Yesterday, CoreLogic released a report on prices for Denver homes through June 2012. Their report (detailed here in the Denver Business Journal), shows that June’s home prices in the Denver area grew 7.2% over June of last year. Even more encouraging, is that when the figures for Denver Distressed homes (foreclosures, HUD, etc) are factored in, the home price index still increased by 6.3%.
The entire article and report is worth a read, but here are some of the highlights:
For the fifth month in a row, metro Denver’s home sale prices saw a year-over-year increase, according to a CoreLogic home price index (HPI) report released Tuesday.
The Denver-Aurora-Broomfield area HPI grew 7.2 percent in June over June 2011’s HPI. That was also a larger gain than was seen with May’s
Those numbers included distressed sales, which are foreclosed or real-estate owned (REO) homes.
This continuing positive news for Denver homes is just one more in a long list of reports that have been coming out over the past year showing a very strong and improving market. This is one of the reasons that many investors have been contacting us interested in Denver Investment Properties. While the number of foreclosures are decreasing, there are still some good deals to be found for the right investor if you are able to move quickly.
If you would like to talk about this report, Denver distressed properties or how we can help you find the best investments, give our team a call at 303-726-1874.