Lower End Homes Show HUGE Gains

Low-priced neighborhoods show biggest percentage price gains - In the third quarter, 80223 was the top-performing ZIP code in metro Denver with a 37.6% gain, compared to the third quarter of 2009. This ZIP code includes part of Athmar Park and the historic Baker neighborhoods. Adams was the only county to show overall appreciation year-over-year in the third quarter. The overall median price in Adams County rose 5.3% in the third quarter from a year earlier to $160,000. That was the lowest median price of all the counties.

City	ZIP	Median Price	YOY % Increase
Denver	80223	$150,000	37.6
Denver	80246	$227,000	35.3
Denver	80204	$149,900	39.3
Denver	80237	$215,000	26.5
Denver	80239	$117,250	22.4

http://insiderealestatenews.com/2009/11/low-priced-neighborhoods-show-biggest-percentage-price-gains/

First Time Home Buyer Tax Credit

Breaking news this morning suggests Congress is going to be extending the first time home buyer tax credit and will be expanding the credit to home buyers who have owned their primary residence for at least 5 years.

The first time buyer tax credit will still be up to $8,000.00 and for repeat buyers the credit will be up to $6,500.00. This credit should open the floodgates to sellers who may have been sitting on the sideline waiting to sell as they may be able to offset some of the market losses they have taken over the past three years.

Click HERE for the full article.

Please call if you have further questions about this tax credit and how you might be able to take advantage of it.

Ben Grisinger
5280 Homes, Inc
720-936-4449 (direct)
720-457-3890 (office)
ben@my5280homes.com
www.my5280homes.com