Sellers Beware; Buyers Prepare
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→
Save $100,000 in Mortgage Interest
By · Comments
Jimmy Kenley advises some clients to take shorter home loans to save money.
By Jimmy Kinley, Senior Loan Officer
(Ed: Denver mortgage rates are actually lower now in the 4% range for 30 year fixed home loans. But, the concept of saving hundreds of thousands of dollars is just as valid.)
I have been giving my clients more options when it comes to fixed mortgages these days with rates on 20yr and 15yr loans being so low. It only makes sense to accumulate equity more quickly and save money on total interest payments. Read More→
Denver Lofts and Condos Appreciate
By · CommentsBy Lon Welsh, Your Castle Real Estate
Denver lofts, condos and town homes have notoriously underperformed the macro Denver real estate market. But, in the first half of 2010 even lagging condos showed signs of rebound as they already have in cities like Washington DC and New Orleans.
Click on the map to enlarge. Then, zoom in(+) to see neighborhood details.
Evergreen: Denver’s Mountain Suburb
By · Comments
Downtown Evergreen's own picturesque lake
(Bob Maiocco is our newest Blogger who lives and works in the Denver suburbs of Evergreen. He also knows and sells homes in Conifer and Morrison and Bailey)
Evergreen real estate is an impressive collection of mountain architecture in a remarkable setting anchored by a beautiful alpine lake—Evergreen Lake. Evergreen homes for sale range from tiny mountain cabins originally built for writers, artists or weekend vacationers up to new luxury estates offering some of the best views and settings in America. Read More→
South Broadway Boom
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
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→
Denver Home Sales After Tax Credits
By · CommentsBy Doug Hutchins, Castle Pines North Real Estate
How will the expiration of federal tax credits effect my listing at 8709 William Cody Drive and others?
“Is this party really over?” Or, did federal tax policy, and what some would call reckless federal “spending”, actually prime the Denver real estate pump for future sales
It is always interesting to see the effects of government policy. As you likely know, Read More→
Luxury Denver Home Market
By · Comments
Luxury home sales increased in second quarter along with prices.
Like the rest of the market we study, luxury home prices appear to have stabilized and actually improved somewhat in the second quarter of this year. In fact, sales these homes priced above $460,000 increased 13%.
Why does $460,000 define luxury home sales? Read More→
Denver Neighborhoods Home Price Trends
By · Comments
- Lon Welsh is a statistician and Denver real estate Broker
By Charles Roberts and Lon Welsh
Second Quarter Denver Home Prices
The Denver real estate market had a great second quarter. If you compare the twelve months from July 2009 – June 2010 to the twelve months immediately preceding it, the average Denver home price increased 7.4%.
But, the devil is in the details. Some Denver neighborhoods experienced great price appreciation and some suffered price deflation. The following map shows how individual neighborhood fared. Read More→
Penterra Condo Sales End
By · Comments
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→
