Denver's strong real estate market continued into 2014, and Live Urban Real Estate continued to show its sales strength in Denver's city-close neighborhoods. Oururban-focus brokerage sold and closed 625 properties, which added up to a total sales volume of over $200,000,000.
Records indicate LiveUrban's brokers performed considerably better than average among its peers, selling homes listed by the brokerage for 99% of the original list price. The average sold price for all brokers in the area is 96.9%.
Live Urban brokers also sold homes faster than average, putting homes under contract in an average of 21 days. Other Denver area brokers took nearly twice as long, 41 days.
Our website continues at a record-breaking pace, with over-all traffic up 24% over 2013. Over 185,000 unique visitors went to LiveUrbanDenver.com to search for properties. That's over 500 new people per day! And our popularity across social media exploded. We have over 4000 Likes on Facebook, and our Twitter, Instagram, and Pinterest feeds continue to grow and exceptional rates.
In 2014, job growth and low mortgage rates encouraged consumers to enter the housing market, fueling strong sales. Sales volume for the entire Denver metro market increased from previous years' levels with many Denver area communities seeing double-digit gains. A very active condo-townhouse market was a contributing factor, with strong gains in most measurements. Tight inventory levels and strong demand drove average and median sales price increases throughout the region.Average sales prices reached an all-time high and inventory levels dropped to a ten-year low.
Read more about Denver's real estate market at ReColorado.com.
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