Statistics

Denver Area Real Estate Sales Distribution Graphs

This graph shows the distribution of closed sales by price range.  Note the jump in the lowest category in December of 2008, with many low priced homes being purchased by investors as fix and flip projects.  The very high end showed a bit of recovery in December.

This graph clearly demonstrates the decline in low priced homes as the year progressed, and the strength of the middle prices in the market.  Note the spike in high end sales in December.  The sales in the lowest price ranges will continue to decline as prices increase, effectively eliminating the low price inventory.

This graph clearly illustrates that the market for condo’s priced over $300,000 is very slow.  This is typical in a depressed market.  High end recovery will remain slow until equity is reestablished in the residential market. Many buyers of the higher priced condo’s must sell their homes to buy the high end condo’s/lofts.

The market in condos in the Denver area was clearly in the price ranges below $200,000.