Real Estate in Denver and the Suburbs

Happy New Year!  Welcome 2008!  But before moving forwarrd, let's take a moment to look at the end of the year statistics for Highlands Ranch Homes and Lone Tree Homes. 

Denver area Real Estate sales are notoriously lower during the holiday season and this year was no exception.  With that said, there were buyers out there - I had them, as did many other Denver REALTORS® that I know.  Yet for the most part, they weren't buying?  Why -  first - MANY sellers take their home off of the market during the holidays.  Also, many Denver home sellers will wait until January to list their homes in the first place.  So the buyers that were out there - many of them are waiting - for what - for MORE INVENTORY!! And I personally do see this happening in my own business.  Just in these first 11 days of January my phone is ringing with individuals that are needing to sell real estate all over the Denver metro area. 

So lets not be dismayed with the December numbers.  They aren't THAT bad.  They are there because they tell a story, but its 2008 now - and its time to get moving Denver!

Here are the DHL Douglas County - Highlands Ranch & Lone Tree numbers for December 2007.

Highlands Ranch & Lone Tree Single Family Homes

Total Active 494
Average Asking Price Price $490,507
New Listings 158
Listings Back on Market 39
Sold 120
Average Price Actually Sold $407,477
% of List Price 97%
Days on Market 80
Under Contract 103
Expired Listings 35 

Highlands Ranch & Lone Tree Condos & Town Homes

Total Active 124
Average Asking Price $256,016
New Listings 22
Listings Back on Market 7
Sold 29
Average Price actually sold $243,267
% of List Price 96%
Days on Market 75
Under Contract 26
Expired Listings 10

*Statistics from MLS deemed accurate but not guaranteed.

*These numbers may not include homes that are sold by owner (FSBO) and New Construction