Denise Wambsganss
Realtor Your Castle Real Estate

Wednesday, May 26, 2010

Colorado Foreclosures

This article was in the Denver Business Journal and is very interesting to those curious about foreclosure activity here in Colorado:

Friday, May 21, 2010

Metro Denver Rental Information

Headline: Rental information for the Metro Denver, Colorado area

Vacancy rate for small rentals (4 units and below) dropped from 5.5% to 3.1%. If it stays this low we should expect rents to start edging up.

Monday, May 17, 2010

Metro Denver Home Sales

Home Resales
U.S. existing home sales rose 6.8 percent between February and March, according to data from the National
Association of Realtors (NAR). March was the ninth consecutive month in which home sales rose above the yearago
level, and unsold inventory has now declined for 20 consecutive months. While the now-expired homebuyers’
tax credits were a major factor behind recent gains in home sales, NAR economists say stabilizing home values
and gradual improvements in homebuyer confidence will be enough to sustain the housing recovery going
forward. March home sales in each of the four U.S. regions increased from February, and March sales rose over
the year by anywhere from 13.9 percent in the South to 25.4 percent in the Northeast.
The count of Metro Denver existing home sales nearly doubled between February and March as local buyers
rushed to receive tax credits. The March sales total was 12.4 percent higher than the year-ago sales level, and the
month’s brisk activity helped home sales for the entire first quarter rise 2.8 percent above sales from the first
quarter of 2009. Better home sales activity has also contributed to higher home prices. The Metro Denver average
selling price for single-family homes in March was 9.3 percent above the year-ago average, and the average
selling price for condominiums rose four percent over-the-year.

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Wednesday, May 12, 2010

Denver Home Sales for April 2010

Information below based off information from Metro List

DENVER HOME – Denver County had the most home resales in April for the seven-county metro Denver area, but Boulder County had the most sales of $1 million-plus homes, according to Metrolist, INC. Denver County reported 2,844 in total home resales — 2,084 houses and 760 condominiums. Most homes of both types in the county — 1,026 — sold in the $100,000-$200,000 price range that’s attractive to first-time home buyers.

Closed total resales jumped 23.5 percent last month to 4,188 in April 2009, and rose 16.3 percent from March sales.

Home resales, also called existing home sales, are those of properties that have been sold at least once before.

Other April resale data from Metrolist, by county:

• Arapahoe County had the second-highest number of house resales, at 1,781, followed by Adams (1,634), Jefferson (1,602), Douglas (1,282), Boulder (906) and Broomfield (200) counties.

• Arapahoe County also had the second-highest resales of condos, at 706, followed by Jefferson (475), Boulder (389), Adams (268), Douglas (190) and Broomfield (36) counties.

• Most houses in Adams County — 879 — sold in the $100,000-$200,000 price range.

• Highest sales by price range in other counties were: Denver, 749 ($100,000-$200,000); Arapahoe, 628 ($100,000-$200,000); Jefferson, 627 ($200,000-$300,000); Douglas, 512 ($200,000-$300,000); Boulder, 313 ($300,000-$500,000); Broomfield, 77 ($200,000-$300,000).

• Arapahoe County had the most condo sales, by price range, at 303 for condos selling at less than $100,000.

• Other counties’ highest condo sales were in the $100,000-$200,000 price range, including Jefferson (284), Denver (277), Boulder (174), Adams (142), Douglas (97), Broomfield (23).

• Denver County has the most combined home resales through April, at 2,844 (2,084 houses/760 condos).

• Other counties’ year-to-date existing home sales included: Arapahoe, 2,487 (1,781 houses/706 condos); Jefferson, 2,077 (1,602 houses/475 condos); Adams, 1,902 (1,634 houses/268 condos); Douglas, 1,472 (1,282 houses/190 condos); Boulder, 1,295 (906 houses/389 condos); Broomfield, 236 (200 houses/36 condos).