Although the trend beginning in March, 2009 seems to be toward a stabilization in prices, we continue to see the foreclosure market impacting all statistics. Foreclosed properties are often selling at prices slightly higher than the list price on average.
However, non-distressed properties are seeing good showing activity with little actual buying action. Inventory is down significantly from last year and 2007, as well.
We are seeing glimpses of economic improvement, but I would not call it recovery just yet.
ZIP Codes: 80021, 80002, 80003, 80004, 80005, 80029, 80030 Location Characteristics: At the gateway to the Rockies the Metro Denver area offers everything you could possibly want for a vibrant lifestyle. Handy to Denver International Airport on one side and mountain recreation year-round on the west, you will find culture, sports, entertainment and more.
About Kenneth Aggus:
31-year veteran of Metro Denver area real estate. My team is ready and able to assist you with all of your real estate needs--even refinancing!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
