Denver NC Real Estate Market Report - 1st Quarter of 2010
Number of Homes Sold in Denver : 1st Quarter of 2010
40 Properties
Average Sale Price : $341,023
Average Days on Market: 146
Current Number of Denver Homes for Sale:
325
Denver, NC Real Estate
There were a total of 40 homes sold in Denver from January 1 March 30, 2010 as compared to 35 properties for the same time period in 2009. The average sales price for the 1st quarter of 2010 was $341,023 as compared to an average sales price of $310,341 in 2009. Similar to the rest of the Lake Norman, North Carolina area, prices have stabilized and even shown a slight increase in sales prices. Buyers who can qualify for a mortgage are taking advantage of current low interest rates, stable home prices along with a good inventory of homes to choose from. The Homebuyer Tax Credit is an added incentive to purchase now!The average number of days on the market in the first 3 months of 2010 was 146 as compared to 192 days during this same period of 2009. There are currently 325 homes for sale in Denver, NC. The average square footage is about 3100 SF and the average list price is $466,027. The list to sale price ratio is 92%...buyers are negotiating for some great deals on Denver homes. Buyers are taking advantage of the new custom home communities in the very popular Denver area on the west side of Lake Norman. Builders continue to price new homes very aggressively and to offer great incentives on inventory homes. Qualified buyers can really make some great deals on a home! Buyers may also find sellers a bit more motivated to negotiate on resale homes because of the abundance of new construction homes available where builders are offering such great incentives! Low interest rates are giving buyers the power to purchase a higher priced home for while keeping in line with their projected budget for a monthly payment. Qualified buyers are in an excellent position to negotiate with sellers and get a lot of home for the dollar! Whether you are in the market for your brand new dream home or are looking to buy a quality resale home now is the time to take advantage of the buyers market we are experiencing in Denver, NC. And, ALL buyers, call for more information on the new extended tax credit to find out how you can benefit. It's expiring shortly so call now! Call for more info:
704-363-6946