Market Trends

Colorado Real Estate Trends ©

The chart below illustrates the single family residential real estate market trend in the Jefferson County West (JFW) market segment of the Denver Metrolist. This area includes Golden, parts of Lakewood, Morrison, and Arvada, Colorado. This view is intended to give the reader a macro view of the market. There are submarkets contained in this data with varying performance. Some areas and housing segments are doing better than others. The obvious trend in this market segment is slightly increasing residential real estate values. However, the days on the market trend is increasing and the second graph shows the number of sales per quarter is trending downward. The ratio between the list price and sales price is also slightly increasing. These factors may be precursors to declining values.

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The research done to gather the data contained in the graph above 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.

Centennial Appraisal Group, Inc. provides residential real estate appraisal, trend analysis, and consulting services. www.CentennialAppraisalGroup.com 303-816-1721 ph.