Jim Renshaw » Real Estate Stats

June 2010 – Real Estate Update

Jim Renshaw — Fri, 09 Jul 2010 16:30:21 +0000

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)

To review detailed real estate reports on a specific area please see document below.

June 2010 – Greater Denver Real Estate Market Update

Under Contract Surge in April – Up 27%

Jim Renshaw — Wed, 05 May 2010 23:09:45 +0000

The greater Denver residential home market experienced a surge of properties going under contract during the month of April 2010. 5,005 single family homes when under contract in April compared to 3,090 a year ago. The 27% year over year increase is due in large part to the expiration of the home buyer tax credit which ended on April 30th.

Based on Information from Metrolist, Inc. for the period Jan 2002 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.

Inventory Levels off 13% in Denver Metro Area – Jan 2010

Jim Renshaw — Wed, 10 Feb 2010 14:06:11 +0000

Inventory levels (number of active homes on the market) continues to trend downward with January 2010 posting 13.4% fewer homes on the market than this time last year. You can really see the trend by comparing the level of listing inventory in January 2008 with 18,716 homes on the market to January 2010 with 13,030 homes on the market a 34% decrease.

Average Sale Price & Listing Inventory Levels

Jim Renshaw — Fri, 08 Jan 2010 21:26:50 +0000

Trend – Increase in average residential sold price

The average sale price has been slowly increasing in the overall Denver real estate market. September of 2009 was the first month that reversed the downward trend of decreasing sales price and since then we have had 4 straight months of increases in average sale price over the same period in 2008. December of this year posted a 17% increase in average sold price over the same time last year. I think this trend will continue and we will see a steady increase in average sold price for most of 2010. I believe this is being fueled by a very low supply of homes on the market.

Average Home Prices for Denver Colorado

In December of 2009 there where a total of 12,263 single family homes on the market. This is 5,846 fewer homes on the market than in December of 2006. In the greater Denver metro area we usually see a bell shaped graph with fewer listing at the beginning and end of the year but 2009 was flat. September of 2009 started a trend of decreasing inventory and in my opinion could fuel home appreciation for this year.

Trend – Decrease in residential inventory levels

What do you think? Click Here to add your comments and lets have a discussion!

Based on Information from Metrolist, Inc. for the period Jan 2008 through present.Metrolist, Inc. 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.

Castle Rock Real Estate Summary for 2009

Jim Renshaw — Fri, 08 Jan 2010 20:44:06 +0000

Castle Rock ended a difficult real estate year with 125 fewer single family homes closed than in 2008. Residential sales volume for single family homes totaled $408,606,090 for 2009 a 17% reduction in total volume over 2008. It took the average home 13 days longer to sell in 2009 a 12% increase over 2008. Average sold price for a single family home in Castle Rock slipped to $385,504 a decrease of 7% over 2008. Castle Rock saw the largest percentage drop in closing in the over $1 million price range with 23 homes selling above $1 million a reduction of 59% or 33 fewer home sales.

	2008	2009	% Change
Sold	1,193	1,068	-10.5%
Total Sales Volume	492,451,023	408,606,090	-17.0%
Avg Days on Market	109	122	11.9%
Median Sale Price	322,000	315,000	-2.2%
Avg Sale Price	415,585	385,504	-7.2%

Castle Rock Real Estate Summary 2009 - Residential only

New Interactive Charts for Douglas County West

Jim Renshaw — Sat, 29 Aug 2009 18:29:46 +0000

I’ve created interactive charts on my blog that will give you great insight into the current market conditions for Douglas County West (DCW). You can use these interactive charts to find listing inventory, average sale price and number of closed residential homes by month going all the way back to 2006. Please let me know what you think of this new format by adding a comment in this site below. Thanks.

**There is a bug with Internet Explorer (IE) not displaying charts. You must use FireFox for the charts to display correctly. I will keep you updated when bug is fixed.**

Inventory Levels (DCW)

Number of Home Sales (DCW)

Average Sale Price (DCW)

Based on Information from Metrolist, Inc. for the period Jan 2006 through present.Metrolist, Inc. 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.