What's the market doing in southern Jefferson County?

The chart below illustrates the market trend in the Jefferson County South (JFS) market segment of the Denver Metrolist. The area includes a portion of Jefferson County Colorado south of Highway 285, east of the geological feature known as “the hogback”, north of the Jefferson/Douglas county line, and west of the Denver and Arapahoe county lines.

Residential -

The days on the market trend is shown with a red line on the right axis. Marketing times have lengthened slightly over the past years but appear fairly stable over the year. The list price and sales price trends in the dark blue and pink lines on the left axis. Average sales prices are dipping in this area.  The list price and sales price trend remain closely correlated. The seasonal nature of the market is evident with the shortest marketing times occurring during the summer months

The next graph shows the supply and demand trends in the same market segment. The inventory level has been trending upwards for several months.

The graph below shows the change in the rate of monthly sales compared to the same month a year ago. Overall, the sales activity in this market is slowing.

Condominiums and Townhomes -

The days on the market trend is shown with a red line on the right axis. The average marketing times are fairly stable. The list price and sales price trends are represented by the dark blue and pink lines on the left axis. Average sales prices are dipping in this area.  The list price and sales price trend remain closely correlated.

The next graph shows the supply and demand trends in the same market segment. The inventory level seems to cycle seasonally but remains with historic levels.

The graph below shows the change in the rate of monthly sales compared to the same month a year ago. Overall, the sales activity in this market is slowing.

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

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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 myself.

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.