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Denver Home Sales Best in Four years, Prices Edge Up
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Denver Home Sales Best in Four years, Prices Edge Up
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:
Denver Home Sales Best in Four years, Prices Edge Up
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

March 15, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Denver area followed seasonal trends and declined as expected in January but were still at their highest level for that month in four years according to the latest data released from DataQuick.

A total of 2,467 new and resale houses and condos closed escrow in the Denver-Aurora metro area in January. Sales were 27.7 percent lower than in December but were still 4.4 percent higher than in January of 2011.

Home sales in the region typically decline 21.8 percent between December and January and were 31.6 percent lower than the average number of homes typically sold during the month. Despite the decline in sales in January, it was still the best tally for that month since 2008.

Cash buyers accounted for 28.0 percent of the purchases in January, which was up from 26.6 percent in December but down from 31.2 percent a year earlier. The record for cash purchases was in February 2011, when 32.1 percent of the sales were for cash.

The median price that cash buyers paid for their homes in January was $159,000, up 7.2 percent from December and 20.5 percent from a year ago.

Absentee buyers, usually investors and vacation home buyers, accounted for 27.9 percent of all the homes sold in January, up from 26.7 percent in December. The median price they paid for their purchases was $141,500, up 1.1 percent from December and 8.8 percent from a year earlier. The record amount of purchases made by absentee buyers was 28.4 percent in February of 2011.

The overall median price paid for new and resale homes and condos in January was $205,000, down 2.4 percent from December but up 1.1 percent from January of last year. It was the first time since June of last year that home prices improved year-over-year.

January’s median price is 17.2 percent below the peak median price of $247,569 in June 2006.

Short sales accounted for an estimated 12.2 percent of total re-sales, up from 11.1 percent the previous month and 10.4 percent a year ago.

Tags: 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

March 15, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Denver area followed seasonal trends and declined as expected in January but were still at their highest level for that month in four years according to the latest data released from DataQuick.

A total of 2,467 new and resale houses and condos closed escrow in the Denver-Aurora metro area in January. Sales were 27.7 percent lower than in December but were still 4.4 percent higher than in January of 2011.

Home sales in the region typically decline 21.8 percent between December and January and were 31.6 percent lower than the average number of homes typically sold during the month. Despite the decline in sales in January, it was still the best tally for that month since 2008.

Cash buyers accounted for 28.0 percent of the purchases in January, which was up from 26.6 percent in December but down from 31.2 percent a year earlier. The record for cash purchases was in February 2011, when 32.1 percent of the sales were for cash.

The median price that cash buyers paid for their homes in January was $159,000, up 7.2 percent from December and 20.5 percent from a year ago.

Absentee buyers, usually investors and vacation home buyers, accounted for 27.9 percent of all the homes sold in January, up from 26.7 percent in December. The median price they paid for their purchases was $141,500, up 1.1 percent from December and 8.8 percent from a year earlier. The record amount of purchases made by absentee buyers was 28.4 percent in February of 2011.

The overall median price paid for new and resale homes and condos in January was $205,000, down 2.4 percent from December but up 1.1 percent from January of last year. It was the first time since June of last year that home prices improved year-over-year.

January’s median price is 17.2 percent below the peak median price of $247,569 in June 2006.

Short sales accounted for an estimated 12.2 percent of total re-sales, up from 11.1 percent the previous month and 10.4 percent a year ago.

Tags: 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.

March 15, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Denver area followed seasonal trends and declined as expected in January but were still at their highest level for that month in four years according to the latest data released from DataQuick.

A total of 2,467 new and resale houses and condos closed escrow in the Denver-Aurora metro area in January. Sales were 27.7 percent lower than in December but were still 4.4 percent higher than in January of 2011.

Home sales in the region typically decline 21.8 percent between December and January and were 31.6 percent lower than the average number of homes typically sold during the month. Despite the decline in sales in January, it was still the best tally for that month since 2008.

Cash buyers accounted for 28.0 percent of the purchases in January, which was up from 26.6 percent in December but down from 31.2 percent a year earlier. The record for cash purchases was in February 2011, when 32.1 percent of the sales were for cash.

The median price that cash buyers paid for their homes in January was $159,000, up 7.2 percent from December and 20.5 percent from a year ago.

Absentee buyers, usually investors and vacation home buyers, accounted for 27.9 percent of all the homes sold in January, up from 26.7 percent in December. The median price they paid for their purchases was $141,500, up 1.1 percent from December and 8.8 percent from a year earlier. The record amount of purchases made by absentee buyers was 28.4 percent in February of 2011.

The overall median price paid for new and resale homes and condos in January was $205,000, down 2.4 percent from December but up 1.1 percent from January of last year. It was the first time since June of last year that home prices improved year-over-year.

January’s median price is 17.2 percent below the peak median price of $247,569 in June 2006.

Short sales accounted for an estimated 12.2 percent of total re-sales, up from 11.1 percent the previous month and 10.4 percent a year ago.

Tags: 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.