The numbers have been released --- FEBRUARY was a hit! The sales for February 2009 was up 29.07% over February 2008 sales! The sales were primarily in the $100,000 - $200,000 sales, which indicates our first time homebuyers are jumping into the market, or investors are feeling this is a good market to invest.
The median sales price increased 6.6% over last year's median price - which means our market is starting to show increasing values again.
Metro Denver has had a "condo glut" over the last few years, which has slowed sales in that price range, but with the first time homebuyers taking advantage of the $8000 tax credit, there is renewed interest in this arena.
Days on market for condos are now 106 days, which is down 2.75% from February and down 10.17% over March sales 2008. Single detached family homes have not changed for days on market.
High end properties are starting move again also. 29 properties were sold in March that sold for more than $1 million, compared to other months in the last year, which were all under 20.
Joan Cox, GRI,ABR,CRS,e-Pro
Metro Brokers - Turning Point RE, Inc.
720-231-6373
www.JoanCox.com
About Me
- Joan Cox
- Denver, Colorado, United States
- With 13 years in real estate, I specialize in relocation, new construction, investor purchases, first time homebuyers and sellers. Ask me about my web site! Call today - 720-231-6373 In August 2009 I opened MY OWN Metro Brokers office in the Tech Center.
