Denver Area June Home Sales

The number of homes sold in the Denver region during June rose year-over-year for the fifth month in a row, reaching a five-year high for that month. The median sale price increased nearly 10 percent from a year ago to the highest level for any month in five years, a real estate information service reported.

A total of 5,130 new and resale houses and condos closed escrow in June across the eight-county Denver-Aurora metro area. That was up 5.7 percent from the prior month and up 19.0 percent from a year earlier, according to San Diego-based DataQuick. The firm tracks real estate trends nationally via public property records.

June home sales were 15.8 percent below average for all months of June since 1998, when DataQuick's complete Denver-area statistics begin. However, resales of houses and condos (excludes new-home sales) were just 5.0 percent below average for a June, while new-home sales were nearly 63 percent below average for the month.

During the first six months of this year Denver-area home sales totaled 22,869, up 17.5 percent from the same period last year.

The Denver metro area statistics in this report and in the table below reflect sales in Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Jefferson and Park counties.

The median price paid for all new and resale houses and condos sold in the Denver region during June was $241,550, up 4.1 percent from the month before and up 9.8 percent from a year earlier. The median sale price has risen year-over-year for the past four months. June's median was the highest for any month since June 2007, when the median was $245,000.

An alternative price gauge analysts track, the median price paid per square foot for resale single-family detached houses, rose to $151 in June. That was up 3.0 percent from the prior month, up 2.2 percent from a year ago and was the highest for any month since it was also $151 in October 2007. June was the sixth consecutive month with a year-over-year gain in the median price paid per square foot.

The region's larger counties recorded the following year-over-year changes to their median price paid per square foot in June for resale houses: Adams County, up 11.7 percent; Arapahoe County, up 12.7 percent; Denver County, up 13.5 percent; Douglas County, up 3.4 percent; and Jefferson County, up 3.3 percent.

Absentee buyers, a group that includes investors and vacation-home buyers, accounted for 20.7 percent of Denver-area June home sales. That was down from 22.8 percent the month before and up a hair from 20.6 percent a year earlier. The record was 31.2 percent in February this year. Absentee buyers paid a median $166,699 in June, up 19.1 percent from a year earlier.

Buyers who appeared to have bought with cash represented 24.1 percent of June sales, down from 25.2 percent the prior month and up from 23.2 percent a year earlier. The figure peaked at 32.8 percent this February. All-cash buyers paid a median $174,131 in June, up 18.9 percent from a year earlier.

Government-insured FHA loans, which are popular with first-time buyers and others using low down payments, accounted for 27.8 percent of all home purchase loans used in June. That was down from 31.0 percent the month before and down from 32.3 percent a year earlier. FHA use in the current cycle peaked at 53.4 percent of all purchase loans in November 2009.

In neighboring Boulder County, 622 new and resale houses and condos sold in June, up 3.8 percent from the prior month and up 27.7 percent from a year earlier.

The median price paid for all homes sold in Boulder during June was $329,000, down 5.9 percent from the prior month and up 1.7 percent from a year earlier.

Denver Metro Area

Number of sales Jun-11 May-12 Jun-12 YOY % Chng
Resale houses 3,139 3,623 3,762 19.80%
Resale condos 758 872 945 24.70%
New homes 413 357 423 2.40%
All homes 4,310 4,852 5,130 19.00%
         
Median sale price Jun-11 May-12 Jun-12 YOY % Chng
Resale houses $230,000 $242,000 $252,000 9.60%
Resale condos $125,000 $136,578 $145,000 16.00%
New homes $301,768 $339,787 $319,350 5.80%
All homes $220,000 $232,000 $241,550 9.80%

 

Media calls: Andrew LePage (916) 456-7157

Source: DataQuick; DQNews.com

Copyright 2012 DataQuick. All rights reserved.

Las Vegas Region September Home Sales

October 30, 2014

Golden State Foreclosure Starts Continue to Decline

October 17, 2014

California September Home Sales

October 14, 2014

Strongest September for Bay Area Home Sales in Five Years; Prices Flat

October 14, 2014

Southland Home Sales Edge Higher; Price Growth Slows

October 13, 2014

Portland Region August Home Sales

October 2, 2014

Seattle Region August Home Sales

October 1, 2014

Miami Region August Home Sales

September 30, 2014

Las Vegas Region August Home Sales

September 29, 2014

California August Home Sales

September 11, 2014

Bay Area Home Sales Slow in August; Prices Increases Ease Back

September 11, 2014

Southland Home Sales Sputter; Median Sale Price Hits 80-Month High

September 11, 2014

Las Vegas Region July Home Sales

August 27, 2014

California July Home Sales

August 14, 2014

Sluggish Bay Area Home Sales in July; Prices Up – at a Slower Pace

August 14, 2014

Southland Home Sales Fall Yr/Yr Again; Prices Rise at Slower Pace

August 13, 2014

Las Vegas Region June Home Sales

August 8, 2014

Million-Dollar Home Sales Up Again in the Golden State

July 31, 2014

California Foreclosure Starts Lowest Since 2005

July 17, 2014

California June Home Sales

July 16, 2014

Bay Area Home Sales Up Slightly; Price Increases Slow

July 16, 2014

Southland Home Sales Down from Last Year Again; Price Gains Throttle Back

July 15, 2014

Seattle Region May Home Sales

July 1, 2014

Miami Region May Home Sales

June 30, 2014

Las Vegas Region May Home Sales

June 25, 2014

California May Home Sales

June 12, 2014

Bay Area Home Sales Constrained by Supply; Prices Continue to Rise

June 12, 2014

Southland Home Sales Slow; Median Price Rises Again but at Slower Pace

June 11, 2014

Portland Region April Home Sales

June 5, 2014

Phoenix Region February Home Sales

June 4, 2014

Las Vegas Region April Home Sales

May 28, 2014

California April Home Sales

May 14, 2014

Bay Area Home Prices Continue to Rise; Sales Up from March, Flat Yr/Yr

May 14, 2014

Faster Pace for Southland Home Sales; Median Sale Price Edges Higher

May 13, 2014

Seattle Region March Home Sales

May 9, 2014

Miami Region March Home Sales

May 7, 2014

Las Vegas Region March Home Sales

April 29, 2014

California Foreclosure Starts Hover Near 8-Year Low

April 22, 2014

California March Home Sales

April 16, 2014

Bay Area Median Sale Price Highest Since 2007; Slowest March Sales in 6 Years

April 16, 2014

Southland Home Sales Stuck at 6-year Low; Median Price Rises to 6-Year High

April 15, 2014

Phoenix Region February Home Sales

April 1, 2014

Las Vegas Region February Home Sales

March 27, 2014

California February Home Sales

March 13, 2014

Bay Area home sales slowest since 2008

March 13, 2014

Southern California February Home Sales Lowest Since 2008

March 12, 2014

Portland Region January Home Sales

March 6, 2013

Seattle Region January Home Sales

March 4, 2014

Miami Region January Home Sales

January 27, 2014

Las Vegas Region January Home Sales

February 25, 2014

California January Home Sales

February 13, 2014

Bay Area Home Sales Slowest for a January Since 2008

February 13, 2014

Southland Home Sales Drop in January; Price Picture Mixed

February 12, 2014

Las Vegas Region December Home Sales

February 7, 2014

Million-Dollar Home Sales Jump in the Golden State

January 30, 2014

California Foreclosure Starts Dip to Eight-Year Low

January 21, 2014

California December Home Sales

January 15, 2014

Bay Area Home Sales Drop to Six-Year Low; Prices Still Up Sharply Yr/Yr

January 15, 2014

Southland December Home Sales at Six-Year Low; Median Price Jumps

January 14, 2014

Portland Region November Home Sales

January 9, 2014

Seattle Region November Home Sales

January 2, 2014