Archive for East Suburb
First Time Condo Buyers
Posted by: | CommentsBy Michael Canon and Lon Welsh, Your Castle Real Estate.
It’s still a great time to be a buyer in the condo market. Prices are at a three or four year lows in many areas. Interest rates on mortgages are still historically low. Combined with the first time home buyer tax credit, this should be a perfect storm for first time buyers to get the deal of a lifetime in the Denver real estate market.
Denver condo prices for the last 12 months through Febuary 2009. Read more to see prices in Aurora condominiums.
Denver: Second Best Market
Posted by: | CommentsBy Larry Hotz, Senior Editor
Robert Shiller is co-author of the Case-Shiller Report on real estate markets.
This week, the Case-Shiller report again announced that Denver is the second best of the major real estate markets in the country. We held up better than the other 18 markets. This is consistent with other reports that Denver has weathered the real estate storm better than most areas of the country.
But, is there opportunity in our relatively strong real estate market for buyers and sellers? You bet there is! Read More→
Aurora Home Prices
Posted by: | CommentsBy Lon Welsh, Aurora Real Estate
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North Aurora Colorado real estate. Click Image to enlarge.
Many people are closely following the national headlines for home price trends. Here in Denver metro, the average price of a single family home increased about 2% between 2005 and 2006. Between 2006 and 2007, home prices dropped 3% on average to $303,000. Looking at the first nine months of 2008 versus the same time period of 2007, prices have dropped 11% to $272,000. This is for Denver metro, and does not include Boulder or Colorado Springs. Read More→
Aurora Market
Posted by: | Commentsby Lon Welsh, Aurora Real Estate
I think that the Denver suburb of Aurora, particularly the northern half of Aurora, is near the bottom of the market cycle. Positive market trends I have noted this year:
The Denver suburb of Aurora may have seen home prices hit bottom.
- Active listing count is steadily declining
- List prices and sold prices, on average, are pretty stable after a 40% decline in a few years
- Number of homes under contract is up
- The number of sales per month is increasing
- Marketing times have decreased
- The sold price as a percentage of list price has been steady (banks are getting better at pricing)
- Expired listings volume is declining
Siena, Tuscany in Aurora Colorado
Posted by: | CommentsSiena-Tuscany South
Tuscany South, commonly known as Siena, was built by the top builders in Denver starting in 1999. The majority of the homes here were built from 2000 to 2002 by DR Horton, Sanford Homes (Beazer), Golden Design and Richmond Homes. The concept was simple, how much open space can be built to accommodate 345 homes. Siena is surrounded by Piney Creek Hollow Park which includesoccer fields, baseball diamond and a recently constructed concession building. Cherry Creek Schools, Parks, Recreational Center, and easy access to C470-DIA or downtown makes Siena a fantastic area for families that want to enjoy open space and yet have larger, comfortable homes. It is an ideal neighborhood for kids that love being active. The community pool, tennis, and four parks within Siena are tops in the Southeast metro area. The values in Siena range from $400’s to $800k and are stabilizing. Homes vary in size from 2500 sf to over 5000 sf above ground, and all with 3+ car garages.
Saddle Rock.
Love golf? Check out the affordable Saddle Rock Golf Course. It’s a challenging golf course only two miles from Siena. How about shopping? Southlands shopping center débuted in 2006 and boasts some of the top shops in town.This entirely outdoor shopping center has added very much of a “village” or “town center” feel to the shopping experience.They have plenty of boutique-like shops, bistros, and outstanding restaurants alongside your favorite chains. Southlands is also the place for outdoor concerts, events, farmer’s market and summer festivals – it’s got it all!
