Tom Johnson

  • Home
  • Search
    • Advanced Search
    • Map Search
    • Get Property Alerts
    • What’s My Home Worth?
  • Areas
    • Aurora
    • Denver
    • Parker
    • Centennial
  • Featured Properties
  • Blog
  • About
    • About Tom
    • Testimonials
  • Contact

Try Our Property Search

Get Property Alerts

Read Our Blog

What's Your Home Worth

Denver Real Estate Trends, 3rd Quarter 2013

November 20, 2013 By Tom Johnson

Third Quarter Real Estate Market Trends for Denver Metro.

The Denver market has seen strong growth in sales price and volume in 2013.  Previous years saw 2011 as a year of stability and 2012 began the initial recovery of the Denver housing market.  Presently, Inventory is tight and will not get better (from a buyers point of view) until at least the 2nd quarter of 2014.  Denver is currently in a sellers’ market which may drive prices up slightly over the next couple quarters.  We anticipate home prices staying steady and not decline again over the next 3-5 years.   Below is some key statistical data for the last 12 months in the Denver Metro Area:

Average Home Price: 3rd Qtr 2013 vs 3rd Qtr 2012 :  +12%

Months of Inventory (MOI):  10/01/12 – 2.7 MOI

01/01/13 – 1.8 MOI

04/01/13 – 1.5 MOI

07/01/13 – 2.0 MOI

10/01/13 – 1.7 MOI

Number of Homes Sold:  3rd Qtr 2013 vs 3rd Qtr 2012: +25%

For further information please email your requests to tomjohnson@yourcastle.org.  I have more detailed data for several different locations in the metro area.

For a a brief explanation of the above info please watch the 3 minute presentation by Lon Welsh, President of Your Castle Real Estate.

http://www.youtube.com/watch?v=9xk1LyRrO38&feature=youtu.be

 

 

 

Filed Under: Uncategorized

Recent Posts

  • The 4 C’s of Qualifying
  • Why Put More Down
  • Removing a Person from a Mortgage
  • What goes with the house?
  • Instant Buyers Save Time But Cost Money
  • How Pricing Your Home Right Makes a Big Difference
  • Gift the Down Payment
  • Buying a Home Early Can Significantly Increase Future Wealth
  • The Overlooked Financial Advantages of Homeownership
  • Another Source for a Down Payment

Categories

  • 1031 Exchange
  • Aurora Neighborhoods
  • Home Buying
  • Home For Sale
  • Home Improvements
  • Home Maintenance
  • Home Ownership
  • Home Selling
  • Home Value
  • Investment Property
  • Market Information
  • Mortgage
  • Recommendation/Testimonial
  • Taxes
  • Uncategorized
  • VA Loans
  • Email
  • Facebook
  • LinkedIn
  • Twitter
IDX Logo The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO © Real estate listings held by brokers other than {{{account_mls_firm_nm}}} are marked with the IDX Logo. This information is being provided for the consumer's personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. See Disclaimer
Listing Data last updated: 26th February, 2021 04:00 MST
Service by Buying Buddy IDX CRM
Equal Housing
Blue Fire Group    Real Estate Websites
© 2021 Copyright
LAC
My Buying Buddy    Powered By MyBuyingBuddy ®