Nov 30, 2011

In this month's "What's Selling By Price Range" report, Metro Denver market activity is very similar to last month, with a majority of home sales being concentrated in the $100,000 to $300,000 price ranges.  This is also true for condos, lofts, and townhomes, with over 80% of sales occuring below $300,000.   

One subtle difference that you may notice is that sales of single family homes in the upper price ranges are gradually creeping upward, while lower price ranges have lost some ground.  This is a good sign, and may signal recovery in the move-up sector, which will steer us towards a healthier Metro Denver real estate market.    

Metro Denver home and condo sales by price range, are shown below.  You're now able to compare the "hottest selling price range" from one month to the next, with the new side-by-side columns I've added. 

SINGLE FAMILY HOME SALES BY PRICE RANGE - METRO DENVER

CONDO, TOWNHOME, LOFTS SALES - METRO DENVER

These charts will give you a better understanding of the dynamics behind the Metro Denver real estate market.  Regardless of the price range though, every home transaction is unique and can result in vastly different results than what you might expect from the graphs, above.  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 November 12, 2011.  Data provided by Metrolist.

 

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