(303) 443-9339 or mikekone@comcast.net

Housing Data and Analysis

for the Metropolitan Denver Region

 

Serving

Realtors  -   Developers   -   Builders  -   Lenders  -   Private and Institutional Investors  -   Consultants

 

* Standardized Reports for Metropolitan Denver

* Custom Data Analysis

 

 

Foreclosure Sales in Metropolitan Denver - How Extensive is the Problem?

Housingmetrics is pleased to release data identifying the percentage of home sales in the region that we have identified as being made by banks (or lenders) versus individual sellers.  The following table shows data obtained from deed transactions for the 6 week period ending at the conclusion of July 2008.  Data is for attached and detached resale homes built before 2004.

   
 

Adams

Arapahoe

Boulder

Broomfield

Douglas

Denver

Jefferson

All Counties 

All Counties Total
Price Range bank individual bank individual bank individual bank individual bank individual bank individual bank individual bank individual total
Below 150K 73.8% 26.2% 63.2% 36.8% 42.6% 57.4% 50.0% 50.0% 37.5% 62.5% 68.8% 31.2% 39.1% 60.9% 63.5% 36.5% 1,115
150K to 200K 36.2% 63.8% 26.9% 73.1% 17.6% 82.4% 0.0% 100.0% 44.4% 55.6% 24.6% 75.4% 37.1% 62.9% 30.0% 70.0% 710
200K to 250K 18.6% 81.4% 16.4% 83.6% 11.4% 88.6% 20.0% 80.0% 8.7% 91.3% 9.3% 90.7% 15.4% 84.6% 13.6% 86.4% 748
250K to 300K 12.5% 87.5% 9.3% 90.7% 1.4% 98.6% 11.1% 88.9% 10.1% 89.9% 11.9% 88.1% 3.3% 96.7% 7.9% 92.1% 557
300K to 400K 20.8% 79.2% 10.9% 89.1% 3.9% 96.1% 0.0% 100.0% 6.4% 93.6% 4.7% 95.3% 1.8% 98.2% 5.8% 94.2% 653
400K to 500K 12.5% 87.5% 22.2% 77.8% 1.4% 98.6% 11.1% 88.9% 9.4% 90.6% 2.9% 97.1% 5.4% 94.6% 6.8% 93.2% 324
500K to 750K 0.0% 100.0% 8.8% 91.2% 2.2% 97.8% 0.0% 100.0% 9.1% 90.9% 1.5% 98.5% 5.1% 94.9% 4.1% 95.9% 269
Above 750K 0.0% 100.0% 0.0% 100.0% 0.0% 100.0%     7.7% 92.3% 0.0% 100.0% 0.0% 100.0% 0.7% 99.3% 145
Grand Total 49.8% 50.2% 31.0% 69.0% 9.2% 90.8% 10.3% 89.7% 11.9% 88.1% 30.2% 69.8% 17.5% 82.5% 25.2% 74.8% 4,521

Note:  In the coming weeks we will report home price appreciation data for these counties and price ranges (according to seller type as well) on this site.  Stay tuned!

 

 Why is Housingmetrics Data Different?

Most housing data looks at median or average home prices but such measures are dependent on the mix of homes sold.  It is even possible that the value of every home in a region is falling or rising, yet measures showing median or average home prices may reflect the opposite!

Housingmetrics uses a proprietary methodology that assigns a benchmark value to nearly every home in the Metropolitan Denver Region and then looks at home sale prices in relation to that value.  Other price indices such as the Case Shiller or the OFHEO use other methodologies to avoid the same problem of "mix".  The Housingmetrics methodology, however, allows for extremely robust analysis using fewer observations which allows for both more timely and more specific geographic areas of study.

With So Much "Free" Data, do I Really Need More?

There is a wall of data out there, and much of it is free.  But is it useful data?  Rather than simply report numbers, Housingmetrics looks at the data and explains the underlying trends.  Among those quoted in the press, Housingmetrics was one of the first to identify the weakness in certain sectors of the Metropolitan Denver housing market;  those same sectors went on, unfortunately, to lead the region in foreclosure activity.  This weakness was missed by other data sources.

New Specialized Data Feature!

Housingmetrics is able to compare home price appreciation for homes sold by their owners with those sold by banks.  For the first time, data is now available that lets investors and real estate experts see what the "discount" is for different areas when a home is sold through foreclosure.

 

See Both the "Big Picture" and Local Trends

Housingmetrics looks at both bigger areas (counties) and then smaller areas (by zip codes) and importantly looks at all areas by price range.  Even in a zip code, homes in different price ranges may have valuation fluctuations that are quite different.  Some data sources, such as Zillow, break down valuation estimates according to zip code and square footage, but NOT by price range.  This is a mistake.  Housingmetrics examines the data in the most meaningful ways so that you understand the market on both the regional and neighborhood level.

 

The Housingmetrics Metropolitan Denver Region Report

Slated for Fall 2008, Housingmetrics will offer its comprehensive monthly report covering the Metropolitan Denver Region.  Monthly data is provided for county/price range breakouts, and for smaller geographic areas rolling 3-month average data is provided.

The Housingmetrics report also brings together foreclosure data and shows the spreads between typical distress and non-distress sales.  The number of homes entering the foreclosure process is also reported and considered in the evaluation of future market conditions.

 

For Custom Data work or to Request a Sample Report (when available)

We are happy to accommodate special data requests - please contact us for pricing and scheduling. 

For fast email response, please contact Mike Kone at  mikekone@comcast.net

You may also call us at (303) 443-9339 to request more information.