Denver Continues to Show Signs of Leading the Way!
October 1, 2008 by Bob Schenkenberger · Leave a Comment
The latest Case-Shiller real estate market report shows Denver faring better than most other parts of the country.
With all of the economic uncertainty across the country about the real estate market, Denver, Dallas, Detroit, Boston, and Atlanta are appearing to have turned the corner.
Note: Take one month stats and annualize them to get a picture as to the direction of the market. For example Denver was up 1.01% for the month which equates to a 12.1% annual gain. Which is obviously MUCH better than the previous year of -4.7%. Now compare to Vegas at -4.36% or an annualized 52.32% loss! This would indicate they are still going down, while we have started to recover.
. Jun 08-Jul 08 Jul 07-Jul 08
Minneapolis 1.93 -13.10%
Denver 1.01 -4.70%
Dallas 0.78 -2.50%
Detroit 0.53 -16.70%
Boston 0.27 -5.40%
Atlanta 0.15 -8.20%
Tampa -0.04 -19.40%
Cleveland -0.32 -7.80%
Charlotte -0.44 -1.80%
Chicago -0.53 -10.00%
Portland -0.82 -6.60%
New York -1.47 -7.40%
Seattle -1.77 -8.20%
Washington DC -2.11 -15.80%
San Francisco -2.95 -24.80%
Miami -3.03 -28.20%
San Diego -3.17 -25.00%
Los Angeles -3.19 -26.20%
Phoenix -4.1 -29.30%
Las Vegas -4.36 -29.90%
20 City Average -1.46 -16.30%
Bob has been an active REALTOR for 18 years. During this time, he has closed over 500 transactions, and has been the broker of record for 1000's more. Bob can be reached via email (bob@gethomedenver.com) or phone (303.770.1180.)
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