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Unformatted text preview: s price in Metro Denver was at 84%
of its peak 2006 price.
Summit County saw a 67% increase in home sales
from 2009 to 2010, and reported $1.5 billion in
sales volume. The first half of 2011 experienced
increased sales transactions from the same period
last year, while total sales volume fell slightly. Sales
of properties valued below $500,000 accounted for
half of the transactions.
The Federal Housing Finance Agency PurchaseOnly Index, which measures repeat sales price
changes on the same properties, reported the
Colorado index was down 0.3% in Q2 2011
quarter-over-quarter, down 4.2% year-over-year,
and down 6.1% from five years prior. Colorado’s
4.2% decline ranked 23rd in the nation, with only
Washington D.C. and North Dakota reporting
New Home Activity
New home building activity remains modest, with
relatively robust activity in the multifamily sector
supported by HUD financing and low vacancy
rates. Overall, weak job growth and economic
uncertainty have restricted demand. On a positive
note, analysts believe the general stabilization in
new home sale...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery