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 […]
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, 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.
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 […]
(Exclusive to All Denver Real Estate – Ed: Case-Shiller has already reported that Denver home prices dropped the least of all national real estate markets in October. But, October is their latest data set. Here our own Lon Welsh shows that there is more evidence that prices are turning upward and reversing their downward trend. […]
By Lon Welsh, Real Estate Market Statistician Are Buyers Still Getting Discounts When They Buy a House? After all, everyone believes even Denver is a Buyer’s Market. Actually, it depends on what sort of house Buyers are purchasing. Non-distress sales are those being sold by traditional sellers. In the last few months, the average discount […]
by Lon Welsh, Your Castle Real Estate Supply and demand rules every market including real estate. Too often, we only discuss the demand for homes. How many homes sell every month is important. But, equally important is how many homes are for sale in proportion to how many sell. That ultimately determines the direction of […]