It is definitely fall in Denver with the cold reminder this week, the kids well back into their school schedules, and the fall colors in full swing! It is also a typical time of year when things start to cool down. We are seeing a lot of price reductions on homes that were initially over reaching on their sales price or homes that have been on the market longer than expected. The days of 15-20 offers is gone, HOWEVER homes that are priced right and marketed well still tend to go within the first weekend of being on the market.
The average sales price for August 2017 $428,000! Highest average sales price ever for month of August in Denver
Here’s what August brought to the real estate market in Denver:
- The average (including million dollar properties AND condos) days on market was 23 days
- The average sales price in Denver was$428,000 ($436k previous month, $403k last year same time)
- The total number of properties sold was 5111 (SLIGHTLY DOWN from same time last year 5136)
- Active inventory 6587 listings: DOWN from last month & DOWN -9.6% from last year
- The average 30 year fixed rate on a mortgage at 3.78% with .5 points
It takes a experienced agent in our Denver market these days, let me put my 16 years of experience to work for you! Contact me today!
Lori Vialpando Coldwell Banker Residential 303-324-5731 homes@lori-v.com www.Lori-V.com #DenverRealtorRuns #DenverMilitaryRealtor
For a pdf version of the report click here: Aug 17
Lori Vialpando's Blog 