20% Decrease in average sold price ($168,658)

Full report of Douglas County West (DCW)

Douglas Elbert Parker (DEP)

Residential Highlights

• 5.1% Increase in closed sales year over year
• 3.8% Decrease in days on market (101)
• 6% Increase in average sold price ($364,041)

Condo/Townhome Highlights

• 0% Change in closed sales year over year
• 3.8%% Decrease in average days on market (100)
• 24% Decrease in average sold price ($124,783)

Full report of Douglas Elbet Parker (DEP)

Douglas Highlands Ranch Lone Tree (DHL)

Residential Highlights

• 36.3% Increase in closed sales year over year
• 16.4% Decrease in average days on market (61)
• 42% Decrease in absorption rate (3.6 months)
• 4.8% Increase in average sold price ($393,129)

Condo/Townhome Highlights

• 17.4% Increase in closed sales year over year
• 18.7% Decrease in aborption rate (4.7 months)
• 10.7% Decrease in average sold price ($209,579)

Full report of Doulgas Highlands Ranch Lone Tree (DHL)

Based on Information from Metrolist, Inc. for the period Jan 2009 through present.Note: This representation is based in whole or in part on data supplied by Metrolist, Inc. Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Data maintained by metrolist, Inc. may not reflect all real estate activity in the market.

Entire MLS (all areas)

Residential Highlights

• 11.2% Decrease in closed sales year over year
• 44% Increase in average days on market (108)
• 14.5% Decrease in active listings (13,958)
• 2.3% Increase in average sold price ($279,443)

Condo/Townhome Highlights

• 26.7% Decrease in closed sales year over year
• 43% Increase in days on market (113)
• 1.6% Increase in average sold price ($160,051)

Full report of Entire MLS

Douglas County West (DCW)

Residential Highlights

• 2.1% Decrease in closed sales year over year
• 8.3% Increase in days on market (131)
• 11.1% Decrease in active listings (1.093)
• 2.6% Increase in average sold price ($391,504)

Condo/Townhome Highlights

• 37.5% Decrease in closed sales year over year
• 22.6% Decrease in average days on market (55)
• 6.3% Increase in average sold price ($173,368)

Full report of Douglas County West (DCW)

Residential Highlights

• 6.2% Increase in closed sales year over year
• 50% Increase in days on market (141)
• .7% Increase in average sold price ($352,371)

Condo/Townhome Highlights

• 6.3% Decrease in closed sales year over year
• 126% Increase in average days on market (136)
• 16% Decrease in average sold price ($114,670)

Full report of Douglas Elbet Parker (DEP)

Residential Highlights

• 6.6% Increase in closed sales year over year
• 19.8% Decrease in absorption rate (3.8)
• 3.7% Increase in average sold price ($356,120)

Condo/Townhome Highlights

• 0% Increase in closed sales year over year
• 20% Decrease in aborption rate (7.2 months)
• 17.2% Increase in average sold price ($248,317)

Full report of Doulgas Highlands Ranch Lone Tree (DHL)

Based on Information from Metrolist, Inc. for the period Jan 2009 through present.Note: This representation is based in whole or in part on data supplied by Metrolist, Inc. Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Data maintained by metrolist, Inc. may not reflect all real estate activity in the market.