July stats from Metrolist shows very hopeful signs of comeback! June's stats actually show signs of normalcy. Sales were equally split between lower priced homes and larger more expensive homes.
In early 2009, most homes sold were first time home buyers enjoying the $8000 stimulus benefit. Bank owned, HUD homes and distressed properties were moving very fast.
June's sales increased 15.4% over the previous month's sales. Condo sales are on the rise also, showing a small percentage of increase over May. Average sales price has risen 6.34% from $243,022 in May to $258,434 in June 2009. This represents a decrease from June 2008's average of $267,005. Average days on market in June 2008 was 106, and June 2009 day's on market was averaging 104. Average sales price on a condos is $155,753.
I personally have experienced writing many offers in the last few weeks, and having on four separate occasions writing on properties under $350,000 and being in a multiple offer situation. This is good news - showing this market is looking more like a seller's market in this price range.
Joan Cox, GRI,ABR,CRS,e-Pro
Metro Brokers - Turning Point Real Estate, Inc.
720-231-6373
www.JoanCox.com
Joan@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.
