July 2011 Fascinating Market Stats!

Out of the 3,082 homes sold in July, here is how everything played out!

Some fascinating market stats:

• For the 2nd month, Denver residential sales topped $1 Billion this July! 
• In July, there were 3,835 homes and condos sold (the count was 3,082 homes not including condos)
• That brings the year-to-date houses/townhomes sold to 22,670. 
• There were 446 homes sold in July in Denver Southeast alone! 
• The average sold price in July was $298,654.
• Of all these bought homes, 10% of them were over $500,000, which means many people are still buying luxury homes!
• The majority of homes bought were in the $200,000- $300,000 price range (28% of the homes sold). 
• 27% of homes sold were in the $110,000-$200,000 price range.
• A surprising 23% of homes were bought in the $300,000- $500,000 price range.   

How are buyers paying for this?

• 47 of buyers used conventional loans.
• 28% used FHA loans.
• 17% used cash to buy the homes.  
• 6% used VA loans. 

Real Estate Agent Bootcamp, 2007

See How YOUR Neighborhood is Doing in this Market!

Here are the new neighborhood price change maps that Your Castle Real Estate puts out. 

Check out what your neighborhood is doing!

Hints: 

~DOM=Average Days on market before the sale

~MOI=Months of inventory - under 6 months is considered a seller's market. Over 6 months is considered a buyer's market.

~Px Chg= Price Change - whether the neighborhood sold prices went up or down since last year.

~Sold=How many sold in the last 12 months

~Active=How many are for sale now.

Denver:

Broomfield/Westminster:

 

Littleton/Greenwood Village:

 

Lakewood:

 

Highlands Ranch:

 

South Aurora:

 Thornton and Northglenn: