Nov. 26, 2020

Kidde Smoke Alarms - No Changing of Batteries

All these years, when I remind clients to change their clocks for Daylight Savings Time, another reminder was for everyone to change the batteries in their smoke alarms.   In the newer homes, this meant, A LOT of 9 volt batteries!   (now that they go in all bedrooms, hallways, etc.)

I had to buy a new one recently, and discovered Kidde has one now that has a longlife battery, and lasts for TEN YEARS.   No chirping at 2 am now!   

SO, if any of your smoke alarms are starting to turn a bit yellow, it could be time to change them out anyway.   This could be a good time to get these new ones, and never hear another chirping alarms for YEARS.

 

Posted in Homeownership Tips
Nov. 22, 2020

How did the Luxury Market Fare in Denver October 2020?

 

A Luxury Home can be identified differently in cities across the country, but in Denver, my Luxury blog posts will report on detached single-family homes listed in the Denver metro area for over $1 million.   Some have mountain and/or city views, some properties back to a golf course, or have water views all to compliment one's lifestyle.  (however, we don't have much water)  Some are updated with products from around the world, and some have expansive square footage or on acreage.     Whatever a Buyer is looking for, most likely if you have over $1 million, you can find it in Denver or in the surrounding suburbs.   

  

Here is how the luxury market fared for the month of October 2020

Total sales - 393 homes ranging from $1,000,000 to $5,500,000 (last month was 298 homes, 2019 was 143)

Average Days on Market - 60 days (increased from 48 days last month and 2019 was 69 days)

Average price per SF (Total) - $288.58 (last month was $293.12)

These homes were built from 1890 to 2020

 

The highest-priced home sold was $5,500,000 in the Denver Metro and is in Castle Pines Village.   This expansive home was built in 1990 and completely remodeled, on 1.41 acres with a 9-car garage.   This home has 5 bedrooms, 8 bathrooms, and 15,212 total finished square feet.  This home was on the market for only 21 days. 

 

There were no short sales sold, and no bank foreclosures sold this month.

 

I was predicting an interesting year of sales with the election in November but had no idea we would be facing this pandemic and affecting not only our real estate sales, but our entire economy.   Sales were very strong prior to COVID and definitely saw an early spring buying season.   For 8 weeks, there were no in-person showings, so after 5/8, this made all the difference.    Not many buyers wanted to buy a home sight unseen.   The stock market bouncing around a bit, leaving some buyers still on the fence for a purchase.  In June the luxury market starting seeing an abundance of closed properties.

  

Looking for a home on acreage and private?    With mountain views?    Or would you like to see what homes are for sale over $1,000,000?   There are currently no bank-owned properties for sale and there are no short sales listed.

Short Sale homes for sale

Contact me for bank-owned properties for sale

 


 Media rooms are in popular demand with being home more, this allows everyone to view movies, sporting events or concerts.    

 

Today, you will find 532 homes for sale in the Denver metro area listed over $1,000,000 up to $30,000,000.   They have been on the market for an average of 113 days and these homes were built from 1887 to 2021.   This amount has decreased from last month.

 

This listing listed for $30,000,000 is off I-70 after climbing into the mountains on 157 acres.  This home was built in 1999 and called Bear Mountain Ranch.   This home features 9 bedrooms, 10 bathrooms with a total finished 17,017 square feet, and a 7-car garage.   It also has two barns, an arena, workshop, and caretaker quarters.

 

There are 397 homes currently pending over $1,000,000 up to $9,500,000 with an average 75 days on market.    These homes were built from 1892 to 2021.    (This amount decreased from 443 last month.)

 

Here is how 2018 compared to 2019

Total Sales     2018 - 1,625        2019 - 1,810

Days on Market      2018 - 86 days     2019 - 61 days

Average Price Sold     2018 - $1,295,000      2019 - 1,300,000

% Seller Saw to List        2018 - 97.72%     2019 - 97.65%

 

With the equity increases we have seen over the last several years, it is not unusual to see homes priced over $1,000,000 now all over the City.  In October 2015 there were only 30 homes sold in Denver proper, this month there were 148 homes sold.

 

I have obtained my luxury marketing certification and has given me a multitude of new ideas.    If you have seen a home in this post this intrigues you, give me a call - 720-231-6373.   

 

 

Nov. 20, 2020

What is the Homestead Senior/Veteran Property Tax Program for Colorado?

This Colorado state program has been off and on in effect over the last few years.    It is still at risk for 2021, depending on the funding at the State level.

How would/could this help you?   If you qualify under the requirements for eligibility - you pay 1/2 your annual property taxes.

Requirements for Eligibility

  • Applicant must be a senior who is 65 years or older or a person called into military service pursuant to CRS 39-3.5-101 (1.8), on January 1 of the year in which the person files a claim.
  • All prior years' property taxes must be paid.
  • Applicant must own and occupy the property as their primary residence. The property cannot be income-producing.
  • The total value of liens against the property (mortgages, deferrals, and/or deeds of trust) cannot exceed 100% of the assessed market value.
  • Mortgage lender agrees that the state's interest in the property would take priority over all other interests.
  • If a qualified applicant has a reverse mortgage, the property is only eligible for future deferrals if a subordination agreement from the mortgage lender is submitted with the application.
  • The deferral amount must be paid upon sale or transfer of the property. The deferral amount can also be paid any time prior to sale or transfer without affecting future eligibility.

Procedure

  • Those who qualify must file an application with their respective county treasurer between January 1st and April 1st of each year.
  • Once approved, the county treasurer will issue a certificate of deferral to the property owner, keeping one copy on record and sending one copy to the state Treasurer's office. (Note: If property taxes are included in your mortgage payment, you should present a copy of your deferral certificate to the mortgage lender for a refund of the property tax monies held in escrow)
  • By April 30, the state Treasurer's office will pay the deferred amount to the county treasurer where the property is located.
  • The state Treasurer's office maintains an account for each tax-deferred property which accrues interest which is credited to the state's General Fund. Call the Treasurer's office for the current interest rate.
  • When the deferred amount is paid to the county treasurer upon sale or transfer of the property, that amount is then transmitted to the state Treasurer's office.

We shall see if this program survives with all the governments programs being reviewed this time of year!

 

 

Posted in Homeownership Tips
Nov. 19, 2020

Looking for a home on a larger lot in Arapahoe County Colorado?

 

These days many potential buyers are looking for a little space, maybe just a larger lot, maybe some acreage.   If this is what your dream has been, why don't you check it out!   Interest rates are low, so your dollars will buy you more right now, whether it is a larger home, or acreage.

 

Here are the homes for sale in Arapahoe County on .5 lots and larger.

 

Here are the homes for sale in Arapahoe County on 1+ acres.

 

Even though you may get an acre or more, if it is in a subdivision, there could be an HOA which may (or may not) have rules about what you can do and store on your lot.   If you want chickens, goat and cows, you need to be sure they are allowed.   If there is no HOA, no problem!    You may want to check with county zoning to be sure to have the rules on how many farm animals you can have though!

 

If you want views (mountain, lake, golf course) I can do this search for you, just give me a call.

 

If you need help with selling or buying a home, give me a call.   

Nov. 14, 2020

Denver Real Estate Stats - October 2020

 

The stats are out for the month of October, and it has been a strange year as far as stats!   As of end of October, we saw less new listings, less pending listings and less closed listings.   I think many Buyers were holding off due to the Election and wondering how the market would do.

 

The following data is courtesy of Joan Cox - House to Home, Inc.

 

Sellers should remember to list a home properly, as those over-priced 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

 

 

Buyers - If you have thought about buying a home this year - NOW IS THE TIME!   The interest rate is unbelievable - below 3%.  You can buy more home than you could just six months ago.

 

Sellers - Pricing your home is very important, and not start too high, or you will be sitting on the listing for a while, as you now have competition.  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.   I may recommend unless you HAVE to sell right now, it may be easier once showings are allowed.

 

 

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.

 

 

Nov. 13, 2020

The Fear of Friday the 13th?

 

Do you have a fear of Friday the 13th?    Many things good have actually happened, and many have won money through the lottery on this day.    Here are a few more good things -

 

  1. The superstition appears to have started in the 19th century.
  2. Many believe it is the combination of Friday, the unlucky day of the week, and 13, the unlucky number.
  3. Paraskevidekatriaphobia:is the fear of Friday the 13th.
  4. Spanish speaking countries regard Tuesday the 13th as unlucky.
  5. Italy traditionally considers Friday the 17th unlucky.  
  6. Julia Child died on Friday the 13th
  7. President Lyndon B. Johnson signed an executive order preventing gender discrimination in the government on October 13, 1967

  8. The first scientifically recognized dinosaur eggs were discovered on July 13, 1923.

 

Now, for the other side -

Black Cats and Friday the 13th

How did black cats get caught up in Friday the 13th?

 It was thought that witches turn their cats to black. Remember those movies with the witches stirring the kettle with the pointed hat and black cat?

Another popular cat fear occurs even when its not Friday the 13th. What happens when a black cat crosses your path? 

Another popular theory is  that when a woman owns a black cat she will have many suitors.

Hmmm… maybe we should include this on popular dating sites.

 

I know I TRY not to schedule a closing on Friday the 13th.....just in case!    Maybe even schedule very little, and get some personal items done, if possible.   But, I am not really a superstitious person, just being careful!

 

Happy Friday!

 

 



 

Nov. 12, 2020

Buying a Brand New Home

 

Buyers have choices when ready to buy a new home - either resale or brand new.     Builders right now are being very picky when it comes to Buyer representation.    If you sign in when you visit a new community, or put a check down for a lot, you cannot have a REALTOR represent you.  We MUST attend with you on the first visit.   Over the years, builders change their rules, and that is where we are right now in 2020.

 

The sales representative DOES NOT represent YOU!  They represent the builder and their best interest!   

 

I have had a few buyers needing over and above representation during a transaction, as things were not progressing how the buyer had thought and contracted for.   I have even had builder upper management at a closing because of issues that still were not addressed before the buyer was at the closing table!

 

Being represented by a REALTOR means we have a VOICE, not just one person (buyer).   If we make a lot of noise, our REALTOR community hears what a builder is doing, does not bode well for that builder.  Bad news travels very fast!  

 

Bottom line - if you are thinking of a BRAND NEW HOME, give me a call.   I will join you while you tour the models.  It could make a HUGE difference in your experience!

 

 

Nov. 11, 2020

Thank You to our Heros this Veterans Day 2020

 

Happy Veterans Day to those that have chosen to serve and are serving in our armed forces.     We honor our Veterans and join in on the celebration in Denver!  

 

Less than 1% of our nation is shouldering 100% of the burden of the wars in which we have been involved over the past several years.    Thank you to those who have served, or are serving to allow us freedom!

 

 

There are many restaurants that are honoring our Veterans.    

 

  HAPPY VETERANS DAY!

 

 


 

Nov. 6, 2020

Homes on Acreage in Douglas County Colorado

 

Have you always dreamed of owning a home in the Country?    Maybe having horses, cows, chickens or other farm animals?    Maybe just having an acre so the homes aren't so close together?    Maybe you would like to have a workshop to work on cars, bikes, or just for storage?   Do you collect cars?    You can find many homes that already have outbuildings or at least have the ability to build one.     Are you looking for a home you can look out your windows and see the beauty Colorado offers - not another home?

 

 

As of this post today there are 93 active listings in Douglas County Colorado with one plus acres, single family homes ranging from $575,000 to $12,900,000.    These homes are in the following cities - Franktown, Parker, Castle Rock, Littleton, Sedalia and Larkspur.    If you have a certain City in mind, you can refine your search criteria and set it for the City of your choice.   There are also a few BRAND NEW homes being built, if you prefer new!

Homes for Sale in Douglas County Colorado on acreage

 

65 of these homes have mountain views, and seven have golf course views.   Ready for a change?   2020 may be the year in which to make a move!    Give me a call and we can discuss your options!

 

Nov. 3, 2020

The Denver Luxury Real Estate Market - September 2020

 

A Luxury Home can be identified differently in cities across the country, but in Denver, my Luxury blog posts will report on detached single-family homes listed in the Denver metro area over $1 million.   Some have mountain and/or city views, some properties back to a golf course, or have water views all to compliment one's lifestyle.  (however, we don't have much water)  Some are updated with products from around the world, and some have expansive square footage or on acreage.     Whatever a Buyer is looking for, most likely if you have over $1 million, you can find it in Denver or in the surrounding suburbs.   

  

Here is how the luxury market fared for the month of September 2020

Total sales - 298 homes ranging from $1,000,000 to $5,500,000 (last month was 289 homes, 2019 was 133)

Average Days on Market - 48 days (increased from 50 days last month and 2019 was 89 days)

Average price per SF (Total) - $293.12 (last month was $270.91)

These homes were built from 1890 to 2021

 

The highest-priced home sold was $5,500,000 in the Denver Metro and is in Cherry Hills Village.   This expansive home was built in 2017, on .912 acres with a 7-car garage.   This home has 5 bedrooms, 7 bathrooms, and 9,924 total finished square feet.  This home was on the market for only 103 days. 

 

There were no short sales sold, and one bank foreclosure sold in Morrison for $1,675,00 this month.

 

I was predicting an interesting year of sales with the election in November but had no idea we would be facing this pandemic and affecting not only our real estate sales, but our entire economy.   Sales were very strong prior to COVID and definitely saw an early spring buying season.   For 8 weeks, there were no in-person showings, so after 5/8, this made all the difference.    Not many buyers wanted to buy a home sight unseen.   The stock market bouncing around a bit, leaving some buyers still on the fence for a purchase.  In June the luxury market starting seeing an abundance of closed properties.

  

Looking for a home on acreage and private?    With mountain views?    Or would you like to see what homes are for sale over $1,000,000?   There are currently no bank-owned properties for sale and there are no short sales listed.

Short Sale homes for sale

Contact me for bank-owned properties for sale

 


 

 

Today, you will find 641 homes for sale in the Denver metro area listed over $1,000,000 up to $30,000,000.   They have been on the market for an average of 113 days and these homes were built from 1887 to 2021.   This amount has decreased from last month.

 

This listing listed for $30,000,000 is off I-70 after climbing into the mountains on 157 acres.  This home was built in 1999 and called Bear Mountain Ranch.   This home features 9 bedrooms, 10 bathrooms with a total finished 17,017 square feet, and a 7-car garage.   It also has two barns, an arena, workshop, and caretaker quarters.

 

There are 443 homes currently pending over $1,000,000 up to $8,950,000 with an average 74 days on market.    These homes were built from 1885 to 2021.    (This amount decreased from 478 last month.)

 

Here is how 2018 compared to 2019

Total Sales     2018 - 1,625        2019 - 1,810

Days on Market      2018 - 86 days     2019 - 61 days

Average Price Sold     2018 - $1,295,000      2019 - 1,300,000

% Seller Saw to List        2018 - 97.72%     2019 - 97.65%

 

With the equity increases we have seen over the last several years, it is not unusual to see homes priced over $1,000,000 now all over the City.  In September 2015 there were only 32 homes sold in Denver proper, this month there were 120 homes sold.

 

I have obtained my luxury marketing certification and has given me a multitude of new ideas.    If you have seen a home in this post this intrigues you, give me a call - 720-231-6373.