Just Listed 110 – 112 S. Lafayette Street for $575,000
Exciting New Listing Coming Soon in Wash Park
Vintage 2 Bedroom, 2 bath bungalow at 736 S. High St. in the heart of East Wash Park will be listed for its single lot value at $370,000. The home features a full basement, 1083 Sq Ft each floor…the Estate sale last weekend was a huge success and I expect this value priced home to sell quickly!
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Comparing Denver Real Estate Statistics from 2005 to 2010
Following is an overview of Denver real estate activity from 2005 to 2010 and some interesting predictions for 2011.
The number of closed single-family properties has decreased 25.6 percent from 2005. There were 463 single-family homes closed in 2010 priced above $1 million in the entire metro Denver area, which represents 1.5 percent of all single-family sales.
The average price of a home in the metro Denver area in 2005 was $307,529 compared to $282,080 in More...
Metro Denver Home Prices on the Rise
Metro Denver Home Prices on the Rise
Denver real estate appears to be making a comeback. According to published reports, the median sale price for single-family homes in metro Denver rose 7.3 percent last year to $235,000. Condominium sale prices rose slightly from $135,000 to $136,000.
The 2010 price rise in single-family homes occurred even as the number of sales declined from 2009. For the month of December 2010, homes listed for sale totaled 18,867, More...
Metro Denver Housing Market Poised for Rebound in 2011
Metro Denver Housing Market Poised for Rebound in 2011
What goes around comes around. Projections for metro Denver’s housing market in 2011 are reminiscent of the market in 1989. Twenty-two years ago, the Denver housing market was still reeling from the collapse of the energy markets and overbuilding as a result of oil prices hitting $65 a barrel. When oil prices collapsed to around $12, the housing market collapsed as well.
The Denver area was More...
Denver Area Commercial Real Estate Investing on the Rise
Denver Area Commercial Real Estate Investing on the Rise
The Denver Post reported on December 26th that investment in commercial real estate in metro Denver more than doubled in 2010 over last year. In a report by Margaret Jackson, investors have spent $1.01 billion on 54 office, retail and industrial properties versus $448 million on 30 transactions in 2009.
Denver has consistently been in the top 10 markets for preferred investment, according to one More...
Home Resales Increase in November
Home Resales Increase in November
The Associated Press reported on December 23rd that more people bought previously owned homes in November, the third increase in four months after one of the worst summers in more than a decade.
Buyers bought homes at a seasonally adjusted annual rate of 4.68 million, according to the National Association of Realtors. However, economists say it could take at least two years or longer to return to a more normal level for sales More...
Pending Home Sales Increase in October
Pending Home Sales Increase in October
A recent analysis of pending sales of homes rose 10.4 percent in October due to attractive housing affordability conditions, according to an article in the Denver Post. However, activity needs further improvement to reach a healthy level, according to the National Association of Realtors (NAR).
The NAR’s pending home sales index rose to 89.3 in October from 80.9 in September. The 10.4 percent gain is the largest on More...
Mortgage Bailout Tab May Hit $259 Billion
Mortgage Bailout Tab May Hit $259 Billion
The Denver Post reported on October 22nd that the government projects that the expensive bailout of Fannie Mae and Freddie Mac will cost the taxpayers as much as $259 billion. That figure would be nearly twice the amount Fannie and Freddie have received so far. To date, the rescue of the two companies has cost taxpayers $135 billion to the Treasury Department as dividends.
By contrast, according to the Post article More...
Home Prices in Denver Area Drop 1.2 Percent in August Compared to 2009
Home Prices in Denver Area Drop 1.2 Percent in August Compared to 2009
Home prices in the Denver area dropped 1.2 percent in August from the same period last year, according to the latest S&P/Case-Shiller Home Price Index released on October 26th. According to an article in the Denver Business Journal (DBJ), it was only the second time since last October that the closely-watched Case-Shiller report failed to show a year-over-year increase in metro Denver home More...
