Denver Metro Market Trend Analysis - Denver Metro Selected Towns/Cities

This will be the last update in 2007. December's update will occur January 10, 2008.

As this year wraps up, I continue to find increasing agreement from the top producing REALTORS® that the Denver market is improving. You will note that - even though we are in the slower part of the year (holidays and winter) - that the market dynamics are improving. Of the communities sampled below, last month there were 8 Seller's Markets, 4 Buyer's Markets and 5 Neutral Markets. THIS MONTH, the composition is: 10 Seller's Markets, 4 Buyer's Markets and 3 Neutral Markets. HOWEVER, the composite of the selected areas did soften by about 0.3 months of inventory (inventory went up).

What does this mean? Well, given that a meaningful amount of buyer's drop out of the market during the Thanksgiving week, one would expect about a 0.25 months (or 1 week of 4 weeks in a month, or 0.25 months) of inventory increase -- just from the natural holiday inactivity. The overall context means that transaction levels stayed largely the same, adjusted for the holiday. Given the shocks related to the "subprime implosion", uncertainty about interest rates, rising oil, food and consumer prices, and the grossly misrepresented foreclosure rate in Colorado, the market is doing pretty well.

So, I hear the "So, what does that mean for me? How do price to sell in a market like this?"

Well, listen to your REALTOR® and price your home based on their professional opinion. Overpricing will actually cause you to lose out in the end. For more information, check out my main website: http://www.milehighhomehunter.com after Monday, December 10, 2007, for two articles: 1) A study about how overpricing actually led to a LOWER price when sold (not to mention the additional carrying cost) and 2) A study from the National Association of Realtors® about what your home improvements cost and what they earn you in the market place.

To receive these and other updates via email, join my subscriber list at the "Join My Email List" box at http://www.MileHighHomeHunter.com or my blog at http://www.MileHighMLS.com

Happy Chanukah, Merry Christmas and a joyous Holiday Season to all!

And remember, I am never too busy for any of YOUR referrals!

Michael Clarkson
RE/MAX Alliance - Westminster

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Market Trend Analysis - Denver Metro Selected Towns/Cities
Based on information from Metrolist, Inc. for the period November 2, 2007 until December 2, 2007.
Single Family Residences Between $100k and $1,000k
Excludes Housing Not Listed in MetroList
Note: Six (5.5 to 6.5) Months of Inventory Tends to Indicate Neutral Market, Over 6.5 Months a Buyer's Market, Under 5.5 Months a Seller's Market
					6
Locale	Active Listings	Prior 12 Months Sold	Sold per Month (Avg)	Months of Inventory (MOI)	Current Mkt State	Under Con-tract	Curr. Mo.  Vs. Ann'l Sold per Mo.	Under Cont-ract vs. 12 Mo. Sold
Arvada	579	1,432	119.3	4.9	Seller's Market	118	Buyer's Trend	-1%
Broomfield	296	814	67.8	4.4	Seller's Market	77	Seller's Trend	14%
Castle Rock	711	1,312	109.3	6.5	Buyer's Market	139	Seller's Trend	27%
Denver	4,232	7,785	648.8	6.5	Buyer's Market	813	Seller's Trend	25%
Erie	179	292	24.3	7.4	Buyer's Market	39	Seller's Trend	60%
Golden	445	703	58.6	7.6	Buyer's Market	55	Buyer's Trend	-6%
Highlands Ranch	316	901	75.1	4.2	Seller's Market	75	Buyer's Trend	0%
Lafayette	84	214	17.8	4.7	Seller's Market	16	Buyer's Trend	-10%
Lakewood	565	1,400	116.7	4.8	Seller's Market	147	Seller's Trend	26%
Littleton	903	3,040	253.3	3.6	Seller's Market	225	Buyer's Trend	-11%
Louisville	31	104	8.7	3.6	Seller's Market	8	Buyer's Trend	-8%
Northglenn	193	425	35.4	5.4	Seller's Market	41	Seller's Trend	16%
Parker	712	1,644	137.0	5.2	Seller's Market	100	Buyer's Trend	-27%
Superior	31	131	10.9	2.8	Seller's Market	10	Buyer's Trend	-8%
Thornton	783	1,593	132.8	5.9	Neutral Market	176	Seller's Trend	33%
West-minster	610	1,260	105.0	5.8	Neutral Market	124	Seller's Trend	18%
Wheat Ridge	151	306	25.5	5.9	Neutral Market	24	Buyer's Trend	-6%
Total of Selected Towns & Locales	10,821	23,356	1,946.3	5.6	Neutral Market	2,187	Seller's Trend	12%
Total MetroList*	20,603	36,391	3,032.6	6.8	Buyer's Market	3,175	Seller's Trend	5%
* Single Family Residences Only
http://www.MileHighHomeHunter.com
http://www.MileHighForeclosure.com
http://www.CashPathRealEstate.com
http://www.HomesInColorado.com/mclarkson
Note: This representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by Metrolist, Inc. may not reflect all real estate activity in the market.

Real Estate Update - December 2007

Here is a link to my "December Real Estate Update":

Click Here

This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

This month's issue includes topics such as:

"Should I Take My Home Off the Market During the Holidays?";
"How to Handle Low Ball Offers";
"Keeping Your Credit Clean";
"Investor Outlook";
"Reducing Utility Costs Doesn't Have to be High-Energy Task";

Plus a roundup of November real estate activity as well as much more advice and information.

I hope you enjoy this monthly newsletter. If you have any comments, please e-mail them to me. Or, if you would like to see a certain topic covered in future months, let me know that too!

Sincerely,

Michael Clarkson



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