Colorado Real Estate Trends ©

The graph below illustrates the residential condominium market trend in downtown Denver, Colorado from January 2005 through September 2008.

The list price and sales price trends are represented by the dark blue and pink lines on the left axis. The list price and sales price trend remain closely correlated. Average sales prices in terms of price per square foot are beginning to trend downward. The graph is intended to give the reader a macro view of condominium housing trends in downtown Denver, Colorado. There are projects and submarkets contained in this graph with varying performance.

The days on the market is shown with a red trend line on the right axis. The average marketing times are under 180 days.

The next graph charts the sales per month in downtown Denver (DTD). The trend is slipping dramatically indicating the market is slowing.

The last graph shows the inventory trend by month. The monthly inventory of downtown Denver condominiums is growing providing further support of a slowing market.

If knowing this type of real estate market analysis is important to your decision as a homeowner, investor, lender, or for forensic review, please contact Centennial Appraisal Group, Inc. at 303-816-1721.

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Centennial Appraisal Group, Inc. provides residential real estate appraisal, trend analysis, and consulting services in the Denver area.

www.CentennialAppraisalGroup.com 303-816-1721 ph.

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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.