Denver Colorado Real Estate, An Investment Opportunity
by Henry Springs
Denver, the mile high city as it is called is seeing brighter days with "sales of existing homes" rising as much as 24 percent this past Nov. in comparison to 2003. The economy has been characterized by continued growth in commercial and residential developments, as well as smaller increases in the work force and real income. For sale signs reached record highs this past spring but there was little incentive for home prices and sales to show more than "modest gains." Sales of previously sold homes "dipped," remaining on the market longer while high end homes started to sell again.
The year closed on a positive note and if interest rates don't rise and mild weather continues there could be more sales activity to spur on the market in the new year. The same thing could happen later in the spring. There are a lot of could haves in the Denver market depending on whether interest rates increase and the market of home buyers increase.
Analysts feel consumer confidence initiated the increase in home sales at the end of 2004, picking up from a slight slump in 2003. Inventories increased and homes remained on the market longer, an average of 93 days this year compared to 87 in the previous. The price of a single family home in February was $225,000 compared to $225,500 in January. 13.4 percent fewer homes were listed under contract with buyers in April 2004 than 2003. Homes under contract for the first quarter of 2004 also declined 12.6 percent in comparison to 2003. Some home owners are waiting for their current properties to sell before putting their old ones on the market others are selling, buying newer, larger properties before their old ones sell. It's an overall situation that has led to a slight increase in prices, selling time, and the inventory of Denver's residential market.
Inventory build up is a determiner in the market just like any place else. There was no considerable change in sales activity for Denver's metro market until the latter part of the year. There was a "pretty good supply" of homes that had been built up over the rest of the year before November's sales statistics showed a double digit gain to the previous November. 23,212 homes were listed for sale in the metro area last Feb, an increase of only 1 percent from a year before. Sales showed some sign of picking up in the first quarter but significant increases weren't tallied until the fall and fourth quarters. Analysts feel buyers' confidence was bolstered by election returns, low and still falling interest rates and plenty of choices from a large inventory.
In the end a "suffering economy" wasn't enough to deter buyers from pursuing the American dream of
owning a home. By year's end a 30 year fixed mortgage of 5.69 percent in Nov. had decreased from 5.74 in
Oct. for metro Denver home buyers. Denver, like Phoenix, appears to be benefiting from a housing market
on the rise. Though there is no funnel of continued population growth and lack of growth in the job sector "mortgage rates have been a godsend," says Executive Vice President at Coldwell Bank Chris Mygatt. Mortgage rates are now what is controlling "the pace of sales," especially in the Denver area where there is
lack of any other factors like a sudden population increase to deplete inventories and send median prices rising. For the moment the majority of Denver will be content on watching it's steadily rising skyline as well as its inventory of homes.
Median prices will keep place with inflation and maybe out perform it. Those who want to stake more of a claim in the market will be satisfied they are making a strong investment in their future despite its ambivalent performance. With 2005 already upon us and interest rates showing no signs of accelerating any time soon it would be safe to say that Denver's growth will continue as long as there are avid buyers to take advantage of the favorable conditions and the variety the market has to offer.
BOSTON
(Rental and Sales Help)
http://4rentinboston.blogspot.com/
http://forsaleinboston.blogspot.com/
CAPE COD
http://capecodmassachusetts.blogspot.com/
NEW YORK CITY
(The What's Up? Rentals and Sales Info)
http://4rentinnewyorkcity.blogspot.com/
http://forsaleinnewyork.blogspot.com/
BROOKLYN ,NEW YORK
http://4rentinbrooklyn.blogspot.com/
http://forsaleinbrooklyn.blogspot.com/
http://brooklynlofts.blogspot.com/
THE NEW YORK HAMPTONS INFO
http://hamptonsny.blogspot.com/
http://newyorkgolf.blogspot.com/
PHILADELPHIA
(Hot Real Estate Info)
http://4rentinphilly.blogspot.com/
http://forsaleinphiladelphia.blogspo/
PHILADELPHIA NEWS SOURCE FOR FUN
http://phillynews.blogspot.com/
http://phillycheesesteaks.blogspot.com/
THE JERSEY SHORE
(Hot Vacation Areas for Renting, Buying and Selling)
http://brigantinenewjersey.blogspot.com/
http://jerseyshorefishingreport.blogspot.com/
http://capemaynewjersey.blogspot.com/
http://oceancitynewjersey.blogspot.com/
http://atlanticcitynewjersey.blogspot.com/
http://margatenewjersey.blogspot.com/
http://wildwoodnewjersey.blogspot.com/
http://avalonnewjersey.blogspot.com/
http://newjerseygolf.blogspot.com/
http://newjerseyfishing.blogspot.com/
FLORIDA
(The Scoop on the Hottest Housing and Vacation Market)
http://orlandoflorida.blogspot.com/
http://miamibeachflorida.blogspot.com/
http://daytonabikeweek.blogspot.com/
http://southbeachflorida.blogspot.com/
http://floridascubadiving.blogspot.com/
http://daytonaspeedway.blogspot.com/
http://floridagolfing.blogspot.com/
http://floridafishinginfo.blogspot.com/
COLORADO
(Great Ski Resorts Rentals, Sales and Happenings)
http://4rentincolorado.blogspot.com/
http://coloradoskiing.blogspot.com/
http://aspenskiing.blogspot.com/
http://forsaleinaspen.blogspot.com/
http://4rentinaspen.blogspot.com/
http://telluridecolorado.blogspot.com/
http://vailcolorado.blogspot.com/
http://flyfishingincolorado.blogspot.com/
LOS ANGELES CALIFORNIA
(Entertainment and Free Housing Searches)
http://losangelescalifornia.blogspot.com/
http://forsaleinlosangeles.blogspot.com/
http://californiasurfing.blogspot.com/
http://californiagolf.blogspot.com/
http://californiafishing.blogspot.com/
http://californiascubadiving.blogspot.com
http://4rentinlosangeles.blogspot.com/
SAN FRANCISCO
(Superb Living and Visiting)
http://4rentinsanfrancisco.blogspot.com/
http://forsaleinsanfrancisco.blogspot.com/
http://sanfrancisconightlife.blogspot.com/
HAWAII
(Relocate to or Vacation in the Hawaiian Islands)
http://4rentinthehawaiianislands.blogspot.com/
http://forsaleinhawaii.blogspot.com/
http://hawaiisurfinginfo.blogspot.com/
http://hawaiiscubadiving.blogspot.com/
http://hawaiianfishinginfo.blogspot.com/
http://hawaiigolfinfo.blogspot.com/
Other Useful Blogs
Pod casting Information
http://publicpod.blogspot.com/
Hot Vacation and rental Markets
http://hotspothomes.blogspot.com/
Humor
http://bigbullshitter.blogspot.com/
Some Great Rentals
Brigantine,New Jersey House For Rent
4 Bedroom 2 Bath Ocean front Home For Rent $2500. weekly
Listen to the waves from this vacation house or gaze at the astounding Casino views!
http://www.brigantine4rent.com/default.asp_Q_f_E_cpg_A_pg_E_ViewListings
Brigantine,NJ Store for rent
http://www.brigantine4rent.com/default.asp_Q_f_E_cpg_A_pg_E_ViewCommercialProperty
Moorestown,New Jersey Condo for rent
http://www.brigantine4rent.com/default.asp_Q_f_E_cpg_A_pg_E_MoorestownRental
Search Nationwide Rental Listings
The entire Jersey Shore rental listings (Free searches and Property Postings)
www.brigantine4rent.com
LA Rental listings (Free searches and Property Postings)
www.4rentinlosangeles.com
San Francisco Rental listings (Free searches and Property Postings)
www.4rentinsanfrancisco.com
New York City rental listings (Free searches and Property Postings)
www.4rentinnyc.com
Florida Vacations and Florida rental listings
www.4rentinmiamibeach.com (Free searches and Property Postings)
www.4rentinorlando.com (Free searches and Property Postings)
Colorado Ski Vacations and Colorado rental listings
www.4rentincolorado.net (Free searches and Property Postings)
Hawaii Vacations and Hawaii rental listings (Free searches and Property Postings)
www.4rentinthehawaiianislands.com
Search the Hottest Housing Markets
www.hotspothomes.com
Denver, the mile high city as it is called is seeing brighter days with "sales of existing homes" rising as much as 24 percent this past Nov. in comparison to 2003. The economy has been characterized by continued growth in commercial and residential developments, as well as smaller increases in the work force and real income. For sale signs reached record highs this past spring but there was little incentive for home prices and sales to show more than "modest gains." Sales of previously sold homes "dipped," remaining on the market longer while high end homes started to sell again.
The year closed on a positive note and if interest rates don't rise and mild weather continues there could be more sales activity to spur on the market in the new year. The same thing could happen later in the spring. There are a lot of could haves in the Denver market depending on whether interest rates increase and the market of home buyers increase.
Analysts feel consumer confidence initiated the increase in home sales at the end of 2004, picking up from a slight slump in 2003. Inventories increased and homes remained on the market longer, an average of 93 days this year compared to 87 in the previous. The price of a single family home in February was $225,000 compared to $225,500 in January. 13.4 percent fewer homes were listed under contract with buyers in April 2004 than 2003. Homes under contract for the first quarter of 2004 also declined 12.6 percent in comparison to 2003. Some home owners are waiting for their current properties to sell before putting their old ones on the market others are selling, buying newer, larger properties before their old ones sell. It's an overall situation that has led to a slight increase in prices, selling time, and the inventory of Denver's residential market.
Inventory build up is a determiner in the market just like any place else. There was no considerable change in sales activity for Denver's metro market until the latter part of the year. There was a "pretty good supply" of homes that had been built up over the rest of the year before November's sales statistics showed a double digit gain to the previous November. 23,212 homes were listed for sale in the metro area last Feb, an increase of only 1 percent from a year before. Sales showed some sign of picking up in the first quarter but significant increases weren't tallied until the fall and fourth quarters. Analysts feel buyers' confidence was bolstered by election returns, low and still falling interest rates and plenty of choices from a large inventory.
In the end a "suffering economy" wasn't enough to deter buyers from pursuing the American dream of
owning a home. By year's end a 30 year fixed mortgage of 5.69 percent in Nov. had decreased from 5.74 in
Oct. for metro Denver home buyers. Denver, like Phoenix, appears to be benefiting from a housing market
on the rise. Though there is no funnel of continued population growth and lack of growth in the job sector "mortgage rates have been a godsend," says Executive Vice President at Coldwell Bank Chris Mygatt. Mortgage rates are now what is controlling "the pace of sales," especially in the Denver area where there is
lack of any other factors like a sudden population increase to deplete inventories and send median prices rising. For the moment the majority of Denver will be content on watching it's steadily rising skyline as well as its inventory of homes.
Median prices will keep place with inflation and maybe out perform it. Those who want to stake more of a claim in the market will be satisfied they are making a strong investment in their future despite its ambivalent performance. With 2005 already upon us and interest rates showing no signs of accelerating any time soon it would be safe to say that Denver's growth will continue as long as there are avid buyers to take advantage of the favorable conditions and the variety the market has to offer.
BOSTON
(Rental and Sales Help)
http://4rentinboston.blogspot.com/
http://forsaleinboston.blogspot.com/
CAPE COD
http://capecodmassachusetts.blogspot.com/
NEW YORK CITY
(The What's Up? Rentals and Sales Info)
http://4rentinnewyorkcity.blogspot.com/
http://forsaleinnewyork.blogspot.com/
BROOKLYN ,NEW YORK
http://4rentinbrooklyn.blogspot.com/
http://forsaleinbrooklyn.blogspot.com/
http://brooklynlofts.blogspot.com/
THE NEW YORK HAMPTONS INFO
http://hamptonsny.blogspot.com/
http://newyorkgolf.blogspot.com/
PHILADELPHIA
(Hot Real Estate Info)
http://4rentinphilly.blogspot.com/
http://forsaleinphiladelphia.blogspo/
PHILADELPHIA NEWS SOURCE FOR FUN
http://phillynews.blogspot.com/
http://phillycheesesteaks.blogspot.com/
THE JERSEY SHORE
(Hot Vacation Areas for Renting, Buying and Selling)
http://brigantinenewjersey.blogspot.com/
http://jerseyshorefishingreport.blogspot.com/
http://capemaynewjersey.blogspot.com/
http://oceancitynewjersey.blogspot.com/
http://atlanticcitynewjersey.blogspot.com/
http://margatenewjersey.blogspot.com/
http://wildwoodnewjersey.blogspot.com/
http://avalonnewjersey.blogspot.com/
http://newjerseygolf.blogspot.com/
http://newjerseyfishing.blogspot.com/
FLORIDA
(The Scoop on the Hottest Housing and Vacation Market)
http://orlandoflorida.blogspot.com/
http://miamibeachflorida.blogspot.com/
http://daytonabikeweek.blogspot.com/
http://southbeachflorida.blogspot.com/
http://floridascubadiving.blogspot.com/
http://daytonaspeedway.blogspot.com/
http://floridagolfing.blogspot.com/
http://floridafishinginfo.blogspot.com/
COLORADO
(Great Ski Resorts Rentals, Sales and Happenings)
http://4rentincolorado.blogspot.com/
http://coloradoskiing.blogspot.com/
http://aspenskiing.blogspot.com/
http://forsaleinaspen.blogspot.com/
http://4rentinaspen.blogspot.com/
http://telluridecolorado.blogspot.com/
http://vailcolorado.blogspot.com/
http://flyfishingincolorado.blogspot.com/
LOS ANGELES CALIFORNIA
(Entertainment and Free Housing Searches)
http://losangelescalifornia.blogspot.com/
http://forsaleinlosangeles.blogspot.com/
http://californiasurfing.blogspot.com/
http://californiagolf.blogspot.com/
http://californiafishing.blogspot.com/
http://californiascubadiving.blogspot.com
http://4rentinlosangeles.blogspot.com/
SAN FRANCISCO
(Superb Living and Visiting)
http://4rentinsanfrancisco.blogspot.com/
http://forsaleinsanfrancisco.blogspot.com/
http://sanfrancisconightlife.blogspot.com/
HAWAII
(Relocate to or Vacation in the Hawaiian Islands)
http://4rentinthehawaiianislands.blogspot.com/
http://forsaleinhawaii.blogspot.com/
http://hawaiisurfinginfo.blogspot.com/
http://hawaiiscubadiving.blogspot.com/
http://hawaiianfishinginfo.blogspot.com/
http://hawaiigolfinfo.blogspot.com/
Other Useful Blogs
Pod casting Information
http://publicpod.blogspot.com/
Hot Vacation and rental Markets
http://hotspothomes.blogspot.com/
Humor
http://bigbullshitter.blogspot.com/
Some Great Rentals
Brigantine,New Jersey House For Rent
4 Bedroom 2 Bath Ocean front Home For Rent $2500. weekly
Listen to the waves from this vacation house or gaze at the astounding Casino views!
http://www.brigantine4rent.com/default.asp_Q_f_E_cpg_A_pg_E_ViewListings
Brigantine,NJ Store for rent
http://www.brigantine4rent.com/default.asp_Q_f_E_cpg_A_pg_E_ViewCommercialProperty
Moorestown,New Jersey Condo for rent
http://www.brigantine4rent.com/default.asp_Q_f_E_cpg_A_pg_E_MoorestownRental
Search Nationwide Rental Listings
The entire Jersey Shore rental listings (Free searches and Property Postings)
www.brigantine4rent.com
LA Rental listings (Free searches and Property Postings)
www.4rentinlosangeles.com
San Francisco Rental listings (Free searches and Property Postings)
www.4rentinsanfrancisco.com
New York City rental listings (Free searches and Property Postings)
www.4rentinnyc.com
Florida Vacations and Florida rental listings
www.4rentinmiamibeach.com (Free searches and Property Postings)
www.4rentinorlando.com (Free searches and Property Postings)
Colorado Ski Vacations and Colorado rental listings
www.4rentincolorado.net (Free searches and Property Postings)
Hawaii Vacations and Hawaii rental listings (Free searches and Property Postings)
www.4rentinthehawaiianislands.com
Search the Hottest Housing Markets
www.hotspothomes.com
posted by www.4rentincolorado.net at 4:16 AM
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