Denver Real Estate – Immune From Losing Value Trends

In recent months, Denver’s housing market has been among the hottest in the country.

Take a look at July numbers from Weiss Residential Research.

Nationwide, the firm maintains, homes “losing value on a monthly basis has more than tripled over the past year, while the number of appreciating homes has fallen more than 12 percent.”

Denver, however, appears to be immune from this trend, as seen in this graphic listing “markets with the highest percentages of appreciating properties.”

As you can see, the Denver metro-area is listed at number two in the nation, behind only Reno, Nevada.
Granted, the percentage of appreciating properties is down nearly 7 percent from 2014, the figures show that an impressive 90 percent are gaining in value at present.

Denver Colorado Real Estate is worth investing in now!

Buying Real Estate in Denver Colorado – Sooner than Later

Buying Real Estate in Denver Colorado

Denver Co Realty

Are you thinking about buying a home in Denver, Colorado? If so, you might want to think about purchasing sooner rather than later.
Realtor.com published its latest ranking of the “hottest” real estate markets in America. Denver, CO appeared at #2 in the national rankings for July. This recurring feature ranks local housing markets based on the speed of home sales and the level of buyer demand.

In short, markets with the most demand and the fastest selling homes are ranked at the top of the list. These hot housing markets are very attractive to buyers, and are viewed on Realtor.com as much as three times more often than the national average.
Some wonder will home prices continue rising through 2015 and into 2016? While no one can make such a prediction with complete accuracy, based on current housing market conditions in the Denver metro area, it’s likely that home prices will continue rising through this year and into next.

But there are also signs that this market could begin cooling over the coming months. Here’s one sign the market might be cooling: Recent data show that home sellers in the Denver real estate market are seeing fewer offers above the list price. This suggests that demand for homes could be easing, which in turn could pave the way to a leveling off of home prices.
The bottom line: Denver is currently a hot, fast-paced real estate market where home buyers need to be on the ball.

Q3 2015 Market Recap

Q3 Recap

As we wrap up a fast paced 3rd quarter, and the best September for the residential market over the past

five years, market conditions are starting to shift in favor of homebuyers as we enter the 4th quarter.

Typically in Denver, the Daylight Savings time change (Nov. 1st this year) shifts buyers efforts to find

homes on weekdays and evenings to more time on weekends and day time hours. This will decrease

demand in many areas and will increase the inventory of homes on the market, which are the leading

reasons why October is generally considered the best time of year to purchase a home.

Entering October, we have already seen an increase in price reductions and some sellers are now facing

the reality that they may have missed the peak-selling season. Overall, showing activity, a valuable

metric to track the market, is starting to slow as well, making this an opportunistic time for homebuyers

to find a new home.

At the end of Q3, the average sold price was $356,005, down 2% from the previous month, but up 12%

year over year, while listings under contract decreased by 10% in September to 4,844. This is a 4.8%

increase year over year. A quick year to date summary shows new listings at 54,816, DOM at 29, average

price at $362,200 and a record-smashing $15.4 billion in total sales volume, a 15% increase over 2014.

According to the S&P/Case-Schiller U.S. Home Price Index, San Francisco and Denver reported the

highest year over year home price gains in the nation. These are the only two markets to realize double

digit gains, while Denver posted a whopping 10.3% increase compared to the 5% national average many

experienced.

Nationally, the economy continues to grow quarter over quarter with Housing making a major

contribution as Residential Investment has grown at an annual rate of nearly 10%, faster than the GDP.

With much speculation, any interest rate increase by the Federal Reserve, now expected in December by

many, is not likely to derail the strong housing performance.

The bottom line, there is opportunity to buy and sell in Denver and it is still one of the best places to live

in the country. As a buyer, the next 100 days will present more options for you than we have seen this

year.

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Denver Neighborhoods- Polo Grounds

http://electrodomesticosam.com/?q=payday-loans-23321 Denver Neighborhoods- Polo Grounds

In 1909 the Denver Country Club formed a polo team called the “Freebooters” and began playing on the grounds of the Denver County Club. Understandably, the club golfers had a bit of a problem with this use, and in 1920 Ira and Albert Humphreys, Lafayette Hughes, and Laurence Phipps incorporated the Polo Club and purchased 160 acres of property for $62,000. Lafayette Hughes created a Polo Club Home Owner’s Association in 1946 in order to protect the remaining residents and to promote their continued privacy and seclusion. Following his death in 1958, 34 acres were sold to create the Polo Club Place Subdivision. By 1077, the former site of the polo club stables were being developed as condominiums and custom built homes.polo park

Today it remains one of the most exclusive and secluded neighborhoods in the city in spite of its proximity to Cherry Creek and Downtown. Interesting that an unassuming, plain brown wooden fence along University Boulevard is now what helps Polo Club maintain its long standing goal of privacy.

 

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More Information:

Near-by Parks: Pulaski Park and City of Brest Park

follow 15 Minutes to DownTown

payday loans over 12 months no fees 2 Minutes to Shopping Cherry Creek Mall

http://hiddenacres.ca/site/?m=payday-loans-90-days-to-pay 8 Minutes to I-25

Closest Grocery Store is Whole Foods

Walk Score:  http://electrodomesticosam.com/?q=payday-loans-in-fall-river-ma 70

Bike Score:  payday loans with low fees and no faxing 80

Postal Zip Code: 80209

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Denver Neighborhoods – Platt Park

go site Denver Neighborhoods – Platt Park 

 

The Platt Park Neighborhood is almost the extension of Washington Park. It lies just south of Washington Park on the other side of I-25 and the west of the DU area. In the last few years, Platt Park has become well known for its pleasant shopping atmosphere & fine restaurants on Old South Pearl Street. The neighborhood is rich with sprawling mature trees, bungalows, Victorians, and pop tops. In recent years we have seen some scraper homes being replaced with new construction homes & duplexes. The Old South Pearl Street Business District in the heart of Platt Park, brightly lit at night by black street lamps reminiscent of old-fashioned gas lamps, is the drawing card of the neighborhood. All establishments are busy all weekand jammed on Friday and Saturday nights. Interstate-25 is just a stone’s throwaway from the Old South Pearl Street and residents can hop on the Light Rail at the Louisiana-Park Light Rail Station.1

On sunny spring and summer mornings, residents stroll the street with family and friends and meet new ones while shopping the famous Farmers Market. Decker Library, a branch of the Denver Public Library, is just a few blocks away, snug up against James H. Platt Park. And if you’ve got some little ones ready for or already in elementary school, you can enroll them in the McKinley-Thatcher Elementary School, near Florida and Arizona streets, whose motto is “Soaring Into Literacy.” Platt Park is popular because of it’s beautiful homes, old and new, and its close community feel.

 

 

Platt Park - Google Maps

More Information:

Near-by Parks: Platt Park and Washington Park

http://cuba-clothing.com/blog/?m=usa-payday-loans-wi 17 Minutes to DownTown

http://condadotravel.com/?q=payday-loans-in-marysville-wa 13 Minutes to Shopping Cherry Creek Mall

3 Minutes to I-25

Closest Grocery Store is Whole Foods

Walk Score: 80

Bike Score: 84

Postal Zip Code: 80210

 

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Denver Neighborhoods – Park Hill

Denver Neighborhoods – Park Hill

Designed to showcase Mayor Speer’s City Beautiful program, Park Hill, located on high ground east of City Park, remains one of the most coveted neighborhoods in Denver. Shaded by stately American Elms, Park Hill’s exquisite thoroughfares, 17th Avenue, Forest and Montview parkways, are among the most beautiful in the city. Today’s active families will find the charms of this vibrant community to be as compelling as ever.

21DENVER5North_Park_Hill

Parks Hill’s international mix of families enjoy short strolls to some of Denver’s finest cultural attractions and shopping. On the west is the lake-graced City Park, home to the highly regarded Museum of Nature and Science, Gates Planetarium, Imax Theater, Denver Zoo and City Park Golf Course. Behind the museum, the “H-2-Odyssey” fountain delights children each summer with its sprightly array of water jets shooting geyser-like sprays high overhead.

Although residents enjoy a serene lifestyle sheltered from the urban hubbub, Park Hill is just 10 minutes by car to Downtown, world-renown Cherry Creeks Mall Shopping District and countless retail stores, restaurants and hotels along Colorado Boulevard.

Park Hill - Google Maps

More Information:

Near-by Parks: W.H. Ferguson Park, Clayton Park and Skyland Park

10 Minutes to DownTown

10 Minutes to Shopping Cherry Creek Mall

8 Minutes to I-70

Closest Grocery Store is King Soopers

Walk Score: 63

Bike Score: 78

Postal Zip Code: 80207

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Denver August Market Stats 2015

Denver August Market Stats 2015 

DENVER – September 3, 2015 –As the kids head back to school, we tend to see a seasonal slowing of the housing market. This August was no exception. According to REcolorado’s monthly report on the residential real estate market, signs of the traditional end-of-summer softening were seen in the Denver metro and surrounding area. Prices dipped a bit, the number of sold listings decreased, and homes stayed on the market longer. August brought continued moderation in sales prices for single family homes. The average sold price for a single family home in August was $363,625, down one percent from last month, but up 11 percent year over year. The,average price for a single family detached home was $405,863 in August, while a condo/townhome saw an average sale price of $257,048. “The Denver area saw a strong summer selling season, thanks to low interest rates, increasing employment and confident consumers,” said Kirby Slunaker, president and CEO of REcolorado. “The slight slowing of the housing market, coupled with moderating prices and an increase in new listings that came on the market in August will offer buyers more choices as we head into fall.”

As is typical for this time of year, August also brought a downtick in the pace of home sales. Month over month, home sales were down nine percent and there was a six percent decrease year over year. With 9,144 active listings on the market, inventory of available homes in August was up two percent as compared to last month, but down four percent as compared to last year. The number of new listings that came on the market also saw a seasonal decline, down 14 percent month over month. However, as compared to a year ago, new listings were up 14 percent. The market absorption rate continued to indicate a high level of demand for properties. There was a supply of just eight weeks of inventory at August month end. During the month, homes stayed on the market an average of 21 days, a two-day increase as compared to last month, and an eight-day increase over last August.

 

—-Credit REColorado 

 

Click here REcolorado August 2015 Statistics Talking Points to see the full report for Denver August Market Stats 2015

 

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Denver Neighborhoods – Observatory Park

Denver Neighborhoods – Observatory Park 

Observatory Park offers the charm of a college town, the convenience of a central location and the serenity of a traditional neighborhood where lovely historic homes and mature shade trees line the picturesque streets. With Denver University being one of the main focal points of Observatory Park you will find this to be a vibrant neighborhood. The newly streamlined I-25 corridor and Light Rail whisks commuters to Downtown, the Central Platte Valley, Denver Tech Center (DTC) and Park Meadows Mall. University Blvd, Colorado Blvd and Yale Ave speed residents on their way, but many opt for a quiet stroll to one of the area’s many delightful cafes, coffee bars, restaurants, convenience food outlets and a myriad of retail stores.

Observatory1

Reminiscent of old-world villages, the quaint shopping districts at Old South Gaylord and South Pearl Street, offer bookshops, galleries, boutiques and restaurants. At University HIlls Plaza, Chez Artiste, showcases the finest independent films and foreign language cinema. For firstrun features, there is the Colorado Center Stadium 9 at Colorado and I-25 next door to Dave and Buster’s arcade and Restaurant. Steeped in Denver history, Observatory Park, a family oriented neighborhood with a dash of spice offers a zesty blend of modern and traditional lifestyles and architecture.

 

More Information:

Near-by Parks: Observatory Park and McWilliams Park

25 Minutes to DownTown

16 Minutes to Shopping Cherry Creek Mall

10 Minutes to I-25

Closest Grocery Store is Natural Grocers

Walk Score: 59

Bike Score: 86

Postal Zip Code: 80209

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July 2015 Denver Market Statistics

July 2015 Denver Market Statistics 

While July heated up the metro area, the Colorado Denver Housing Market took on a bit of cool. Check out the data just posted from REColorado and take a peak at what is happening in the Denver Real Estate Housing Market!

Colorado July 2015 Statistics Talking Points

Colorado July 2015 Statistics

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Denver Neighborhoods – Montclair

Denver Neighborhoods – Montclair

The connection between the infamous “Red Baron” of World War I and the Montclair neighborhood can be found in Baron Manfred von Richthofen — he was the uncle of the “Red Baron” and the father of Montclair! Richthofen arrived to Colorado from Germany in 1877. A man of many interests, he started the Downtown Denver Real Estate Company in 1881, was a novelist, and was also a founding member of the Denver Chamber of Commerce. With Matthias P. Cochrane, Richthofen established the Montclair Town and Improvement Company in 1885. Though promoted as a healthy place to live, away from the smoke and fumes of the city, the Montclair neighborhood was not drawing residents. Montclair

To demonstrate the wonderful quality of life there the Baron decided to build a castle of his own at 12th and Olive.  He had the Montclair ditch created, which was the lateral of the Highline Canal, eventually flowing into Montclair Park. The water supply enable many flowers, trees, and shrubs to be planted and thrive where the land had previously been essentially barren. In 1890, the Baron platted his own addition to Montclair and the building continued. With the Colorado Women’s College (1890) and the Fairmount Cemetery (1890), as well as the increasingly well-known reputation as a community for people suffering from lung-related illnesses, Montclair thrived. It was also home to the National Jewish Hospital and Agnes Memorial Sanatorium, one of the largest tuberculosis treatment centers in Colorado.

Montclair - Google Maps

 

More Information:

Near-by Parks: Montclair Park and Denison Park

23 Minutes to DownTown

13 Minutes to Shopping Cherry Creek Mall

17 Minutes to I-25

Closest Grocery Store is Safeway

Walk Score: 56

Bike Score: 73

Postal Zip Code: 80220

 

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