8 Jun
Colorado Real Estate Stats – May 2009
Posted on 2009 under Castle Pines Real Estate, Castle Rock Colorado Real Estate, Castle Rock Homes For Sale, Colorado Real Estate, Denver Colorado Real Estate, Denver Real Estate, Douglas County Colorado Community News, Douglas County Colorado Real Estate, Douglas County Homes for Sale, Elizabeth CO homes for sale, Elizabeth Colorado, Highlands Ranch Colorado, Larkspur Colorado Homes for Sale, Lonetree Colorado, Mile High Real Estate, Parker Real Estate | No Comment Colorado seems to have bottomed out with the curve and we are seeing noticeable trends to the upside based on last year 2008 to 2009. We are also seeing the absorption rates of a few areas start to hit around that 6-8 month moving average of inventory. Rates are still down and this is considered to be a good trend to watch as signs of recovery continue to bolster the economic conditions in the marketplace.
| Category | May-08 | May-09 | % Change |
| #Of Closed Sales – Month | 3,717 | 2,857 |
-23.1%
|
|
#Of Closed Sales – YTD
|
14,714
|
12,104
|
-17.7%
|
|
Avg. Days On Market
|
99
|
104
|
5.1%
|
|
# Of Active Listings
|
20,287
|
15,669
|
-22.8%
|
|
# Of NEW Listings
|
9,242
|
7,093
|
-23.3%
|
|
Absorption Rate (in months)
|
5
|
6
|
1.5%
|
|
Average Price (Sold)
|
276,374
|
262,066
|
-5.2%
|
Overall residential sold activity was down 23% in May and 17.7% year to date. Last month we trailed 2008 in closing by 15%. Inventory levels remain below 2008 by 23% and average sold price decreased to $262,066.
Douglas County West (DCW)
|
Category
|
May-08
|
May-09
|
% Change
|
|
#Of Closed Sales – Month
|
149
|
122
|
-18.1%
|
|
#Of Closed Sales – YTD
|
629
|
469
|
-25.4%
|
|
Avg. Days On Market
|
126
|
163
|
29.4%
|
|
# Of Active Listings
|
1,557
|
1,428
|
-8.3%
|
|
# Of NEW Listings
|
571
|
478
|
-16.3%
|
|
Absorption Rate (in months)
|
10
|
12
|
13.9%
|
|
Average Price (Sold)
|
387,334
|
341,256
|
-11.9%
|
May 2009 posted 122 closing for DCW a decrease of 18% over this time last year with year to date closings down 25%.Overall Inventory decreased by 8.3%. Absorption increased to to 12 months.
Douglas Elbert Parker (DEP)
|
Category
|
May-08
|
May-09
|
% Change
|
|
#Of Closed Sales – Month
|
197
|
150
|
-23.9%
|
|
#Of Closed Sales – YTD
|
718
|
575
|
-19.9%
|
|
Avg. Days On Market
|
104
|
135
|
29.8%
|
|
# Of Active Listings
|
1,356
|
1,096
|
-19.2%
|
|
# Of NEW Listings
|
546
|
383
|
-29.9%
|
|
Absorption Rate (in months)
|
6.5
|
7.3
|
12.6%
|
|
Average Price (Sold)
|
376,259
|
338,889
|
-9.9%
|
May 2009 posted 24% fewer closing than last year at this time with year to date closings off by 20%. Avg days on market increased to 135 days a 30% increase over last year. Only 383 new listings came on the market last month a 30% decrease over 2008.
Douglas Highlands Ranch Lone Tree (DHL)
|
Category
|
May-08
|
May-09
|
% Change
|
|
#Of Closed Sales – Month
|
206
|
135
|
-34.5%
|
|
#Of Closed Sales – YTD
|
693
|
502
|
-27.6%
|
|
Avg. Days On Market
|
69
|
82
|
18.8%
|
|
# Of Active Listings
|
678
|
714
|
5.3%
|
|
# Of NEW Listings
|
456
|
449
|
-1.5%
|
|
Absorption Rate (in months)
|
3.4
|
5.1
|
51.5%
|
|
Average Price (Sold)
|
374,808
|
349,744
|
-6.7%
|
DHL also posted lower closing for May 2009 down 34% for the month and down 27.6% year to date. Avg days on market increased to 82 days and a sharp increase in absorption rate to 5.1 months an increase of 51%.
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