Denver Real Estate Blog

Colorado ranks among the top magnet states for 2007, drawing more residents than it loses to other states.

Allied Van Lines, which compiles the report based on its internal shipment data, said Colorado was No. 4 with a net relocation gain of 851.

Allied Van Lines counted 2,173 moves from Colorado but 3,024 moves into the state.

Texas was in first place for the third consecutive year, with a net gain of 2,041. North Carolina was second, also for the third year in a row, with 1,363. Georgia was third, with a gain of 942.

States on the other end of the spectrum where more residents are moving out than in are Michigan, New Jersey, Illinois, Florida and Pennsylvania.
Sales of existing homes fall again

Sales of existing homes fell in March, the seventh drop in eight months.

The median price of a home was down compared with a year ago, and some economists predicted home prices could keep falling for many more months - given all the troubles weighing on housing, from a severe credit crunch to a rising tide of foreclosures.

The National Association of Realtors reported Tuesday that sales of existing single-family homes and condominiums dropped by 2 percent in March to a seasonally adjusted annual rate of 4.93 million units.

The median price of a home sold last month was $200,700, a decline of 7.7 percent from a year ago and the seventh consecutive year-over-year price drop. It was also the second-biggest decline following a record 8.4 percent drop in February. These records go back to 1999.

In the Denver area, the median price of a single-family home in March was $224,900, down 6.3 percent from $240,000 in March 2007. The number of closings fell by 4.1 percent from a year earlier.

Resource

A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.

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Jeffery McClintock, is a real estate broker in Denver and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 individual real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County