Denver is #1 Market According to Forbes
July 2, 2009 by Bob Schenkenberger · Leave a Comment
“While the majority of the nation’s housing markets are still working toward a bottom, some cities are boasting fundamentals that make them good places to buy a home now,” Forbes reported.
At the top of the good places to buy is Denver! The report ranked the the 25 largest metro areas on the basis of price per square foot, number of real estate transactions, and how evenly distributed home sale activity is in a metro area.
With 25% of all sales occurring in approximately 25% of the zip codes, this shows the relative even distribution and proportionate activity market wide. In the Forbes study, markets that deviated from the 25 percent mark were ranked lower because of the concentration of sales. This concentration is important to a market wide analysis as pockets of areas can appear strong and not be a good indication of general market improvement.
The Top 5 Markets on the list are:
- Denver
- Phoenix
- Boston
- San Diego
- Los Angeles
In case you were wondering where Forbes says aren’t doing so well,
- Detroit
- Seattle
- Cleveland
- Las Vegas
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.)
