GREATER METRO DENVER REAL ESTATE MARKET STATISTICS
4
Denver Trends 2010 Year-End Analysis GREATER METROPOLITAN DENVER REAL ESTATE MARKET STATISTICS DECEMBER, 2010 YEAR END TRANSACTIONS SINGLE FAMILY 49,313 Single Family properties were placed under contract in ’10 versus 56,174 properties in ’09 ‐ ↓ 12% 38,818 Single Family properties closed in ’10 versus 42,070 properties in ’09 ‐ ↓ 8% YTD closed dollar volume was $9.9 Billion in ’10, ↔ even versus year to date ‘09 RESIDENTIAL 39,200 Residential properties were placed under contract in ’10 versus 44,546 properties in ’09 ‐ ↓ 12% 30,777 Residential properties closed in ’10 versus 33,114 properties in ’09 ‐ ↓ 7% YTD closed dollar volume was $8.6 Billion in ’10, ↔ even versus year to date ‘09 CONDO 10,113 Condo properties were placed under contract in ’10 versus 11,628 properties in ’09 ‐ ↓ 13% 8,041 Condo properties closed in ’10 versus 8,956 properties in ’09 ‐ ↓ 10% YTD closed dollar volume was $1.3 Billion in ’10, ↓ $ 0.1 Billion versus year to date ‘09 INVENTORY Single Family unsold homes on the market at 12/10 of 18,867 units ‐ ↑ 15% from 12/09 Residential unsold homes on the market at 12/10 of 14,450 units ‐ ↑ 18% from 12/09 Condo unsold homes on the market at 12/10 of 4,417 units ‐ ↑ 5% from 12/09 Jim Cimino 303.908.2276 [email protected] www.jimcfidelity.com
-
Upload
lora-stephens -
Category
Documents
-
view
217 -
download
3
description
GREATER METRO DENVER REAL ESTATE MARKET STATISTICS
Transcript of GREATER METRO DENVER REAL ESTATE MARKET STATISTICS
Denver Trends
2010 Year-End Analysis
GREATER METROPOLITAN DENVER REAL ESTATE MARKET STATISTICS
DECEMBER, 2010 YEAR END
TRANSACTIONS
SINGLE FAMILY
49,313 Single Family properties were placed under contract in ’10 versus 56,174 properties in ’09 ‐ ↓ 12%
38,818 Single Family properties closed in ’10 versus 42,070 properties in ’09 ‐ ↓ 8%
YTD closed dollar volume was $9.9 Billion in ’10, ↔ even versus year to date ‘09
RESIDENTIAL
39,200 Residential properties were placed under contract in ’10 versus 44,546 properties in ’09 ‐ ↓ 12%
30,777 Residential properties closed in ’10 versus 33,114 properties in ’09 ‐ ↓ 7%
YTD closed dollar volume was $8.6 Billion in ’10, ↔ even versus year to date ‘09
CONDO
10,113 Condo properties were placed under contract in ’10 versus 11,628 properties in ’09 ‐ ↓ 13%
8,041 Condo properties closed in ’10 versus 8,956 properties in ’09 ‐ ↓ 10%
YTD closed dollar volume was $1.3 Billion in ’10, ↓ $ 0.1 Billion versus year to date ‘09
INVENTORY
Single Family unsold homes on the market at 12/10 of 18,867 units ‐ ↑ 15% from 12/09
Residential unsold homes on the market at 12/10 of 14,450 units ‐ ↑ 18% from 12/09
Condo unsold homes on the market at 12/10 of 4,417 units ‐ ↑ 5% from 12/09
Denver Trends11
,839
,147
31
54
11,000
11,093
0,35
2
0
16,482
20,676
21,623
20,891
23,572
24,534
24,603
19,600
16,456
18,867
Greater Metropolitan Denver Real Estate StatisticsMonth End Inventory ‐ December
11,839
10,147
9,63
1
7,71
1
8,56
9
9,85
4
11,000
11,093
10,352
8,09
7
8,82
0
16,482
20,676
21,623
20,891
23,572
24,534
24,603
19,600
16,456
18,867
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10
Greater Metropolitan Denver Real Estate StatisticsMonth End Inventory ‐ December
© 2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed
7 27,215
30,763
29,703
27,810
29,522
30,981
35,159
35,480
37,012
35,888
36,272
36,677
41,682
41,365
39,208
38,845
37,988
33,114
30,777
25,619
26,410
33,477
38,598
38,072
36,038
38,101
40,185
45,951
46,742
48,611
47,832
47,919
47,966
53,482
53,106
50,244
49,789
47,837
42,070
38,818
20,000
30,000
40,000
50,000
60,000
Greater Metropolitan Denver December Year To Date Closed Transactions
20,464
21,547
27,215
30,763
29,703
27,810
29,522
30,981
35,159
35,480
37,012
35,888
36,272
36,677
41,682
41,365
39,208
38,845
37,988
33,114
30,777
5,15
5
4,86
3
6,26
2
7,83
5
8,36
9
8,22
8
8,57
9
9,20
4
10,792
11,262
11,599
11,944
11,647
11,289
11,800
11,741
11,036
10,944
9,84
9
8,95
6
8,04
1
25,619
26,410
33,477
38,598
38,072
36,038
38,101
40,185
45,951
46,742
48,611
47,832
47,919
47,966
53,482
53,106
50,244
49,789
47,837
42,070
38,818
0
10,000
20,000
30,000
40,000
50,000
60,000
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Greater Metropolitan Denver December Year To Date Closed Transactions
Res Cond Single Family
© 2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed
AVERAGE PRICING
Single Family ↑ 6%, $257,000 versus $242,413
Residential ↑ 7%, $282,080 versus $264,803
Condo ↑1%, $161,005 versus $159,628
MEDIAN PRICING
Residential ↑7%, $235,000 versus $219,000
Condo ↑1%, $136,000 versus $135,000
GENERAL
A review of 2010 versus 2009 provides the following observations:
The inventory of unsold Single Family homes started the year at 16,456 units, peaked at 23,933 units in July, and ended the year at 18,867 units.
Under Contract and Sold units were down 12% and 8% respectively when compared to 2009.
Largest number of Residential and Condo properties sold in price range of $100,000 to $199,999 for 2010.
Million dollar plus homes accounted for 494 Residential closings in ’10 versus 439 in ’09.
Million dollar plus homes accounted for 30 Condo closings in ’10 versus 32 in ’09.
2010 saw several extensions of the First Time Home Buyer Tax Credit which caused a flurry of Under Contract activity in the first four months of the year followed by closings through September, 2010.
2010 saw mortgage interest rates fall to levels never seen for many years.
© 2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed
Denver Trends
8 53
72,215
4,46
0,31
0
$4,779
,902
$4,910
,865
$5,515
,801
$6,180
,791
$7,775
,673
$8,769
,865
$10,55
8,87
7
$11,15
2,51
7
$11,71
3,82
4
$12,16
8,92
9
$14,22
3,03
1
$14,94
0,42
2
$14,51
6,32
1
$14,03
1,63
4
$11,95
4,29
0
$10,19
8,33
3
$9,976
,222
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
Greater Metropolitan Denver December Year To Date Closed Dollar Volume($000's)
Res
Cond
Single Family
$2,411
,638
$2,669
,553
$3,572
,215
$4,460
,310
$4,779
,902
$4,910
,865
$5,515
,801
$6,180
,791
$7,775
,673
$8,769
,865
$10,55
8,87
7
$11,15
2,51
7
$11,71
3,82
4
$12,16
8,92
9
$14,22
3,03
1
$14,94
0,42
2
$14,51
6,32
1
$14,03
1,63
4
$11,95
4,29
0
$10,19
8,33
3
$9,976
,222
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Greater Metropolitan Denver December Year To Date Closed Dollar Volume($000's)
Res
Cond
Single Family
© 2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed
$150,000
$200,000
$250,000
$300,000
$350,000
Greater Metropolitan Denver December Year To Date Average PriceClosed Properties ‐ 1990 to 2010
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10
Greater Metropolitan Denver December Year To Date Average PriceClosed Properties ‐ 1990 to 2010
Res Cond Single Family
© 2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed
Denver Trends
$170
,000
$195
,000
$213
,950
$221
,000
$230
,000
$237
,000
$247
,000
$249
,900
$245
,000
$219
,900
$219
,000
$235
,000
0 00
500
4,00
0
7,00
0
0,00
0
7,00
0
,000
00
00
00
$150,000
$200,000
$250,000
$300,000
Greater Metropolitan Denver DecemberYear To Date Median Price ‐ Closed
$170
,000
$195
,000
$213
,950
$221
,000
$230
,000
$237
,000
$247
,000
$249
,900
$245
,000
$219
,900
$219
,000
$235
,000
$107
,500
$126
,500
$141
,000
$149
,500
$154
,000
$157
,000
$160
,000
$157
,000
$150
,000
$138
,000
$135
,000
$136
,000
$‐
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
99 00 01 02 03 04 05 06 07 08 09 10
Greater Metropolitan Denver DecemberYear To Date Median Price ‐ Closed
Res Condo
© 2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed METROPOLITAN DENVER REAL ESTATE STATISTICS
AS OF DECEMBER 31, 2010
% % % % %Snapshot - YTD Change Change Change Change Change
YTD 2010 YTD 2009 YTD 2008 YTD 2007 YTD 2006 YTD 2005 10 vs '09 10 vs '08 10 vs '07 10 vs '06 10 vs '05
Single Family (Residential + Condo)
Active 18,867 16,456 19,600 24,603 24,534 23,092 14.65% -3.74% -23.31% -23.10% -18.30%Under Contract 49,313 56,174 62,647 61,663 61,736 65,256 -12.21% -21.28% -20.03% -20.12% -24.43%Sold 38,818 42,070 47,837 49,789 50,244 53,106 -7.73% -18.85% -22.03% -22.74% -26.90%
Avg DOM 92 98 102 105 102 90 -6.12% -9.80% -12.38% -9.80% 2.22%Avg Sold Price $257,000 $242,413 $249,897 $281,822 $288,916 $281,332 6.02% 2.84% -8.81% -11.05% -8.65%
Residential
Active 14,450 12,263 14,995 18,709 18,109 16,428 17.83% -3.63% -22.76% -20.21% -12.04%Under Contract 39,200 44,546 50,517 48,794 48,628 51,464 -12.00% -22.40% -19.66% -19.39% -23.83%Sold 30,777 33,114 37,988 38,845 39,208 41,365 -7.06% -18.98% -20.77% -21.50% -25.60%
Avg DOM 90 97 100 102 97 84 -7.22% -10.00% -11.76% -7.22% 7.14%Median Sold Price $235,000 $219,000 $219,900 $245,000 $249,900 $247,000 7.31% 6.87% -4.08% -5.96% -4.86%Avg Sold Price $282,080 $264,803 $270,261 $310,418 $317,112 $307,529 6.52% 4.37% -9.13% -11.05% -8.28%
Condo
Active 4,417 4,193 4,605 5,894 6,425 6,664 5.34% -4.08% -25.06% -31.25% -33.72%Under Contract 10,113 11,628 12,130 12,869 13,108 13,792 -13.03% -16.63% -21.42% -22.85% -26.67%Sold 8,041 8,956 9,849 10,944 11,036 11,741 -10.22% -18.36% -26.53% -27.14% -31.51%
Avg DOM 98 101 108 114 122 111 -2.97% -9.26% -14.04% -19.67% -11.71%Median Sold Price $136,000 $135,000 $138,000 $150,000 $157,000 $160,000 0.74% -1.45% -9.33% -13.38% -15.00%Avg Sold Price $161,005 $159,628 $171,350 $180,321 $188,745 $189,035 0.86% -6.04% -10.71% -14.70% -14.83%
Footnotes: Active, Under Contract, and Sold presented as # of units. Avg DOM = Average Days on MarketThis representation may or may not reflect all real estate activity in the market.Source: Metrolist, Inc.© 2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed
