Denver Monthly Market Update – Condominium/Townhome

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

YTD Comparison:

DENVER ATTACHED DWELLINGS 2017 YTD 2018 % Change
Total Units Sold 6090 5604
Average Sales Price $391,525 $427,244 +9.1%
Median Sales Price $337,600 $370,000 +9.6%
Average Days to Contract 77 108 +40.26%

(Attached Dwellings – % Under Contract)

ATTACHED DWELLINGS Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

UNDER $250K 72% 76% 77% 80% 78% 73% 68% 61% 58% 42% 36% 41%
$250K-$500K 62% 67% 68% 68% 67% 64% 59% 55% 52% 43% 40% 44%
$500K-$750K 47% 52% 52% 55% 54% 51% 50% 50% 48% 41% 36% 40%
$750K – $1MM 42% 36% 38% 33% 42% 43% 34% 33% 23% 21% 27% 29%
$1MM + 33% 40% 35% 37% 36% 37% 36% 36% 33% 31% 36% 38%
OVERALL 64% 64% 65% 65% 61% 57% 53% 51% 40% 37% 40%

 

 

(Attached Dwellings – Inventory)

ATTACHED DWELLINGS Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

  1684 1665 1603

 

 

(Attached Dwellings – # Sold)

ATTACHED DWELLINGS Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

  375 418 401

 

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

ATTACHED DWELLINGS Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

  1.63 4.17 2.63 2.83 2.65 3.15 3.08 3.07 2.81 4.49 4.19 4.0