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Top Ten Residential Sales in Denver County for Week Ending July 4, 2010

Shadow inventory is a term that we keep seeing in the different economic newsletters that are circulated on the web. The term shadow inventory refers to that supply of homes that banks have foreclosed on (REOs) or properties that they are in the process of foreclosing on. This is a potential scary roadblock to a recovery in the housing market depending upon how the financial institutions bring these REOs to market. Now, on to happy news about this week’s Top Ten.

Address                                         List Price                   Sold Price            Days on Market

8856 East 35th                            $779,900                     $774,500                    51

390 Eudora                                   $899,900                     $777,500                   247

4630 West Evans                        $835,000                      $785,00                     13

739 Marion                                     $867,500                     $785,000                   247

485 Kearney                                  $850,000                     $815,000                   16

434 Dexter                                     $899,000                      $875,000                   38

9182 East Harvard                       $1,095,000                   $950,000                  126

730 South Garfield                       $2,495,000                   $1,150,000              1363

2300 South Fillmore                    $1,799,000                   $1,270,000               412

510 Monroe                                    $2,750,000                   $1,550,000                 952

Lots and lots of days on the market with several of these closings---but the key word is they are closed.
 

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