Luxury Home Sales in Denver hit 2 year high in August

September 24, 2010 at 4:47 pm (Uncategorized) (, , , , )

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Friday, September 24, 2010, 11:32am MDT
Denver-area luxury-home sales hit two-year high in August
DENVER BUSINESS JOURNAL
Sales of luxury homes in metro Denver hit a two-year high in August, indicating the local high-end housing market “is on the mend,” according to a Coldwell Banker Residential Brokerage report released Friday.
A total of 71 homes selling for more than $1 million were purchased last month, up 48 percent from 48 such homes sold in August 2009. Last month’s sales were up 42 percent from 50 high-end home sales in July of this year.
“Luxury home sales were at the highest level since August 2008, before the peak of the financial crisis,” CB’s August 2010 Denver Metro Area Luxury Home Report said. The report uses Multiple Listing Service data.
Chris Mygatt, president of CB in Denver, believes August’s high-end home sales show the Denver-area housing market continues to rebound. “The numbers show we’re significantly ahead of where we were a year or two ago, and that’s reason for encouragement,” Mygatt said in a statement.
Other high points of the luxury housing report:
• The most expensive home sold in August was an 8,346-square-foot house in Cherry Hills Village whose buyer paid $5.25 million.
• Looking at metro-area cities, Denver had the most $1 million-plus home sales, at 20, followed by Boulder with 16. Cherry Hills Village and Littleton each had five sales.
• The average number of on the market for high-end homes that sold in August dropped to 98 days, from 142 days in August 2009 and from 124 days in July of this year.
Coldwell Banker Residential is one of the Denver area’s largest residential real estate brokerage firms, with 14 offices and more than 1,100 agents.
The company is part of NRT LLC, which is a subsidiary of real estate services company Realogy Corp. of Parsippany, N.J. Realogy is owned by affiliates of Apollo Management LP, a New York-based private equity investor.
Apollo used to be majority owner of Broomfield-based Vail Resorts Inc. (NYSE: MTN), owner of Colorado ski resorts such as Vail, Keystone, Breckenridge and Beaver Creek. 

Compiled by the DBJ’s Paula Moore 

Read more: Denver-area luxury-home sales hit two-year high in August – Denver Business Journal 

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A great honor!

September 17, 2010 at 3:24 pm (Uncategorized) (, , , , , , , )

Recently I recieved a very nice tip of the hat for my work as a Realtor.  I was named as one of 5280 Magazine’s Top Real Estate Agent’s.   

5280 Magazine 5 Star Real Estate Agent Award- Jill Schafer 

 The Five Star Real Estate Program did an in-depth research study in Denver in which they surveyed 10,000 – 50,000 recent buyers (all Denver residents who purchased a home over $100,000 within a 12-36 month period), readers of 5280 Magazine and 250 mortgage and title companies. In the study, these folks were asked to name and evaluate real estate agents with whom they had a direct/personal experience with and were evaluated based on: 

  • Customer service
  • Integrity
  • Market knowledge
  • Communication and negotiation skills
  • Closing Preparation
  • Helping Buyers find the right Home
  • Marketing a Home being sold
  • Overall Satisfaction

  

The final list of Five Star Real Estate Agents include less than 7% of the real estate agents in the Denver market.  I made the final list!  I am one of the top 7% of Real Estate Agents in the Denver market!!  I do what I do because I love it, but I have to be honest and admit it is nice to be recogonized. 

 

 

 

It is made even more special that it is a 5 Star Award and my marketing program is based on a 5 Star plan and 5 Star Service!  This past year has been a year of being honored by former clients.  Honored by their referrals, honored by their repeat business and most importantly honored by their friendships.  To all I have worked with before, thank you.  To those I have yet to work with, I look forward to providing you 5 Star Service!– Jill Schafer

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