JAMES REAL ESTATE SERVICES, INC.
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5
The most active price range in the metro area is $150,000 to $199,999, followed closely by the
$200,000 to $299,999 price range. While the average price of a single-family residence continues to
increase, inventory for sale is also increasing, signaling a balance of supply and demand.
CONDOMINIUMS
Active Listings at Year End
Sold During the Year
Year
No.
Average Price
No.
Average Price
Annual
Rate of Change
Average
Days on Market
1999 1,526 $204,993 11,266 $122,558 6.4%
40
1998 2,289 162,618 10,792 115,235 14.4%
55
1997 2,227 153,105 9,204 100,694
6.4%
75
1996 2,438 146,131 8,579 94,660 8.5%
46
1995 1,859 142,408 8,254 87,278 8.8%
42
1994 1,735 125,522 8,372 80,238 8.6%
43
1993 1,429 88,208 7,835 73,896
5.6%
47
1992 1,709 80,865 6,262 69,992
6.6%
57
1991 1,584 84,423 4,863 65,676
13.3%
77
1990 1,970 82,390 5,179 57,877
4.0%
90
1989 2,986 65,165 5,274 55,664 (2.7%)
91
1988 3,444
NA
4,765 57,181 (22.7%)
99
Source: Metrolist, Inc. and Denver Board of Realtors/James Real Estate Services, Inc.
*Through December 17, 1999
