There are no areas during the first quarter of 2008 that we would consider to be Seller’s Markets. We’ve moved into a neutral market in most residential areas, but this will change as the year moves on. Buyers will be aggressively negotiating in those areas that have increased supply on the market.

I have seen a marked increase in showings on my listings just in the last few weeks, so the spring and summer buyers are out and looking. This will change our report for next quarter possibly into more of a seller’s market in a few areas.

Considering Absorption Rate is one way to measure the health of our real estate market. Absorption Rate designates the number of months of housing supply on hand. The larger the supply, the more competition there is for sellers and the higher likelihood that prices will drop or concessions will be offered. The market has definitely slowed in the last quarter.

More Months of Supply = Buyer’s Market = Possible Reduced Pricing and/or Concessions

Fewer Months of Supply = Seller’s Market = Possible Price Increases and/or Bidding Wars

The commonly accepted separation between markets is:

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Fourth quarter real estate statistics show that Highlands Ranch and Lone Tree are continuing to average a lower absorption rate in comparison to other featured areas, which can translate into quicker home sales. North Jefferson County’s absorption rate is also lower in this current quarter. During the third quarter we had three areas identified as a Buyers Market. This quarter, we are up to eight areas. Buyers tend to shy away from purchasing a home during the holidays and that may explain the increase.

Considering Absorption Rate is one way to measure the health of our real estate market. Absorption Rate designates the number of months of housing supply on hand. The larger the supply, the more competition there is for sellers and the higher likelihood that prices will drop or concessions will be offered. The market has definitely slowed in a the last quarter.

More Months of Supply = Buyer’s Market = Possible Reduced Pricing and/or Concessions

Fewer Months of Supply = Seller’s Market = Possible Price Increases and/or Bidding Wars

The commonly accepted separation between markets is:

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The Lowry neighborhood is continuing to grow with lots of opportunities for new buyers interested in the area. Here is a look back on October 2007 home sales in the Lowry neighborhood.

The area is generally located between Yosemite Street (east) and Quebec Street (west), E. 11th Avenue (north) and Alameda Avenue (south). There is a small pocket that juts out to the west side.

The Lowry neighborhood was developed as a result of the Lowry Air Force Base closure. It is a wonderful community that has a variety of parks, the Lowry Town Center and neighborhood activities that are scheduled year round.

Lowry living opportunities range from historical homes that have been renovated to areas still waiting for the soil to be turned before construction begins. The Lowry neighborhoods are within walking distance of restaurants, shopping, parks and transportation routes.

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Glory Days, which was held in the middle of September, was wonderful with great music and lots of fun activities for the kids. This is just one reason of the many, to live in this active and vibrant community. Below is an overview of September 2007 sales in the Lowry neighborhood. The area is generally located between Yosemite Street (east) and Quebec Street (west), E. 11th Avenue (north) and Alameda Avenue (south). There is a small pocket that juts out to the west side. The Lowry neighborhood was developed as a result of the Lowry Air Force Base closure. It is a wonderful community that has a variety of parks, the Lowry Town Center and neighborhood activities that are scheduled year round.

Lowry living opportunities range from historical homes that have been renovated to areas still waiting for the soil to be turned before construction begins. The Lowry neighborhoods are within walking distance of restaurants, shopping, parks and transportation routes.

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If you missed out on purchasing one of these amazing homes, there are 86 other homes currently on the market in the Lowry area ranging in price from $199,900 to $1,595,000. I’d be happy to help you find a home in this vibrant community.

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September 2007 home sales in the Bonnie Brae and Belcaro neighborhoods show four sales ranging in value from $355,000 up to $921,450. This fabulous neighborhood is located east of University Boulevard and west of Colorado Boulevard. The north and south streets are E. Exposition Avenue and E. Mississippi Avenue. It is a wonderful neighborhood with a eclectic selection of homes. From historical homes to custom contemporary construction, the neighborhood offers something for everyone. The these homes are within walking distance of restaurants, shopping, parks and transportation routes.

Google Maps

What surprised me over the last few months is that despite some beautiful homes priced over $1,000,000, there have been no sales over $1M since July.

If you missed out on purchasing one of these houses, there are 37 other homes currently on the market in the Denver Bonnie Brae/Belcaro neighborhoods ranging in price from $379,900 to $3,900,000. If you’d like to get your house on the sold list so you can move on to your next adventure, or to purchase one of the available homes, I’d be happy to help. Give me a call.

Related Articles:

August Market Activity- Bonnie Brae and Belcaro

July Market Activity- Bonnie Brae and Belcaro

June Market Activity- Bonnie Brae and Belcaro

May Market Activity- Bonnie Brae and Belcaro

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Third quarter real estate statistics show that Highlands Ranch and Lone Tree are averaging a lower absorption rate in comparison to other featured areas, which can translate into quicker home sales.

Considering Absorption Rate is one way to measure the health of our real estate market. Absorption Rate designates the number of months of housing supply on hand. The larger the supply, the more competition there is for sellers and the higher likelihood that prices will drop or concessions will be offered. Second quarter statistics showed seven areas that were considered sellers’ markets. The quarter, we only have three. The market has definitely slowed.

More Months of Supply = Buyer’s Market = Possible Reduced Pricing and/or Concessions

Fewer Months of Supply = Seller’s Market = Possible Price Increases and/or Bidding Wars

The commonly accepted separation between markets is:

Based on information from Metrolist, Inc. for the period of July 1, 2007 to September 30, 2007. Note: This representation is based in whole or in part in content supplied by Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by Metrolist, Inc. may not reflect all real estate activity in the market.

 

 

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The lucky people who bought one of the houses in the Bonnie Brae and Belcaro area have a great view of our fall colors right in the neighborhood. Only one house in the area closed in August.

Here is a quick summary of August 2007 sales in the Bonnie Brae and Belcaro neighborhoods. The east and west boundaries are Colorado Boulevard and University Boulevard and the north and south streets are E. Exposition Avenue and E. Mississippi Avenue. It is a wonderful neighborhood with a eclectic selection of homes. From historical homes to custom contemporary construction, the neighborhood offers something for everyone. The neighborhood is within walking distance of restaurants, shopping, parks and transportation routes.

Google Maps

If you missed out on purchasing one of these houses over the last few months, there are 39 other homes currently on the market in the Denver Bonnie Brae/Belcaro neighborhoods ranging in price from $379,900 to $3,900,000. If you’d like to get your house on the sold list so you can move on to your next adventure, or to purchase one of the available homes, I’d be happy to help. Give me a call.

Related Articles:

July Market Activity- Bonnie Brae and Belcaro
June Market Activity- Bonnie Brae and Belcaro
May Market Activity- Bonnie Brae and Belcaro

The astericked (*) properties were listed and/or sold by other companies. Based on information from Metrolist, Inc. for the period of August 1, 2007 to August 31, 2007. Note: This representation is based in whole or in part in content supplied by Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by Metrolist, Inc. may not reflect all real estate activity in the market.

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Here is a brief summary of August 2007 sales in the Denver Country Club and North Country Club neighborhoods. The east and west boundaries are University Boulevard and Downing Street and the north and south streets are 6th Avenue and 1st Avenue. It is a beautiful area with historical homes and mature trees. The neighborhood is within walking distance of Cherry Creek dining and shopping, Cheesman Park, the Denver Botanic Gardens and the Cherry Creek Bike and Walking trail. If you want to live close to downtown, but in a fabulous neighborhood setting, this is a wonderful choice.

Prices are dropping, so this might be a good time to consider buying in one of the most beautiful neighborhoods in Denver. The houses that sold averaged $444.63 per square foot and 178 days on the market.

Google Maps

If you missed out on purchasing one of these houses, there are 26 other homes currently on the market in the Denver Country Club/North Country Club area ranging in price from $399,900 to $3,295,000.

The astericked (*) properties were listed and/or sold by other companies. Based on information from Metrolist, Inc. for the period of August 1, 2007 to August 31, 2007. Note: This representation is based in whole or in part in content supplied by Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by Metrolist, Inc. may not reflect all real estate activity in the market.