First-Time Buyers March Surge

First-time buyers drive March surge in Denver-area home sales - With the deadline looming to take advantage of an $8,000 federal tax credit, first-time buyers helped boost Denver-area home sales in March by nearly 50% over the previous month. There were 3,602 homes sold last month - up 47.9% from February and a 12% increase from March of last year. Approximately 70% of the single-family homes sold last month were priced below $300,000, and below $200,000 for condos. Median prices for single-family homes were $229,000, up 12.3% from a year ago.
http://www.denverpost.com/business/ci_14849071

Discounted Luxury Homes in New Kind of Real Estate Austin

A new real estate auction is hitting Denver this weekend which features luxury single and multi-family homes that are not in foreclosure, distressed or at short sale. The large one-day real estate auction is being held by Pinnacle Home Auctions. Alan Smith of RE/MAX Professionals says this is the first time an auction like this has been held in Colorado although other states are already using this kind of selling technique.
http://www.9news.com/news/article.aspx?storyid=136052&catid=339

Denver Home Prices - No. 6 on the list!

Case-Shiller: Denver No. 6 - Denver-area home prices rose by an average of 2.6% in the 12-month period ending in January, according to the most recent S&P/Case-Shiller Home Prices Indices. The increase, the largest since the worst housing market since the Great Depression began, provides strong evidence that the Denver-area housing market is past its bottom and is recovering. That ranked Denver No. 6 for year-over-year appreciation, according to the index of 20 major metropolitan statistical area.
http://insiderealestatenews.com/2010/03/case-shiller-denver-home-prices-rise/