Denver Monthly Market Update – Condominium/Townhome

Denver Metro Area – Condominiums and Townhomes (Attached Dwellings)

 

Denver includes the 6 counties that makeup the Metro area (Adams, Arapahoe, Broomfield, Denver, Douglas and Jefferson).  Information provided by ReColorado/Matrix Information Services.

 

YTD Comparison:

DENVER ATTACHED DWELLINGS 2017 YTD 2018 % Change
Total Units Sold 15,995 10,635
Average Sales Price $316,406 $348,048 +10%
Median Sales Price $266,700 $295,000 +10.6%
Average Days to Contract 42 55 +31%

 

(Attached Dwellings – % Under Contract)

ATTACHED DWELLINGS Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
UNDER $250K 71% 66% 67% 67% 72%   76% 77% 80% 78% 73% 68% 61% 58%
$250K-$500K 62% 56% 57% 59% 62%   67% 68% 68% 67% 64% 59% 55% 52%
$500K-$750K 42% 37% 42% 45% 47%   52% 52% 55% 54% 51% 50% 50% 48%
$750K – $1MM 23% 35% 33% 33% 42%   36% 38% 33% 42% 43% 34% 33% 23%
$1MM + 25% 25% 29% 35% 33%   40% 35% 37% 36% 37% 36% 36% 33%
OVERALL             64% 64% 65% 65% 61% 57% 53% 51%

 

 

(Attached Dwellings – Inventory)

ATTACHED DWELLINGS Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
DENVER 3809 3833 3804 3598 3106   2763 2956 3165 3449 3575 3676 3949 3842

 

 

(Attached Dwellings – # Sold)

ATTACHED DWELLINGS Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
DENVER 1148 1563 1266 1305 1242   858 950 1210 1198 1452 1497 1402 1427

 

(Attached Dwellings – Absorption Rate in Months) Based off 6-month sales average

ATTACHED DWELLINGS Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
DENVER           1.63 4.17 2.63 2.83 2.65 3.15 3.08 3.07 2.81