1900’s Denver brownstone with over 2000 sf offers an open main living area with original details. The fully restored wood windows, banister details, original hardwoods and tall ceilings capture the history and charm that Denver has to offer. The large windows and skylight shower the home with natural light. Enjoy quiet, as the walls are brick and very thick. The basement has a second entrance, so you can use it as a den or as a rental or mother-in-law suite. The neighbors are a delight and are passionate about community! Enjoy all that Denver and Uptown have to offer, with access to theaters, museums, shopping and dining! Downtown Denver is less than 5 minutes away- so you’ll never miss a beat.
Where Are They Coming From?
So Many People Are Moving Here…But Where Are They Coming From?
No surprise to us ‘natives‘ that many people are planting themselves in lovely Denver but where are all of these transplants coming from? Between 2009 to 2013, a whopping 100,000 people made Denver County home! Westword’s article discusses where all of these movers came from but mind you, not all were from out of state! 42,674 moved from other counties in Colorado to Denver. The remainder mostly came from California with 8,282 people, while Bexar County, Texas brought up the end with 652 making the exodus to Denver. Check out the rest of the results here.
So, that is where they are coming from.
More people are moving to Denver than ever and a good portion of the people moving here are millennials. What is a millennial? There are many definitions yet let’s go with “someone born from 1981 to 1997″. Denver is drawing this demographic for many reasons which keep most of us here: weather, outdoor activities and business opportunities. In fact, an average of 12,682 more millennials per year moved here than left! To find out more about why millennials are coming here please follow link to The New York Times Article.
What is a Title Company and what do they do in your real estate transaction? A Title or Escrow Company, is an important part of the under contract process all the way to the closing table. Read more on how to choose a reputable company and what their responsibilities to you are Learn more here
Stunning Estate home with ample upgrades and designer finishes which distinguishes itself from other homes in the neighborhood! Main level and basement have been extended out by 6′, garage has been extended out by 4′. Master-craft cabinetry throughout, amazing pictures windows in the great room allow lots of Colorado sunlight to warm the open space. 6,323 finished sq.ft. allows plenty of living and entertaining space. For an amazing viewing experience: http://ow.ly/vl9w302hEGB
June Market Shows Some Improvement for Buyers
The Colorado real estate market has definitely been geared towards sellers for the most part of last year through today. June’s statistics show some favorable trends though for buyers! Listings for single family attached and detached homes have gone up 13% from May, and are 8% up from a year ago. Buyers now have more options to view and purchase, which will hopefully decline multi bidding wars, leading to frustration.
Unchanging though, is the high cost of purchasing. SFH’s have averaged a sales price of about $419,000, up 3% from May and up 12% from last June. Attached SFH’s averaged a sales price around $293,000.
Another interesting trend is the decrease in under contracts and sold homes compared to this time last year. Detached homes have seen a 4% drop and attached homes have seen an 11% percent drop in under contracts. Sold SFH’s, detached and attached, have declined by 17% ytd. Could this be due to transactions falling out of contract or is it the time of year?
With July upon us, the market tends to cool down as families are traveling before kids return to school. Will July show more of a slow down on homes making it to the closing table, or with more inventory, will buyer’s be more likely to find the right home and go under contract?
Until next month Colorado!
Your good friends just went under contract on a home, then you hear that the contract fell through. What circumstances arose to have this happen and what does this mean for your friends? Watch the video in the below link to learn more.