Denver Experiences Seasonal Home Sales Increase in June

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Denver Experiences Seasonal Home Sales Increase in June

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Denver Experiences Seasonal Home Sales Increase in June

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August 9, 2011 (Shirley Allen)

Home sales in Denver experienced seasonal increases from May to June but were at the lowest levels for a June in 13 years according to real estate information provider DataQuick. Home prices increased year-over-year for the second month in a row.

A total of 4,285 new and resale homes and condos closed escrow in the Denver-Aurora metro area in June. Sales were 13.5 percent higher than May, but were 12.3 percent lower than June of 2010.

Home sales in the region typically increase 14.4 percent between May and June, but this month’s total sales were still 44.9 percent below average for June sales. It was the lowest level of combined home sales for any June since 1998.

Cash buyers were responsible for 23.2 percent of the purchases in June and paid a median price of $161,250 for those homes.

Absentee buyers, usually investors and vacation homebuyer’s, accounted for 20.6 percent of all homes sold in June, down from 22.8 percent in May, but still up from 17.7 percent a year earlier.

The overall median price paid for new and resale homes and condos in June was $220,000, which was up 2.3 percent from May and also up 1.2 percent from June of last year.

The current median price is 11.1 percent below the peak median price of $247,569 in June 2006.

Short sales represented 9.7 percent of sales in June. That was up from 9.5 percent in May, but was down from 11.2 percent of sales in June of 2010.

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

Source:
DataQuick

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Home Buying
Tips

Home Selling
Tips

About
Mortgages

Mortgage
Calculator

Mortgage
Rates

August 9, 2011 (Shirley Allen)

A total of 4,285 new and resale homes and condos closed escrow in the Denver-Aurora metro area in June. Sales were 13.5 percent higher than May, but were 12.3 percent lower than June of 2010.

Cash buyers were responsible for 23.2 percent of the purchases in June and paid a median price of $161,250 for those homes.

Absentee buyers, usually investors and vacation homebuyer’s, accounted for 20.6 percent of all homes sold in June, down from 22.8 percent in May, but still up from 17.7 percent a year earlier.

The overall median price paid for new and resale homes and condos in June was $220,000, which was up 2.3 percent from May and also up 1.2 percent from June of last year.

The current median price is 11.1 percent below the peak median price of $247,569 in June 2006.

Short sales represented 9.7 percent of sales in June. That was up from 9.5 percent in May, but was down from 11.2 percent of sales in June 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

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.

August 9, 2011 (Shirley Allen)

A total of 4,285 new and resale homes and condos closed escrow in the Denver-Aurora metro area in June. Sales were 13.5 percent higher than May, but were 12.3 percent lower than June of 2010.

Cash buyers were responsible for 23.2 percent of the purchases in June and paid a median price of $161,250 for those homes.

Absentee buyers, usually investors and vacation homebuyer’s, accounted for 20.6 percent of all homes sold in June, down from 22.8 percent in May, but still up from 17.7 percent a year earlier.

The overall median price paid for new and resale homes and condos in June was $220,000, which was up 2.3 percent from May and also up 1.2 percent from June of last year.

The current median price is 11.1 percent below the peak median price of $247,569 in June 2006.

Short sales represented 9.7 percent of sales in June. That was up from 9.5 percent in May, but was down from 11.2 percent of sales in June 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

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.