It was a good day for Denver in the news..
and also.. from The Denver Business Journal –
“Two reports detailing the metro Denver single-family resale home market show it continues to improve year-over-year as the number of sales grew, average sales prices increased and the time it took to sell a house dropped more than a month.
The December report from Metrolist Inc., released Monday, shows there were 3,400 homes sold that month, an 8 percent drop from the number sold in November but an 8 percent increase in the number sold in December of 2011.
Average days on the market continued its year-over-year plunge as December’s 73-day average is 32 percent below the 107-day average posted a year earlier.
Metrolist officials said there’s only one way to describe the real estate situation here: a seller’s market.
“All over the country, home sales in the winter months proved to be a bright spot in the headlines,” Kirby Slunaker, president of Metrolist, said in a statement. “The average sales price for a Denver-area closing in December was $289,926, a noticeable jump from November’s average prices.”
That average sales price was 1 percent higher than November and a 14 percent increase over the $253,986 sales price posted in December 2011.
“It was a really strong month,” said Chad Ochsner, broker/owner of Re/Max Alliance, based in Arvada. “While we saw a little seasonal slowdown, I think December was busy for a couple of reasons: The weather was warm and dry at the beginning of the month, and sellers of high-end inventory decided to sell before the year end because of possible ‘fiscal cliff’ capital-gains tax increases.
Ochsner said Re/Max Alliance offices in the Denver area sold 742 homes in December, a 13 percent increase from the 663 sold in December 2011.
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Dennis Huspeni covers real estate and retail for the Denver Business Journal and writes for the “Real Deals” blog. Phone: 303-803-9232.