Commerce City Monthly Market Update – Single Family Homes

Commerce City Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

 

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’
UNDER $500k                   40% 40% 32% 47%
$500K AND ABOVE                   16% 25% 16% 14%
OVERALL % U/C                   38% 39% 39% 44%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’
                    288 283 268 234

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’
                    83 78 71 79

 

(Single Family Homes – Absorption Rate in Months) Based off 6-month sales average

SINGLE FAMILY HOMES Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’
                    3.46 3.52 3.47 3.0

 

 

COMMERCE CITY SINGLE FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 925 1022 +10.4%
Average Sales Price $338,514 $366,997 +8.3%
Median Sales Price $350,000 $370,000 +5.7%
Average Days to Contract 41 31 -24.4%