Market Trends

Colorado Real Estate Trends ©

The following graphs and commentary are intended give the reader insight into the residential real estate market trends in southeast Denver in terms of list and sales price trends, average marketing times, and supply and demand trends. Southeast Denver is the portion of the City and County of Denver south of Ellsworth Ave. and east of Broadway.

How to read the graph:

Blue vertical bars represent the average number of days on the market for the sales each month. The average days on the market trend is represented by a red line on the right axis.

What this means:

The sales and list price trends remain are closely correlated, but are slightly expanding. The expansion between the two indicates sellers are willing to accept greater discounts from the list prices. The average number of days on the market is well over 90 days. The seasonal nature of the market is clearly evident through the 2005-2007 time frame with the shortest average marketing times occurring during the warmer months.

The next graph shows the supply and demand trends in the same market segment. The inventory level is nearing the upper range of historic levels after reaching levels of eight to twelve months of housing supply.

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 the last three months showed increased sales activity over the same three months of 2008.

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

If in-depth real estate market analysis is important to your decision to engage an appraiser, as a homeowner, investor, lender, or for forensic review, call 303-816-1721. Appraisal services include date of death valuations for estates, pre-listing, divorce, FHA and conventional mortgage lending.

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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.

Today we look at the residential real estate market trends in southwest Denver (DSW).  Southwest Denver is the portion of the City and County of Denver south of Ellsworth Ave. and west of Broadway.

Foreclosure activity severely impacted the area over the past couple years. This graph shows the number of bank owned sales per month in southwest Denver (DSW) as reported in the Denver Metrolist. Reading further below we see a correlation between absorption of the real estate owned (REO) sales and the stabilization of the market.