The following charts illustrate the supply and demand trends of residential real estate in the City and County of Denver, Colorado. The source of this data is the Denver Metrolist and it excludes condominiums. Value trends are not included in these graphs.
Vertical bars represent the monthly volume of sales (demand) and the blue line 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. This graph is intended to give the reader a macro view of the supply and demand trends. Further below, each of the four sectors of the Denver market are represented. The market performance of each of the four quadrants varies from the whole and within each quadrant there are several submarkets with varying performance. The four sectors are divided by Broadway being the east/west axis and Ellsworth Ave. as the north/south axis.
If in-depth real estate market analysis is important to your decision as a homeowner, investor, lender, or forensic review, call 303-816-1721.
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.
The chart below illustrates the supply and demand trends 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 properties with Littleton and Morrison mailing addresses.
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 illustrates the residential single family market trend in the North Suburban Central (NSC) market segment of the Denver Metrolist from September 2005 through September 2008. The NSC area is bounded by I-25 to the west, the S. Platte River to the east, the Denver/Adams county line to the south, and 144th Ave. to the north. This area generally includes the portion of Northglenn east of I-25, Thornton, and portions of unincorporated Adams County.
The graph is intended to give the reader a macro view of single family housing trends in this area. There are submarkets contained in this graph with varying performance.
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 trending downward. The days on the market is shown with a red trend line on the right axis. The average marketing times are between 90 and 180 days. Summer months typically see shorter marketing times and the winter months experience extended marketing times.
The next graph charts the sales per month. The monthly sales trend is increasing over the previous two years. The third graph shows the inventory has decreased significantly since the first of the year. Sales are up and inventory is down – could these be indicators of an approaching bottom in the housing market? Nobody can know, but it’s an area of suburban Denver to watch.
Need to order an appraisal from a knowledgeable appraiser? Order an Appraisal
Centennial Appraisal Group, Inc. provides residential real estate appraisal, trend analysis, and consulting services in the Denver area.
www.CentennialAppraisalGroup.com
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.
www.CentennialAppraisalGroup.com 303-816-1721 ph.
The graph below illustrates the single family residential real estate market trend in Conifer, Colorado from December 2004 through August 2008.
The list price and sales price trends are represented by the dark blue and pink lines on the left axis. Average sales prices in terms of price per finished square foot are declining. The graph is intended to give the reader a macro view of single family housing trends in Bailey, Colorado. There are 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 overall trend in marketing times is under 180 days. Typically in this market the winter months see extended marketing times and conversely, shorter times during summer and early fall months.
Custom market studies are available for forensic review, risk management, and investors.
The chart below shows the single family home sales trend in Bailey, CO in terms of the number of sales per month. The rate of sales per month is declining indicating the market is losing momentum.
Centennial Appraisal Group, Inc. provides residential real estate appraisal, trend analysis, and consulting services. www.CentennialAppraisalGroup.com 303-816-1721 ph.
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.
The list price and sales price trends are represented by the dark blue and pink lines on the left axis. Average sales prices in terms of price per finished square foot are declining. The graph is intended to give the reader a macro view of single family housing trends in Conifer, Colorado. There are 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 for the month of August was skewed upwards by one sale reported as a closed sale after 1466 days on market. The overall trend is marketing times under 180 days.
The chart below shows the single family home sales trend in Conifer, CO in terms of the number of sales per month. The rate of sales per month is declining indicating the market is losing momentum.
The graph below illustrates the townhome and condominium sales trend in Breckenridge from September 1992 through late-August 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 are beginning to separate indicating sellers are more willing to accept lower offers. The average sale prices in terms of price per square foot appears to be at the crest of the curve. This graph is intended to give the reader a macro view of the market. There are 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 currently under 180 days.
The graph below illustrates the single family residential real estate market trend in Jefferson and Como, Colorado from December 2004 through August 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 finished square foot are fairly stable thus far. However the days on the market trend is increasing and numbers of sales as seen in the second chart are declining. In other markets, these factors were precursors to measurably declining values. The graph is intended to give the reader a macro view of single family housing trends in Jefferson and Como, Colorado. There are 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 increasing and are well over 180 days.
The next chart shows the quarterly sales trend. The third and fourth quarters of 2007 and the first and second quarters of 2008 are off from previous years indicating the market is losing some momentum.
The graph below illustrates the single family residential real estate market trend in Westminster, Colorado from June 2005 through July 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 declining. The graph is intended to give the reader a macro view of single family housing trends in Westminster, Colorado. There are submarkets contained in this graph with varying performance.
Custom market studies are available for forensic review, risk management, investors, and developers.
The days on the market is shown with a red trend line on the right axis. The average marketing times are currently over 100 days.
The graph below illustrates the single family residential real estate market trend in Wheat Ridge, Colorado from February 2005 through July 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 fairly stable. The graph is intended to give the reader a macro view of single family housing trends in Wheat Ridge, Colorado. There are 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 currently just over 90 days.
Staff Profiles | Contact Us | Appraisal Info | "Appraisal Scoop" Blog | Login/Order Status | Order an Appraisal | Download Adobe Acrobat | Tell a Friend | Services | Home | Site Map | Our Service Area | Market Trends Blog | Chance to win $1000!
Copyright © 2008 Centennial Appraisal Group, Inc.Portions Copyright © 2008 a la mode, inc.Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map