Remember all the stories a few months ago forecasting that Banks would depress real estate prices by listing lots of “Shadow Inventory” in the Denver MLS? While this was true for many large cities in the US, it wasn’t true in the Denver real estate market. First, let’s define Shadow Inventory. Exhibit 1: Shadow Inventory […]
I received a great question on my last article here at All Denver Real Estate Blog. Kristen asked what signs I see, as a statistician, that the Denver real estate market is improving for Denver in-fill markets. For the purposes of her question, fills are generally new homes in older neighborhoods. Kristen wrote: I was […]
As the Broker/Owner of Your Castle Real Estate, I’ve decided to publicly share the encouraging results of January showings on this All Denver Real Estate Blog. Here is the memo, verbatim, that I sent to my associates this week. Granted: January home sales were poor but the sales outlook for the Spring Selling Season is […]
This article will help you understand some important forces that drive local Denver real estate neighborhood real estate prices – and what it might mean for your neighborhood. In April 2010, the number of home S/S (short sales) overtook the number of REO (bank owned) sales.
By Lon Welsh Home showings in Denver dropped dramatically after the expiration of the tax credits on April 30 like they did throughout the country. Only now are we beginning to see some increase in broker showings of our listings. A large outsource vendor for managing showings, the Centralized Showing Service, operates in more than […]
By Lon Welsh, Your Castle Real Estate Denver lofts, condos and town homes have notoriously underperformed the macro Denver real estate market. But, in the first half of 2010 even lagging condos showed signs of rebound as they already have in cities like Washington DC and New Orleans.
Like the rest of the market we study, luxury home prices appear to have stabilized and actually improved somewhat in the second quarter of this year. In fact, sales these homes priced above $460,000 increased 13%. Some Realtors attribute this increase to Denver relocation buyers as well as “move-up” buyers. Why does $460,000 define luxury […]
Lon Welsh is a statistician and Denver real estate Broker By Charles Roberts and Lon Welsh Second Quarter Denver Home Prices The Denver real estate market had a great second quarter. If you compare the twelve months from July 2009 – June 2010 to the twelve months immediately preceding it, the average Denver home price […]
Lon Welsh, Your Castle Real Estate We just finished an analysis of which homes are most likely to sell in the Denver real estate market. We found that overall, 42% of the homes listed between January and September 2009 went on to sell. We didn’t look at more recent listings since it takes many months […]
by Lon Welsh, Owner, Your Castle Real Estate Some real estate experts fear Shadow Inventory will force the housing market into another recession. “Shadow Inventory” refers to foreclosure homes owned by lenders or about to acquired by lenders through foreclosure that have a high likelihood of coming onto the Denver real estate market this year. They […]