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December
2005
The saying "Wait 'til next year" has been popular for Denver
Broncos fans and maybe this is "next year," now that the
Broncos are in the play offs. Maybe this (2006) will be the "next
year" for real estate in Jefferson County. The figures for December
did not provide us with much more than the hope that 2006 will the
The Year!
The
number of active listings for single family homes was up 8.7% and
for condo/townhomes the end of month inventory was up 8.9%. Sales
went the other direction. Residential sales were down 6.7%. Condo/townhome
sales dropped 7.8%. The Days on Market also increased in most areas.
It
should be noted that the percentage of increase of inventory for
Jefferson County was not as much as for Metrolist in total and the
drop in sales for homes in Jefferson County was not as severe as
was the Metrolist total. However, sales of condo/townhomes for all
of Metrolist was higher than year.View
the numbers.
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November
2005
I'm
afraid there is not a lot of good news to report. Overall, the month
of November ended with more inventory than last year and fewer sales.
The absorption rate increased, and in four out of six areas the days
on market increased. This was true for both single family homes and
condo/townhouses. This is certainly not what we want to hear!
There
is some good news! JFS, for the second month in a row, ended the
month with less inventory, more sales and a lower absorption rate.
Days on market, however, increased. View
the numbers.
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October
2005
Opps! What happened? For the first time since April, (the month this
report started) the total inventory of homes for sale for all 6 areas
for the "plains" of Jefferson County increased! Not by much,
but an increase none the less. The increase for Jefferson County was
nothing when compared to the figures for all of the metro Denver area.
In total, the number of Jefferson County homes sold increased only
slightly. But, again, better than the overall Denver area. The average
selling price does appear to be going higher, but because of concessions,
it is hard to know for sure. The Condo/Townhouse picture remains very
uncertain. Overall the inventory is up, as are the sales, and the
Absorption Rate is better, but the Days on Market are longer in all
but one area.
View the numbers.
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September
2005
The
trend of overall less inventory and a better absorption rate for Jefferson
County homes, mentioned last month, has continued in September. However,
four areas ended the month with more inventory (last
month only one had more inventory) and two areas had a higher (longer)
absorption rate (the same as last month.) In September, the two month
trend (July, August) of higher total home sales did not continue.
It was only 8 units less, but none the less a drop. Also disturbing
are the days on market, higher in all areas.
There are no apparent trends for condo/townhomes. For the second month
in a row, the inventory of condo/townhomes has increased, but so too
have the number of units sold. The absorption rate increased in three
areas.
It continues to be difficult to draw any conclusions about changes
in the average selling price, since seller concessions are not taken
into consideration for this calculation. View
the numbers.
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August
2005
A
trend is continuing! For the fifth consecutive month since this report
was initiated in April, both the end of month inventory of Jefferson
County homes and the absorption rate have improved. Two areas (JFS
and JSC) do have more have more inventory and two areas (JFS and JNC)
had fewer sales. The Days on Market, however, are longer in all areas
but one (JNC)
The
condo/townhouse picture also has a continuing trend, but not in
the right direction. For the fourth consecutive month, total units
available in Jeffco are more than last year even though three areas
did see a drop in active listings. The number of units sold were
basically the same. The absorption rate was longer in four of six
Jefferson County areas while Days on Market were less in four of
our six areas. View
the numbers.
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July
2005
At this
time of year hope springs eternal for Denver Bronco fans and for REALTORS
here in the Denver area. The Broncos will go to the Super Bowl again
and the real estate market will return to its glory! Maybe this is
happening!!
As
of the end of July, the inventory of home in Jefferson County was
down 9.7%, while sales for July were up 14.8%. The absorption rate
was also down. The only negative for the home front was the days
on market, where all areas of Jefferson County, but one increased.
The
picture for condo/townhouses is not as promising. While listings
were down in total number, three areas had a noticeable increase.
Sales in total were down, the absorption rate was higher and the
days on market increased overall. It looks like it will be a bit
longer before we will see a rebound in condos/townhouses.
View
the numbers.
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June
2005
There
is some good news for the month of June! The number of homes and condo/townhomes
now listed for sale in Jefferson County is down from last year and
the average selling price is up in all but 2 areas. Overall in the
"flatlands" of the county, slightly more properties were
sold. However, in 5 of 6 areas for homes and in 4 of 6 areas for condo/townhomes
there were fewer sales than a year ago and the absorption rate became
longer in most areas. The average days on market also increased in
most areas. Compared to last month the absorption rate was better
in most areas. Maybe there's light at the end of the "proverbial
tunnel." View
the numbers.
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May
2005
Although there are some encouraging signs, overall,
the results for the month of May 2005 continue to show that we remain
in a buyers' market. The average "Days on Market" in most
areas of Jefferson County (10 out of 12) is longer this year than
it was last year, and for most areas (4 out of 6) single-family home
sales were down. However, because overall we had fewer listings, the
absorption rate was less in most areas (8 out of 12). The bright spot,
if you're a seller, is that the average price is higher in all areas
for single-family homes and in half of the areas for condos/townhouses.
View the numbers.
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April
2005
This is the first of what is hoped will be a monthly report and brief
analysis of MLS activity within Jefferson County.
As
with any statistical report many conclusions can be drawn depending
upon what is deemed of importance to the observer.
One
of the more interesting areas of last months report is that the
average asking price for condo/townhomes in the "flatlands"
is lower in every area. Also worth noting is that the average days
on market is longer this year than last year in almost every area
in both detached homes and condo/townhomes. Continuing with the
negative news is that the average selling price in each area for
detached homes is lower than last year.
But
to end on a positive note, the months of inventory (absorption rate)
is lower in almost every area. Which means that because of the relationship
of the sales activity to the inventory we are heading in the right
direction.
The
bottom line is that a seller should not be overly aggressive in
the pricing of their home.
View
the numbers.
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to top)
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