august 2014 denver metro market report

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  • ARVADA

    Search Homes For Sale in Arvada Here

    Arvada Map by Zip Codes

  • 8 54279

    493.0 20

    4.0

    11

    67

    4.0 64

    45

    3

    9

    0.25 - 0.50acre

    46

    $ 400,000

    17

    0

    64

    4.0

    6,501 -8,000 sqft

    34.0

    2023 6,501 -8,000 sqft

    63

    $ 281,000

    4.0

    1318,001 -

    10,000 sqft$ 522,393

    4.0$ 750,000

    9

    24

    3072

    The market appears to be hovering around this plateau. Look fora persistent change in the Market Action Index before we seeprices deviate from these levels.

    The market has been cooling over time and prices plateaued for awhile. Despite the consistent decrease in MAI, we're in the Seller'szone. Watch for changes in MAI. If the MAI resumes it's climb, priceswill likely follow suit. If the MAI drops consistently or falls into theBuyer's zone, watch for downward pressure on prices.

    Even though the days-on-market is trending higher, so is theMarket Action Index at these inventory levels, providing a neutraloutlook for the market.

    ARVADA, COHomestead Title &Escrow's ExecutiveSummary

    63

    2660

    2.0

    Monday August 25, 2014

    The median list price in ARVADA, CO this week is $469,900.

    Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

    Most expensive 25% of properties

    Upper-middle 25% of properties

    Lower-middle 25% of properties

    Least expensive 25% of properties

    Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

    Homestead Title & Escrow | 303-815-1300

    No change Strong upward trend Strong downward trendSlight upward trend Slight downward trend

    + == =

    Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2014 Altos Research LLC

    Single Family Homes

    Median Lot Size

    50.2

    Percent Relisted (reset DOM)

    2753

    3.0

    6 %

    Median Number of Bathrooms

    73

    Median List Price

    Average Days on Market (DOM)$ 160

    Percent Flip (price increased)

    8,001 - 10,000 sqftMedian House Size (sq ft)

    $ 469,900

    53 %

    4.0

    Market Action Index

    Median Number of Bedrooms

    Asking Price Per Square Foot

    5 %Percent of Properties with Price Decrease

    Strong Seller's

    ++==

    Bottom/Fourth

    Lower/Third

    Upper/Second

    Top/First

    This Week

    Supply and Demand

    Real-Time Market Profile Trend

    Price

    Price Trends

    Market Action Index

    The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

    QuartilesCharacteristics per Quartile

    7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

    7-Day Rolling Average 90-Day Rolling Average

  • AURORAAurora Map by Zip Codes

    Search Homes For Sale in Aurora Here

  • 8 73878

    373.0 12

    3.0

    21

    73

    4.0 117

    26

    16

    27

    0.25 - 0.50acre

    36

    $ 315,000

    48

    6

    118

    4.0

    6,501 -8,000 sqft

    113.0

    1817 6,501 -8,000 sqft

    117

    $ 222,450

    4.0

    978,001 -

    10,000 sqft$ 469,000

    4.0$ 584,525

    7

    50

    2973

    The market appears to be hovering around this plateau. Look fora persistent change in the Market Action Index before we seeprices deviate from these levels.

    The market has been cooling over time and prices plateaued for awhile. Despite the consistent decrease in MAI, we're in the Seller'szone. Watch for changes in MAI. If the MAI resumes it's climb, priceswill likely follow suit. If the MAI drops consistently or falls into theBuyer's zone, watch for downward pressure on prices.

    The Market Action index has been trending down lately, whiledays-on-market is climbing, providing mostly bearish signs for themarket.

    AURORA, COHomestead Title &Escrow's ExecutiveSummary

    117

    2269

    2.0

    Monday August 25, 2014

    The median list price in AURORA, CO this week is $369,000.

    Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

    Most expensive 25% of properties

    Upper-middle 25% of properties

    Lower-middle 25% of properties

    Least expensive 25% of properties

    Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

    Homestead Title & Escrow | 303-815-1300

    No change Strong upward trend Strong downward trendSlight upward trend Slight downward trend

    + == =

    Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2014 Altos Research LLC

    Single Family Homes

    Median Lot Size

    61.2

    Percent Relisted (reset DOM)

    2640

    3.0

    9 %

    Median Number of Bathrooms

    58

    Median List Price

    Average Days on Market (DOM)$ 142

    Percent Flip (price increased)

    6,501 - 8,000 sqftMedian House Size (sq ft)

    $ 369,000

    48 %

    4.0

    Market Action Index

    Median Number of Bedrooms

    Asking Price Per Square Foot

    4 %Percent of Properties with Price Decrease

    Strong Seller's

    ++==

    Bottom/Fourth

    Lower/Third

    Upper/Second

    Top/First

    This Week

    Supply and Demand

    Real-Time Market Profile Trend

    Price

    Price Trends

    Market Action Index

    The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

    QuartilesCharacteristics per Quartile

    7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

    7-Day Rolling Average 90-Day Rolling Average

  • BOULDERBoulder Map by Zip Codes

    Search Homes For Sale in Boulder Here

  • 25 24361

    842.0 34

    3.0

    0

    146

    3.0 34

    68

    2

    1

    0.25 - 0.50acre

    42

    $ 684,000

    3

    1

    35

    2.5

    1.0 - 2.5acres

    12.5

    1824 1.0 - 2.5acres

    34

    $ 484,500

    4.0

    2031.0 - 2.5

    acres$ 949,250

    4.0$ 1,697,000

    43

    4

    3331

    In the last few weeks we've seen prices in this zip code bouncingaround this plateau. Look for a persistent down-shift in theMarket Action Index before we see prices deviate from theselevels.

    While prices have recently plateaued, this is a buyer's market andthe supply of homes listed has started growing relative to demand.This indicates that prices could easily resume a downward trend inconjunction with the MAI. Prices are unlikely to move significantlyhigher until there is a persistent upward shift in the MAI.

    Inventory and days-on-market are climbing, while the MarketAction Index has been flat recently. The trends point to aweakening market.

    BOULDER, CO 80302Homestead Title &Escrow's ExecutiveSummary

    34

    2730

    1.5

    Monday August 25, 2014

    The median list price in BOULDER, CO 80302 this week is $749,000.

    Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

    Most expensive 25% of properties

    Upper-middle 25% of properties

    Lower-middle 25% of properties

    Least expensive 25% of properties

    Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

    Homestead Title & Escrow | 303-815-1300

    No change Strong upward trend Strong downward trendSlight upward trend Slight downward trend

    + == =

    Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2014 Altos Research LLC

    Single Family Homes

    Median Lot Size

    26.7

    Percent Relisted (reset DOM)

    2893

    2.0

    1 %

    Median Number of Bathrooms

    125

    Median List Price

    Average Days on Market (DOM)$ 289

    Percent Flip (price increased)

    1.0 - 2.5 acresMedian House Size (sq ft)

    $ 749,000

    38 %

    3.0

    Market Action Index

    Median Number of Bedrooms

    Asking Price Per Square Foot

    9 %Percent of Properties with Price Decrease

    Buyer's Advantage

    ++==

    Bottom/Fourth

    Lower/Third

    Upper/Second

    Top/First

    This Week

    Supply and Demand

    Real-Time Market Profile Trend

    Price

    Price Trends

    Market Action Index

    The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

    QuartilesCharacteristics per Quartile

    7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

    7-Day Rolling Average 90-Day Rolling Average

  • BROOMFIELDBroomfield Map by Zip Codes

    Search Homes For Sale in Broomfield Here

  • 8 24242

    583.0 14

    3.0

    5

    85

    4.0 52

    23

    7

    11

    0.50 - 1.0acre

    30

    $ 421,500

    19

    5

    53

    4.0

    6,501 -8,000 sqft

    33.0

    1720 4,501 -6,500 sqft

    52

    $ 265,000

    4.0

    1898,001 -

    10,000 sqft$ 535,000

    4.0$ 924,452

    8

    14

    3130

    Again this week we see a downward notch for prices. Pricescontinue to pull back from the market's highs. The Market ActionIndex is a good leading indicator for the durability of this trend.

    The market has been cooling off a bit in recent weeks, as morehomes are available and demand is less. We're already seeing pricesmove lower as a result. Expect this trend to contin