Denver Condos and Townhomes

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Denver Homes for Sale: Metro Denver Home Prices up in November from Previous Year

Some more good news for Denver homes for sale. Data from November of 2011 and 2010 show that home prices rose year over year. Even more importantly, these statistics included Denver distressed properties as well as standard resale homes (Distressed properties included Denver foreclosures and short sales).

This is in stark contrast to the nationwide data which showed a 4.3 percent year over year decline. Just one more reason to tak all the of the news articles you read on a nation housing crisis with a grain of salt. Denver is performing much better than average.

From The Denver Business Journal:

Home prices in the Denver metro area rose in November 2011 from the same month a year earlier, according to the latest Home Price Index report, issued Monday by CoreLogic Inc.

The report said home prices, including distressed sales, in the Denver-Aurora-Broomfield area were up 1 percent year-over-year in November.

Excluding distressed sales, CoreLogic reported a 1.5 percent year-over-year rise in November.

This is just one more indication that the Denver market is slowly improving. We're not seeing big spikes of improvement, but the market for Denver homes for sale has been gradually improving for many months now.

If you'd like to talk about The Denver market, Denver foreclosures or Denver distressed properties, give our team a call at 303-726-1874.

 

 

 

0 comments • Brian Petrelli - MBA, GRI • January 09 2012 01:08PM

Denver Homes for Sale: Market Considered Strong

Some good news came out at the end of last week for Denver Homes for sale. An article in the Denver Business Journal reported data from Hanley Wood LLC ranking Denver's housing market 10th out of the nation's top 100 cities.

In the report, the executive director reinforced what we've been saying for a while: The Denver housing market is beggining a slow, gradual recovery.

From The Denver Business Journal:

Denver achieved its ranking because its home values are holding steady, its foreclosed-homes inventory is dwindling, and its economy is stronger than most other markets.

“Denver is at the end of a long valley, but there’s still a slow, gradual recovery ahead,” said Jonathan Smoke, executive director of research for Costa Mesa, Calif.-based Hanley Wood. “The good news is, it’s not getting worse. Denver is right at the point of recovery.”

Our team has seen the demand for Denver foreclosures and Denver HUD homes increase drastically over the past few months. Homes priced correctly are moving very fast and when priced aggressively, are resulting in multiple bid situations.

If you are interested in learning more about Denver Homes for sale or the Denver foreclosure market in general, give our team a call at 303-726-1874. Our experts can help educate you and use our experience to help you find and bid on Denver HUD homes.

 

 

 

1 comment • Brian Petrelli - MBA, GRI • October 24 2011 12:11PM

Denver Home Prices up 1.8% in June from 2009

This is good news...

Denver home prices up 1.8% in June from 2009, says Case-Shiller Index

For the eighth month in a row, home prices in the Denver area showed a year-over-year price increase in June, rising 1.8 percent from June 2009, but the pace of yearly price growth has slowed, according to the latest S&P/Case-Shiller Home Prices Index, released Tuesday.

Also, local prices rose 0.7 percent in June from May levels.

But both price increases were below the average for the 20 U.S. cities tracked by the closely-watched Case-Shiller report from Standard & Poor's.

June's year-over-year price increase in Denver was smaller than the 3.6 percent annual rise in May and the 4.4 percent increase in April, which was the largest of the last six months.

Rember, you can seel all Denver HUD Homes and Dever Homes for Sale on our website.

Read more: Denver home prices up 1.8% in June from 2009, says Case-Shiller Index - Denver Business Journal

0 comments • Brian Petrelli - MBA, GRI • September 02 2010 04:29PM