What's the market doing in southern Aurora, Colorado?

The chart below illustrates the market trend in the South Aurora (AUS) market segment of the Denver Metrolist service. This area included the portion of Aurora south of Ellsworth Ave. The graph is intended to give the reader a macro view of the market. There are submarkets contained in this data with varying performance. Some areas are doing better than others.  

Residential -

The overall trend in the southern portion of Aurora is of declining values, however in recent months the rate of change has slowed. The average days on the market trend is relatively stable near of slightly below 90 days. The seasonal nature of the marketing times is evident with the longest marketing times during the winter months.

The next graph shows the residential supply and demand trends in the portion of Aurora, Colorado south of Ellsworth Ave. The inventory level has generally been dropping through most of 2008.  

This next graph shows the change in the rate of monthly sales compared to the same month a year ago. The sales activity in this market appears to be stabilizing after experiencing more down months in 2006 and 2007 than upward months.

Condominiums and Townhomes -

The overall condominium and townhome sales trend in the southern portion of Aurora is of declining values, however in recent months the rate of change has slowed. The average days on the market trend finished 2008 below 90 days.

 The next graph shows the condominium and townhome supply and demand trends in the portion of Aurora, Colorado south of Ellsworth Ave. The inventory level has generally been dropping through most of 2008.  

The graph below shows the change in the rate of monthly sales compared to the same month a year ago.

If in-depth real estate market analysis is important to your decision as a homeowner, investor, lender, or forensic review, call 303-800-4678. Need to order an appraisal? Order an Appraisal Centennial Appraisal Group, Inc. provides residential real estate appraisal, trend analysis, and consulting services in the Denver and suburban mountain foothills areas. Legal Disclaimer Disclaimers and Acknowledgements The research done to gather the data involves examining thousands of listings. With this much data inaccuracies will occur. Care is taken in gathering and processing the data and information within this report is deemed reliable. IT IS NOT GUARANTEED. The real estate market is cyclical and will have its ups and downs. Past performance cannot determine future performance. This information is offered with the understanding that the author is not engaged in rendering legal, tax or other professional services. If legal, tax or other expert assistance is required, the services of a competent professional are recommended. This is a personal blog reflecting the opinions of its author. Statements on this site do not represent the views or policies of anyone other than me. Investing in real estate is not a get-rich-quick scheme nor is there any guarantee you will make a profit. Every effort has been made to make this report as complete and accurate as possible. However, there may be mistakes. Therefore, this report should be used only as a general guide and not as the ultimate source for making money in real estate.