Mack and Andi Durbin  Your Source for Residential and Commercial Real Estate Denver, Englewood, Littleton, Highlands Ranch, Arapahoe County, Douglas County and Jefferson County
		Archived Realty Times to read...
The March 2010 Realty Times Update
The First Time Homebuyer Tax Credit is really having an effect on the market.  Let’s look at the numbers. In February, the South Suburban Denver market had an increase in the number of listings from 449 to 511.  The number of homes under contract was up by 10% and the number of homes sold was up by 15%. Even more importantly, the Average Sold price was up!  From $213,000 in January to $357,000 in February.  That is an incredible increase and shows that distressed properties are definitely being absorbed.  Buyers are clearly starting to purchase high numbers of non-bank owned homes. The Denver metro market as a whole shows the same upward trend. Active listings are up 7.89% from the prior month.  Under contract listings are up almost 20% from December and up just over 3% from a year ago. The really good news is seen in the sold statistics.  Metro area home sales were up almost 4% over December.  The average sold price was up almost 4% in January from December and up almost 14% from a year ago. If you want to take advantage of the Homebuyer Tax Credit, you must be under contract no later than 4/30 and must close no later than 6/30.  It is unlikely that this will be extended so don’t wait.  Have more questions?  We can give you more details on specific areas of Denver real estate. Call (303) 881-8844 or email today. GRAB YOUR TAX CREDIT! The Federal stimulus home buyer tax credit has been extended through April 2010 and, in even better news, an additional credit for those who sell a home they have lived in for the past 5 years and purchase another are eligible for a tax credit as well. Buyers, are you ready to purchase Douglas County real estate or Jefferson County real estate?  We're ready now to assist you in your next home purchase. Sellers, if you're ready to sell your home this year, now is the time to prepare because the real estate market is turning around.  Call us at (303) 881-8844 or drop us an e-mail now! Investors, are you looking for residential or commercial Arapahoe County real estate or Douglas County real estate? Visit our website at www.InvestingYourIRA.com.   We'd love to talk real estate with you!  Have questions or need more information about the local market, give us a call at (303) 881-8844.
Rooftop Realty Mack and Andi Durbin 3650 S. Federal Blvd #178 Englewood, CO 80110 Phone: 303-881-8844 info@RooftopRealty.com