RE/MAX Professionals

METROPOLITAN DENVER REAL ESTATE STATISTICS

AS OF AUGUST, 2011

Snapshot
Aug, '11

Prior
Month

Year Ago

Prior
Month

Year Ago

Residential (Single Family plus Condo)

Active
Under Contract
Sold
Avg DOM
Avg Sold Price
Absorption Rate

16,631
17,583
23,146
4,537
4,250
3,966
3,973
3,835
3,079
99
101
95
$260,821 $270,066 $268,767
5.72
6.16
6.80

-5.41%
6.75%
3.60%
-1.98%
-3.42%
-7.14%

-28.15%
14.40%
29.04%
4.21%
-2.96%
-15.88%

13,436
14,014
17,837
3,552
3,386
3,189
3,177
3,082
2,474
96
99
94
$235,000 $237,000 $239,900
$284,065 $298,654 $295,516
5.77
6.13
6.68

-4.12%
4.90%
3.08%
-3.03%
-0.84%
-4.88%
-5.87%

-24.67%
11.38%
28.42%
2.13%
-2.04%
-3.87%
-13.62%

3,195
3,569
5,309
985
864
777
796
753
605
111
109
100
$130,000 $123,150 $130,000
$168,050 $153,058 $159,382
5.51
6.26
7.24

-10.48%
14.00%
5.71%
1.83%
5.56%
9.79%
-11.98%

-39.82%
26.77%
31.57%
11.00%
0.00%
5.44%
-23.90%

Single Family

Active
Under Contract
Sold
Avg DOM
Median Sold Price
Avg Sold Price
Absorption Rate
Condo

Active
Under Contract
Sold
Avg DOM
Median Sold Price
Avg Sold Price
Absorption Rate

Footnotes: Active, Under Contract, and Sold presented as # of units.

Avg DOM = Average Days on Market
This representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.

2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

RE/MAX Professionals
METROPOLITAN DENVER REAL ESTATE STATISTICS
AS OF AUGUST 31, 2011

Snapshot - YTD
YTD 2011 YTD 2010

YTD 2009

%
Change
11 vs '10

%
Change
11 vs '09

Residential (Single Family plus Condo)

Active
Under Contract
Sold
Avg DOM
Avg Sold Price

16,631
23,146
33,485
36,169
26,643
27,328
110
85
$257,436 $256,349

20,225
39,564
27,708
102
$240,746

-28.15%
-7.42%
-2.51%
29.41%
0.42%

-17.77%
-15.36%
-3.84%
7.84%
6.93%

13,436
17,837
26,856
28,693
21,346
21,612
107
84
$229,950 $230,019
$281,964 $281,599

15,302
31,619
21,982
101
$217,100
$262,028

-24.67%
-6.40%
-1.23%
27.38%
-0.03%
0.13%

-12.19%
-15.06%
-2.89%
5.94%
5.92%
7.61%

3,195
5,309
6,629
7,476
5,297
5,716
119
89
$124,000 $134,950
$158,593 $160,878

4,923
7,945
5,726
105
$135,000
$159,046

-39.82%
-11.33%
-7.33%
33.71%
-8.11%
-1.42%

-35.10%
-16.56%
-7.49%
13.33%
-8.15%
-0.28%

Single Family

Active
Under Contract
Sold
Avg DOM
Median Sold Price
Avg Sold Price

Condo

Active
Under Contract
Sold
Avg DOM
Median Sold Price
Avg Sold Price

Footnotes: Active, Under Contract, and Sold presented as # of units.

Avg DOM = Average Days on Market
This representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.

2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

RE/MAX PROFESSIONALS
METROPOLITAN DENVER REAL ESTATE STATISTICS
AS OF AUGUST 31, 2011
Based
On Properties
Under Contract
This Month
Last Month
Percentage Change

Based
On Properties
Closed

4,537
4,250
6.8%

3,973
3,835
3.6%

This Month, Last Year

Percentage Change,
+
Compared To This Year

3,966
14.4%

3,079
29.0%

Year to Date, This Year

Year to Date, Last Year
Percentage Change
-

33,485
36,169
7.4%

26,643
27,328
2.5%

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.

UNSOLD HOMES ON THE MARKET:

This Month
This Month, Last Year
Percentage Change
This Month
Last Month
Percentage Change

16,631
23,146
28.1%

16,631
17,583
5.4%

WEEKLY SALES RATE:

This Month
This Month, Last Year

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.

6.30%
3.96%

AVERAGE PRICE OF PROPERTIES CLOSED:

This Month
Last Month
This Month, Last Year
Year to Date Average, This Year
Year to Date Average, Last Year

Residential
$260,821
$270,066
$268,767
$257,436
$256,349

Condos
$168,050
$153,058
$159,382
$158,593
$160,878

Single
Family
$284,065
$298,654
$295,516
$281,964
$281,599

Condos
$130,000
$123,150
$130,000
$124,000
$134,950

Single
Family
$235,000
$237,000
$239,900
$229,950
$230,019

MEDIAN PRICE OF PROPERTIES CLOSED:

This Month
Last Month
This Month, Last Year
Year to Date Median, This Year
Year to Date Median, Last Year

2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

RE/MAX Professionals
Greater Metropolitan Denver Real Estate Statistics
Rolling Three Month Information
SINGLE FAMILY
Month

JUN
JUL
AUG

# Active

15,440
15,229
14,662

# Sold

3,295
3,082
3,177

Average
Sold
Price

Median
Sold
Price

$292,230 $240,000
$298,654 $237,000
$284,065 $235,000

YTD
#
Sold

YTD
Average
Sold
Price

YTD
Median
Sold
Price

15,087
18,169
21,346

$278,113 $226,500
$281,597 $228,500
$281,964 $229,950

YTD
#
Sold

YTD
Average
Sold
Price

CONDOMINIUMS AND TOWNHOUSES

Month

JUN
JUL
AUG

# Active

4,140
3,874
3,502

# Sold

785
753
796

Average
Sold
Price

Median
Sold
Price

$158,463 $125,525
$153,058 $123,150
$168,050 $130,000

3,748
4,501
5,297

YTD
Median
Sold
Price

$157,697 $122,000
$156,921 $122,165
$158,593 $124,000

Source: Metrolist, Inc.

The above representation may or may not reflect all real estate activity in the market.

2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

$284,065
$260,821

$298,654
$270,066

$292,230
$266,493

$279,443

$271,969
$248,991
$158,438

$257,177

$273,877
$249,644
$159,854
4

$200,000

$265,277

$277,922
$252,307

$258,597

$225,000

50
$168,05

$153,058

$158,463

$160,051

$155,656

$166,84
41

$165,113

$150,085

$100,000

$159,119
9

$125,000

$154,913

$150,000

Residential
Single Family
Condos

$175,000
$159,382
2

Dollars

$250,000

$268,767

$275,000

$242,704

$274,625
$253,168

$287,048
$261,750

$281,466

$290,025

$300,000

$260,929

$295,516

Greater Metropolitan Denver Real Estate Statistics

Monthly Average Sales Price

Aug, Sep, Oct, Nov, Dec, Jan, Feb, Mar, Apr, May, Jun, Jul, Aug,
'10 '10 '10 '10 '10 '11 '11 '11 '11 '11 '11 '11 '11
Month

2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

3,9
973
3,177

3,835
5
3,082

3,295

3,732
3,036

2,735

3,209
2,527

2,,422

Residential
SingleFamily

1,724

1,770
459

Condo

432

2,28
80
562

1,500

2,142
2

2,3
321
637

2,000
2,000

2,474
2

2,500

2,229

2,156

3,024

2,66
66

3,000

2,,842

2,958

3,500

3,079

4,000

3,429

4,500

4,080
4

GreaterMetropolitanDenverRealEstateStatistics
MonthlyClosedUnits

Aug,'10 Sep,'10 Oct,'10 Nov,'10 Dec,'10 Jan,'11 Feb,'11 Mar,'11 Apr,'11 May,'11 Jun,'11

796

753

785

696

694

682

602

524

500

605

1,000

Jul,'11 Aug,'11

2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

GreaterMetropolitanDenverRealEstateStatistics
MonthlyMedianSalesPrice

$235,000

$237,000

$240,000

$230,000
$

$222,000

$225,000

0,000
$220

$225,000

$200,000

$225,000

$233,990

$230,250

$230,000
$

$225,000

$239,900

$250,000

$175,000

SingleFamily
Condos
C d

$130,000

$123,150

$125,525

$123,525

$121,200

$120,000

$124,780

$124,995

900
$139,9

$125,000

$123,500

$100,000

$129,000

$125,000

$130,000

$150,000

Aug,'10
Aug,
10 Sep,
Sep,'10
10 Oct,
Oct,'10
10 Nov,
Nov,'10
10 Dec,
Dec,'10
10 Jan,
Jan,'11
11 Feb,
Feb,'11
11 Mar,
Mar,'11
11 Apr,
Apr,'11
11 May,
May,'11
11 Jun,
Jun,'11
11 Jul,
Jul,'11
11 Aug,
Aug,'11
11

2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

GreaterMetropolitanDenverRealEstateStatistics
Greater
Metropolitan Denver Real Estate Statistics
MonthEndInventoryofUnsoldHomes

13,436 16,631

17,,583
14,014

18
8,026
14,215

17
7,888
13,958

7,847
17
13,874

17,3
358

17,707
13,712

13,714

14,000

13,393

17
7,890

18,257
1

19,881

21,360

16,000

13,941

18,000

15,232

17,,625

20,000

17
7,837

22,000

16,473
3

24,000

22,88
80

26,000
,

23,14
46

28,000

12,000

4,88
87

4,649
9

4,316

4,176

3,965

3,995

3,973

3,930

3,811

3,569

3,195

6,000

5,255

8,000

5,3
309

10,000

Aug,'10

Sep,'10

Oct,'10

Nov,'10

Dec,'10

Jan,'11

Feb,'11

Mar,'11

Apr,'11

May,'11

Jun,'11

Jul,'11

Aug,'11

4,000
2,000

Residential

SingleFamily

Condo

2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

GreaterMetropolitanDenverRealEstateStatistics
MonthlyUnderContractUnits
4,761
3,828
933

537
4,5

4,777
3,858
919

4,250

4,749
3,878

3,552

3,386

2,887
684

3,571

3,693
953
2,9
740

2,692

7
3,147
2,514

2,482

2,000

2,132

3,706
2,9
957
749

3,000

3,189

3,101
1

3,645
2,9
936

4,000

709

3,966

5,000

871

6 000
6,000

Aug,'10 Sep,'10 Oct,'10 Nov,'10 Dec,'10 Jan,'11 Feb,'11 Mar,'11 Apr,'11 May,'11 Jun,'11
Residential

SingleFamily

Condo

2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

Jul,'11

985

864

633

560
5

619

777

1,000

Aug,'11

GreaterMetropolitanDenverRealEstateStatistics
UnderContractandClosedUnits
d
d l d i
7
4,537
3,973

4,250
3,835

4,7
761
4,080

4,7
777
3,732

3,429

3,571

2,229

3,209
3

3,693

47
3,14
2,156

024 2,692
3,0

3,101
2,666

3,706
2,84
42

2,000

3,645

3,000

3,079

4,000

958
2,9

3,966

5,000

749
4,7

6,000

1,000
1 000

Aug, '10
Aug,
10 Sep,
Sep, '10
10 Oct,
Oct, '10
10 Nov,
Nov, '10
10 Dec,
Dec, '10
10 Jan,
Jan, '11
11 Feb,
Feb, '11
11 Mar,
Mar, '11
11 Apr,
Apr, '11
11 May,
May, '11
11 Jun,
Jun, '11
11 Jul,
Jul, '11
11 Aug,
Aug, '11
11
UnderContract

Closed

2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

GreaterMetropolitanDenverAugustYearToDateAveragePrice
ClosedProperties 1990to2011
$350,000

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0
90

91

92

93

94

95

96

97

98

SingleFamily

99

00
Cond

01

02

03

04

05

Residential

2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

06

07

08

09

10

11

$2,000,000

$6,858,879

$7,005,501

$6,670,591

$8,547,474

$10,191,306

$10,354,534

$10,271,311

$7,988,635

$7,942,214

$6,718,266

$5,857,032

$4,058,721

$3,732,1
190

$3,136,082

$2,803,631

$2,302,534

$1,781,694

$4,000,000

$1,658,444

$6,000,000
$6,000,000

$3,163,740

$8,000,000

$5,132,450

$10,000,000

$7,726,919

$12,000,000

$9,513,511

GreaterMetropolitanDenverClosedDollarVolume
August YearToDate($000's)

$0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

SingleFamily
Condo
Residential

0
90
91
94
95
96
97
8,042
7,790
7,776

01
02
03
04
05
06
07

2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

5,716
5,297

08

5,726

21,3
346

21,612

21,982

27,708

26,643

27,328

33,136

35,503
27,727
26,296

35,334

36,788

35,801

27,544

28,746

27,921

31,593

32,588
24,663
24,094

33,094

31,429
24,021
24,777

31,594

30,520

26,552

25,766

24,106

23,413

20,50
00

20,081

23,055

25,378

40,000

6,840

7,880

00
7,499

99
7,925

98
8,317

7,408

6,052

93
7,488

5,685

17,827

19,915
5

24,608

35,000

7,107

5,228

5,000
5,463

92
19,664
4

21,646

17,583

30,000

4,944

15,000
17,708

14,467

17,450

25,000

3,938

3,116

10,000
13,953

20,000

3,497

GreaterMetropolitanDenverClosedRealEstateTransactions
AugustYearToDate

09
10
11

SingleFamily

Condo

Residential

04

05

06

07

09

10

$229,950

$230,019

$217,100

$225,000
08

$124,000

03

$134,950
0

02

$135,000
0

$153,900

$250,000

$158,500

$251,000

$160
0,000

$247,000

$157,,000

$236,200

$230,000

$220,000

$153,0
000

$139,95
50

$148,9
975

$50,000

$123,895

$100,000

$105,000

$150,000

$140,00
00

$200,000

$191,000

$250,000

$168,400

$300,000

$214,000

GreaterMetropolitanDenverAugust
YearToDateMedianPrice Closed

$
99

00

01

SingleFamily

Condo

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11