The chart below illustrates the single family residential real estate market trend in the Jefferson County North Central (JNC) market segment of the Denver Metrolist. Approximate boundaries for the area are: 80th Ave. to the north, Sheridan Blvd. to the east, I-70 to the south, and Indiana St. to the west. There are submarkets contained in this graph with varying performance. Some areas are doing better than others.
The days on the market is shown with a red trend line on the right axis. Marketing times were near the 100 day mark for the past several months and dipping slightly in recent months. Sales prices are declining slightly.
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. The seasonal nature of the market is evident with the shortest marketing times occurring during the summer months.
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The next chart shows the quarterly sales trend. The second and third quarters usually account for the greatest volume of sales each year. The second quarter sales for 2008 are lower than the same quarter for 2006 and 2007 indicating the market is losing some momentum.
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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.
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