Archive for Denver Real Estate News
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→
Denver Lofts and Condos Appreciate
Posted 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.
Denver Home Sales After Tax Credits
Posted 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
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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
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- 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
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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→
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.
Fear and Loathing Shadow Inventory
Posted by: | Commentsby Lon Welsh, Owner, Your Castle Real Estate
Some real estate experts fear Shadow Inventory will force the housing market into another recession. “Shadow Inventory” refers to foreclosure homes owned by lenders or about to acquired by lenders through foreclosure that have a high likelihood of coming onto the Denver real estate market this year. They are homes that may be currently in default or owned by the Banks. Or, hey may or may not yet have a Notice of Election and Demand from a Public Trustee but are in defualt.
Today’s Wall Street Journal depicts the potential size and the scope of the shadow foreclosure real estate market for homes across the United States. That economist pegs it at 1.1 million homes. The Denver metro area 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→
Kentwood Brokers Home Tour
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Kentwood Company Brokers Tour Our New Listings Every Week in a Broker Caravan.
Why would any homeowner ever want to have 40 Realtors traipsing through their home like a herd of wild buffalo looking for food in the early hours of a Wednesday morning?
There’s only one possible reason. They want to sell their home more quickly and at the highest possible price. They know these buffalo are Kentwood real estate Brokers who just may have the right buyer ready to purchase their home. Read More→
