Denver Market Report Template | Kenna Real Estate

Denver Market Report Template | Kenna Real Estate

Posted by Brian Burke on Sunday, November 8th, 2015 at 12:10pm.

Home Prices in Denver, Co for November 2015


Real estate market data for Denver,Co provided by Brian Burke of Kenna Real Estate Company.

Denver Home Prices

 

We have seen 11 straight months of listing price increases on home prices in Denver and don’t expect things to slow down anytime soon.  If you are considering buying a home you can still find deals on a house in Denver but having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Denver home on which you are making an offer.

If you are interested in how much current inventory is on the market in Denver you can find that information by clicking on the link. Low inventory will suggest that homes are sitting on the market for less time than normal. Currently in this area of Denver, homes have a median time of 43 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get a offer from one of those interested buyers. Low inventory in Denver has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise. 

List PriceActive Listings, Number of
$0 - 50 0
$50 - 75 3
$75 - 100 10
$100 - 150 48
$150 - 200 98
$200 - 250 123
$250 - 300 124
$300 - 350 172
$350 - 400 149
$400 - 450 117
$450 - 500 171
$500 - 600 195
$600 - 700 176
$700 - 800 115
$800 - 900 71
$900 - 1,000 48
$1,000 - 1,250 70
$1,250 - 1,500 57
$1,500 - 1,750 37
$1,750 - 2,000 33
$2,000 - 2,250 7
$2,250 - 2,500 12
$2,500 - 2,750 6
$2,750 - 3,000 4
$3,000+ 16

Denver Real Estate Report Summary


The median list price in November for single family homes in Redmond is $345,000. The list prices increased by 0.84% from the previous month.

The price per square foot for listings in this area is $255.

The median sale price in August for single family homes is $362,881. The sale prices dropped by -0.81% from the previous month.

The price per square foot for sales in this area is $155.


Find Homes for Sale in Denver Co

Visit my website to search for homes in Denver or to be notified when Redmond homes come on the market.

To find out what you home is worth in the current market email me or call 303-955-4220.

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Brian Burke | Broker | ePRO | Expert   | 303.955.4220 Office | 303.710.2609 Direct |  Brian@kennarealestate.com

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