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Unformatted text preview: 27% below September 2010, the lowest level so far
in 2011. Metrolist data include the seven-county
Metro Denver region; Elbert, Park, Gilpin, and
Clear Creek counties; and a portion of the Loveland area.
Home prices have generally not shown signs of
growth, although the data are varied. Nationally,
home prices are down 2.8% year-over-year, to
$171,900, although Metro Denver prices are performing better than nation. In Q2 2011, the Denver-Aurora-Broomfield median home price was
$232,700, a decline of 0.9% year-over-year, while
the Boulder area median home price was $370,300,
an increase of 5.1% year-over-year. The average
sale price in the Denver Metro area was $257,063
in the first nine months of 2011, which is up 0.1%
from 2010 year-to-date and 6% from 2009.
The latest S&P Case-Shiller Home Price Index
revealed Denver area home prices fell 2.1% from
July 2010 to July 2011. This marks the 13th-consecutive month of year-over-year price decline. continued on page 66
65 2012 Colorado Business Economic Outlook Financial Activities
continued from page 65 In May 2011, the median sales price in Colorado
Springs was 79% of its peak 2007 price level, while
the median sale...
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