Economic Snapshots and Stats

South Metro Denver Economic Snapshot - April '13

As the Colorado real estate market ramped-up in 2012, one of the issues facing the South Metro Denver real estate market as 2013 began was available inventory of homes for sale when compared to previous years. In March/2012 there were 2266 active single family listings in South Metro Denver. In March/2013 that number was 1333 representing a 41.18% reduction, which was driven by increased buyer activity.

When comparing March/2013 to March/2012, single family home sales are up 24.36% for South Metro Denver. Attached unit sales are up 29.62% for the same time periods. Collectively, those two market segments are up 25.89%.

Below are some sold numbers for single-family homes for various areas throughout South Metro Denver. Information is courtesy of MetroList (Denver Metro MLS).

As spring deals with winter’s last feeble efforts to hang on, this is the scenario that exists across South Metro Denver, the Boulder Valley, Metro Denver, and Northern Colorado – fewer listings and more sales. Combined with low mortgage interest rates the result is a perfect storm, if you’re a seller.

Normally, scarcity creates demand, which in turn adds value to whatever is in short supply. Looking at the South Metro Denver real estate market and average sales value, the average sales value for single family homes year-to-date in March/2012 was $298,463. That number in March/2013 was $331,539, a 11.08% increase year-over-year. 

Look for the South Metro Denver spring real estate market to continue to flourish. Available inventory will creep-up, but will continue to be swept-up by prospective buyers waiting in the wings. Mortgage interest rates have trickled-up over the past few weeks, but there are no signs on the horizon they will shift noticeably either up or down for the balance of 2013.

Mountain Suburbs Economic Snapshot - April '13

As the Colorado real estate market ramped-up in 2012, one of the issues facing the Mountain Suburbs real estate market as 2013 began was available inventory of homes for sale when compared to previous years. In March/2012 there were 510 active single family listings in the Mountain Suburbs. In March/2013 that number was 359 representing a 29.61% reduction, which was driven by increased buyer activity. 

When comparing March/2013 to March/2012, single family home sales are up 36.66% for the Mountain Suburbs.

Below are some sold numbers for single-family homes for various areas throughout the Mountain Suburbs. Information is courtesy of MetroList (Denver Metro MLS).

As spring deals with winter’s last feeble efforts to hang on, this is the scenario that exists across the Mountain Suburbs, the Boulder Valley, Metro Denver, and Northern Colorado – fewer listings and more sales. Combined with low mortgage interest rates the result is a perfect storm, if you’re a seller.

Normally, scarcity creates demand, which in turn adds value to whatever is in short supply. Looking at the Mountain Suburbs real estate market and average sales value, the average sales value for single family homes year-to-date in March/2012 was $328,065. That number in March/2013 was $332,934, a 1.48% increase year-over-year. 

Look for the Mountain Suburbs spring real estate market to continue to thrive. Available inventory will creep-up, but will continue to be swept-up by prospective buyers waiting in the wings. Mortgage interest rates have trickled-up over the past few weeks, but there are no signs on the horizon they will shift noticeably either up or down for the balance of 2013.

Metro Denver Economic Snapshot - April '13

As the Colorado real estate market ramped-up in 2012, one of the issues facing the Metro Denver real estate market as 2013 began was available inventory of homes for sale when compared to previous years. In March/2012 there were 2299 active single family listings in Metro Denver. In March/2013 that number was 1353 representing a 41.14% reduction, which was driven by increased buyer activity.

When comparing March/2013 to March/2012, single family home sales are up 18.03% for Metro Denver. Attached unit sales are up 27.01% for the same time periods. Collectively, those two market segments are up 20.58%.

Below are some sold numbers for single-family homes for various areas throughout Metro Denver. Information is courtesy of MetroList (Denver Metro MLS).

As spring deals with winter’s last feeble efforts to hang on, this is the scenario that exists across Metro Denver, the Boulder Valley, South Metro Denver, and Northern Colorado – fewer listings and more sales. Combined with low mortgage interest rates the result is a perfect storm, if you’re a seller.

Normally, scarcity creates demand, which in turn adds value to whatever is in short supply. Looking at the Metro Denver real estate market and average sales value, the average sales value for single family homes year-to-date in March/2012 was $281,476. That number in March/2013 was $327,571, a 16.37% increase year-over-year. 

Look for the Metro Denver spring real estate market to continue to thrive. Available inventory will creep-up, but will continue to be swept-up by prospective buyers waiting in the wings. Mortgage interest rates have trickled-up over the past few weeks, but there are no signs on the horizon they will shift noticeably either up or down for the balance of 2013.

Jefferson County Economic Snapshot - April '13

As the Colorado real estate market ramped-up in 2012, one of the issues facing the Jefferson County real estate market as 2013 began was available inventory of homes for sale when compared to previous years. In March/2012 there were 648 active single family listings in Jefferson County. In March/2013 that number was 394 representing a 39.20% reduction, which was driven by increased buyer activity. 

When comparing March/2013 to March/2012, single family home sales are up 43.39% for Jefferson County. Attached unit sales are up 15.87% for the same time periods. Collectively, those two market segments are up 38.29%.

Below are some sold numbers for single-family homes and attached units for various areas throughout Jefferson County. Information is courtesy of MetroList (Denver Metro MLS).

As spring deals with winter’s last feeble efforts to hang on, this is the scenario that exists across Jefferson County, the Boulder Valley, Metro Denver, and Northern Colorado – fewer listings and more sales. Combined with low mortgage interest rates the result is a perfect storm, if you’re a seller.

Normally, scarcity creates demand, which in turn adds value to whatever is in short supply. Looking at the Jefferson County real estate market and average sales value, the average sales value for single family homes year-to-date in March/2012 was $255,045. That number in March/2013 was $285,700, a 12.01% increase year-over-year. 

Look for the Jefferson County spring real estate market to continue to flourish. Available inventory will creep-up, but will continue to be swept-up by prospective buyers waiting in the wings. Mortgage interest rates have trickled-up over the past few weeks, but there are no signs on the horizon they will shift noticeably either up or down for the balance of 2013.

Douglas County Economic Snapshot - April '13

As the Colorado real estate market ramped-up in 2012, one of the issues facing the Douglas County real estate market as 2013 began was available inventory of homes for sale when compared to previous years. In March/2012 there were 1678 active single family listings in Douglas County. In March/2013 that number was 1114 representing a 33.62% reduction, which was driven by increased buyer activity.

When comparing March/2013 to March/2012, single family home sales are up 29.77% for Douglas County. Attached unit sales are up 24.61% for the same time periods. Collectively, those two market segments are up 29.21%.

Below are some sold numbers for single-family homes and attached units for various areas throughout Douglas County. Information is courtesy of MetroList (Denver Metro MLS).

As spring deals with winter’s last feeble efforts to hang on, this is the scenario that exists across Douglas County, the Boulder Valley, Metro Denver, and Northern Colorado – fewer listings and more sales. Combined with low mortgage interest rates the result is a perfect storm, if you’re a seller.

Normally, scarcity creates demand, which in turn adds value to whatever is in short supply. Looking at the Douglas County real estate market and average sales value, the average sales value for single family homes year-to-date in March/2012 was $355,156. That number in March/2013 was $377,781, a 6.37% increase year-over-year. 

Look for the Douglas County spring real estate market to continue to flourish. Available inventory will creep-up, but will continue to be swept-up by prospective buyers waiting in the wings. Mortgage interest rates have trickled-up over the past few weeks, but there are no signs on the horizon they will shift noticeably either up or down for the balance of 2013.

Broomfield/Westminster Economic Snapshot - April '13

As the Colorado real estate market ramped-up in 2012, one of the issues facing the Broomfield/Westminster real estate market as 2013 began was available inventory of homes for sale when compared to previous years. In March/2012 there were 680 active single family listings in Broomfield/Westminster. In March/2013 that number was 551 representing a 18.98% reduction, which was driven by increased buyer activity. 

When comparing March/2013 to March/2012, single family home sales are up 22.69% for Broomfield/Westminster. Attached unit sales are up 7.69% for the same time periods. Collectively, those two market segments are up 18.12%.

Below are some sold numbers for single-family homes and attached units for various areas throughout Broomfield/Westminster. Information is courtesy of MetroList (Denver Metro MLS).

As spring deals with winter’s last feeble efforts to hang on, this is the scenario that exists across Broomfield/Westminster, the Boulder Valley, Metro Denver, and Northern Colorado – fewer listings and more sales. Combined with low mortgage interest rates the result is a perfect storm, if you’re a seller.

Normally, scarcity creates demand, which in turn adds value to whatever is in short supply. Looking at the Broomfield/Westminster real estate market and average sales value, the average sales value for single family homes year-to-date in March/2012 was $188,147. That number in March/2013 was $216,376, a 15% increase year-over-year. 

Look for the Broomfield/Westminster spring real estate market to continue to flourish. Available inventory will creep-up, but will continue to be swept-up by prospective buyers waiting in the wings. Mortgage interest rates have trickled-up over the past few weeks, but there are no signs on the horizon they will shift noticeably either up or down for the balance of 2013.

Northern Colorado Economic Snapshot - April '13

As the Colorado real estate market ramped-up in 2012, one of the issues facing the Northern Colorado real estate market as 2013 began was available inventory of homes for sale when compared to previous years. In March/2012 there were 2,334 active single family listings in Northern Colorado. In March/2013 that number was 2,095 representing a 10.24% reduction, which was driven by increased buyer activity.

When comparing March/2013 to March/2012, single family home sales are up 17.52% for Northern Colorado. Attached unit sales are up 11.26% for the same time periods. Collectively, those two market segments are up 16.67%.

Below are some sold numbers for single-family homes and attached units for various geographic areas throughout Northern Colorado. Information is courtesy of IRES (Northern Colorado MLS).

As spring deals with winter’s last feeble efforts to hang on, this is the scenario that exists across Northern Colorado, the Boulder Valley, and Metro Denver – fewer listings and more sales. Combined with low mortgage interest rates the result is a perfect storm, if you’re a seller.

Normally, scarcity creates demand, which in turn adds value to whatever is in short supply. Looking at the areas noted above and average sales value, here is what has happened to the average sales value for single family homes when comparing March/2012 to March/2013: Fort Collins (+3.9%): Greeley/Weld County (+18.3%); Loveland (+8.8%); and Windsor  (+10.17%).  

Look for the Northern Colorado spring real estate market to continue to flourish. Available inventory will creep-up, but will continue to be swept-up by prospective buyers waiting in the wings. Mortgage interest rates have trickled-up over the past few weeks, but there are no signs on the horizon they will shift noticeably either up or down for the balance of 2013.

Aurora Economic Snapshot - April '13

As the Colorado real estate market ramped-up in 2012, one of the issues facing the Aurora real estate market as 2013 began was available inventory of homes for sale when compared to previous years. In March/2012 there were 382 active single family listings in Aurora. In March/2013 that number was 245 representing a 35.87% reduction, which was driven by increased buyer activity.

When comparing March/2013 to March/2012, single family home sales are up 14.21% for Aurora. Attached unit sales are up 11.03% for the same time periods. Collectively, those two market segments are up 13.31%. 

Below are some sold numbers for single-family homes and attached units for various geographic areas throughout Aurora. Information is courtesy of MetroList (Denver Metro MLS).

As spring deals with winter’s last feeble efforts to hang on, this is the scenario that exists across Aurora, the Boulder Valley, Metro Denver, and Northern Colorado – fewer listings and more sales. Combined with low mortgage interest rates the result is a perfect storm, if you’re a seller.

Normally, scarcity creates demand, which in turn adds value to whatever is in short supply. Looking at the Aurora real estate market and average sales value, the average sales value for single family homes year-to-date in March/2012 was $166,916. That number in March/2013 was $201,351, a 20.63% increase year-over-year. 

Look for the Aurora spring real estate market to continue to flourish. Available inventory will creep-up, but will continue to be swept-up by prospective buyers waiting in the wings. Mortgage interest rates have trickled-up over the past few weeks, but there are no signs on the horizon they will shift noticeably either up or down for the balance of 2013.