Archive for the 'Real Estate Market Statistics' Category
I can remember back in 2005 when sales began to slow and prices stabilized then began to decrease. I could tell within 60 days that the market had changed and that we were in a downturn. I had no idea how deep and long it would be, but I knew something had changed. I get the distinct feeling that the real estate market is beginning to change again and this time Read the rest of this entry »
Great news for Real Estate in Highlands Ranch and Lone Tree so far this year. In 2009 there were 110 closed sales from January to February. So far in January and February we have had 167 closed sales in the same time frame according to information in Metrolist. ( A Multiple Listing Service – MLS in the Denver Metro Area ) There are several factors that have contributed to the rapid increase in closed sales. The historically low interest rates combined with government incentives for first time home buyers and move up buyers has helped people get off the fence and into a home. We have also had a relatively mild winter as far as snow goes which makes it easy for us to get out and look at homes.
The Average Sale Price Increased 8.9% over February 2009
Not only were there more sales in the area, but the average sale price also had an upward trend. In 2010 the average sale price was $334,635 compared to $307,185 in February of 2009. One month does not make up a whole year Read the rest of this entry »