July 19, 2019

Are you Sitting on the Fence about a Home Purchase?

 

As in yesterday's post, renters should take a hard look at purchasing a property, whether it is a condo, townhome or a single family home.   MOST LIKELY, the mortgage payment will be less than the rent you are currently paying!

 

My lending partner did a chart showing a condo I have listed in Lowry - 3 beds, 2 baths, 1,315 square feet with a one car detached garage listed at $369,900.

 

 

When you buy a home, you may be able to change your deductions from your paycheck and see more each week, but check with your tax professional before doing so.   There are tax benefits by owning also - you can claim the mortgage interest you paid plus the property taxes on your income taxes - SAVINGS!

 

If you want to know more, give me a call, or Ben Martin to see what you can qualify for today.   The interest rates shown above are based on good credit.

 

Ben Martin

Alliance Mortgage Group

720-275-1455

BK@AMGLending.com

 

Corp NMLS # 1423395. This is not a loan estimate as defined by federal law. This is only a summary of various loan programs only. Information herein is subject to change and is not a commitment to lend. In compliance

with federal law, a written loan estimate will be prepared with three (3) business days of receipt of an actual loan application. This shall not be construed to create any contractual relationship by or between any party.

 

Posted in Buyer Tips
July 18, 2019

Did you Know? Buying versus Renting

 

The past several years have been tough for Buyers, and you had to have really thick skin to be in the market, and you still may have been bid out.     The market has shifted, and it is no longer that frenzied market we experienced for so long.   You won't have to wait in line to view a home, you MOST LIKELY won't be against ten other buyers, and interest rates are still historically low.

 

Have you looked at what you are paying, and not know what you can buy for the same amount?   Most often to BUY a property, whether it is a condo, townhome or a single family, most likely your house payment will be lower than your rent payment, and probably get more for your money.  Here is more information for Buyers contemplating a purchase.

 

PLUS, did you know you can claim the interest you paid on your mortgage and the property taxes on your income taxes?   This will save some each week, if you change your deductions, but check with your tax professional before doing so!

 

Below find a chart with information for a Buyer interested in buying a home listed for a ranch with 3 bedrooms, 2 bathrooms, and a 2 car garage built in 1986 with an unfinished basement - $369,900.

You do not need 20% down to get into a home, and the inventory has increased dramatically.   If you are paying $2500 for your home, then maybe you should call me and we can talk about your options.

 

 

Interest rates are based on one's individual credit, so give Ben Martin a call to see what you can afford, and what your house payment could/would be for a home!

 

Corp NMLS # 1423395. This is not a loan estimate as defined by federal law. This is only a summary of various loan programs only. Information herein is subject to change and is not a commitment to lend. In compliance

with federal law, a written loan estimate will be prepared with three (3) business days of receipt of an actual loan application. This shall not be construed to create any contractual relationship by or between any party.

 

Information provided by:

Benjamin (BK) Martin

Alliance Mortgage Group

720-275-1455

bk@AMGLending.com

 

 

Posted in Buyer Tips
July 17, 2019

Neighborhood of Stoney Brook - Denver 80237 Market Update for 2nd Quarter 2019

If you are looking for an attached property near the Denver Tech Center (DTC), this neighborhood could fit the bill.   Those who choose not to do exterior maintenance on their property - this is it!    No lawn work, no house painting and no snow removal needed by homeowner. 

 

 

Stoney Brook is located south of I-225, West of Yosemite, North of Belleview in the zip code 80237.    This community has a picturesque & park-like feel with plentiful mature trees, bushes, plants and ponds.    You will find both townhomes and condos, but all have two car garages.   These properties were built from 1971 - 1992 and have from 1,020 to 2,872 square feet above ground, and all townhomes have basements, some are finished.    The condos have a storage unit.  The townhomes have fenced in small back yards and most back to open space.  There are 282 units in this community.

 

Homes for Sale in Stoney Brook

 

 

**photos courtesy of REColorado

 

This location is perfect for those working in the Tech Center, you could ride a bike to work.   It has close proximity to the light rail, I-225 & I-25, a variety of shopping and dining from casual to elite.  Goldsmith Gulch runs along DTC Blvd, and is a great place to walk, run or bike.    With our many days of sunshine in Denver, you will see someone out in this park almost every day.

 

Here is how the 2nd Quarter 2019 fared -

4 properties sold ranging from $455,000 to $730,000

Average Days on Market - 21 days

Sellers saw 98.81% to list price

These homes were built from 1978-1982

 

Current Active properties - 2 ranging from $595,000 to $625,000

Average Days on Market - 82

These homes were built from 1978 to 1081

 

Current Under Contract properties - 2 ranging from $540,000 to $644,900

Average Days on Market - 75 days

These homes were built from 1980-1982

 

 

This community does have a pool and tennis courts, and the HOA fee covers exterior maintenance, water & sewer, snow removal, fitness center, outdoor hot tub and clubhouse, but does not cover the roof.

 

 

In 2018 - here is what happened in the real estate market - 

25 Properties sold ranging from $379,900 to $750,000

Homes were on the market for only 31 days

Sellers saw 98.96% to List Price

 

 

Those residents with school-age children, they will attend Denver Public Schools - Samuels Elementary, Hamilton Middle School, and Thomas Jefferson High School.

 

If you have thought about buying in the DTC, or selling your Stoney Brook home - give me a call!   720-231-6373

 

 

 

 

July 17, 2019

Need a Place to Cool Off?

 

 

Aurora Reservoir  is located in Southeastern Aurora and is a popular place especially on hot days or the weekends.   You will find Aurora Reservoir two miles East of E470 off Quincy.    You will find 800 acres of water surface to enjoy.

 

Westword named Aurora Reservoir "The Best Park for Fishing" in 2012, and remains a popular area for outdoor water activities.     The reservoir is also a water storage facility for Aurora's drinking water.     You will have many options for outdoor activities at the reservoir -

  • Boating - non-motorized only
  • Fishing
  • Archery
  • SCUBA diving
  • Bicycling
  • Walking, running
  • Wildlife viewing
  • Swim Beach
  • Rental of Paddle Boats
  • Handicap accessible fishing pier

 

When there are fishing tournaments scheduled or special events, there will be a link on the City's web site under Aurora Reservoir.  Looking for a location for a family reunion or a large picnic?    They have rental picnic facilities - 2 large shelters, 4 small shelters and one plaza gazebo.    You can make reservations and get more information for any of these facilities here.    There are seven facilities to reserve, make them early, so you don't miss out.

 

Need to know the rules before heading out?    Craft beer and wine are allowed (no glass containers), dogs must be on a 10' leash at all times, gas motors are prohibited, swimming in designated areas only.   To see ALL the rules - click on the link.   Gas motors are prohibited, only electric trolling motors allowed, and no portable gas tanks.   All bait types can be used, but you must have a valid receipt not more than 7 days old for live aquatic bait.  Charcoal & gas grills are allowed, but may not be used on sand beaches or native grass areas.  Grills must be located behind the white fence line that marks the beach boundaries.   No camping or overnight use allowed.

 

 

 

 

 

Please Be Aware.
On Saturday, August 3rd the park will be closed to the public for a private event.  

 

 

 

 

Need to know what homes may have water views around Aurora Reservoir?    They do come on the market but do not

linger, so give me a call, and I can watch for any new listings!     720-231-6373

  

 

July 12, 2019

Price Improvement - Ranch home in Dover - Aurora CO 80013

 

Don't miss out on this spacious open & vaulted ranch home with stellar mountain views in Dover!   There is a new price, and hard to beat with a single family detached home!

 

2125 S. Telluride St.   Aurora CO  80013

Priced at $359,900

 

 

This home features 3 bedrooms, 2 bathrooms and an over-sized two car attached garage.    There is 1,512 square feet on the main floor, plus another 654 square feet in the unfinished basement and does have a crawlspace.

 

The kitchen is spacious, has a couple skylights for added light, plentiful cabinets and counter space, plus room for a kitchen table in the eating space.    All kitchen appliances will remain with the home.   There is formal dining for the large family gatherings!    The spacious and vaulted living room has a gas fireplace.   

 

The master bedroom has its own bath with a shower that is easy to get in and out of!    The walk-in closet is a plus!

 

There is A/C for the upcoming warm months, a humidifier and the radon mitigation has already been done!

 

Enjoy the back yard with lots of bushes and flowers, and wait --- those mountain views!    Sit on the covered back deck and watch the beautiful Colorado sunsets over the mountains!

 

School age children will attend Aurora Public Schools - Vassar Elementary School, Mrachek Middle School and Rangeview High School.

 

Call me today for your private showing of this brand new listing!

 

July 11, 2019

Lowry Market Update - Denver CO

 

The Neighborhood of Lowry in Denver is conveniently located off Alameda and Quebec east of downtown Denver.   Lowry was the location of the Parade of Homes in 1998.    Being located 7 minutes to Cherry Creek and 12 minutes to downtown Denver, this is a highly desirable location.   



Lowry offers many types of housing from condos and townhomes to low maintenance patio homes and detached single family homes.    You will find some townhomes were the barracks used at Lowry Air Field that have been converted to open townhomes with generous square footage.   There are affordable condos being built now with income restrictions.

 

You will find pocket parks throughout the area, and residents love the ability to walk to Lowry Town Center.   There are many retail options, coffee shops, restaurants & nightclubs, along with Safeway and services.

 

Here is what happened in Lowry for the 2nd Quarter -

TOTAL of both detached and attached homes -

64 properties sold ranging from $153,860 to $1,850,000

Average Days on Market - 86 days

 

Since pricing varies so much, let's break it down to attached and detached for the second quarter -

Attached Properties -

34 properties sold, averaging $474,928

Days on Market - 89 days

Sellers saw 100% to list price

Homes were built from 1954 to 2018

 

Detached Properties -

30 properties sold, averaging $732,450

Days on Market - 83 days

Sellers saw 99.77% to list price

Homes were built from 1948 to 2018

 

What is currently available in Lowry?     Check it out - Lowry Homes for Sale

 

Active listings -

32 properties are active ranging in price from $325,000 to $1,700,000

Days on Market - 203 days

These homes were built from 1998 - 2018

 

Under Contract listings -

33 properties are under contract ranging in price from $158,000 to $1,375,000

Days on Market - 44 days

These homes were built from 1998 to 2019

 

 

If you are interested in property in Lowry, please give me a call.

 

 

 

I have a cute 3 bedroom/2 bath condo with a one-car detached garage for sale if you are interested in Lowry.  Check it out -

 

 

 

July 11, 2019

The Denver Real Estate Market Update - June 2019

 

The Denver real estate market saw an uptick in inventory this past month, which is pretty similar to what we saw in 2018 for these summer months, however, we are seeing 2,000 more homes on the market this year.  The sales were down 6.6% over last year's sales.   The total inventory has increased.    The inventory has increased 24.5% over last year.  The days on market has increased from last month, but still in the Seller's favor.  Last month the days on market rose to 24 days and dropped back to 23 for the month of June.   The torrential rainstorms we were seeing every afternoon most of June have dissipated for the most part.

 

The drop in interest rate did spur on sales, which is good, as it was much slower starting the new year versus past years.    The following data is courtesy of Joan Cox - House to Home, Inc.

 

Denver saw an giant increase in active listings, although lower than last month.   The under contract listings saw a slight decrease  (.3%) over the month of February 2018 and sold properties saw an increase from last year.   With 23 days on market, this still indicates we are experiencing a Seller's market, just is a bit slower paced versus past years.  Sellers should remember to list a home properly, as those overpriced homes will sit on the market.     (this includes land, attached properties, single family homes and up to the mega million dollar homes)  

 

See what homes are currently available - Active Homes for sale in Denver

 

Stats for the Month of June 2019

New Listings - 7,568 - down from 8,790 last month  (in 2018 it was 7,468)

Under Contracts - 7,062 - down from 7,258 last month (in 2018 it was 6,713)

Sold Listings - 5,635 - down from 6,000 last month (in 2018 it was 6,031)

Days on Market - 23 days - down from 24 days last month (in 2018 it was 19 days)

Average Sold Price - $501,550 - down from $503,337  last month (in 2018 it was $489,013)

Percent of Sold Price to List Price - 99.6%, down from 99.7%  last month

 

Buyers - inventory increased this month, giving Buyers more inventory now to view before making a final decision.   There are times you even can think about a purchase overnight, and not "lose the bid".  With the Interest rate reduction, buyers are thinking this is a good time to buy a home, and seeing increased activity.

 

Sellers - Pricing your home is very important, and not start too high, or you will be sitting on the listing for a while.  If you don't have showings, you won't see an offer!   If you are thinking of selling, but worried you won’t find a replacement home, I can enter into MLS the fact you require a contingency of a replacement home.

 

 

Denver’s unemployment rate took a dive and currently is at 2.4% for May.   First time to experience higher than the national average of 3.7% in June, showing Colorado is doing quite well!   Colorado’s population is 5.557 million, with the Denver metro area seeing 3.075 million and Denver proper is 683,096.   Denver has outpaced most large cities across the Country and expects to see by 2020 a population of over 3.3 million.   We are seeing many corporations relocating their headquarters or putting in a hub into the Denver metro area, creating job growth.   Lockheed Martin announced they are hiring many more employees.   See who else is adding employees.    Our state government is working hard on affordable housing issues for both the elderly and first time home buyers, with so many relocating into the Denver metro area.  I recently got a first-time buyer into an affordable housing development at a lower price than found elsewhere in the City.  The builder was offering first-responders a fabulous deal!

 

 

Homeowners - if you have thought about selling and like like a home evaluation, please let me know, I will contact you right away.  Relocating to Denver, and need some advice - see my Relocating to Denver information.

 

July 11, 2019

Near New Ranch Home for Sale in Aurora 80016

 

Ranch models are the most popular style homes buyers are looking for, and I have a wonderful listing that is just barely two years old and shows like a model home!    The window coverings and landscaping have already been done, and all you have to do, is MOVE IN!

23906 E. Calhoun Place located in Forest Trace - Aurora, CO  80016

Priced at $600,000

 

Homes being built now are in the $700,000s, so NOW might be the time to view this home!

 

 

This home was built by Richmond Homes, and is the Daniel model with 2,330 square feet on the mail floor and 2,312 square feet in the unfinished walk-out basement.    This home has upgrades throughout, especially in the kitchen!    Top of the line stainless steel appliances, induction hood, scratch-free sink, extended cabinetry for extra storage but does have a great pantry too.

The great room is massive, has a gas fireplace for those winter evenings, and a great open floor plan for entertaining!    There are 3 bedrooms plus a study/office with double glass doors.   The laundry is on the main floor making this home a wonderful place to "age in place".   

There is a low maintenance yard, and if you don't want to mow the front yard, it wouldn't cost much to hire that out!   This could be a great "lock and leave" property too!    Ready to travel?   This could be it!

There are great mountain views to watch the Denver sunsets!  Cherry Creek Schools!   Living in Forest Trace, you will be so close to Southlands Shopping Center which has a Farmers Market in the summer on Saturdays, outdoor concerts on Thursdays, many dining options, lots of retail options, and services too! 

Give me a call when you are ready to view this beautiful property!

 

 

July 1, 2019

SOLD - Home on Acreage In Larkspur, CO 80118

 

This family found me on the Internet around eleven years ago, and assisted them in their first Colorado home in Aurora.   It was amazing to see what they did with that house to create their home!    Just a short few years later they listed it, and multiple offers over a weekend, it was SOLD.    This one took a bit longer.

 

Home sold for $795,000

 

 

They ended up in Larkspur with beauty and nature surrounding them.    They loved not being jammed into a neighborhood, and the herds of deer that came their one acre lot.   Yes, there were mountain lions and an occasional bear too.    Living in Larkspur is like living in the mountains, it is at the base of the foothills.

 

This family prepared their home just perfectly, and showed like a model home!    The updates they did in the years they owned it, created more value.

 

The Buyers wanted an "orientation meeting" to go over how to manage some of the items in the home, and the first thing they said --- They were on the front porch and said - they were HOME!    They both had goosebumps!   You could not ask for better buyers --- the ones that LOVED the home, and could not wait until they moved in!  

 

Congratulations to my Sellers, and wishing them the best in the next chapter of their lives!   They bought a log home on 23 acres in Montana, but needed some updating, and won't be complete for another month.   Hope you come back to Denver at some point, but enjoy your new home!  

Posted in Sold Property
June 26, 2019

NEW LISTING - 2125 S. Telluride Court, Aurora, CO 80013 Neighborhood of Dover

 

Don't miss out on this spacious open & vaulted ranch home with stellar mountain views in Dover!  

 

 

This home features 3 bedrooms, 2 bathrooms and an over-sized two car attached garage.    There is 1,512 square feet on the main floor, plus another 654 square feet in the unfinished basement and does have a crawlspace.

 

The kitchen is spacious, has a couple skylights for added light, plentiful cabinets and counter space, plus room for a kitchen table in the eating space.    All kitchen appliances will remain with the home.   There is formal dining for the large family gatherings!    The spacious and vaulted living room has a gas fireplace.   

 

The master bedroom has its own bath with a shower that is easy to get in and out of!    The walk-in closet is a plus!

 

There is A/C for the upcoming warm months, a humidifier and the radon mitigation has already been done!

 

Enjoy the back yard with lots of bushes and flowers, and wait --- those mountain views!    Sit on the covered back deck and watch the beautiful Colorado sunsets over the mountains!

 

School age children will attend Aurora Public Schools - Vassar Elementary School, Mrachek Middle School and Rangeview High School.

 

Call me today for your private showing of this brand new listing!

 

Posted in New Listings