MLS Statistics September 2009

 

		% Change vs
	Sept 09	Prior Month	Year Ago
Single Family (Res + Cond)
Active	19,834	-   1.93	-  17.09
Under Contract	5,228	-   0.38	-   0.78
Sold	3,846	-    1.51	-   9.82
Avg DOM	96	2.36	-   0.27
Avg Sold Price	$251 ,112	0.04	4.88
Residential
Active	15,046	-   1.67	- 18.65
Under Contract	4,029	-   1.88	-    5.04
Sold	3 ,001	-   2.12	– 10.84
Avg DOM	96	2.13	1.05
Avg Sold Price	$274 ,433	0.17	5.50
Condominium
Active	4,788	-  2.74	– 11.77
Under Contract	1,199	4.99	16.86
Sold	845	0.72	-   6.01
Avg DOM	97	-  1.02	-   4.90
Avg Sold Price	$168,288	0.72	3.91

© 1998-2009 Metrolist, Inc. All rights reserved

MLS Statistics August 2009

 August 2009

		% Change vs
	JUL 09	Prior Month	Year Ago
Single Family (Res + Cond)
Active	20,225	-  3.18	-17.94
Under Contract	5 ,248	-  0.72	-  6.12
Sold	3,905	-12.05	-14.02
Avg DOM	95	-  5.14	-  3.68
Avg Sold Price	$251,008	-  0.68	-  3.87
Residential
Active	15,302	-  3.34	-19.67
Under Contract	4,106	-  2.19	-  7.58
Sold	3,066	-12.00	-14.38
Avg DOM	94	– 4.08	-  3.09
Avg Sold Price	$273,972	– 0.97	-  3.71
Condominium
Active	4,923	-  2.71	-12.06
Under Contract	1,142	4.96	-  0.44
Sold	839	-12.24	-12.70
Avg DOM	98	-10.09	- 5.77
Avg Sold Price	$167,090	0.94	- 3.87

© 1998-2009 Metrolist, Inc. All rights reserved

to sell or buy, call…

DEBBIE PALLAI

debpallai@comcast.net

www.debpallai.com

Help for Denver Homebuyers

If you are buying a home in the City and County of Denver in the near future, you will be eligible for a federal income tax credit.

For the life of the loan, 20% of the interest on your mortgage loan will be returned to you in the form of a tax credit.

The Mortgage Credit Certificate Program is anticipated to last through December 31, 2011, but if the $25,000,000 available is used before then, the program will cease.

Available to first time buyers (defined as persons who have not owned real estate for 3 years), the program also has income limits and purchase price limits.  Non-first time buyers are eligible for the program if they purchase within one of several targeted areas in Denver.

For families of 1-2 persons, maximum income limits are $88,600 if the home is in a non-targeted area, and $91,200 for a home purchased in a targeted area.

For families with 3 or more persons, the income limits are $101,900 and $106,400.

Homes in non-targeted areas must have a maximum price tag of $354,900.

Homes in targeted areas can cost up to $433,800.

This program requires that the buyer attend a class and receive a certificate once completed the course.

Qualifying for this program does not preclude your eligibilty for the $8,000 federal tax credit that is currently available through November 30, 2009.

For more information on MCC, please click here.

If you’d like to be put in touch with one of the mortgage lenders that is participating in this program, please give me a call or email me.

to sell or buy, call…

DEBBIE PALLAI

www.debpallai.com

debpallai@comcast.net

MLS Statistics June 2009

		% Change vs
	JUN 09	Prior Month	Year Ago
Single Family (Res + Cond)
Active	20,853	0.57	-20.12
Under Contract	5,664	6.01	-10.21
Sold	4,186	15.38	-13.60
Avg DOM	100	-4.59	3.40
Avg Sold Price	$258,434	6.34	-3.21
Residential
Active	15,790	0.77	-21.46
Under Contract	4,468	3.88	-12.24
Sold	3,328	16.49	-13.49
Avg DOM	101	-2.88	7.45
Avg Sold Price	$283,312	8.11	-1.25
Condominium
Active	5,063	-0.04	-15.60
Under Contract	1,196	14.78	-1.73
Sold	858	11.28	-14.03
Avg DOM	97	-11.82	-10.19
Avg Sold Price	$161,939	-6.10	-14.93

© 1998-2009 Metrolist, Inc. All rights reserved.

 

Radon: what is it? why should you care?

You can’t smell it.  You can’t taste it.  You can’t see it.

Radon is a naturally occurring radioactive gas that causes cancer.  It is the  leading cause of lung cancer among non-smokers in the United States.

Radon can be easily detected and mitigated.

When you are purchasing a home, have your home inspector do a radon test.  If the readings come in higher than 4.0, have a radon mitagation company fix the problem.  It is relatively inexpensive both to test for radon and bring the levels within EPA standards.

You can test your home yourself.  Home testing kits are available in many home improvement stores.

Click here to learn more about radon.

debpallai@comast.net

www.debpallai.com

Denver Homebuyer Green Program Incentive

The Denver Board of Realtors® reported today that Denver is conducting a green pilot study for homebuyers. 

The program includes a free walkthrough of prospective homes, and discounts on furnaces, insulation and appliances.

In order to qualify, the home must be a single family detached home, have a Denver address and be built before 2000. 

This is a voluntary program with no requirement that the buyer purchase any upgrades.

 For further information, please contact: 

Matt Gibbs
University of Colorado Denver
Director, GAAN and IGERT programs in Sustainable Urban Infrastructure
MATTHEW.GIBBS@email.ucdenver.edu
(303) 501-9075

debpallai@comast.net

www.debpallai.com

Proposed Changes to Homebuyer Tax Credit

The Wall Street Journal reported on June 11th that a bill to expand the homebuyer benefit has been introduced in the Senate. 

The bill would increase the tax credit to $15,000 from the current $8000 credit for first time buyers.

The proposal would lift the income maximums and apply to all homebuyers, not only first time buyers.

The current tax credit applies to first time buyers only.  First time buyers are  defined as anyone who has not owned real estate for 3 years.  Current income limits are $75,000 for a single person and $150,000 for a couple.

The current tax credit for first time buyers is set to expire on December 1. 

While the proposed legislation has the potential to improve the real estate market, the elimination of income restrictions is controversial.

The bipartisan bill is estimated to cost another $35.5 billion over the $2 to $3 billion the current measure is expected to cost.

debpallai@comcast.net

www.debpallai.com

Walk Score Comes to Denver Metrolist

Denver Metrolist has added a new field to its program:  walk score.

Brokers can now search for homes for their clients by putting a minimum walk score into the search parameters.

A home’s walk score is calculated by locating nearby stores, parks, restaurants and more. 

Metrolist is responding to the growing demand by some buyers to purchase homes in neighborhoods where their environmental footprints will be reduced.  The demand for homes that are located in areas where one can live a car-light or car-free lifestyle is increasing.  Although public transportation is not part of the walk score calculation, light rail has added to the consciousness about this issue.

The higher the score, the less driving required to live in the neighborhood.

• 0-24       Car-dependent.  Virtually no destinations within walking distance.
• 25-49     Car-dependent.  Few destinations within walking distance.
• 50-69     Somewhat walkable.
• 70-89     Very walkable.  It is possible to manage without a car.
• 90-100   Walkers paradise.  Most errands can be done on foot and many folks in the neighborhood don’t own cars.      

For more information go to www.walkscore.com.

If you’d like help calculating the walk score of your current home, please email me at debpallai@comcast.net or call me at 303–883-8837.

Neighborhood Profile: Baker Historic District

from 6th Avenue to Alameda, Broadway to Platte River

A walk through the Baker neighborhood is a walk through Denver history. 

One of  Denver’s first residential districts, Baker boasts elegant and nostalgic Victorian, Dutch Colonial and Denver Square homes.  Many of the homes are on smaller lots.

The Baker neighborhood was granted historic designation in 1985.

Since then, developers have built modern condominium and retail areas, giving the area an ecclectic feel.

Within easy reach of downtown and I-25, restaurants, art galleries  and antique stores, Baker provides convenient and quality  inner city living.

MLS Statistics April 2009

		% Change vs
	Apr 09	Prior Month	Year Ago
Single Family (Res + Cond)
Active	20,705	0.37	-20.89
Under Contract	5,183	7.40	-17.56
Sold	3,390	5.74	-20.52
Avg DOM	104	-2.25	-2.64
Avg Sold Price	$233,482	0.47	-5.70
Residential
Active	15,639	0.35	-22.02
Under Contract	4,153	6.30	-18.05
Sold	2,706	4.48	-19.30
Avg DOM	102	-3.77	-0.97
Avg Sold Price	254,442	1.14	-4.80
Condominium
Active	5,066	0.44	-17.18
Under Contract	1,030	12.08	-15.50
Sold	684	11.04	-25.00
Avg DOM	110	3.77	-7.56
Avg Sold Price	$150,560	-0.76	-14.09

© 1998-2009 Metrolist, Inc. All rights reserved.