The Denver real estate market continued to out pace all but 2 of the nations top 20 metro areas in home prices according to the Case-Shiller index released today. It sounds good except that even that resulted in a decrease of 2.5% in average home prices compared to June 2010. So, why can’t I get […]
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.
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 […]
The previous article about shadow inventory data made a good argument that the Denver real estate market can absorb the possible new foreclosures that are on the horizon fairly easily. This graph shows that the numbers of weekly foreclosures that sell at the Public Trustee sales are not increasing yet.
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 […]
by Lon Welsh, Aurora Broker The average home price in Denver declined 3% between 2006 and 2007, from $312K to $303K. The first eleven months of 2008 versus the same period in 2007 declined an additional 13% to $269K. However, there is a lot of variation from one city to the next. The average price […]
“Denver leads the nation in foreclosures”. That’s what several newspaper headlines said recently. “Luxury home sales above $1 million have suffered less in the last year. Those sales are still relatively constant with the prior year.” That’s what I said in a recent editorial. Why are both statements absolutely true?