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Annual Home Sales in Denver Up for Third Consecutive Month
The Easy Way to Shop For a Mortgage Loan
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You're Now Reading:
Annual Home Sales in Denver Up for Third Consecutive Month
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Annual Home Sales in Denver Up for Third Consecutive Month
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About Mortgages
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Mortgage Rates

November 11, 2011 (Shirley Allen)

Monthly home sales in the Denver area followed seasonal fall trends and declined as expected from August to September but remained above year ago levels for the third consecutive month according to real estate information provider DataQuick.

A total of 3,715 new and resale homes and condos closed escrow in the Denver-Aurora metro area in September. Sales were 11.7 percent lower than August, but were 19.3 percent higher than in September of 2010.

Home sales in the region typically decline 8.6 percent between August and September and were the second lowest on record for the month, only surpassed in futility by September of last year. Sales were 28.6 percent below the average for the month.

It was the third consecutive month that year-over-year sales have increased in Denver which follows on the heels of a 32.7 percent annual gain in August and a 7.6 annual gain in July. Despite the improved performance over the past three months, sales for the first nine months of this year are at the lowest level on record.

Cash buyers accounted for 26.5 percent of the purchases in September, up from 22.8 percent in August but down from 27.9 percent a year ago. Cash buyers paid a median price of $152,286 for the homes that they purchased during the month.

Absentee buyers, usually investors and vacation homebuyer’s, accounted for 25.1 percent of all homes sold in September, up from 22.5 percent in August but down from 28.4 percent a year earlier and they paid a median price of $144,000 for their purchases during the month.

The overall median price paid for new and resale homes and condos in September was $210,000, which was down 2.3 percent from August and also down 3.2 percent from September of last year.

The current median price is 15.2 percent below the peak median price of $247,569 in June of 2006.

Short sales accounted for 10.1 percent of re-sales in September. That was up from 9.4 percent in August and up from 9.0 percent of re-sales in September of 2010.

Tags: DataQuick, existing home sales, Denver, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

November 11, 2011 (Shirley Allen)

Monthly home sales in the Denver area followed seasonal fall trends and declined as expected from August to September but remained above year ago levels for the third consecutive month according to real estate information provider DataQuick.

A total of 3,715 new and resale homes and condos closed escrow in the Denver-Aurora metro area in September. Sales were 11.7 percent lower than August, but were 19.3 percent higher than in September of 2010.

Home sales in the region typically decline 8.6 percent between August and September and were the second lowest on record for the month, only surpassed in futility by September of last year. Sales were 28.6 percent below the average for the month.

It was the third consecutive month that year-over-year sales have increased in Denver which follows on the heels of a 32.7 percent annual gain in August and a 7.6 annual gain in July. Despite the improved performance over the past three months, sales for the first nine months of this year are at the lowest level on record.

Cash buyers accounted for 26.5 percent of the purchases in September, up from 22.8 percent in August but down from 27.9 percent a year ago. Cash buyers paid a median price of $152,286 for the homes that they purchased during the month.

Absentee buyers, usually investors and vacation homebuyer’s, accounted for 25.1 percent of all homes sold in September, up from 22.5 percent in August but down from 28.4 percent a year earlier and they paid a median price of $144,000 for their purchases during the month.

The overall median price paid for new and resale homes and condos in September was $210,000, which was down 2.3 percent from August and also down 3.2 percent from September of last year.

The current median price is 15.2 percent below the peak median price of $247,569 in June of 2006.

Short sales accounted for 10.1 percent of re-sales in September. That was up from 9.4 percent in August and up from 9.0 percent of re-sales in September of 2010.

Tags: DataQuick, existing home sales, Denver, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

November 11, 2011 (Shirley Allen)

Monthly home sales in the Denver area followed seasonal fall trends and declined as expected from August to September but remained above year ago levels for the third consecutive month according to real estate information provider DataQuick.

A total of 3,715 new and resale homes and condos closed escrow in the Denver-Aurora metro area in September. Sales were 11.7 percent lower than August, but were 19.3 percent higher than in September of 2010.

Home sales in the region typically decline 8.6 percent between August and September and were the second lowest on record for the month, only surpassed in futility by September of last year. Sales were 28.6 percent below the average for the month.

It was the third consecutive month that year-over-year sales have increased in Denver which follows on the heels of a 32.7 percent annual gain in August and a 7.6 annual gain in July. Despite the improved performance over the past three months, sales for the first nine months of this year are at the lowest level on record.

Cash buyers accounted for 26.5 percent of the purchases in September, up from 22.8 percent in August but down from 27.9 percent a year ago. Cash buyers paid a median price of $152,286 for the homes that they purchased during the month.

Absentee buyers, usually investors and vacation homebuyer’s, accounted for 25.1 percent of all homes sold in September, up from 22.5 percent in August but down from 28.4 percent a year earlier and they paid a median price of $144,000 for their purchases during the month.

The overall median price paid for new and resale homes and condos in September was $210,000, which was down 2.3 percent from August and also down 3.2 percent from September of last year.

The current median price is 15.2 percent below the peak median price of $247,569 in June of 2006.

Short sales accounted for 10.1 percent of re-sales in September. That was up from 9.4 percent in August and up from 9.0 percent of re-sales in September of 2010.

Tags: DataQuick, existing home sales, Denver, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.