Thursday, October 16, 2008

Closings Perk UP!

Seriously, have you ever been curious about the real state of the real estate market in Denver?
What indicators would tell you if we had a good or bad market? One of the first would be the number of sales. Below are not the future indicators but rather the historical report of what has happened in Denver since 2001 by month comparing each of the 9 months for the last 8 years. The trends are pretty stable, don't you think?

As a matter of fact, sales were up in September 2008 over last year pretty substantially...over 600 units more than 2007 closed in Denver.

Looking at this chart I would say the "bottom" occurred in March April May or June of this year so that we are now looking back at it. Many folks try to "time" their investments and more often than not miss as the bottom can pass very quickly, as it did in 1990.

We are now in an accelerating residential real estate market in Denver, especially the south suburban markets such as Highlands Ranch, Littleton, and Centennial, and that despite the credit crisis, funds to purchase homes are still available, especially to folks with good credit scores, job history and at least 3.5% to put down on their new home. If a new home is in your future the time to strike is now. Give me a call so we can plot your strategy to get moved in before the holidays.

23 years of experience can go to work for you or your friends, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, property listings, all available at Drop me a note to

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