We just received the latest statistics for the third quarter from SMDRA, our local Denver CO real estate board. There aren’t any really big surprises. The report shows the Denver metro real estate market is staying strong and we’re still seeing improvement.
There’s been improvement (since 2011) both in Average Sale Price and Days on Market in the Denver market. (According to a Case-Shiller report, Denver home values increased 10.1% in August, the largest year over year gain since August 2001.
Here’s the Third Quarter Q3 results: (July, August and September 2013)
Days on Market Until Sale
[dropcap]2[/dropcap]011 – 94
2012 – 60
2013 – 35
Average Sale Price
2011 – $305,979
2012 – $330,295
2013 – $362,630
Here’s Year to Date Results (January through September 2013)
Days on Market Until Sale
2011 – 103
2012 – 75
2013 – 46
Average Sale Price
2011 – $298,870
2012 – $320,686
2013 – $353,782
Clearly, Q3 results mirror year to date results. The Denver market has shown steady improvement from 2011 to 2013 and that’s good news for selling a home in Denver! If we can help you with a home price evaluation please call us at 303-523-4364.
About the Author: Ryan Anderson
