Courtesy of Land Title Guarantee CO.
Market Analysis % Change Year over Year 2016 vs 2017: After a huge jump last month here is a surprise; Monetary volume ($151,871,354) in November 2017 was down 18% from November 2016. Transactions (230) also down 14% from November 2016. YTD 2017, monetary volume is up by 17% and transactions are up 4% compared to YTD 2016. The pace for our record setting year is cooling but a strong December will put us right at our 2006 numbers.
Comparative Historical Cost Analysis; -Average Indicators for $: Single Family +16%, Multi- Family +15% and Vacant Land -5%. Median Indicators for $: Single Family +17%, Multi- Family +16% and Vacant Land -9%.
Luxury Market Maintains growth; -YTD 2017; 311 properties sold for a $1M and over -YTD 2016; 203 properties sold at $1M and over -YTD 2015; 182 properties at $1M and over. That’s up 70% in two years!
Time on Market; Demand is still very strong,however median days on market is creeping up; it was 25 days for December 2016, only 13 days in July '17 and 31 days in November '17. Move quickly if you see something you like, it's not going to wait for you.
Buyer Demographics; -Front Range; 43% -Local including relocating; 29% -Out of State; 28% -International; 0%. -32% of the real estate closings were ca$h tran$action$.
The market is Red Hot. Join the Property Appreciation Party.
We still have tremendous demand and less than 330 current listiings.
Now is the time to buy before price go higher! There may never be a better time. Call me now.