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Q1 home resales up 1% in Denver area
Denver Business Journal
Home resales in the Denver area rose less than 1 percent in the first quarter of the year from the same period a year ago, a local real estate analyst reported Monday.
Gary Bauer, a Littleton-based independent residential real estate broker, said 8,121 existing-home sales closed in an eight-county region that includes Denver, Aurora and Boulder in the first three months of 2010, up from 8,043 in the first quarter last year.
The data are for stand-alone houses and condominiums, but not apartment buildings. The figures also do not include sales of new homes.
Of the 8,121 home resales in the first quarter, 1,849 were in Denver, 1,676 in Arapahoe County, and 1,355 in Jefferson County, Bauer said.
He said 46 percent of the homes sold at less than $200,000, and 73 percent at under $300,000.
Eighty-five of the homes, meanwhile, sold for more than $1 million, including 23 each in Denver and Arapahoe County, 18 in Boulder County and 10 in Douglas County.
Bauer’s data are for Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Elbert and Jefferson counties.
denvernews@bizjournals.com
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