The City and County of Denver is divided into five MLS segments: the downtown Denver condominiums, northeast Denver, southeast Denver, southwest Denver, and northwest Denver. Each market segment behaves differently but these graphs illustrate the impact of the tax credit and the effect of the expiration. The under contract count surges through April of 2010, then plunges in May and June.
The northeast Denver (DNE) and southwest Denver (DSW) areas experienced a wave of increased sales activity from late 2007 through late 2008 as foreclosures were absorbed by the market.
This analysis focuses only on the City and County of Denver, but a similar phenomenon is seen throughout most of the suburban Denver metro markets.
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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.
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