Author Archive
Sellers Beware; Buyers Prepare
Posted by: | CommentsWhen a national real estate guru comes to Denver to address Realtors, it’s usually like a high school pep rally. Realtors are told that the glass is half full. The market is about to turn. And all they need to do is list more properties for sale to succeed.
Steve Harney came to the Daniels Cable Center at the University of Denver to address and all Kentwood Realtors. His message was different: The Market is lousy and it’s going to get worse. Read More→
South Broadway Boom
Posted by: | CommentsBy ELizabeth Hotz, First time Home Buyer Specialist
Snarled traffic on Broadway Blvd south of I-25 will be worth the trouble when the renovation of the Better Broadway Project is completed.
Driving up and down South Broadway Boulevard in Denver – just south of where it connects with I-25 – has become unbearable! Cars backed up for blocks, new lanes, huge cement trucks, and construction workers with their “slow” signs – it’s an anthill of activity. And yet, many people wonder what all the fuss is about…
In 2010, the Better Denver Bond launched a $34.4million project known as Better Broadway that will give South Broadway the face-lift it has so desperately needed! Read More→
Trees: Beauty and Hidden Liability
Posted by: | CommentsBy Carl Brahe, Commercial and Residential Real Estate Inspector
Trees in Denver can add beauty but beware of liability.
Trees add beauty and comfort to a Denver home for sale. Trees can increase enjoyment, ascetics and add value. Trees can cut down on energy use and provide a wonderful playground for children. Trees can be a big asset to a home or a big liability.
In many older neighborhoods large trees that add character to a home and can make up for shortcomings in the houses. Older trees, especially those subjected to the stresses of a suburban environment, may develop health problems that require special maintenance or even removal. In the Denver area many of the trees are failing from disease and/or old age. Read More→
Penterra Condo Sales End
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Penterra Condos in Greenwood Village sales have been curtailed by a Homeowners Association lawsuit.
Another condominium project in Greenwood Village is suffering. Unlike the Landmark and its checkered issues with bankruptcy and new ownership, Penterra Condominiums have all but stopped selling due to a lawsuit filed by the Homeowners against the Builder, Developer and Owner.
Lenders have stopped making loans there. The on-site sales office is closed. And potential buyers are being informed about the “Construction Defects Lawsuit” that has been filed against the Builder, Owner and Developer of the residential/office complex in Greenwood Village. Penterra is also home to the popular McCormick & Schmick’s seafood restaurant.
If it sounds as if the buildings must be a construction nightmare. But, that’s not necessarily the case. Read More→
Erie’s Spirit Of Flight Center
Posted by: | Commentsby Paula King, Kentwood Company’s Erie Realtor
I loved this aviation museum in Erie when I visited recently.
One of the unique aspects that Erie has over its neighboring community is the Erie Municipal Airport. There is a community that abuts this airport where the homes have their own hangers. It attracts many pilots as homebuyers even those who fly for a living out of Denver International Airport.
Even more special is the Spirit of Flight Center, www.spiritofflight.com, that is adjacent to the airport, a non profit, world class aviation facility, founded by Gordon Page, past president of the Colorado Aviation Historical Society. As an Erie Realtor, I am always interested in our unique attractions so I can explain them to my relocation buyers moving here from out of state. My husband and I had a personally guided tour by Mr. Page recently, and he absolutely loves what the museum represents. It was fascinating. Read More→
Landmark Condos Has New Owner
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Landmark Condominum Towers and Retail Shopping center in Greenwood VIllage, a Denver suburb
Hypo Bank of Germany is the new owner of the Landmark Complex in Greenwood Village that includes the two Landmark luxury condominium towers. While the retail complex thrives, questions remain about the future of the residential condominiums.
The opulent retail and residential complex in the posh Denver suburb has been an interesting story since the project began over four years ago. The complex consists of 250 residential units plus a 168,000-square-foot shopping center, The Village Shops at The Landmark Read More→
Tax Credits: “The Hangover”
Posted by: | CommentsHow’s the Denver real estate market?
The Denver real estate market is suffering from the after-effects of the tax credit party. May home sales plunge 41%.
May home sales statistics from Metrolist have plenty of support for both optimists and pessimists.
As Charles Dickens might say: “It was the best of times. It was the worst of times”. I say: “We are suffering from The Hangover.” Tax Credits to buy homes are gone (probably forever) and the party is over. But, we sold a ton of homes under $300,000 and some of those buyers actually did move up and buy more expensive homes.
But, most didn’t. Most sales were short sales and foreclosures that were heavily discounted. Homes priced over $500,000 have continued slow sales and prices, generally, have dropped but not in every market segment.
For optimists, we can consider that closings were way up in May. Read More→
When Will Shadow Inventory Be Listed?
Posted by: | CommentsThe previous article about shadow inventory data made a good argument that the Denver real estate market can absorb the possible new foreclosures that are on the horizon fairly easily. This graph shows that the numbers of weekly foreclosures that sell at the Public Trustee sales are not increasing yet.
Recent forclosure homes recieve Certificates of Purchase on the day of the sale. These stats are from Jill Cox, First American Title.
Carbon Monoxide Detectors in Colorado
Posted by: | CommentsBy Larry Hotz, All Denver Real Estate, Senior Editor
This Denver area family died in Aspen from carbon monoxide poisoning
Every seller of every home in the state of Colorado must now install carbon monoxide detectors within 15 feet of every bedroom.
Current monoxide detectors have always been a good idea because they are a first alert against the invisible, odorless gas that can kill people if a furnace should fail. In addition to being a good, common sense idea, it is now the law of the land in the state of Colorado whenever any home is sold. Read More→
Denver Relocation: Top 10 Questions
Posted by: | Commentsby Larry Hotz, Senior Editor and Denver Realtor since 1978
Our full-time stafff helps with Denver relocation for companies and families.
Denver relocation isn’t automatic. Families can spend weeks or even months researching and asking questions. Believe me, for the last 30 years I’ve heard all the questions from home buyers moving to our city. I have reduced these questions to the David Letterman top 10 questions about Denver relocation.
Of course, the number one question is about Denver neighborhoods. Read More→
