Here we are, and I can’t believe it’s almost Fall! I can’t wait for the leaves to begin changing for my drive through some of Denver’s most colorful neighborhoods!
Here’s a snapshot of what August brought in the real estate market:
The average (including million dollar properties AND condos) days on market was 21 days – but if you are a buyer in the under $300k category, you know it is less…
The average sales price in Denver remained the same compared to last month at $367,000
The total number of properties sold was 4965 (almost the same at 4955 same time last year)
Active inventory is still low with 6838 listings in August
The average 30 year fixed rate on a mortgage at 3.89% with .6 points
Overall, our average sale price for the year is up 10.9% compared to 2014, and the average number of properties sold up 3.7% compared to 2014 – which is GREAT considering our inventory has been DOWN 27% compared to 2014!
Lori Vialpando Coldwell Banker Residential 303-324-5731 homes@lori-v.com
For a pdf version of the report click here: August
Lori Vialpando's Blog 