Good News and Upbeat Tone on Denver Real Estate!

1. ay 2009 • Issue 11
HUD chief sees early signs of housing turnaround: WASHINGTON (Reuters) -- The U.S. housing
market is showing some early signs of a turnaround, but its too early to say if a full recovery is
underway, Housing and Urban Development Secretary Shaun Donovan said on Wednesday.
read more here
March sees highest total dollar volume sales in Eagle County: Vail Valley saw the highest total
dollar volume of real estate sales of any month so far this year in March, with more than $59.3 million
in sales. read more here
Pending Home Sales Rise, Housing Affordability Near Record: Pending home sales rose with many
first-time buyers taking advantage of historically good housing affordability conditions, according to
the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator
based on contracts signed in March, increased 3.2 percent to 84.6 from a level of 82.0 in February, and
is 1.1 percent higher than March 2008 when it was 83.7. read more here
RealtyTrac: Denver foreclosures down 46% from a year ago: Foreclosure filings in the Denver
metro area declined nearly 46 percent in the first three months of 2009 from the same period a year ago,
according to data from RealtyTrac Inc. read more here
Colorado's economic future: Change on the Horizon: Compared to the country as a whole, Colorado
didn’t fare too badly in 2008. Not to say that everything is great; retail, hospitality and real estate took
especially hard hits. But there are some bright spots beginning to poke through the economic clouds for
the year ahead. read more here
A Look at Case-Shiller Numbers, by Metro Area: The S&P/Case-Shiller home-price index, a closely
watched gauge of U.S. home prices, continued to post declines in February but the pace stopped setting
records after 16 consecutive months. Dallas, Denver, Cleveland, Boston and Charlotte managed to
avoid double-digit year-over-year declines. read more here
The Elite Eight
Denver neighborhoods that saw the highest average sale
price increase in 2008:
Baker: Average Sold Price = $255,000; + 8% in 2008.
Insert your logo to left Berkeley East: Average Sold Price = $314,000; + 7% in 2008
Insert your name, company Cherry Creek: Average Sold Price = $1,161,000; + 11% in 2008
Address, email, telephone East Highland: Average Sold Price = $296,000; + 7% in 2008
Here
Platt Park South: Average Sold Price = $402,000; + 4% in 2008
Rosedale: Average Sold Price = $360,000; +17% in 2008
University Hills: Average Sold Price = $303,000; + 6% in 2008
Wash Park East: Average Sold Price = $705,000; + 8% in 2008