December, 2019
Detached Single Family
Please note
The contents of this report only reflect detached single family (DSF) unless otherwise noted to include attached single family homes (ASF or ASF + DSF) - in the 7 Metro Denver Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert and Jefferson.
This representation is based in whole or in part on content supplied by REcolorado®, Inc. REcolorado®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by REcolorado®, Inc. may not reflect all real estate activity in the market. Dates shown on graphs for timeframes included.
We highly encourage you to review reports published by your REALTOR® Board and REcolorado®. Each report covers a different geography and will report different values for all metrics.
DSF
DSF Talking Points- December 2019
Seasonal inventory hits all time low heading into the New Year for detached homes.
• Active inventory for December down by -23.0% from the previous month and down -34.6% from the same month one year ago, 2,951. Contracts accepted also declined month over month by -21.7% but remained flat from the same month one year ago, or 2,226 units.
• Days on market up to 41 average days to contract, or 23 median days to contract. Both metrics continue to report at a slightly higher value than the previous 7 years in this cycle.
• Home prices usually peak annually in either May or June, this year the peak was in May and prices pulled back from June through September. In December the average sold price was $519,707 which is flat from the previous month, and up 5.2% YOY. Median sold price reported a slight decline -0.6 % from November, but up 4.7% over the same month last year to $445,000.
• Close to list price ratio steady in December at 98.9%. Original to Sold price ratio was down from the last month at 96.8%. Both metrics are likely to decline through the end of the year giving buyers more negotiating power in the last quarter of 2019.
• Flash sales, or units under contract in the first weekend, consistent with last month in December. The number of units under contract in 7 days or less was 28.0%.
• 44.8% of homes closed in December sold for at or over their asking price.
DSF
Year end Review
Year End Review
DSF + ASF
New Listings
YOY: +4.9%
10 Year: +9.0%
Closed Transactions
YOY: +5.8%
10 Year: +41.1%
Odds of Selling
YOY: 0.9%
10 Year: 29.5%
Year End Review
DSF + ASF
Avg DOM
YOY: +24.0%
10 Year: -63.1%
Median DOM
YOY: +62.5%
10 Year: -72.3%
U/C 1 Week
YOY: -14.1%
10 Year: +335.8%
Year End Review
DSF + ASF
2009 vs 2019
Avg: +99.2%
Med: +110.6%
Year End Review
DSF + ASF
Sold Volume
YOY: +9.3%
10 Year: +181.1%
Year End Review
DSF + ASF
Months of Inventory
YOY: +27.1%
10 Year: -71.2%
Year End Review
DSF + ASF
PSF Total
YOY: +3.7%
10 Year: 56.3%
Year End Review
DSF + ASF
Financed
Transactions
YOY: +1.8%
10 Year: +3.9%
December 2019 Review
Market Conditions
HighA: 23,999 Aug 2007
U/C: 4,412 May 2013
S: 4,222 June 2013
X: 3,195 Dec 2011
AverageA: 11,064
U/C: 2,226
S: 2,905
X: 918
LowA: 2,951 Dec 2019
U/C: 1,530 Dec 2009
S: 1,474 Jan 2010
X: 318 Jan 2018
DSF
Current
A: 2,951
U/C: 2,226
S: 2,905
X: 918
Talking points:
May-June represent
the peak buyer
activity then Denver
begins it’s cooling
period which runs
from August-January.
MOMA: -23.0%
U/C: -21.7%
S: +5.7%
X: +45.9%
YOYA: -34.6%
U/C: +0.9%
S: +20.6%
X: -8.7%
The Cycle
DSF
Rising Market:
Feb-Jun 2019
Falling
Market:
Aug-Dec 2019
2019 saw early market activity as we have experienced for the last 6 years. Active units remained below the
anticipated mark with under contract and sold units reporting above expectation. With seasonally rising inventory
and falling demand prices fall back.
Sneak Peek into 2020
DSF + ASF
First Wave:
3rd Weekend
in January
Second Wave:
3rd Weekend
in February
following
Super Bowl
In the last 7 years 2013-2019, Denver’s real estate market has seen two waves of buyer activity in the 1st quarter.
First wave of buyers pick up in the 3rd weekend in January, with the 2nd wave appearing the weekend directly
following the Super Bowl in the 3rd or 4th weekend in February. In years when the Broncos are in the playoff buyer
activity lags from January-February.
2020 Strategy
DSF
Based on previous years in this cycle
(2013-2019) these values represent the
best times to be in the market in 2020.
The market is likely to favor those
sellers who are ready to take advantage
of early buyer activity.
Sellers late to the market in the
summer months are more likely to
spend longer on the market, make price
reductions and sell at lower prices than
spring sellers.
Buyers are most likely to have
negotiating power in the mid summer-
fall.
Supply vs. Demand
High10.1 Jan 2010
Average3.9
Low1.0 Apr 2019
MOM-28.6%
YOY-46.6%
Current1.0
DSF
Talking points:
Months of inventory
represents the
relationship between
buyers and sellers. While
Metro Denver has enjoyed
a stronger market than
national numbers as a
whole, a 6 month supply
of inventory is generally
accepted as a market in
equilibrium.
Supply vs. Demand- Baseline
DSF
In 2019 Denver is experiencing another Extreme Seller’s Market, this metric shows
signs of another compressed cycle. The toughest months for buyers is likely to be
from March through May, with more options available beginning in June through
October.
Supply vs. Demand- By Price Band
DSF
Rapidly declining inventory in the 4th quarter pushed the market into a deep seller’s
market in December. Inventory is incredibly tight leaving few options for buyers.
Supply vs. Demand- By Zip Code
ASF+DSF
Insufficient
Data
Supply vs. Demand - Units for Balance
DSF
The blue bar represents the total active units we had in December vs. the red bar
shows the amount of inventory we would need to offset demand and create a market
in equilibrium. In December Metro Denver had 22.1% of the inventory required to
offset demand.
Supply vs. Demand - Listing Deficiency
ASF+DSF
Insufficient
Data
Pricing
HighAvg: $547,894 May 2019
Med:$465,000 May 2019
AverageAvg: $357,114
Med: $293,292
LowAvg: $225,104 Jan 2009
Med:$175,000 Jan 2009
MOMAvg: -0.6%
Med: -0.6%
YOYAvg: +5.2%
Med: +4.7%
CurrentAvg: $519,707
Med: $445,000
DSF
Talking points:
December’s closed
prices demonstrated
similar gains as
previous years in this
cycle. The bulk of
price appreciation
was established early
in 2019 with growth
slowing in the later
part of the year.
Pricing - Baseline
DSF
Since we can not track average sold price until a property closes this metric lags actual contracts
written in the market. Beginning in February and taking hold by March we saw prices start to
rise through the Compression Cycle. In summer months supply rises, demand tapers off and
prices fall back.
Pricing - 2019 Baseline
DSF
When the anticipated monthly percentage change in price is applied to the actual
dollar amount, Metro Denver did not quite reach the same level of velocity as seen in
this real estate cycle in previous years.
Pricing - 2019 Baseline
DSF
Median sold price also tapered early in 2019, peaking in May. Same as the percentage
change in average sold price since this metric can not be tracked until a property
closes it drags behind actual market activity.
Pricing - 2019 Baseline
DSF
When the anticipated monthly percentage change in median price is applied to the actual dollar
amount Metro Denver, 2019 has fallen short of the anticipated appreciation seen in previous
years. Affordability issues are finally be surfacing in Denver.
Pricing - Average Price by Zip Code
ASF+DSF
Insufficient
Data
Close to List Price Ratios
High101.8% Jun 2015
Average98.7%
Low96.8% Dec 2010
MOM-0.1%
YOY+0.3%
Current98.9%
DSF
Talking points:
Bidding wars picked
up beginning in
February, continuing
through May. While
the market is still
strong in 2019, it’s
slightly less strong
than 2018. Buyers
would be wise to
take advantage of
negotiating power
starting in July
through October.
Close to List Price Ratios-Baseline
DSF
Close to list price ratio as another closed metric is lagging behind current market
activity. 2019 Shows consistently more negotiating power than previous years in this
cycle.
Close to List Price Ratios- By Price Band
DSF
Multiple offers are most likely between March through May. Homes at lower price
points are still showing evidence of more competitive transactions than at higher
price points, even heading into a traditionally slower season.
Close to List Price Ratios- By Zip Code
ASF+DSF
Insufficient
Data
Close to Original Price Ratios-Pricing it Right The First Time
DSF
If homes are priced correctly the first time they will sell faster and for more money.
Approximately 1 in 4 homes are under contract in 7 days or less.
Price Reductions
DSF
High60.7% Dec 2010
Average36.4%
Low16.3% May 2015
MOM+1.4%
YOY-3.6%
Current45.0%
Talking points:
When tide shifts into the
summer months,
inventory grows and our
buyer pool recedes.
Sellers who are unaware
of our seasonal trends
may be caught off guard
and discover the need to
make price reductions as
early as June. Buyers
looking for increased
seasonal affordability
will be rewarded from
July-October.
Price Reductions - Baseline
DSF
More units so far in 2019 are choosing to make price reductions prior to closing. As of
December approximately 45.0% of homes that closed had at least one price
reduction.
Price Reductions - By Price Band
DSF
Price reductions are more likely at higher price points, this graph shows the total
count of listings that made changes to their original list price.
Price Reductions - By Zip Code
ASF+DSF
Insufficient
Data
Price Reductions
High
11% Jan 2011
Average
6.8%Low
4.1% Jun 2019
MOM
0.0%
YOY
+0.8%
Current
-4.6%
DSF
Talking points:
As the tide shifts into
the summer months
inventory grows and
our buyer pool
recedes. Sellers who
are unaware of our
seasonal trends may
be caught off guard
to discover the need
to make price
reductions as early
as June. Buyers
looking for increased
seasonal affordability
will be rewarded in
July-October.
Price Reductions - Baseline
DSF
2019 has shown that price reductions are more likely than previous years in this
cycle, but the size of the price reduction is smaller than what we would typically
expect.
Price Reductions - By Price Band
DSF
Higher price reductions are made at higher price ranges due to the shift of
relationship between supply and demand. The buyer pool at lower price ranges is
significantly larger than at higher price ranges. Few homes sell under $200k or over
$3M making these numbers more volatile.
Price Reductions - By Zip Code
ASF+DSF
Insufficient
Data
Time on Market
HighAvg: 125 Feb 2007
Med: 77 Feb 2007
Average/MedianAvg: 61
Med: 28
LowAvg: 19 May 2018
Med: 5 May 2018
MOMAvg: +20.6%
Med: +27.8%
YOYAvg: +2.5%
Med: -4.2%
CurrentAvg: 41
Med: 23
DSF
Talking points:
In February the
market typically picks
up forcing days on
market drop. Days on
market remain low
until June at which
point they begin to
grow again, until the
cycle repeats itself in
the next year.
Time on Market - Baseline
DSF
Average days on market reporting longer than anticipated in August and September
2019. We expect to see homes moving most quickly for those units closing in March,
April and May. Beginning in June and through the end of the year homes are
expected to spend more time on market.
Time on Market- By Price Band
DSF
Average Days on Market remain low for homes that are lower priced while higher
priced homes are spending more time on the market. Homes priced in the middle tier
are about 4-5 weeks to contract in December.
Time on Market- Baseline
DSF
Median days to contract 3 days longer than expected in December, again this metric
is most closely tied to units that went under contract in September. Time on market
will continue to grow through the end of the year.
Time on Market- By Zip Code
ASF+DSF
Insufficient
Data
Time on Market- Flash Sales
High63.3% May 2015
Average30.3%
Low5.5% Nov 2010
MOM-4.0%
YOY+3.1%
Current28.0%
DSF
Talking points:
The rate of flash sales
trends to its lowest point in
December through
February. Units under
contract in 7 days or less
peaks in April or May
annually. Units going under
contract in the first
weekend after June is less
likely.
Time on Market- Flash SalesBaseline
DSF
Slightly slower start for units that went under contract in the first weekend beginning
of 2019. The peak of the market was achieved in May this year. We expect flash sales
to taper through the end of the year.
Time on Market- Flash SalesBy Price Band
DSF
The market remains competitive at lower price points, while higher prices homes
tend to spend a few weekends longer on the market.
Time on Market- Flash SalesBy Zip Code
ASF+DSF
Insufficient
Data
Odds of Selling
High62.6% Mar 2018
Average38.9%
Low18.6% Jan 2011
MOM+1.4%
YOY+11.5%
Current57.0%
DSF
Talking points:
The odds of selling is a
calculation of all homes
available for sale vs
those that resulted in a
buyer and seller agreeing
to terms of a contract in
a specific month. The
highest odds of selling is
typically in the early
spring as inventory is at
it’s lowest and buyer
activity picks up quickly.
Odds of Selling- Baseline
DSF
The Odds of Selling can be an early market indicator as to how the upcoming months
will perform. While the odds of selling remains high, average prices are tapering off
which could be an indication of an affordability plateau.
Odds of Selling- By Price Band
DSF
The Odds of Selling are highest for homes where Denver’s demand continues to surge
which is for homes between $0 and $399,999.
Odds of Selling- By Zip Code
ASF+DSF
Insufficient
Data
Distressed
HighBank: 38.7% Jan 2009
SS: 12.2% Feb 2012
HUD: 8.4% Jan 2009
AverageBank: 9.1%
SS: 3.6%
HUD: 2.5%
LowBank: 0.0% May 2019
SS: 0.0% Mar 2019
HUD: 0.0% May 2019
MOMBank: 0%
SS: 0%
HUD:0%
YOYBank: 0%
SS:0%
HUD:0%
CurrentBank: 0.1%
SS: 0.1%
HUD: 0.1%
DSF
Talking points:
Buyers looking for
distressed
transactions will
likely be left empty
handed as Metro
Denver has reported
only a handful of
closing each month
for the last 3 years in
a row. 6 Distressed
properties closed in
December 2019.
Interest Rates
DSF
Current: 3.70%
MOM: 0.0%
YOY: -0.85%
Current: $519,707
MOM: -0.6%
YOY: +5.2%
Current: $2,146
MOM: -0.6%
YOY: -4.9%
Based on a 30 year fixed loan and a 10% down payment the recent reduction in interest
rates more than offsets the annual appreciation of a SFD home.
Index
Index
ASF+DSF
December 2019 MOM YOY December 2019 MOM YOY
Active 2,951 -23.0% -34.6% 1,627 -21.8% -15.7%
Under Contract 2,226 -21.7% 0.9% 1,054 -16.1% 20.5%
Sold 2,905 5.7% 20.6% 1,209 13.7% 28.3%
Expired 918 45.9% -8.7% 456 63.4% 16.6%
Odds of Selling 57.0% 1.4% 11.5% 52.1% 2.5% 8.2%
Close/List Price Ratio 98.9% -0.1% 0.3% 98.9% 0.1% 0.3%
Close/Original Price Ratio 96.8% -0.2% -0.5% 96.9% 0.0% 0.8%
Average Sold Price 519,707$ -0.6% 5.2% 371,708$ 2.4% 8.2%
Median Sold Price 445,000$ -0.6% 4.7% 305,000$ -1.3% 3.6%
% of Closed Transactions with Reduced Prices 45.0% 1.4% -3.6% 43.4% 2.1% 15.4%
Average Price Reduction from Original Price -4.6% 0.0% 0.8% -4.6% -0.1% 0.0%
Average DOM 41 20.6% 2.5% 41 24.2% 17.1%
Median DOM 23 27.8% -4.2% 24 20.0% 9.1%
Flash Sales 28.0% -4.0% 3.1% 27.5% -1.1% 12.1%
Months of Inventory 1.0 -28.6% -46.6% 1.3 -35.0% -35.0%
Dirstressed Transactions 0.2% 0.0% -0.1% 0.0% 0.0% -0.2%
Average Interest Rate 3.7% 0.0% -0.8% 3.7% 0.0% -0.8%
Average P&I Payment 2,146$ -0.6% -4.9% 1,535$ 2.4% -2.2%
Greater Metro Denver Update December 2019
MetricDetached Single Family Attached Single Family
This representation is based in whole or in part on content supplied by REcolorado®, Inc. REcolorado®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content
maintained by REcolorado®, Inc. may not reflect all real estate activity in the market. Dates shown on graphs for timeframes included. Adams, Arapahoe, Broomfield, Denver, Douglas,
Elbert, Jefferson. Average Interest Rate and Average P&I Payments are based on the value from FreddieMac.com using a 10% down payment on a 30 year fixed term. Mortgage calculations
are for informational use only and not a guaratnee. Please speak with licensed Loan Officer for details.
Index
ASF+DSF
Zip Code Avg Sold Price Avg DOMListing
DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %
Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%
80002 $ 428,664 36 13.1% 0.5 71.7% 98.1% 29.2% 45.8% -4.8%
80003 $ 352,738 27 17.4% 0.5 72.3% 99.8% 38.0% 40.0% -5.9%
80004 $ 445,350 39 17.1% 0.9 62.0% 99.2% 31.9% 51.1% -4.6%
80005 $ 473,009 27 26.8% 1.2 53.9% 98.8% 21.9% 40.6% -4.4%
80007 $ 579,516 42 41.1% 2.1 40.7% 99.0% 13.9% 41.7% -4.6%
80010 $ 318,471 43 16.2% 0.9 60.5% 99.2% 23.7% 42.1% -5.8%
80011 $ 312,984 31 17.6% 0.7 67.9% 99.7% 36.4% 36.4% -4.0%
80012 $ 273,532 30 11.2% 0.8 67.9% 98.9% 32.0% 42.0% -3.7%
80013 $ 350,307 24 10.1% 0.5 73.1% 99.7% 45.5% 30.6% -3.2%
80014 $ 289,148 35 20.1% 1.0 59.7% 98.3% 25.4% 43.7% -5.0%
80015 $ 402,785 32 15.8% 0.7 65.3% 99.4% 33.3% 40.2% -3.3%
Index
ASF+DSF
Zip Code Avg Sold Price Avg DOMListing
DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %
Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%
80016 $ 541,976 61 36.0% 1.9 44.3% 98.3% 11.5% 58.3% -5.0%
80017 $ 273,364 23 13.5% 0.7 67.7% 99.7% 32.8% 37.9% -3.6%
80018 $ 407,454 39 37.8% 1.9 48.0% 99.5% 28.9% 46.7% -4.0%
80019
80020 $ 432,569 31 18.3% 0.5 70.4% 98.7% 24.6% 56.5% -3.9%
80021 $ 426,582 30 16.2% 1.0 62.9% 99.3% 30.3% 33.3% -3.8%
80022 $ 387,127 50 19.4% 0.9 61.1% 99.2% 19.4% 59.2% -4.7%
80023 $ 613,307 57 36.8% 1.1 52.2% 98.6% 16.7% 47.9% -4.2%
80030
80031 $ 408,380 48 11.8% 0.6 66.9% 99.1% 27.1% 56.3% -5.2%
80033 $ 432,651 38 16.7% 0.6 69.9% 97.8% 40.5% 48.6% -5.2%
Index
ASF+DSF
Zip Code Avg Sold Price Avg DOMListing
DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %
Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%
80118
80120 $ 444,454 39 19.0% 0.8 64.0% 98.6% 26.2% 42.9% -4.5%
80121 $ 943,185 46 26.9% 1.3 49.4% 99.4% 45.5% 40.9% -6.0%
80122 $ 400,106 27 21.8% 0.8 58.5% 99.0% 37.2% 37.2% -4.0%
80123 $ 426,479 37 13.6% 0.6 68.3% 98.9% 31.5% 50.7% -4.3%
80124 $ 704,585 66 23.6% 1.7 46.3% 97.5% 10.0% 65.0% -4.6%
80125 $ 566,810 40 41.1% 1.7 46.6% 98.9% 25.0% 50.0% -4.1%
80126 $ 532,581 44 19.0% 1.0 59.9% 99.0% 16.7% 53.7% -4.3%
80127 $ 486,391 29 13.2% 1.0 63.4% 99.1% 37.0% 32.6% -4.7%
80128 $ 440,140 42 12.6% 0.7 65.2% 99.2% 25.5% 53.2% -5.4%
80129 $ 482,009 39 17.7% 0.8 66.4% 98.8% 31.0% 45.2% -3.7%
Index
ASF+DSF
Zip Code Avg Sold Price Avg DOMListing
DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %
Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%
80130 $ 536,776 28 11.1% 0.4 75.0% 99.2% 30.3% 27.3% -4.0%
80134 $ 513,698 51 33.8% 1.7 46.7% 98.7% 22.7% 52.1% -4.5%
80135
80138 $ 539,247 53 35.9% 1.4 47.6% 98.8% 12.5% 52.1% -5.2%
80202 $ 710,063 69 54.2% 3.8 30.6% 98.0% 25.0% 62.5% -7.9%
80203 $ 362,922 60 41.3% 2.1 40.0% 97.6% 14.8% 59.3% -10.4%
80204 $ 514,892 57 38.3% 2.2 40.6% 98.7% 18.3% 50.0% -3.5%
80205 $ 502,344 36 25.7% 1.2 50.0% 99.0% 25.5% 51.1% -5.4%
80206 $ 1,021,853 22 26.1% 1.2 50.7% 97.8% 48.3% 27.6% -6.4%
80207 $ 521,596 32 21.0% 0.7 62.7% 100.0% 41.5% 41.5% -5.3%
80209 $ 931,450 45 42.9% 1.8 42.6% 98.2% 29.2% 50.0% -5.6%
Index
ASF+DSF
Zip Code Avg Sold Price Avg DOMListing
DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %
Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%
80210 $ 771,857 46 27.2% 1.3 48.3% 97.7% 32.1% 42.9% -5.6%
80211 $ 640,466 36 36.1% 1.5 43.3% 98.2% 24.7% 44.2% -5.0%
80212 $ 595,291 36 30.3% 1.6 51.4% 98.7% 42.1% 26.3% -5.2%
80214 $ 405,078 31 20.5% 1.3 51.2% 98.8% 23.8% 42.9% -6.2%
80215 $ 580,847 39 9.7% 0.7 62.9% 99.1% 45.0% 35.0% -9.6%
80216
80218 $ 442,443 38 35.8% 1.9 43.9% 98.4% 21.7% 34.8% -6.5%
80219 $ 342,595 31 12.6% 0.8 64.8% 98.3% 25.5% 40.0% -5.9%
80220 $ 632,928 46 24.8% 1.1 53.3% 98.3% 33.9% 39.3% -8.0%
80221 $ 371,176 27 18.3% 1.1 57.2% 98.9% 28.6% 42.9% -4.6%
80222 $ 484,262 39 17.6% 1.2 57.3% 99.1% 27.6% 44.8% -4.8%
Index
ASF+DSF
Zip Code Avg Sold Price Avg DOMListing
DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %
Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%
80223 $ 418,256 51 12.3% 0.7 64.0% 100.2% 40.0% 44.0% -6.4%
80224 $ 441,553 38 30.8% 1.9 46.0% 98.8% 40.0% 50.0% -4.6%
80226 $ 425,358 18 15.9% 1.1 57.3% 99.2% 45.0% 30.0% -5.2%
80227 $ 421,822 35 12.7% 0.5 70.3% 98.8% 33.3% 50.0% -4.7%
80228 $ 439,688 45 15.2% 0.6 66.9% 99.1% 18.4% 61.2% -5.2%
80229 $ 300,330 27 10.5% 0.7 65.1% 100.2% 27.1% 37.3% -3.8%
80230
80231 $ 375,042 36 26.4% 1.2 52.3% 98.5% 21.1% 47.4% -4.0%
80232 $ 355,668 34 10.0% 0.6 71.9% 98.8% 33.3% 38.1% -6.7%
80233 $ 355,162 28 5.7% 0.3 82.4% 99.8% 38.7% 35.5% -3.5%
80234 $ 356,687 43 14.5% 0.5 66.7% 98.6% 35.1% 40.5% -5.1%
Index
ASF+DSF
Zip Code Avg Sold Price Avg DOMListing
DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %
Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%
80235
80236 $ 364,789 26 27.3% 0.8 63.5% 99.0% 31.8% 36.4% -7.4%
80237 $ 416,538 40 18.6% 1.2 57.6% 98.0% 18.2% 48.5% -6.9%
80238 $ 575,848 40 12.9% 0.5 72.9% 99.8% 27.4% 43.5% -3.3%
80239 $ 343,605 22 4.4% 0.2 78.5% 99.5% 38.5% 15.4% -2.6%
80241 $ 388,052 30 12.5% 0.5 67.2% 99.7% 45.8% 33.3% -4.1%
80246
80247 $ 252,883 61 31.3% 1.5 49.2% 98.2% 24.5% 52.8% -5.0%
80249 $ 357,670 27 17.9% 0.7 65.2% 99.6% 36.1% 29.5% -3.9%
80260 $ 287,996 28 19.0% 0.6 60.6% 99.0% 42.3% 30.8% -3.8%
80401 $ 565,649 48 26.3% 1.2 51.8% 98.0% 30.3% 39.4% -5.2%
Index
ASF+DSF
Zip Code Avg Sold Price Avg DOMListing
DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %
Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%
80403
80433
80439 $ 880,313 79 43.3% 2.0 42.2% 96.7% 9.4% 53.1% -5.5%
80454
80457
80465 $ 639,379 60 20.0% 1.1 56.2% 99.2% 61.9% 19.0% -5.7%
80470
80601 $ 361,777 50 31.0% 1.5 51.9% 99.3% 25.9% 46.3% -3.2%
80602 $ 496,832 51 28.1% 1.2 50.3% 99.1% 18.2% 39.8% -4.0%
80603
80640 $ 361,669 49 13.5% 0.6 69.6% 98.2% 17.4% 47.8% -4.8%
Index
ASF+DSF
Zip Code Avg Sold Price Avg DOMListing
DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %
Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%
80642
80643
Personal Mission Statement
I am committed to helping our clients and their buyers and sellers complete smooth transactions, from initial contract all the way to First American’s closing tables.
Sourcing Page
Megan Aller
First American Title Insurance Company
720-229-6641
Title insurance license: 360158
Real estate license: FA100080623, SkyLightPark LLC
REALTOR NRDS: 219534435
Included in this presentation include data from the following sources:
This representation is based in whole or in part on content supplied by REcolorado®, Inc. REcolorado®, Inc. does not
guarantee nor is it in any way responsible for its accuracy. Content maintained by REcolorado®, Inc. may not reflect all
real estate activity in the market. Dates shown on graphs for timeframes included.
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