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.
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Centennial Appraisal Group, Inc. provides residential real estate appraisal, trend analysis, and consulting services. www.CentennialAppraisalGroup.com 303-816-1721 ph.
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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.
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.
The graph below illustrates the single family residential real estate market trend in Lakewood, 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 are widening slightly indicating sellers are accepting lower offers from their list prices. Average sales prices in terms of price per square foot are trending downward.
The graph is intended to give the reader a macro view of single family housing trends in Lakewood, 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 near 90 days.
Custom market studies are available for forensic review, risk management , investors, and developers.
The graph below illustrates the single family residential real estate market trend in Centennial, Colorado.
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 pretty darn stable. However, the graph is intended to give the reader a macro view of single family housing trends in Centennial, Colorado, which encompasses a very large area. It is important to understand, 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 have hovered around 90 days for the past couple of years. However, the seasonal nature of the market is evident with winter months experiencing longer marketing times and conversely, shorter times during the summer months.
Centennial Appraisal Group, Inc. provides residential real estate appraisal, trend analysis, and consulting services.
www.CentennialAppraisalGroup.com
303-816-1721 ph.
The graph below illustrates the single family residential real estate market trend in Englewood, Colorado.
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 graph is intended to give the reader a macro view of single family housing trends in Englewood. There are submarkets contained in this graph with varying performance. Custom market studies are available.
The days on the market is shown with a red trend line on the right axis. The average marketing times increased steadily over the past several months to about 90 days.
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 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.
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.
The chart below illustrates the single family residential real estate market trend in the Jefferson County Central (JFC) market segment of the Denver Metrolist. This area includes the portion of Wheat Ridge, CO south of I-70, and the northern portion of Lakewood, CO north of Sixth Ave. The area is bordered on the east by Sheridan Blvd, and Simms 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 appear fairly stable near the 100 day mark over the last several 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 have slightly separated, but remain closely correlated. The seasonal nature of the market is evident with the shortest marketing times occurring during the summer months.
The next chart shows the quarterly sales trend. The second and third quarters usually account for the greatest volume of sales each year. The 2008 second quarter sales are lower than the same quarter for 2006 and 2007 indicating the market is losing some momentum.
The chart below illustrates the market trend in the Jefferson County South (JFS) market segment of the Denver Metrolist. The area includes a portion of Jefferson County Colorado south of Highway 285, east of the geological feature known as “the hogback”, north of the Jefferson/Douglas county line, and west of the Denver and Arapahoe county lines.
The days on the market is shown with a red trend line on the right axis. Marketing times have lengthened slightly over the past years but appear fairly stable over the year. The list price and sales price trends in the dark blue and pink lines on the left axis. Sales prices are fairly stable in this area. There are submarkets contained in this data with varying performance. Some areas are doing better than others. 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
The sales per quarter trend are trending downward indicating the market is loosing some momentum. The number of sales for the second quarter of 2008 is lower than the same quarter in the previous three years.
www.CentennialAppraisalGroup.com 303-816-1721 ph.
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