What's the market doing in Conifer and Pine, Colorado?

Residential -

The chart below illustrates the market trend in the Mountain Conifer Pine (MCP) market segment of the Denver Metrolist. The area primarily includes Conifer and Pine, Colorado, but also has some suburban mountain foothills properties with Littleton and Morrison mailing addresses.

The chart below illustrates the days on the market with a red trend line on the right axis and the list price and sales price trends in the dark blue and pink lines on the left axis. The list price and sales price trend remain closely correlated. The days on the market trend is rising. The seasonal nature of the market is evident as the spring and summer months have the shortest marketing times and the winter months typically have longer marketing times although the summer season in 2008 experiences lengthened average marketing times over recent previous years.

Vertical bars represent the monthly volume of sales (demand) and the line graph represents the inventory levels (supply) by month. Historically this market has seen the greatest sales volume during the summer months and weakest during the winter months. The inventory trend was fairly consistent until late 2006 when it began to experience greater fluctuations. The typical summer sales spike did not materialize in 2008 and inventory levels grew dramatically.

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 although there was a significant uptick in December of 2008.

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Centennial Appraisal Group, Inc. provides residential real estate appraisal, trend analysis, and consulting services in the Denver and suburban mountain foothills areas.

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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.