Denver Metro Real Estate Market Off To Strong Start In 2014

Denver Metro Real Estate Market Off To Strong Start In 2014

Denver Metro Real Estate Market Off to Strong Start in 2014

Denver – Feb. 11, 2014 – Average Denver Metro home prices remained steady in January, signaling a strong 2014 for area real estate, according to Metrolist®, Colorado’s largest multiple listing service (MLS), which powers REcolorado.com, a free resource for Colorado home buyers, sellers and owners.

The average sold price for new and existing homes in January—$302, 251—was down 3 percent compared to December but up 10 percent year over year. January saw a slight increase in the number of homes for sale, with active listings increasing 5 percent month over month and 7 percent year over year, but available inventory remains tight. Among properties sold in January, the average listing spent just 61 days on the market, a 22 percent decrease year over year.  The number of homes sold in January increased 3 percent, from 3,229 to 3,342.
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With an average sold price of $206,503 for January, the townhouse and condominium markets show strong price stability. The top end of the single family detached market continues to be very active, driving the median sold price up 12 percent over last year, with the average sold price rising by more than 21 percent year over year.
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The numbers in the single family detached market are equally strong. The average price of the 1,901 homes sold in January was $331,198, down just 2 percent compared to December and up 10 percent over last year. “We are optimistic about the 2014 real estate landscape,” said Kirby Slunaker, CEO and President of Metrolist, Inc. “We’d advise any consumers who are planning on entering the market for a new home later this year to start looking early.”  

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Karen Venier is a Broker Associate at Keller Williams. She is a part of Carr Peck Group which has been recognized locally and nationally as in expert in real estate.  Locally they are 6th in Denver Metro home sales out of 5,000 agents and have been recognized by the Wall Street Journal and Real Trends as one of the top selling agents in America.  For more information feel free to 
contact her  or call 303-908-9584.  

Courtesy of ReColorado.com and Metrolist
   


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Dated: February 18th 2014
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