ResidentialMonth #Active #Sold Average Sold

PriceYTD # Sold

YTD Average Sold Price

Median Sold Price

(Month)

YTD Median Sold Price

APR 15,639 2,706 $254,442 9,247 $244,885 $210,000 $198,000MAY 15,669 2,857 $262,066 12,104 $248,940 $220,000 $203,007JUN 15,790 3,328 $283,312 15,432 $256,353 $237,500 $211,000

Condominiums and TownhousesMonth #Active #Sold Average Sold

PriceYTD#Sold

YTD Average Sold Price

Median Sold Price

(Month)

YTD Median Sold Price

APR 5,066 684 $150,560 2,302 $147,853 $130,000 $122,625MAY 5,065 771 $172,454 3,073 $154,025 $137,000 $125,000JUN 5,063 858 $161,939 3,931 $155,753 $139,837 $129,000

Residential Condos

Residential Condos

2008

- 20

0920

08 -

2009

Sale

sAv

erag

e So

ld P

rice

Source: Metrolist, Inc.

JJASONDJFMAMJ

3847415435813366338623552585194320082590270628573328

998969961899896565649526476616684771858

$190,367 $169,474 $173,823 $161,960 $164,686 $161,615 $162,770 $148,509 $138,239$151,716$150,560$172,454$161,939

$286,887 $283,860 $284,531 $260,118 $250,172 $242,557 $240,945 $230,878 $236,920$251,583 $254,442$262,066$283,312

JJASONDJFMAMJ

Denver Trends July 2009July 2009

Closing the American Dream Since 1946

This report summarizes the sales of residential real estate units during the reported-on period. Please note:

1) The reported units have been adjusted for the calendar month (as defined by MLS cut-off dates each month) in order to put such periods on a comparable basis. 2) Under Contract units reflect those properties reported as “under contract” during the period - i.e., a binding contract was executed between buyer and seller. 3) Closed units reflect the passing of title. The close date generally lags 30-90 days behind the under contract date and is often distorted by many outside factors unrelated to the extent of real estate activity.

This representation is based in whole or in part on data supplied by Metrolist, Inc. Neither the member Boards of Realtors nor their MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Boards or their MLS may not reflect all real estate activity in the market.

This Month 5,664 4,186Last Month 5,343 3,628 Percentage Change + 6.0% + 15.4%

This Month, Last Year 6,308 4,845 Percentage Change -10.2% -13.6% Compared To This Year

Year to Date, This Year 29,030 19,363 Year to Date, Last Year 34,483 23,471Percentage Change -15.8% -17.5%

Based OnProperties

Under Contract

Based OnProperties

Closed

METROPOLITAN DENVER REAL ESTATE STATISTICS AS OF JUNE 30, 2009

UNSOLD HOMES ON THE MARKET:This Month 20,853 This Month, Last Year 26,104 Percentage Change -20.1% This Month 20,853 Last Month 20,734 Percentage Change +0.6%

WEEKLY SALES RATE:This Month 6.27%This Month, Last Year 5.58%

AVERAGE PRICE OF PROPERTIES CLOSED:

MEDIAN PRICE OF PROPERTIES CLOSED:

This Month $258,434 $161,939 $283,312Last Month $243,022 $172,454 $262,066This Month, Last Year $267,005 $190,367 $286,887Year to Date Average, This Year $235,930 $155,753 $256,353Year to Date Average, Last Year $256,408 $176,426 $277,566

Total Single FamilyCondos

This Month $139,837 $237,500Last Month $137,000 $220,000This Month, Last Year $148,345 $230,000Year to Date Median, This Year $129,000 $211,000Year to Date Median, Last Year $139,000 $224,900

Single FamilyCondos

© 2009 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed Secu

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Metrolist: Denver’s resale housing market showing hopeful signs - Denver Business JournalMetro Denver’s resale housing market appeared to start returning to normalcy in June, according to sales data Tuesday from Metrolist Inc.

Single-family home sales in June, for example, were equally split between the lower price ranges that appeal to first-time homebuyers and pricier houses that attract homebuyers moving up to larger and/or more expensive homes.

“Earlier this year, the majority of resale home activity was first-time homebuyers, distressed properties and investor activity,” independent Littleton broker Gary Bauer said in a statement. “June appears to be the transition to a normal Denver market -- a market with both first-time homebuyer activity as well as ‘move-up’ activity.” Denver home prices show monthly gain - Denver Business JournalHome prices in Denver increased for the second consecutive month, and show the lowest year-over-year decline of the 20 cities included in the closely watched S&P/Case-Shiller index. Released Tuesday, the index reveals how 20 cities are faring as the economy continues to batter the residential market. The 20-city composite index shows home prices were down 0.6 percent in April, and off by 18.1 percent since April 2008.

On its own, Denver showed a 1.5 percent increase in prices for April — only Dallas, at 1.7 percent, did better — and a 0.1 percent increase in March. Denver prices fell by 2.7 percent in January and by 1.7 percent in February.

Bauer: June best month for housing market - Inside Real Estate NewsThe Denver-area housing market showed the strongest signs yet that it is on the road, the author of a report based on June data, said today.

“Quite frankly, June turned out to be a very good month,” said independent broker Gary Bauer, who releases a report each month based on Metrolist data. At first blush, the report may not have seemed so positive. After all, the 5,664 homes placed under contract, while 6 percent higher than the 5,343 sales in May, is still 10.2 percent below the 6,308 homes placed under contract in June 2008.

But considering the extraordinary beating the home sales market has taken in the past year, on a nationwide and even global scale, Bauer said that he’s not going to spend a lot of time comparing this year to last year, as he might have done if these were more typical times.

Mix of home buyers change - Inside Real Estate NewsThe most encouraging aspect of the June housing statistics, according to independent broker Gary Bauer, is the mix of houses sold in the Denver area last month. In the first five months of the year, sales were driven by low-end sales, which in turn drove down the overall average and median-price of homes, said Bauer, who prepares a monthly report based on Metrolist data.

“If you look at the sale for residential, not condos, they were almost evenly divided: 31 percent up to $100,000; 31 percent $100,000 to $200,000, and 31 percent, $200,000 to $300,000,” Bauer said. “For the first time this year, we;re starting to see move-up activity, which is extremeley positive. In the first four or five months of the year, just about all of the activity was in the lower-price range.

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June housing market sales numbers - Inside Real Estate NewsLast month, there were 5,664 homes placed under contact, a 6 percent increase from the 5,343 in May, according to a report released in May. Sales, however, were down 10.2 percent from the 6,308 in in June 2008. And remember, June 2008, was not a strong month. There were 4,185 closings last month, according to the report by independent broker Gary Bauer, a 15.4 percent jump from the 3,628 in May. That also is a vast improvement from the 3.9 percent dip in closings from May 2008 to June 2008. Bauer noted that it is often taking so long for homes to close, that it is not uncommon for them to being pushed back 45 days or longer than normal.

More telling, in the first six months of the year, there have been 29,030 homes placed under contact, a 15.8 percent drop from the 34,483 closings in the first half of last year. And the number of home closings dropped 17.5 percent to 19,363 last month, from 23,471 in June 2008.

Median price of homes picks up - Inside Real Estate NewsThe median, or middle, price of a single-family home sold in the Denver area last month rose to$237,500, a 3.2 percent increase from the $230,00 in June 2008, according to a report released today by independent broker Gary Bauer. The increase was even more pronounced from May to June , with prices rising 7.95 percent from $220,000. The median price of a condo sold, however, went in the other direction. The median price of a condo fell by 5.7 percent to $139,837 in June, from $148,345 in June 2008. But condo prices were up slightly from May, when they stood at $137,000.

The average prices, by contrast, didn’t show as happy of a trend. The average price of a single family home fell 3.2 percent to $258,434 in June, from $267,005 in June 2008. And prices were down 6.34 percent from May, when the average home sold and closed for $243,022. Year-over-year, condo prices fell 14.9 percent to $161,939 in June from $190,367 in June 2008. And they were down 6 percent from $172,454 in May. Statisticians, however, will tell you that in most cases the median price gives you a more realistic view of the market, because it is less swayed by the mix of prices of the homes on the market than the average. In the not too distant past, the average prices were being skewed to the higher end by a number of extremely expensive homes being sold. Now it is taking longer for the most expensive homes to sell and there are fewer of those transactions, so that statistical bias is being lost. And the drop in average, and to a lesser extent, the median prices, is compounding the overall downward trend in home prices.

Another way to put it: Just because the average prices of homes being sold is going down, it does not mean that your home – which is not on the market – has dropped by the same percentage. That is a bias that the S&P/Case-Shiller report tries to eliminate by tracking “paired,” homes. Last week, the Case-Shiller report showed that homes in the Denver-area lost less value than any of the 20 major markets it tracks.

Lowest June home inventory in memory - Inside Real Estate NewsThere were only 20,853 unsold homes on the market last month. That is an astounding 20.1 percent drop from June 2008, when there were 26,104 unsold homes on the Denver-area market, according to a report by independent real estate broker Gary Bauer, who tracks monthly Metrolist data. I say “astounding,” because June 2008, was also a low inventory month for unsold homes.

I dug a little deeper, and found that this June showed the fewest number of unsold homes on the market since at least 2002.

“That makes sense,” said Lydia Lin, owner of One Realty Inc. in Denver. ” “There is not much on the market. I look at it several times a day.”