Denver makes the top 10 list again!

September 17, 2010 at 11:12 am (Uncategorized) (, , , , , , , , )

Panorama of downtown Denver, circa 2007, looki...

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10 markets most likely to appreciate

Forbes magazine turned to real estate research firm Local Market Monitor to figure out which markets have the greatest likelihood of price appreciation because they offer a mix of jobs weighted toward growth industries.
These are the top markets, the research company concludes:
1. Raleigh-Cary, N.C.
2. McAllenEdinburgMission, Texas
3. Austin-Round Rock, Texas
4. Nashville-Davidson-Murfreesboro-Franklin, Tenn.
5. San Antonio, Texas
6. Colorado Springs, Colo.
7. Albuquerque, N.M.
8. Denver-Aurora-Broomfield, Colo.
9. Springfield, Mo.
10. Indianapolis-Carmel, Ind.

Source: Forbes, Francesca Levy (09/13/2010)

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Denver-area home resales down 21% in August from 2009 – Denver Business Journal

September 10, 2010 at 12:10 am (Uncategorized) (, , , , , , , , )

Downtown skyscrapers in Denver, Colorado.

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Denver-area home resales down 21% in August from 2009 – Denver Business Journal.

Sales of existing homes in the Denver area fell 21 percent in August from a year earlier, and the inventory of unsold homes rose 17 percent, according to the latest monthly analysis of Metrolist sales data by broker Garold D. Bauer.

An estimated 3,079 resales of existing houses and condos closed in August in the area, down 21.2 percent from the August 2009 total of 3,905 homes, Bauer’s report says. That follows a 26.6 percent year-over-year decline in July.

Home resales in August were down 5.5 percent from the July 2010 tally of 3,259, which was down 19.5 percent from June’s total.

Denver-area existing homes under contract in August totaled 3,966, down 24.4 percent from August 2009 but up 4.1 percent from July 2010, Bauer reports. Home sales generally close 30 to 90 days after they go under contract.

There were 23,615 unsold existing homes on the market in August, up 16.8 percent from a year earlier but down 1.3 percent from July 2010.


RELATED: Denver home prices up 1.8% in June from 2009

RELATED: U.S. home resales plummet 27% in July; at lowest level in 15 years




Denver-area existing homes sold for an average of $268,767, up 7 percent from August 2009 and about even with July 2010, Bauer said. Stand-alone houses sold for an average of $295,516 in August, up from $273,972 a year earlier, but condos sold for an average of $159,382 in August, down from $167,090 a year earlier.

For the first eight months of 2010 through August, Bauer reported closed home resales in the metro area down 1.4 percent from a year earlier.

Existing home sales, or resales, are those of homes that have been sold at least once before. Bauer’s report does not include sales of newly built homes.

The numbers to some degree show the impact of the ending of the federal government’s first-time homebuyer tax credit, for which the deadline for homes under contract to qualify was April 30.

Analysts say the tax credit boosted home sales in the months before the deadline and moved up many purchases that otherwise might have happened in the summer, causing summer numbers to sag more than they would have otherwise.

Bauer, an independent residential broker in Littleton, uses data from Metrolist of Greenwood Village, metro Denver’s Multiple Listing Service, providing home-sale data to real estate professionals.

Read more: Denver-area home resales down 21% in August from 2009 – Denver Business Journal

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Long-Term Mortgage Rates Fall for the 9th Week

August 27, 2010 at 4:33 pm (Uncategorized) (, , , , , , , , )

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), and for yet another week, fixed-rate mortgages reached record lows, while the 5-year adjustable rate remained tied at its low for this survey. (The 30-year fixed-rate survey began in 1971, the 15-year began in 1991, and the 5-year adjustable in 2005.) The 30-year fixed-rate mortgage (FRM) averaged 4.36 percent with an average 0.7 point for the week ending August 26, 2010, down from last week when it averaged 4.42 percent. Last year at this time, the 30-year FRM averaged 5.14 percent.

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Car Lover’s Dream Homes

July 27, 2009 at 10:36 pm (Uncategorized) (, , , , , , , , , , , , , , , , , , , , , , )

Need a little more bumper room?  There are currently 299 homes on the market in all of the Denver Metro area that have 6 or more garage spaces! I know you car lovers take this stuff very seriously and many of these have serious prices, but there are even a few that will leave you enough in your pocket to buy more cars at one of the many auto shows being held throughout the rest of the year.

5700 Piedmont Dr. Cherry Hills Village

5700 Piedmont Dr. Cherry Hills Village

Check out 46124 Black Spruce Lane east of Parker in Amanda Pines Estates.  It’s a seven bedroom, five bathroom home and the marketing says “Need to Sell Quick. Make an Offer! Short Sale approved” But for you car lovers, it is the 2700 sq foot heated Garage/Barn/Shop that makes this property extraordinary.  That is more room for the cars than the average sized home has for people! This home and its 8 car garage is currently priced at only $550,000. 

 I know you car aficionados’ like to keep your vehicles looking good! At 5835 S Franklin St in Greenwood Village, you’ll find two separate 3 car garages and an indoor car wash! This four bedroom, 7 bathroom home on more than an acre is currently for sale for $1,395,000.

I know it isn’t always just cars that draw the attention of motor heads.  If you find yourself yearning for life on the open road and an RV is your choice of travel, you can buy a place to park it as well as 15 acres and a beautiful home in Sedalia1645 Big Bear Dr. and its oversized garage with RV door is priced at $1,595,000. Views of the Plum Creek Valley are the added bonus!

Do you dream of a garage nice enough to host a formal party? Check out this checkered floor beauty at 1 Thoroughbred Run in The Polo Reserve in Columbine.  Space for eight cars with glass garage doors looking out on the two plus acres of land all for $1,599,000. 

If acreage isn’t your thing, and instead you prefer walking to art galleries, fabulous restaurants and the best shopping in town, you need to see 216 Clayton in Cherry Creek North.  It is more than four thousand square feet on the 3rd floor waiting for your personal touch. For just over three million dollars, it can be yours with room for six cars!  A rare find in the city! 

The home at 6234 North Crowfoot Valley Road is for the serious car collector with space for 25 cars! You’ll love driving your beauties up the one mile long driveway to this gated estate.  All 75+ acres are included for $5,500,000.

Just like to look at your cars and aren’t really into driving, 4855 S El Camino Drive, Cherry Hills Village has room for 12 vehicles to rest while your driver takes you around in the limousine.  There is a garage space for the limo when you get back to your $7,995,000 home!

8021 Spruce Mountain Road, Larkspur, CO

8021 Spruce Mountain Road, Larkspur, CO

If a limousine isn’t fast enough, take your own private plane and land it on your own 5,000 foot long runway.  Don’t worry, your plane won’t get cold during our Colorado winters. 8021 Spruce Mountain Road in Larkspur has its own heated airplane hanger. When you have nearly 200 acres and a 10,000 square foot home, a plane might be necessary to get around! It can be yours for just $15,000,000. No matter what your dream garage looks like or how many vehicles it fits, I can find it for you in south metro Denver and its neighboring suburbs! I’ll even let you pick me up in your favorite cruiser.  You drive, I’ll navigate.

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Swimming for a bargain in Denver Metro Real Estate

July 27, 2009 at 11:40 am (Uncategorized) (, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , )

Who needs crowded recreation center pools when you can buy a house with one in your backyard for a great price right now in south metro Denver. There is nothing like a dip in a cool pool on a hot summer day!  Pools at community centers are packed this time of year with kids & families going for the entertainment or for swim team or lessons. There is something about the water that draws many of us.  But you know the routine of packing everyone up and making sure you have all the towels and toys and sunscreen can make you exhausted before you even dip your toe in the water. Wouldn’t it be great to just walk into the backyard and enjoy a swim without all of that hassle?  Right now there are a number of great homes for sale in Denver and the southern suburbs with swimming pools.

34756 Wagon Wheel Trail, Elizabeth, CO

34756 Wagon Wheel Trail, Elizabeth, CO

And it isn’t just for the rich anymore! You can spend as little as $225,000 for a brick home with a 9’x28′  lap pool in Southwestern Denver or choose a tri-level home near the new Streets of Southglenn in Centennial with 4 bedrooms and 3 baths and a pool in the back surrounded by stamped concrete for less than $270,000.  There are homes with pools available in every style.  Perhaps a traditional two story built in 1997 with a gourmet kitchen with granite counters and a hot tub and swimming pool is more what you are looking for?  You can find one for $469,000 in Governor’s Ranch in Littleton

Some people say it isn’t warm enough in Colorado for outdoor swimming pools so if you want year round swimming, there are even homes with indoor pools for sale. In eastern, Centennial there is a home you will never have to leave to enjoy your favorite activities.  6752 S Himilaya Way in the Antelope neighborhood includes an enclosed pool, billard room and two out buildings for the horses you are allowed to have on site.  This four bedroom, four bath home is on 2.3 acres and everything has been updated for the amazing price of $475,000! Or maybe you want to slip out of bed in the morning right and swim in your birthday suite. A home in Greenwood Village has a staircase from the master bedroom to the indoor pool and more than 3700 sq feet.  5771 S Hannover way is only priced at $575,000.

If you like swimming and cars- I’d be happy to show you the home east of Parker that includes a pool and 5 car garage!  It was remodeled in 2006 and has two master suites.  Even the animals will love 10719 E. Arrowhead Lane.  For $738,000 you get nearly 10 acres plus a 6 stall barn and a greenhouse!

Maybe a home closer to the action is more your style.  There is a great home for sale near the University of Denver with a backyard that will remind you of your last trip to the islands.  With a tiki bar, swimming pool and hot tub- this home is great for summer fun and even the inside makes you feel happy with an interior done by an artist including purple, red, yellow and lavender walls! 1911 S. Milwaukee Street is definately the place for someone who enjoys life and at $525,000 there could money left over to cover the beverages for all of the parties this home screams for you to hold!

If you want to take a step back in time but still have all of the amenities of today PLUS a pool, you will love the beautiful 3 story Victorian in West Washington Park. Maybe you saw 128 Sherman Street when it was included on the Wash Park Home Tour.  If you fell in love with the 1892 beauty with its 3 fireplaces, library and gorgeous gardens then, you can own it now for $619,000!

If your preference runs a little more modern, maybe 606 E. Belleview Avenue in Greenwood Village is for you! This private gated & walled retreat includes fir beam ceilings, floor to ceiling windows, floating cabinets in the remodeled bathroom with a vessel sink and a mid century modern feel that is not found often on a lot that is .73 acres!  The pool comes with a diving board and slide and the whole amazing property is available for under $700,000!

If you like a deal & tennis too, you can have both a pool and tennis court, an 8 stall horse barn, hot tub and views of the front range on 4.5 acres.  The property at 6121 S Olathe St. in Centennial is a corporate relocation and the listing says to BRING ALL OFFERS!  It is currently priced at $725,000 and also includes a killer kitchen and is located in the Cherry Creek school district!

In all of Denver and the southern suburbs there are currently 41 homes on the market, under $800,000 with swimming pools! Having your own pool isn’t just for the super rich any more. If you are dreaming of the luxury of a pool on your own property.  Give me a call, I would be happy to grab the sunscreen and a towel and show you any of the above mentioned homes or any of the other homes with swimming pools!  What a way to spend day!  Jill Schafer, Realtor, The Kentwood Company at Cherry Creek 720-422-0950

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Dow tops 9,000 as home sales rise for 3rd month – The Denver Post

July 23, 2009 at 3:36 pm (Uncategorized) (, , , )

Dow tops 9,000 as home sales rise for 3rd month – The Denver Post

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For Sale: 3BR/3BA condo in Aurora, CO, $169,000 but views are priceless!

June 12, 2009 at 8:47 pm (Listings, Uncategorized) (, , , , , , , )

For Sale: 3BR/3BA Single Family House in Aurora, CO, $169,000

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What do people want when they move to the Denver area?

February 17, 2009 at 3:07 am (Uncategorized) (, , , , , )

Views, Views, Views! Read the rest of this entry »

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