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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 positive change. 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.

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