Home prices in Denver fell 5 percent during the past year, the Standard & Poor’s/Case-Shiller home price index showed. Denver also shows a drop of 1.1 percent between January and February, and a 0.1 percent decline between February and March. The complete 20-city index, published Tuesday, was down 14.4 percent year-over-year. Las Vegas was in the worst shape, with a 25.9 percent decline, followed by Miami at 24.6 percent and Phoenix at 23 percent. Charlotte, N.C., was the only market to show an appreciation in home prices, at 0.8 percent.
“Most of the nation appears to remain on a downward path, with 19 of the 20 metro areas reporting annual declines, and six of those now at negative rates exceeding 20 percent,” David Blitzer, chairman of the index committee at Standard & Poor’s, said in a statement.
The index for Denver homes was at 127.43 as of March. The induces have a base value of 100 in January 2000, so Denver’s current index translates to a 27.43 percent appreciation for a typical home since then.
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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.
