DENVER AREA MARKET REPORTS - SUBURBS - SOUTH SUBURBAN CENTRAL - MAY 2007
Jun 14th, 2007 by Steve Scheer
Real Estate Market Reports for May 2007 South Suburban Central - STATISTICS FOR HOME SALES IN THE AREA This report includes all areas of the MLS known as SSC : parts of Littleton, parts of Centennial , western parts of Greenwood Village and parts of Englewood. Residential - Single Family Homes ACTIVE LISTINGS Total Active: 591 Average Price: $512,330 New Listings: 390 SOLD LISTINGS Total Sold: 173 Average Price of Sold: $362,590 Sold at % of List Price: 97% Average Days on Market (DOM): 93 OFF MARKET Under Contract: 207 Expired: 16 Withdrawn/Other: 224 Residential Condos/Town Homes ACTIVE LISTINGS Total Active: 261 Average Price: $209,449 New Listings: 65 SOLD LISTINGS Total Sold: 48 Average Price of Sold: $184,286 Sold at % of List Price: 99% Average Days on Market (DOM): 77 OFF MARKET Under Contract: 47 Expired: 7 Withdrawn/Other: 63 So what does all this mean? There is roughly 3 months supply of homes in the residential market and roughly 5.5 months supply of condo/townhomes. It is critical to price homes in this market correctly. If you over-price your house, it will sit - sometimes for quite some time. Many studies show that homes that are over-priced and go stale wind up selling for less than they would have if they were priced right to beign with. Make sure you discuss price with your agent in detail. *Statistics from MLS deemed accurate but not guaranteed. *These numbers may not include FSBO and New Construction.
