The current trend for single-family homes in Denver real estate is this: it’s a cash buyer’s market. Investors that are looking for a good deal and want to purchase an investment property often use cash and look towards distressed properties to get the kind of deals they are looking for.

The home that sold for the least amount of money, $35,000, was sold via short sale and was purchased by a cash buyer. A short sale is when the bank agrees to sell the property for less than what the homeowner owes. It’s often a popular alternative to foreclosure because of there is less of an impact on credit scores, homeowners don’t have to wait as long to purchase a home again, and there is currently a tax relief act on the forgiven amount. The buyer of this home was even able to get the price knocked down by $3000. It was listed on the market for less than 80 days and only took a month to close, which is sometimes uncommon for short sales. At times, it can take months to close a short sale, but this quickly closed transaction is proof that this isn’t always the case. When there’s a cash buyer involved, this usually speeds up the process.

On the other end of the price spectrum, the home that sold for the most money in Denver, $3.1 million, was also purchased by a cash buyer. This home was on the market a little over three months and took 68 days to close via a regular real estate transaction.

Almost 200 properties have been put on the market in Denver in the past week or so. The home with the lowest price tag is currently listed at $69,000 and the most expensive home is listed at $6 million. Many homeowners and real estate agents in the Denver area are impatiently waiting to find out if cash buyers will snatch up these homes as well.