Jim Renshaw

September posted a 12.5% increase over last year in residential closings taking the streak to 4 months in a row.  Inventory levels are extremely low watch for the supply and demand factor to cause an increase in average sold price going forward.

Here is a bonus graph showing inventory levels and number of closing from 2006 to present.  If you would like this graph for any other mls area please let me know.

Click here for a larger size of this graph

Thank you for your continued support by selecting Land Title for your next real estate closing.

Just a reminder that you can always get the latest real estate stats for any mls area on my web site at JimRenshaw.com. This is link to a click-able metrolist map that has full reports for all areas.

September 2011 – Real Estate Market Update

Entire MLS (all areas)

Residential Highlights

• 12.5% Increase in closed sales year over year
• 33% Decrease in Absorption Rate (5.1 months)
• 28.4% Decrease in active listings (12,613)
• 3.4% Decrease in average sold price ($280,289)

Condo/Townhome Highlights

• 14.1% Increase in closed sales year over year
• 18.7% Increase in averages days on market (127)
• 3.3% Increase in average sold price ($159,980)

Full report of Entire MLS

Douglas County West (DCW)

Residential Highlights

• 12.8% Increase in closed sales year over year
• 17.4% Decrease in active listings (1,004)
• 24.6% Decrease in absorption rate (7.4 months)
• 3.5% Decrease in average sold price ($364,497)

Condo/Townhome Highlights

• 33.3% Decrease in closed sales year to date
• 54% Increase in average days on market (217)
• 16.7% Increase in average sold price ($207,940)

Full report of Douglas County West (DCW)

Residential Highlights

• 9% Decrease in closed sales year over year
• 32.3% Decrease in active listings (780)
• .2% Decrease in average sold price ($336,775)

Condo/Townhome Highlights

• 30% Increase in closed sales year over year
• 10.8%% Decrease in average days on market (74)
• 12% Decrease in average sold price ($126,784)

Full report of Douglas Elbet Parker (DEP)

Residential Highlights

• 7.5% Increase in closed sales year over year
• 33% Increase in average days on market (97)
• 34.5% Decrease in Active Listings (508)
• .2% Increase in average sold price ($362,978)

Condo/Townhome Highlights

• 20.8% Decrease in closed sales year over year
• 56.6% Increase in average days on maket (166)
• 10.7% Decrease in average sold price ($230,605)

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.