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Denver Metro Area Real Estate Market Set Records In 2013
As of Dec. 31, 2013, 54,024 residential homes had sold in the Denver metro area, a 17 percent increase over 2012, and the average sales price was $306,910, an increase of 10 percent, year over year.Single family detached home sales broke records, accounting for 42,762 of the properties sold in 2013 and netted an average price of $336,381. The previous record for Denver metro Single family detached home sales was 41,682, set 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, a 10 percent increase over 2012.
Strong demand and low inventory helped drive the record-setting sales and prices. Active listings for 2013 were down 16 percent compared to 2012. As a result, residential properties spent an average of just 58 days on the market in 2013, compared to 77 days in 2012.
The Denver metro area is trending to have another hot market this year. We are still experiencing low inventory and high demand is rearing it's head as we approach the peak real estate season.
If you're on the fence about selling your home now is the time to take advantage of this sizzling market.
Call me for a free - no obligation market analysis of your home. 720-837-8191
As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....
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