Northwest Denver Market Statistics for April 2009

And now for a look at the Northwest Denver market Statistics for the month of April 2009. 

Some general info regarding our statistics: all data is courtesy of Metrolist, Incorporated. Metrolist does not guarantee nor is in any way responsible for its accuracy. Aside from the disclaimer, we are looking at residential statistics for the DNW (Denver North West) market area within Metrolist’s system. Residential properties can be detached single family residences, duplexes, or triplexes. Anything with more than three units or a HOA (home owners association) isn’t going to be captured here. We’ve put together a list of the actual sold properties for your reference as well.

Average Net Sales Price

We’re on a bit of a see saw here but our average net sales price for April 2009 is just slightly up from April 2008. I would venture to guess that we’ll see an uptick in May and hopefully a subsequent bump again for June as those two months are typically the heart of the selling season and some better inventory is starting to come on the market.

Number of Properties Sold

We’re making some steady progress in this department. I can tell you from the data out there right now for properties under contract we should see a significant spike in number of homes sold in May. Things will most likely continue their upward trend through the end of summer. At least with this graph there is something of trend rather than the chaos we’ve been seeing in some other areas.

Distribution of Properties Sold by Price Range

Same old, same old in this area. A few higher end new homes are selling off from last fall but the big picture is that the core of our sales continue to be in the $200,000 to $300,000 range.

Average Days on Market

Things are starting to smooth out for time on market as well. While 82 days isn’t a great number, we are seeing some stabilization in the market and we’re still ahead of last April.