Jun 13, 2012

In the month of June of 2012, we've seen a majority of Denver-Area home sales concentrated in the $150,000 to $250,000 price ranges (see graphs, below).  If you overlay these graphs with ones from just 6 months ago, it would be obvious that Denver's home sale activity has expanded up from the 150k-200k price range, all the way to $250,000. 


Another positive change for Denver's single-family market is that for price ranges above $250,000, we're seeing ever-increasing activity.  Most of the higher price ranges have picked up a full percentage point or two in the past several months.  On the flip side, homes priced below 150k have seen a drop in sales volume by a similar amount.



SINGLE FAMILY HOME SALES BY PRICE RANGE - METRO DENVER

CONDO, TOWNHOME, LOFTS SALES - METRO DENVER

As far as condos, townhomes, and lofts are concerned, the story is similar.  A majority of sales is still occuring below $200,000, but upper price brackets are seeing more activity, while the very bottom is slowing.

Overall, the expansion of sales transactions in higher price brackets signals a healthy trend.  Move-up buyers are increasingly playing an active role in the Denver market, and as upper-end homes turn over with greater frequency, Denver's real estate market will recover more quickly.

Next week, we'll take a closer look at how Denver's inventory of homes is being absorbed across these same price ranges.

If you're planning on buying or selling a home during 2012, these graphs will be helpful.  Note: Every home transaction is unique and can result in vastly different results than what you can anticipate from the graphs alone.  Results of your own home sales will vary depending on the condition of your property, the location, and the marketing exposure by your real estate professional.

Statistical data sampled on June 1, 2012.  Data provided by Metrolist.  Image Attributions:  None.

Michael Dagner is an expert in Denver-Area home sales. 
Call today, (303) 514-4000, for help with your home sale or purchase.

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