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June 30, 2009
In a study out today published by Standard & Poor’s and Fiserv Inc, home prices in Denver increased for the second consecutive month, and show the lowest year-over-year decline of the 20 cities included in the closely watched S&P/Case-Shiller index.
On its own, Denver showed a 1.5 percent increase in prices for April — only Dallas, at 1.7 percent, did better — and a 0.1 percent increase in March.
The year-over-year decrease for Denver was 4.9 percent, the best showing off any of the major cities in the index. Dallas, with a drop of 5 percent, was a close second according to the Denver Business Journal which published the report.
Just another sign that it is time to act before the deals are gone and the mysterious “bottom” we all search for is just that, a mystery we hope to find again.
 1. The first-time homebuyer tax credit has pulled renters off the fence in a big way - $8,000 is a great incentive to make a commitment to a property, and, especially in the $100,000 range as well as the $200-250,000 range, there isn’t anything left to show them! Do you have a cute little condo that you are tired of renting out? Are you outgrowing your home or your neighborhood? Are you just ready to move on up the property ladder? Now is the time, because that tax credit is expiring soon….properties have to CLOSE by December 1st to qualify. So get it ready and get it on the market, already! I think you will regret it if you don’t.
2. Everything is so darn green and lovely right now. I am loving showing homes with gorgeous green grass, blooming gardens, and luscious looking trees - these things sell houses, folks. Don’t wait til September, when the kids are heading back to school and everything’s all brown and dry looking.
3. Inventory is low, low, low. In most of Denver’s urban and sububurban hoods, properties that are ready to go and priced right are receiving multiple offers straight away. Isn’t that the market you want to sell your place in? In December, you might sit on the market for quite a while, and then end up lowering your price several times, before you finally get a bite.
Listen, no one knows where the market is headed, but I can tell you this - I have been unlocking doors non-stop for the last month. I am busier that I have ever been. It’s because there are loads of buyers out there, looking for a house to call home!
June 22, 2009
 Well I just got my first glimpse of the new zoning code map for my neighborhood, Sunnyside. According to an article in the recent North Denver Tribune Councilman Rick Garcia said this, ”This means that nearly all of my city council district will be rezoned to Single Unit Residential zoning district.” That’s it in a nutshell, but the issue is much more complex and in the Tribune article Garcia goes into some of the complexity.
Go to the New Code Denver website. Find your neighborhood map. Figure out what your new zone will be (I’m U-SU-C!) If you want to have any say in what your little part of the world is going to look like you better get involved now. In referring to meetings he has had to solicit community input Councilman Garcia said he would continue to respond to neighborhood questions “…as the new Code winds it’s way through Denver city council for adoption before the end of the year.”
This is it folks…speak now or forever hold your peace. Get informed, email the CPD, call your Councilman (Rick was very open to my input). You can make a difference but you have to get off your ass to do it!
This Wednesday the 24th is Denver’s own Bike to Work Day. It is a great opportunity to join fellow workers in seeing the benefits of biking to work along with qualifying for some great prizes and enjoy breakfast along the way. There is a great website set up with all the information you need. Click here: Bike to Work Day
 Biking to work in Colorado is a tradition. The City of Boulder first celebrated Bike to Work Day more than 25 years ago. CDOT then began promoting it statewide, and in 1995 the Denver Regional Council of Governments began helping the area’s cities and counties link their individual events together. Bike to Work Day is celebrated in many communities along the Front Range and in the mountains, but our region’s event is the largest in the state.There are a lot of great reasons to bike to work:
It’s a great way to fit exercise into your day;
Fewer cars on the road means less congestion on roads and pollution in the air;
Cycling energizes you to start your day and de-stresses you afterwards so you arrive at work and home feeling refreshed;
You save a lot of money on gas and maintenance for your car; and
You might surprise yourself by loving it.
June 19, 2009
 Check out these 6 units available in the popular Curtis Park/Ballpark neighborhood. Prices range from $223K to $330K for 2 and 3 bedroom condos with gorgeous quality finishes throughout. Granite/Stainless. Underground secure parking included in price. Its the best deal in the area! Contact me for more info and to set your private showing.
June 18, 2009
*Make sure to visit the Live Booth in front of our Office!
27th annual Highlands Street Fair
Saturday, June 20, 2009 10 am to dusk
The Neighborhood’s biggest event!
Live music on 3 stages
Tasty food
Beer and cocktails
Over 150 vendors with arts, crafts, and more!
A special fun zone just for the kids, a classic car show, and more!
Quick Facts
Free Event–no charge to attend the fair
Held annually for 27 years and counting
Attracts over 40,000 visitors
Live music from local bands play a variety of music throughout the day on 3 stages
Tasty food from a variety of cuisines
Beer and other liquid refreshments available
Over 150 artisan vendors of jewelry, clothing, home accessories, and all other kinds of fun stuff
Classic Car Show
The Highlands street fair is held annually on the Saturday of Father’s Day weekend, on 32nd Avenue between Perry and Julian Streets. The family friendly event is for all ages and it’s free. Attractions include a children’s area, classic car show, food courts and beer gardens, along with the vendors featuring everything from jewelry, photography, paintings, ceramics, leather goods, and clothing along the 32nd and Lowell intersection each year.
For more information, visit the website here.
June 16, 2009
 We’ve been talking about the new Denver Zoning Code and how it will shape Denver’s future. The rollout has begun. If you want to know more about the new code, what your neighborhood type is, or how you can find out the answers to these and other questions check out the City’s website here.
Great information there, including a schedule of District by District draft code/map workshops, Zoning Blogs, and a glossary of terms. Get answers to all your questions about what’s going to happen when there is no more R-1, R-2, or R-2b3cblah blah blah zoning.
The workshops are where the rubber will meet the road. Questions and answers about what the last couple of years work by Peter Park and the Zoning Code Task Force will mean to you. Who’s doing the mapping? Who decided what contex is correct for Sunnyside?
If you don’t get involved now you don’t get to complain later!!
Check it out.
June 15, 2009
More proof that real estate is local. We got the news last week that May foreclosure filings were down 6% from April. This was the first month-on-month decline since January. On top of that, the drop would have been larger except for increases in just a few states. And according to Realtytrac.com, Colorado isn’t even in the top 10 states with the most foreclosures anymore. Perhaps another sign we have hit bottom?
It’s important to note that the bulk of foreclosures are concentrated. If you take out the four states with the highest number of foreclosures, the remaining 46 states had only 1% of mortgages in foreclosure, according to the Mortgage Bankers Association. Also remember that not all homes with foreclosure-related filings wind up owned by the lenders. Many homeowners are able to refinance their loans or negotiate a loan modification or short sale.
June 12, 2009
In an article out today in the Denver Business Journal, the lack of lowered price homes on the market is highlighted. Our office has been experiencing this crazy market trend of late. We are seeing homes under $200,000 that 6 months ago would have sat for months on the market actually receive multiple offers now and sell for above asking price. If you have a home for under $300,000, now is the time to get it on the market. Check out the article below for more information on what is going on.
Denver Business Journal - Metro Denver’s for-sale housing market is experiencing its biggest disparity in 10 years, with a stockpile of homes worth $1 million or more but far fewer properties in the lowest price ranges.
On the surface, the for-sale housing market appears nearly balanced, with an overall five-month inventory of homes available for sale.
But a different picture emerges after examining inventory in specific price ranges, with nearly no homes available at the lowest price ranges and a stockpile of as much as five years at the higher price ranges, according to local residential real estate brokers.
According to Metrolist data, South Aurora and Northeast Denver have the most single family home sales year to date. Year-to-date home sales in that part of Aurora were 1,149, while northeast Denver sales were 1,115. Interestingly, the average sales price for South Aurora is $92,000 and Northeast Denver consisting mostly of the neighborhoods by DIA which has an average sales price of $152,000. These homes are in high demand and moving quick.
June 11, 2009
The Denver Post reported today that St. Charles Town Co. plans to redevelop the property near East High School as a retail center, including a grocery store. They’ve been talking with grocers Sunflower Farmers Markets and Sprouts Farmers Market about their interest in locating in an old Safeway most recently occupied by a church at the corner of Colfax and York. Hope it works out! Finally they’ll be a real buzz of activity in the area, especially with their recent redevelopment of the old Lowenstein Theatre, where the Tattered Cover bookstore and Twist & Shout music store are now located. Read more about it here. 
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