Denver Real Estate 2016 Trends

Denver Real Estate 2016 Trends

“Last year, there was a recorded 65,872 new listings, up six percent year-over-year (YOY),

Days on Market were at 31 (down 18 percent YOY), average home price was $363,143 (up 12 percent YOY), and median home price was $314,000 (up 14 percent YOY).

Month-over-month, digging into the December MLS housing stats, 2,275 new listings came on the market, down 33 percent; 2,766 homes were placed under contract, down 31 percent; and 4,170 homes sold and closed, up 15 percent from the previous month. December closed out with 4,384 active listings, representing a 23 percent decrease in inventory over November, but 0.67 percent more – or 29 total – properties than December 2014. The total sales volume jumped 18.5 percent to $1.56 billion from the previous month.

Notably, since 1985, Denver-area has averaged 13,869 active listings in December. The high-water mark was 24,603 listings in 2007 and the record low-point was 4,355 in 2014.

The single-family market, month-over-month, had a sharp drop of 31 percent in new listings or four percent fewer new listings than December 2014. The average and median sold prices ticked upward from the previous month with increases of four percent to $414,472 and one percent to $347,000 respectively.

The condo market showed the supply of new listings dropped 36 percent over the previous month to 646, while the average sold prices remained relatively unchanged with a 0.47 percent increase to $278,656 and 0.45 percent decrease to $223,000.” – Reports DMAR 

 

HERE IS THE FULL DETAILED REPORT: 2016 Trends

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Denver Neighborhoods – Hilltop

Denver Neighborhoods – Hilltop

It is hard to believe that Denver’s prestigious Hilltop neighborhood was original developed as a country suburb of Denver. Today, this charming urban neighborhood, which is located just east of Cherry Creek, is in the center of central Denver real estate.

Hilltop, which was primarily developed between 1920-1940, is widely known for its distinctive Tudor architecture but also features other architectural styles including colonials and more modern styles. Hilltop’s residents take pride in larger lots that sit back further form the street than those in other Denver neighborhoods. Alleyways are noticeably absent due to the fact that Hilltop’s lots were intended for automobiles rather than streetcars. The neighborhood gets its name from the higher elevation of the area, and therefore offers some wonderful view of the Front Range Colorado Rocky Mountains.

 

photo credit: westward.com

photo credit: westward.com

Hilltop, which is bounded by Colorado Blvd, Alameda, 6th ave and Holly, is only a few minutes from downtown Denver and the Cherry Creek Shopping district. Hilltop residents can easily access downtown Denver’s rich entertainment and cultural opportunities. In addition, the historical Cranmer park, one of the three parks, provides endless recreational opportunities.

More Information:

Near-by Parks: Cranmer Park and Robinson Park

16 Minutes to DownTown

4 Minutes to Shopping Cherry Creek Mall

15 Minutes to I-25

Closest Grocery Store is Trader Joe’s 

Walk Score: 54

Bike Score: 68

Cole Postal Zip Code: 80220

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Denver Neighborhoods – Golden Triangle

Denver Neighborhoods – Golden Triangle 

The Golden Triangle is still undergoing many transformations. Denver’s Justice Center opened in late 2010. The Colorado State Judiciary building and the Colorado State History Museum opened in 2011. The Denver Art Museum’s new wing was completed in Fall of 2006, further developing the neighborhood’s art scene, which includes various art galleries such as the Clifford Still Museum and the Curious Theater Company. Even Denver’s prominent Evan & Byers Families who lived in the historical home now Museum. Not to mention the Denver Public Library is nestled in this neighborhood. The neighborhood is bustling with vibrant and various businesses.

 

 

Credit Denver.com

Credit Denver.com

The Golden Triangle is one of the older neighborhoods in Denver, with many single family Victorian homes and bungalows built in the late 19th and early 20th centuries. Between 1904 and 1919, Denver Mayor Robert Speer Completed his ambitious plan for the Civic Center area, addition many civic institutions and a neoclassic park to the north of the neighborhood. He placed a leafy concrete urban canyon around Cherry Creek, creating Speer Boulevard, the neighborhood’s western and southern border. After World War II, the golden Triangle bcame a business support area for the central business district. New condominium and loft developments came into the neighborhood, and many of the old supply stores and garages were transformed into restaurants, art galleries and small offices.

Golden Triangle   Google Maps

 

More Information:

Near-by Parks: Sunken Gardens Park and Civic Center Park

8 Minutes to DownTown

8 Minutes to Shopping 16th Street Mall

10 Minutes to I-25

Closest Grocery Store is Tony’s Market

Walk Score: 91

Bike Score: 96

Cole Postal Zip Code: 80204

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Denver Neighborhoods – Edgewater

Denver Neighborhoods – Edgewater 

The Edgewater neighborhood, located on the western edge of Sloan’s Lake, is growing in popularity for young home buyers due to it’s accessibility to downtown Denver and affordable home pricing. Edgewater got its start as a cluster of fishing shacks in the early 1900’s, but has since grown to a full town with its’ own style and energy.

Edgewater

Edgewater

Edgewater Park, overlooking Sloan’s lake is a great place for kids to play and hang out, for adults to meet and greet or go boating, and for dogs to run (on a leash of course) near the water’s edge. The towns mayor, city council and business people feel that Edgewater’s time has come to create a true neighborhood character. Based on the location of the park and lake, and the well-attended Dragon Boat Festival held each summer on the lake.

 

 

Photo Credit: JoyRide Brewing

Photo Credit: JoyRide Brewing

More Information:

Near-by Parks: Sloan’s Lake Park and Walker Branch Park

23 Minutes to Downtown

35  Minutes to Shopping at Cherry Creek or 25 minute to Colorado Mills Mall

10 Minutes to I-25

Closest Grocery Store: King Soopers 

Walk Score: 69

Bike Score: 75

Edgewater Zip Postal Codes: 80214

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Denver Neighborhood – Denver Country Club

Denver Neighborhood – Denver Country Club 

The Denver Country Club is located just west of the fashionable Cherry Creek Shopping center. This area extends from Speer Boulevard north to 6th Avenue and From Downing Street east to Oak Street. The heart of the Country club area is Country Club Place. It is a subdivision between Franklin and Race Streets. It was designed by William and Arthur Fisher who worked with prominent Boston architect, Fredrick Law Olmsted Jr. in 1909.

Photo Credit Cherry Hill Country Club

Photo Credit Cherry Hill Country Club

Only 380 homes comprise this magnificent neighborhood, which is still inhabited by many of the Denver’s most social and politically elite. The large, sprawling lots, historic homes, and proximity to both the actual Denver Country Club and Cherry Creek Fashion mall make this area one of the most exclusive areas in Denver. Wide, tree lined streets add to the elegant atmosphere.

More information:

Near by Parks: James N. Manley Park and Alamo Placita Park

21  minutes to Downtown

minutes to shopping – Cheery Creek Mall

minuets to I-25

Closest Grocery Store – Whole Foods

Walk Score: 66

Bike Score: 89

Denver Country Club Postal Code: 80218

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Denver Market Stats July

Denver Market Stats July

Wow things are really heating up in July! Denver Junes stats pushed the average home price up yet again.

www.dmarealtors.com sites default files content july_dmar_markettrendsreport1.pdf

**** Courtisy of DMAR

Although Denver has been on top of many a Media head line, those of us who are living breathing real estate have begun to notice a bit of a cooling.

Sellers are still getting great value from their homes. The big change is for the buyers, there are not as many mulitple offer situations, a little room for negotiation and not as much price testing from sellers.

The market is turning a bit more towards even for both sides.

If you would like to read the whole report you can click —-> July Denver Market Report 2015

Denver Neighborhoods – Cherry Creek

Denver Neighborhoods – Cherry Creek

The Neighborhood of Cherry Creek in Denver is characterized by a mixture of the old and the new. The Properties here are built in a range of different ages and styles. Condo’s, townhouses and even single family homes can be found in this neck of the woods. There is also a blend of residential and commercial areas within Cherry Creek, with quiet tree lined streets alongside some of the most popular shopping areas in Denver.

The commercial side of Cherry Creek is Focused along East First Avenue, where both the Cherry Creek Shopping Center and the Cherry Creek North shopping district are to be found. The Cherry Creek Shopping Center caters to the upscale market, with many designer boutiques and chains. Cherry Creek North is a 16 block district and contains numerous art galleries, boutiques, spas and restaurants. It is the hub of social activity in the neighborhood, with many events taking place in Fillmore Plaza Including films on Fillmore during the summer, the North Ice Rink in the Winter and the local Arts Festival, which is usually held around the Fourth of July. The neighborhood has excellent transport links to the rest of the city, with four major roads and a number of bus routes servicing the area.

Cherry Creek Denver

More Information:

Near-by Parks: Pulaski Park and Congress Park

10 Minutes to DownTown

1 Minute to Shopping (Cherry Creek Mall)

8 Minutes to I-25

Walk Score: 86

Bike Score: 79

Closest Grocery Store is Whole Foods

Cherry Creek Postal Zip Code: 80206

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Bank – Corespondents – lender

Bank – Corespondents – lender. Wait! There is a difference? What does each do and who may be a better fit for when you are looking into a home loan refinance or home purchase?

Mike Kenevan and Brett Baird top lenders in Colorado answer.

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For more information please feel free to contact Brett, Mike or myself.

 Sarah Bowles Colorado Native Realtor 720-83-SARAH (72724)

Brett Baird CityWide Lending 303-548-7334

Mike Kenevan AmeriFirst Lending 303-901-9978

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Lender Loan Credit

Lender loan Credit, what is it? How can they help or when can they  be given?

Colorado Top Lenders Brett Baird and Mike Kenevan are here to share!

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For more information please feel free to contact Brett, Mike or myself.

 Sarah Bowles Colorado Native Realtor 720-83-SARAH (72724)

Mike Kenevan AmeriFirst Lending 303-901-9978

Brett Baird CityWide Lending 303-548-7334

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Home Appraisal

Home appraisal, what is it? Why do you need it when you purchase a home? Why and how does that effect your loan and home purchase ability?

Mike Kenevan and Brett Baird, Colorado Top Lenders are here to explain.

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Now that you know a bit more, what if you are not purchasing but refinancing? This same process will still take place. However, if you are refinancing, make sure to reach out to me and I am happy to create an appraiser package to present to the appraiser to do all that is in your power to get the best value possible for your home. Please note, if you are out side of the Denver, Denver Metro Area I have affiliates that are also able to provide this service.

For more information please feel free to contact Brett, Mike or myself.

 Sarah Bowles Colorado Native Realtor 720-83-SARAH (72724)

Brett Baird CityWide Lending 303-548-7334

Mike Kenevan AmeriFirst Lending 303-901-9978

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