Lone Tree CO Real Estate - Quarterly Report 3rd Q 08 - $700,000 to 1 million

Lone Tree CO Real Estate - Quarterly Report
 for homes sold from $700,000 to one million

In the third quarter of 08 you can see slight decline on all areas compared to the second quarter.

Quarterly Numbers
4th quarter 2007 - 3rd quarter 2008

  Q4 Q1 Q2 Q3
Days on Market (DOM) 152 248 185 205
DOM range - low to high 14-425 39-465 8-365 40-456
% Difference List vs. Sold 86.3% 88.6% 88.4% 87.6%
% difference - low to high 69.3-96.6% 73.6-100% 76-98.6% 73.2-95.6%
Average Price/square foot $221 $227 $220 $209
price/sf - low to high $181-$253 $198-$275 $178-$273 $178-$273

What kind of houses can you buy for 70% of the listing price? The ones that have been on the market for a long time. The percentage is from the original list price, which could have been much higher than estimated market value. After several hundred days on the market, the originally overpriced home/s are finally at or below market value.
Which homes sell for full price or near full price? The homes that are priced correctly. There are other factors that are important as well, such as condition and location of the home, etc.


Homes for sale in Lone Tree CO

Contact Kenna and CO. Broker Brian Burke Denver CO Luxury Real Estate, via e-mail or by phone to inquire about selling or buying a home in Lone Tree.
Brian direct number 303.710.2609. Brian@KennaRealEstate.com

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*Disclaimer: Data based on information from Metrolist, Inc. for period of 10/1/2007 through 11/17/2008. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. "The astrisked(*) properties were listed and/or sold by other companies. Information is deemed reliable but not guaranteed.

Disclaimer: Kenna and Co. Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied. Blog posts on the Kenna and Co. Blog represent the opinions and ideas of the author(s). Kenna and Co. Blog does not express the views of Kenna and Co. or those of the broker.

Copyright 2008-2012.© Kenna and Real Estate Brian Burke. All Rights Reserved. Nov 19th 2008. "Lone Tree CO Real Estate - Quarterly Report Q3 - 08 / $700,000 to 1 million"

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