I have been doing some research on property trends in Denver. I thought you might like to see this info. Best of luck investing in 2010.

Real Estate Trends Comparing November 2008 to November 2009

Price Range $1,000	Days on Market	Sold Last Yr	Months Inventory	Inventory Trend	Price Change
<85	18	2807	0.8	No change	14%
85-135	67	4551	1.8	down	11%
135-210	198	8186	2.9	down	6%
210-315	361	8548	5.1	up	-2%
315-460	303	4847	7.5	up	-5%
>460	887	2820	20	very up	-14%

For Properties under $150k, Reo’s are going to be harder to come by. The market for $150k to $250k is probably going to build this year. However, there are no guarantees. We do not know what the government or banks have plans to do in 2010.

REO sales are down 50% as a percent of total sales from last year. Short sales are on the rise. Quantity of homes on the market by regular sellers continues to trend down as it has for the last for five years.

A majority of REO’s have selling on average 10.5% over list price if sold within 5 days. And still average 5% over list if sold after 5 days on market. Just a sign that there are more people chasing fewer deals.

Central Denver itself is a great market.