New Home Upside

.08% Gain in Metro Denver Home Prices

The Denver Post found some good news to report about the most recent figures released by Standard & Poors this week. Well done!

Home Value Decline is Slowing

The Standard & Poors⁄Case-Schiller home price index was released today. Although Denver saw some price decline, it was one of the lowest in the country (3rd) and our month-over-month (March to April) change was positive. There will be other "takes" on this report in the coming weeks as it pertains to the rest of the country, but for Denver, the news is positive!

Denver One of Best Markets for Real Estate Bargains

Fortune Magazine has named Denver one of the top 6 markets in the country for finding real estate bargains.  Now more than ever is the time to buy!

Do less days to sell mean a market turnaround for Denver?

History tends to repeat itself, especially when it comes to market cycles. This Denver Post article suggests the shortening average "days on the market" for resale homes could be the precursor to home price escallation.

Home Values Rise Faster in Lowry

A recent study, released by The Genesis Group, an Englewood based research firm, showed that both single-family homes and attached housing such as condos and townhomes at Lowry appreciated more than those in comparable Denver neighborhoods from 2000 through 2007.

While Lowry's East Park neighbhorhood is in full swing, a mid-rise loft community, Luce, is underway in the community's Town Center.  With existing amenities, including a grocery store, several restaurants, boutique shops and the outdoor recreation available within Lowry, this is a good opportunity to explore.

May Home Sales Velocity Up from April

Even though median sales prices of condos and houses have dropped overall between May 2007 and May 2008, sales are actually up from April's pace 3.84% and 10.86% respectively.  According to this article, as we move into the hot summer selling season, home sales are increasing and prices are rising!

Denver - Returning to a "Normal" Market

The continued drop in available home inventory is helping the Denver market return to “normal.”  A recent report indicated that there is just over seven months of supply available in the seven county Denver-Boulder area.  A buyer’s market appears if supply is an excess of 8 months, and a seller’s market is when supply is less than 6 months.