A4HB Homebuyer's Blog

How Quick Do They Sell?

How Quickly do Properties Sell? How Quickly do the Best Homes Sell? Percentage Under Contract in 14 Days or Less Percentage Under Contract in 5 Days or Less How Quickly do the Best Homes Sell? To address the question of how quickly homes sell, most real estate stats focus on the average number of days that homes are on the market before they go under contract. While these numbers may be important to people who own average houses, the critical question for a buyer is how long the best homes, or the best deals, are on the market before they

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Big Drop in Number of Sales

While housing prices haven’t moved much in either direction over the past few years, there has been nothing subtle about the changes in the number of sales in our local housing markets.  While there is certainly variation from one type of housing or one community to the next, sales for 2008 and 2009 were generally down 20% to 40% from prior years, with some drops of 50% and even 60%.  We’ve put together a variety of data on the number of home sales in our new real estate stats. In our section called Number of Sales, you’ll find data on the number of sales

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Big Drop in Number of Sales

While housing prices haven’t moved much in either direction over the past few years, there has been nothing subtle about the changes in the number of sales in our local housing markets.  While there is certainly variation from one type of housing or one community to the next, sales for 2008 and 2009 were generally down 20% to 40% from prior years, with some drops of 50% and even 60%.  We’ve put together a variety of data on the number of home sales in our new real estate stats. In our section called Number of Sales, you’ll find data on the number of sales on an annual

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Big Drop in Sales in 3rd Quarter 2010

In our last newsletter, we noted that one of the big stories in our local real estate markets over the past few years has been the dramatic drop in the number of home sales.  For most of the communities and housing types we track, sales in 2008 and 2009 were generally down 20-40% when compared to sales of prior years.  And drops of 50% or more haven’t been uncommon.  You can look at these stats in on our web site under Number of Sales, but here is an example for mid-sized houses. In that same section of our   web site, we’ve just posted stats

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What’s Happening with Home Prices?

In the 1990s, whatever your measure or area of focus, pricing stats consistently indicated increasing prices.  The current picture is much more complex. The big picture isn’t great, but it isn’t consistently bad either. Different measures provide different perspectives on what’s happening and the same measures provide varying results for different segments of our market. Broadly speaking, the FHFA House Price Index indicates that Denver metro area prices began dropping in the range of 1/2% to 1% annually since about the 3rd quarter of 2007.  This depreciation got significantly worse in the first two quarters of this year, with an annual price drop

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Number of Sales in 2010

One of the most striking changes in our local real estate market over the past few years has been the drop in the number of sales in every segment of the market.  In 2010, that trend continued and worsened.  Check out these data on the number of sales in local communities in recent years: Large Homes Mid-Sized Homes Small Homes Condos/Townhomes A quick glance at these charts makes it clear that the number of sales dropped by 10% to 20% in 2008, while 2010 sales were down from the prior peak by 30% to 40%.  The clearest exception are the larger homes, where

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