What to Know About The Denver County Home Sales Boom

What to Know About The Denver County Home Sales Boom

July 13, 2021 Comments Off on What to Know About The Denver County Home Sales Boom By admin

Real estate is a key driver of property values in the state of Colorado, and in many ways it’s more important than ever for counties to be in a position to sell their homes to help balance their budgets.

But when it comes to the Denver metro area, the real estate market has seen a resurgence in recent years, and many of the areas home sales are not coming to fruition.

The metro area is in the midst of a home price bubble that is driving a boom in home prices, and a growing number of counties are experiencing their own home sales slowdown, according to the Colorado Association of Counties.

According to data from Zillow, the Denver metropolitan area has the largest number of sales per square foot in the nation, at 9.5 per square mile, while the metro area with the most home sales per capita is San Diego County, with just over 1,300 homes sold per square miles in 2015.

As of March, there were 1,890 sales per 100,000 residents in the Denver area, which is higher than any other county in the United States, according the Association of County Realtors.

While that may sound like a lot, it is actually lower than the national average of 4.7 per 100 the association says it has experienced, according a report from Zucke.

The association said its report does not include sales at auction, which the association also attributes to the current economic downturn.

In San Diego, there are currently 886 home sales in the county, which puts the county on pace for more sales than any county in Colorado.

The number of home sales is down slightly from the previous year, as the number of homes sold dropped from 9,955 homes in 2015 to 8,073 homes in 2016, according Zillows data.

But the number is still above the national figure of 7,068, according Tom Rizzo, a Zillowing analyst.

The San Diego county has seen an uptick in home sales as well.

The county’s home sales increased by 6.5 percent in the second quarter of 2016, a slight increase from the 7.5 percentage increase in the first quarter of this year, the association reported.

But that decrease is due to fewer sales at the auction stage, and sales in certain neighborhoods that are not as attractive to buyers as others, according Rizzow.

That trend is likely to continue.

Meanwhile, the number one seller for the county is the Denver-based company Sotheby’s, which sold more than 3,300 home sales during the first three months of this fiscal year.

That number is expected to rise further as the holiday season draws closer, and as the metro market expands, said Rizzon.

While there is no data on when those sales will come to fruition, sales will definitely increase as the holidays get underway, said Zillower.

If you want to see where your home is selling at, check out the Denver Real Estate Market Index.

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