Real Estate Advisor-June 2019 Market Report Courtesy of Land Title Guarantee CO.
Market Analysis % Change 2019 vs 2018: Monetary volume ($125,183,437) in June 2019 was down 27% from June 2018. Transactions (179) were down 28% in from June 2018. YTD 2019 Monetary Volume is pacing 5% ahead of YTD June 2018, and transactions are down 10%. Inventory is at it's highest in years and sales slowed last month. It's opportunity time for buyers, call me now!
Comparative Historical Cost Analysis; Average Indicators for $: Single Family +15%, Multi- Family +5% and Vacant Land -8%. Median Indicators for $: Single Family +8%, Multi- Family +7% and Vacant Land -13%.
Luxury Market bouncing back big time!; -YTD '19 172 properties sold for a $1M and over -YTD '18; 143 properties sold at $1M and over -YTD '17; 144 properties sold at $1M and over.
Time on Market; Demand is strong again. Median days on Market was only 13 days in July '17 and dropped to an amazing median of 11 days on market for April 2018. February '19 was up to 34 but June was an unheard of 8 DOM! Average days have stayed up at 34 which means the some homes are selling quickly and many other places are sitting. Buyer Demographics; -Front Range; 31%, -Local including relocating; 35% -Out of State; 33% -International; 1%. 33% of transactions were Ca$h.
With almost 800 properties on the market right now the timing is perfect for you to find your dream in The Rockies!
The best time is right now! Call me today!