The Denver real estate experts have been stating that sales are down and the bottom is still ahead of us. I guess they are correct IF they use the anomalous year of 2010, but if I were drawing the trend lines you would see that 2010 should have been the bottom of the market. Why you might ask? The first time buyer incentive skewed the entire year for Denver’s real estate as well as most of the nation. More sales occurred in the early part of the year and the latter part of the year was very sparse. For what it is worth, this trend of increased sales seems to have started in December of 2010.
The other bit that I find interesting is the number of “new” single family listings entering the market continues to shrivel. Back in 2006, 2007, and 2008 it was pretty steady, but then in 2009 and 2011 (2010 was an anomaly) it has really dropped with the fear of the economy. However with this uptick in closed sales, that may be changing in front of your very eyes. Want to know more about Pete Doty? Go to www.denverrelocation.com.
Living in Highlands Ranch the values have been fairly steady mostly due to the demographic nature of the total community. Lone Tree, Cherry Hills Village and Greenwood Village are similar. Other