Metrolist data include the seven county metro denver

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

Ask a homework question - tutors are online