July 2012 Real Estate Market Conditions
One of the main advantages to a group like this is having insight into what the Real Estate market is doing across the nation. Following are some stats for the Denver metro area for July 2012 compared to July 2011.
Bottom line...more homes are selling, homes are selling faster and homes are selling for higher prices! What is it like in your market?
Residential Single Family (% Change from July 2011)
Active = 9,087 (down 35%)
Pending and Under Contract = 5,675 (up 23%)
Sold = 3,713 (up 20%)
Average Days on Market = 64 (down 35%)
Average Sold Price = $312,920 (up 5%)
Tags: 1031, directed, estate, exchange, home, investing, ira, prices, property, real, More…
Replies to This Discussion
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Permalink Reply by Patrick Anderson on -
Jeremy,
Do you use the MLS for rentals in your area? In the Los Angeles area the MLS is not explotied and I see this as an area that agents can make additional income doing rent ups for investors that want to manage their own properties. For a property that I own in the Phoenix area the agent made money on the sale and then found us a tenant which we paid him one months rent for putting on the MLS, showing the property. As the market changes we need to look at additional income streams. Also those tenants become potential clients when they are ready to buy. -
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