Denver Real Estate – Social Media Tips for Denver Realtors Social Media

Short sales and bank/government owned sales accounted for 30% of the overall residential sold market in July.  Overall distressed properties have been trending down from a high of 40% in January to a low of 24% in May for 2010. However June and July are seeing a reverse of the downward trend with both months posting an increase in distressed property sales.

Bank owned residential sales have been trending down in 2010 while short sales are increasing in frequency.  The general consensus is that some banks have analyzed the cost of a bank owned sale versus a short sale and are finding that in many cases a short sale is more cost effective.

Government owned home sales are staying fairly consistent and accounted for 6% of the overall sold market.

Distressed Single Family Homes Sales - Denver Colorado 2010

These numbers reflect single family residential homes sales from Jan to July of 2010 for the following counties; Adams, Arapahoe, Douglas, Denver, Elbert and Jefferson.

Based on Information from Metrolist, Inc. for the period Jan 2010 through present.Note: This representation is based in whole or in part on data supplied by 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.

Insight into the real estate market with some great sarcasm.  This is a classic!

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