Get the Data!
Our resident data-geek, (aka, Wendy Hession!), has been crunching the numbers and this year’s market report is hot off the press!
The number of active listings in Denver has been declining since the 2010 peak (down about 80% in the past 4 years) while sales have continued to increase (up over 30% during the same period). This imbalance has finally begun to suppress sales. Despite continued high buyer demand, sales were up only 2% for the year after two consecutive years of +/-15% annual growth.
The S&P Case-Shiller Composite Home Price Index is widely used to compare home price trends across major cities throughout the US. The Denver Metro Area has had relatively tempered ups and downs relative to the rest of the country and 35 months of consistent price appreciation. Over the past year, however, prices have increased at a decreasing rate (with a slight up-tick at the end of 2014) but are still running at an historically high rate of around 7%.
While it’s important to understand city-wide real estate trends, it’s even more important to understand what is happening in your own Denver neighborhood. That is why we have created and continue to maintain neighborhood market reports. Unlike other neighborhood market reports that are typically zip-code based, our market reports are truly reflective of your neighborhood because they are map-based. Below is a summary of many neighborhoods in central Denver as well as few areas outside of the city. Detailed reports are available upon request for any and all Denver neighborhoods! Please contact us and let us know what reports we can send you!
Click here to read an analysis of the data and a summary of our thoughts!
- Transformation in Curtis Park!
- Mayfair Rental Available July 1st!
- Cool View of Denver’s Future Skyline
- The Effect of Denver’s Diversifying Economy
- Highland Home Available for Month-to-Month Rent!
- Time to Schedule Winterizations!
- Why is Staging Important?
- Understanding the Numbers
- Get the Data!
- 2014 Red Door Spring Fling!