Denver Monthly Market Update – Condominium/Townhome

Denver City and County – Condominiums and Townhomes (Attached Dwellings)

YTD Comparison:

DENVER ATTACHED DWELLINGS 2018 YTD 2019 % Change
Total Units Sold 5915 271 Insufficient YTD Data
Average Sales Price $426,640 $459,210 +5.3%
Median Sales Price $370,000 $328,000 -13.7%
Average Days to Contract 108 91 -16%

(Attached Dwellings – % Under Contract)

ATTACHED DWELLINGS Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’ Jan 19’
UNDER $250K 76% 77% 80% 78% 73% 68% 61% 58% 42% 36% 41% 35% 38%
$250K-$500K 67% 68% 68% 67% 64% 59% 55% 52% 43% 40% 44% 39% 45%
$500K-$750K 52% 52% 55% 54% 51% 50% 50% 48% 41% 36% 40% 39% 43%
$750K – $1MM 36% 38% 33% 42% 43% 34% 33% 23% 21% 27% 29% 33% 36%
$1MM + 40% 35% 37% 36% 37% 36% 36% 33% 31% 36% 38% 40% 44%
OVERALL 64% 64% 65% 65% 61% 57% 53% 51% 40% 37% 40% 38% 42%

 

(Attached Dwellings – Inventory)

ATTACHED DWELLINGS Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’ Jan 19’
                  1684 1665 1603 1308 1515

 

(Attached Dwellings – # Sold)

ATTACHED DWELLINGS Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’ Jan 19’
                  375 418 401 354 261

 

(Attached Dwellings – Absorption Rate in Months) Based off 6-month sales average

ATTACHED DWELLINGS Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’ Jan 19’
  4.17 2.63 2.83 2.65 3.15 3.08 3.07 2.81 4.49 4.19 4.0 3.38 4.18