In terms of the housing market, 2013 was a record-setting year for the
Mile High City. A recent report from Metrolist indicated a record 54,024 homes
closed in 2013, which is an impressive 17 percent jump from 2012. Additionally,
home sales prices were up nearly 10 percent from last year.
Last month 2,807 homes were placed under contract, which is a nine
percent drop from the 3,090 in December 2012 and a 22 percent drop from the
3,607 in November. There were 3,229 closings in December, down 5 percent from
the 3,400 in December 2012 and down 8 percent from the 3,500 in November. However,
slowdowns in the holiday months are typical in the yearly real estate cycle,
and experts maintain the year-over-year performance in the Denver market is
nothing less than stellar.
2013 didn’t just set records in the number of homes sold in the metro
area, but the average home price sales as well. According to Metrolist
findings, the average sold price was $310,643 in December, a seven percent jump
from the $289,926 for all homes in December 2012 and a 1 percent increase from
the $307,134 average sales price in November.
The total sales volume in homes last year was $16.58 billion, a record
in non-inflation adjusted dollars. In 2012, there the sales volume was $12.9
billion. The previous record was $14.94 billion in 2005.
According to Metrolist data, single-family detached home sales also broke
records in 2013, accounting for 42,762 of the properties sold this year with an
average price of $336,381. The previous record for Denver metro single-family
detached home sales was 41,682, and was set back in 2004.
Sales of single family attached homes were up 23 percent over 2012,
with 11,262 properties sold in the Denver metro area through November. The
average price for a single family attached home in 2013 was $198,220, an
impressive 10 percent increase over 2012.
With a lower inventory in 2013, Denver-area homes sold quickly this
year. Metrolist data indicates that overall, active listings were down 16
percent in 2013 from 2012 and properties moved about 25 percent faster this
year. This year homes sold after being on the market for an average of only 58
days, compared with an average days on the market of 77 in 2012.
Author:Carla Winter - Raymond Selix Phone: 303-523-1921 Dated: January 27th 2014 Views: 1,057 About Carla Winter -: Ray and Carla have been working as a team since 1995. Carla’s extensive knowledge of the Denver a...
View our latest blog posts in your RSS reader. Click here to access.
Since 2003, Metrowest Real Estate Services has been Denver’s premiere resource for residential, foreclosure, REO and investment real estate. When helping you buy or sell, our mission is to provide excellent customer service to our corporate and individual clients by ensuring that our agents exceed all standards for market knowledge, professionalism, and client support. Whether you are a high volume investor or a first time homebuyer, our team at Metrowest can help you realize your real estate goals! Metrowest is your Denver Colorado Real Estate Team. We specialize in helping you get the most of your sale, purchase or investment.
Denver homes continue to appreciate in value and, according to a recen
"My girlfriend and I had the pleasure of working with Andy for our first home purchase. The experience we had was nothing short of amazing. At the time of our house hunt it was a sellers market with multiple offers in on homes and homes closing in under 1 week on the market regularly. Even when Andy was out of town on business he made sure one of his extremely knowledgeable colleagues was able to show us properties for the weekend. After a fairly quick search we decided on a home and with Andy's guidance our first offer was accepted and after the appraisal he was able to negotiate our price down to save us some extra money. I will definitely be recommending Andy to my family and friends, he did so much to take all of the stress out of the process for us. Thanks Andy!!"