Market Trends

Colorado Real Estate Trends ©

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 144^th 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.

If in-depth real estate market analysis is important to your decision as a homeowner, investor, lender, or forensic review, call 303-816-1721.

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

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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.