(Ed Note: Welcome Tom Cryer! Tom is our newest Blogger and an expert in foreclosures and short sales at the Kentwood Company. He lists and sells real estate throughout the south Denver suburbs.) Foreclosures are emotional for people loosing a home. They are business transactions for investors and entrepreneurs who fix and resell them. And, […]
This article will help you understand some important forces that drive local Denver real estate neighborhood real estate prices – and what it might mean for your neighborhood. In April 2010, the number of home S/S (short sales) overtook the number of REO (bank owned) sales.
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%. Some Realtors attribute this increase to Denver relocation buyers as well as “move-up” buyers. Why does $460,000 define luxury […]
by Larry Hotz, Senior Editor Hidden Camera: Actual auction by the Douglas County Public Trustee of another property in the same auction. The auctioneer knows most of the the investor bidders. All bids are cash only. Why would a bank ever let a property go to foreclosure when they could settle the issue and seemingly […]
By Larry Hotz, All Denver Real Estate Editor Some Colorado Counties, like Adams and Weld, have suffered from massive foreclosures and short sales. In a short sale, some of the mortgage loan debt is excused by a lender just to sell a property at a lower price. This year, the Colorado Real Estate Commission is […]
by Lon Welsh, Aurora Broker The average home price in Denver declined 3% between 2006 and 2007, from $312K to $303K. The first eleven months of 2008 versus the same period in 2007 declined an additional 13% to $269K. However, there is a lot of variation from one city to the next. The average price […]
By Larry Hotz, All Denver Real Estate “Can I get a good deal on a foreclosure or a short sale?” By far, that is the most common question I am asked. People moving to Colorado have heard that we have a large number of foreclosures. They presume that the best deals must be in distressed […]
by Larry Hotz, Denver Real Estate Denver home sales dropped a modest 4.3% in November from the year ago period according to Metrolist the MLS sales reporting agency. But, that figure includes condominium sales and home sales in areas with lower income and higher foreclosure rates. Most of my clients want to know what is […]
“Denver leads the nation in foreclosures”. That’s what several newspaper headlines said recently. “Luxury home sales above $1 million have suffered less in the last year. Those sales are still relatively constant with the prior year.” That’s what I said in a recent editorial. Why are both statements absolutely true?