Luxury Home Sales in Denver hit 2 year high in August

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

A photo of an entrance courtyard of a luxury h...

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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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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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1 in 7 Homeowners Past Due or in Foreclosure

August 30, 2010 at 8:00 am (Uncategorized) (, , , , , , , , , , )

Foreclosure signs, Mortgage crisis,

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MBA Report: 1 in 7 Homeowners Past Due or in Foreclosure

RISMEDIA, August 30, 2010–One in seven homeowners is past due on their mortgage or in foreclosure, according to the Mortgage Bankers Association‘s latest report on home loan delinquencies. The report shows that mortgage delinquencies rose during the second quarter, and overall, one in seven borrowers is delinquent or in foreclosure. That’s up from one in eight a year ago and one in 11 two years ago. Although there was a dip in the share of homes in foreclosure, the report shows that the foreclosure epidemic continues, with millions of homes still at risk. 

This data comes on the heels of a report issued this week by the State Foreclosure Prevention Working Group* that shows over 60% of seriously delinquent borrowers are not getting any assistance at all from their mortgage servicing company. 

“Does it matter if we’re drowning a little bit less?” asked Julia Gordon of the Center for Responsible Lending, responding to the slight decline in foreclosures. “With millions of homeowners at risk and only a fraction of them receiving any help from their mortgage servicer, it’s time to implement mandatory measures to stop foreclosures and help the housing market recover. In fact, it’s past time.” 

* Link to State Working Group report: http://www.csbs.org/regulatory/Documents/SFPWG/DataReportAug2010.pdf 

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Super 50’s Ranch in Denver’s Historic Montclair is For Sale

December 16, 2009 at 12:17 am (Listings) (, , , , , , , )

I just listed a home in Denver’s Montclair neighborhood that is in impeccable condition.  I am amazed that a home built in 1952 is in such great shape.  The owners did all of the right things as far as keeping their home in good shape.  They replaced the concrete driveway on the north side of the home, put in new carpet and added a covered flagstone patio. They replaced the home’s systems when it was necessary and had them cleaned and maintained.  Did I mention it is in impeccable condition?

One of the greatest things about this home is all of the 50’s details that are still in place and like brand new.  It shows amazing pride of ownership.  I don’t see that with younger home owners very often.  But there is definately an age group that knows how to take care of things of value.  Take a look at the photos.  The built-in banquette is charming and don’t miss the custom painted PINK refrigerator! It is obvious this home was well loved.

I just need to find a new owner for it.  Someone who will appreciate a solid home and find the 50’s decor charming.  Whoever buys it will get a great home with a very high walk score. 

Check out the photos http://homesite.obeo.com/574753.

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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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“Ahhh mom, why do we have to walk to get lunch?”

June 8, 2009 at 1:30 am (Uncategorized) (, , , , , , , , , , )

It is the first week since school let out and let the whining begin!  “I’m hungry.” “Can I have a friend over to hang out? ” “When can we go to the pool?” I know children are inquisitive but its amazing how they only hear the answers they want to hear and otherwise they just keep asking, hoping they will get a different answer!  Or is it just my two boys who are so persistant?

We are blessed to live in one of Denver’s best family neighborhoods.  Some call it Observatory Park or University Park ,but technically, my street, south Jackson Street between Iliff and Yale, is part of University Gardens and is, in my mind, a little piece of paradise in the city. It is a tree-lined stretch of street with no cut through side strees covered with homes on large lots.  There are no sidewalks, but in the early summer we have rows of orange poppies and in the heat of August, the huge trees give a welcome respite from the heat. So it is a popular street for walkers, runners and bikers. The weather always seems better here than anywhere else in the metro area. We are just 10 minutes from Downtown Denver, 10 minutes to the Denver Tech Center and right near the University of Denver. I truly believe it is a slice of heavan on earth!

I was working from home  with my sons, who are now out of school for the summer, hanging out with me. I thought it would do us all good to take a break at lunch and go for a walk.  Pulling an eleven year old away from video games and a 13 year old away from whatever project he was building in the garage is not an easy task to start with, but to go for a walk to a new local restaurant was really a challenge!  They couldn’t understand why I wouldn’t just drive ‘thru’ and bring it home!

We left the suburbs because everything was all about driving- even though we didn’t have to drive far in my old Littleton neighborhood of Southbridge, there really wasn’t a ‘walk to’ restaurant near us so we always drove, everywhere, to everything. I love living where you can walk to things.  The University neighborhood Walk Score is 75,. From my house on S. Jackson St. it is 86!  Have you checked out your Walk Score.  It is a great tool to see where things are located near an address.  Type in the address and it lets you know how close important things are like restaurants, grocery stores, schools, parks, bars, the library etc.  The scoring goes to 100.  Enter your address and see how your home scores. 

Does the 86 impress my sons?  No, but their Grandma happened to come by so she joined us on our 6 block walk to the new Pei Wei Asian Diner  off of Colorado and Buchtel Boulevard and all were impressed with the food!  One way to speak to adolescent boys is through their stomachs!  The quick stroll allowed us to enjoy one of Denver’s fabulous sunny days.  It also gave my oldest a chance to once AGAIN make an argument about why he should be allowed to adopt snakes and for me to see it had been too long since breakfast for my youngest!  That is where the whining came in! 

Full after eating Pei Wei

Full after eating Pei Wei

 It was a tasty lunch.  My boys wolfed that food down so fast there was hardly time for the steam to dissipate from the dish.  Even better, Grandma picked up the check!  It was a nice inter-generational activity for all of us.  Pei Wei opened quietly in April  at this location, but seems busy everytime I have driven by. Its always good to have new development in a neighborhood and we wish them well.

On the walk home, everyone was in a much better mood, (amazing what a full stomach will do for your attitude.) Not one of us whined! I was thrilled, not just because I loved my sesame chicken, but because, for me that is what life is about,  living in a neighborhood where you can walk to what you need, on a block with fabulous neighbors surrounded by the beauty of nature. It was fun to catch up with Grandma and even more fun to spend the time with my boys. So  a short walk, a little lunch and the whining was gone!  I couldn’t have done that in my old home in the suburbs, that’s for sure. Your home needs to function to fit your life, the neighborhood needs to meet your needs.  If it doesn’t, now is a great time to find one that does!  Rates are incredilby low. Denver is touted as having made the turn around.  I provide the 5 Star Advantage  you need to help you find the area that fits your lifestyle as well as one that is most likely to improve in value! Who knows, it maybe just a short walk away!I promise to keep the whining to a minium.

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