I just received updated statistics on the Denver real estate market from one of our local title company reps. She was kind enough to provide me with a great graphical depiction of the purchase trends for the last 4 years.
You can see that the number of homes sold in most areas have risen. Despite that fact, the average sales price has steadily declined in all areas.
Keep in mind, these are statistics. There are a lot of things at play here and one of them is the fact that homes in the upper price ranges; above 500,000.00 have not been participating much at all. That alone has a tendency to skew the average sold price to the low end. That being said, it is pretty typical for home values to have gone down in most of Denver’s neighborhoods. Take a look at the graphical representation of our market over the last four years. It makes a pretty good argument for a bottoming process taking place in the last two quarters of 2009. That should hold true assuming we don’t have any more bad news on the economic horizon.
How’s that for sticking my neck out 
