Real Estate in Denver and the Suburbs

Real Estate Market Reports for May 2007 - PARKER, ELIZABETH, FRANKTOWN, KIOWA Douglas County & Elbert Colorado - STATISTICS FOR HOME SALES IN THE AREA This report includes all areas of the MLS known as DEP : Douglas County & Elbert County - Parker, Kiowa, Elizabeth, Franktown Residential - Single Family Homes ACTIVE LISTINGS Total Active: 1278 Average Price: $542,687 New Listings: 615 SOLD LISTINGS Total Sold: 235 Average Price of Sold: $371,339 Sold at % of List Price: 97% Average Days on Market (DOM): 106 OFF MARKET Under Contract: 248 Expired: 54 Withdrawn/Other: 371 Residential Condos/Town Homes ACTIVE LISTINGS Total Active: 187 Average Price: $182,522 New Listings: 79 SOLD LISTINGS Total Sold: 37 Average Price of Sold: $169,889 Sold at % of List Price: 99% Average Days on Market (DOM): 135 OFF MARKET Under Contract: 27 Expired: 5 Withdrawn/Other: 51 So what does all this mean? There is roughly a 5 months supply of residential homes and 7 months supply of condo/ townhomes in this area. If you don't want to wait 5 to 7 months to sell, then typically another 30 to 45 days to close, then price and condition are crucial. If you are a buyer for this area, inventory is great - now is a great time to be a qualified buyer here. *Statistics from MLS deemed accurate but not guaranteed. *These numbers may not include FSBO and New Construction.