Jan. 20, 2022

Aurora's Options for Senior Living

There comes a time where you need to move into a home with everything on one level and no stairs.    At this point of life, maybe you no longer want to do the yard work, maintain the exterior of your home or shovel snow anymore.  Whatever the reasons, there are a couple communities that focus on senior living.

 

Heather Gardens

You will find Heather Gardens in South Aurora off Yale near I-225 and is a 55+ active adult community.    You will find high-rise buildings, low-rise buildings, townhomes and patio homes, something for everyone.   Residents enjoy the 9 hole golf course and restaurant, clubhouse and all the activities planned.    The community is very walkable and not usual to see many residents walking daily.

Easy access to I-225, light rail, Aurora Medical Center and Cherry Creek State Park.

Here is the current active inventory in Heather Gardens.

 

Heritage Eagle Bend

You will find Heritage Eagle Bend off E-470 and Gartrell in Southeast Aurora, 80016.   This is an age restricted community and gated.   For those active 45+ residents, there is a 35,000 lodge-style clubhouse offering Antero Ballroom, outdoor terrace, Eagle's Nest Restaurant and many small rooms plus the outdoor pool.    There is always something going on at Heritage Eagle Bend!   

Enjoy the 18-hole championship golf course with panoramic views, and is open to the public.  There are single family homes, paired homes and townhomes to choose from.

Here is the current active inventory in Heritage Eagle Bend.

 

 

Let me know if you would like to know more information on either of these active adult communities!

There are other communities that provide ranch (one story living), but not age restricted, and I can assist you with that also.

 

 

 

 

Posted in Buyer Tips
Jan. 14, 2022

What to Know When Building A New Home

With the highly competitive resale market the country is experiencing, many consumers are choosing to build or contract on a new-construction home. This can be done by purchasing a lot and choosing a builder/general contractor to work with, or going directly to a builder (national or local) and choosing from their pre-planned options. Here are some things to consider and plan for when choosing one of these construction options.

Purchasing a Lot for Custom Build

· Ask seller if soil has been tested and water tap fee has been paid. Water tap fees can be expensive, potentially more than $20,000. Obtaining a soils report is required for the land development process, to determine foundation and drainage.

· Inquire about HOA restrictions, if applicable. Some HOAs require construction to be completed in a certain time-frame and may have rules around design and size.

· If financing, construction loans have different requirements and not all lenders offer them. Research your options to find the best fit.

Working with Production Builders

· Attend first visit with real estate agent.

· Ask about incentives, promotions, and financing options.

· Find out if you have the ability to choose finishes or add features such as additional outlets. Ask what appliances are included.

· Window blinds are not included so be sure to budget for them.

· Backyard landscaping and perimeter fencing are typically handled by the homeowner after closing. Check with builder on specifications and HOA approval process if applicable.

 

Working with Small or Independent Builders

· Attend first visit with your real estate agent.

· Request copy of contract and warranty information.

· Check on the ability to add options and choose finishes.

· Find out what the builder is including/offering for incentives, appliances, landscaping and fencing.

Construction Meetings and Independent Inspections

· Expect a walk-through with your construction rep at pre-drywall (8-12 weeks before closing), buyer orientation (7-14 days before closing), and final walk on closing day to confirm finished punch list items.

· Builder will provide approximate timeline as construction moves along.

· Builders allow independent inspections within a certain time-frame, and your agent can provide options and information. A sewer scope should also be considered. These are out-of-pocket expenses but a worthwhile investment to get your new home checked out by an independent professional.

The last two years have been challenging for construction, with unpredictable material costs, material shortages, labor shortages, and city/county inspection delays. This can be frustrating for all parties involved. Communication, patience, and flexibility are key for working through the process, and even enjoying it! Your brand new home will be worth it end the end.

 

This post was written by Laura Erwin and for more information on new construction contact Laura Erwin at (303) 353-8251 or laura@lauraserwin.com

 

Posted in New Construction
Jan. 13, 2022

How Did the Denver Real Estate Market Finish for 2021

 

The stats are out for the month of December, and sales this time of year do slow down seasonally, and the stats support that.   As of mid-January, we are still experiencing low inventory (hovering around 1,500 on weekends), down 64.7% over one year ago. I have had potential Sellers who want to list and buy, but are fearful of not finding a replacement home, so they will stay put, or wait until they see more inventory.   But when they do list, they sure are seeing a great bottom line!   Multiple offers are still happening, just not at the same pace, as we saw earlier this year.

 

 

With only around 1,500 listings available on the weekends, we are seeing fewer price reductions each week also.   The inventory generally picks back up after the New Year.

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

 

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 - hovering just above 3%.  You can buy more home than you could just 3 years ago.  Be sure to be pre-approved and know what your budget is!  Be prepared, many homeowners are asking for a 30 to 60-day rent-back to find a replacement home.

 

Sellers - My sellers are seeing a nice bottom line!    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.    If you are thinking of listing first part of 2022, and want me to do a walk-through of your home, let me know.  I can make suggestions to either garner more on the sales price, or make it more desirable to buyers! 

 

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.

 

 

Jan. 12, 2022

Thinking of Listing your Home this Year?

Even though homes are selling lickety-split, there are still items that if WE (Seller and me) work together on, this will ensure lots of showings, and better - multiple offers above list price!   

 

It is expected to see interest rates increase at least twice, and have heard maybe even three times this year, so if the market slows, marketing and preparation of the home is imperative!     I will walk your home to give a homeowner ideas of how to present the home and possible repairs that may need to be done prior to listing.   Buyers either want a total fix-up property, or move-in ready.    Some items will result on a higher bottom line, some items will make the home more desirable.

 

Putting a home on the market is definitely more than putting a sign in the ground, and together the homeowner and I are a TEAM, and will work together on this entire process to the closing table.     Communication is key, and believe this is my best attribute.   

 

Would you like to know what your home would sell for?     I like to price homes at fair market value, and let the Buyer bid it up, then the Buyers feel good with the purchase price!    Give me a call/text or email.

 

Posted in Seller Tips
Jan. 6, 2022

Relocating to Denver?

 

Have you thought about relocating to the Denver metro area?     Be sure to get a REALTOR with experience in relocation!    There is a difference when moving from house to house within the same area, and lots more goes into the conversation when moving from State to State!

I have worked with relocating buyers for 20+ years and know what questions to ask, and how to be the resource here in Denver when you go back home to finish the sale and/or pack!   

Read my blogs I have written on relocation  and here is a video I did for families.

 

Let my 25 years of experience guide you through a purchase and own a beautiful home in the Denver metro area!  

Posted in Relocation
Dec. 31, 2021

Town of Castle Rock CO - Market Update November 2021

 

 

The Town of Castle Rock is located about 30 minutes (29 miles) south of Denver and enjoys a population of 70,687.  The elevation of Castle Rock is 6,202 feet above sea level.   Castle Rock includes Castle Pines and many rural farm areas outside the City limits.

The Castle Rock real estate market for the month of September 2021 saw a slight increase in sales over the previous month.  These stats include Castle Pines and Castle Pines Village, single-family detached homes, and multi-family homes, courtesy of Joan Cox, House to Home, Inc.

 

Sales for November 2021

Sales - 210 properties sold ranging from $205,000 to $2,950,000 (last month -  219 sales)

Average Days on Market - 18 days (last month - 20 days)

Average Price $590,000

List Price/Sold Price - 100.59%   (last month - 100.02%)

These homes were built from 1950 to new builds (2021)

 

Inventory is dropping in Castle Rock (last month 221, today was 154 active listings) and sales dropped slightly for the month.   This is very typical for this time of year.   Fewer buyers and sellers don't want to move this time of year. 

 

The highest-priced property sold was $2,950,000 and is located in Castle Pines Village.   This home was built in 2007.   It has 5 bedrooms, 7 bathrooms, with a total of 6,065 square feet, and a 5-car garage on 1.26 acres.     

 

If you are looking for the current active listings in Castle Rock, including Castle Pines - here are the active listings in Castle Rock.   This amount has decreased also from last month (221 to 154 listings)

 

Looking for HOMES FOR SALE ON ACREAGE in Douglas County?

 

 

If you are currently looking in Castle Rock for your dream home, give me a call.   Use the link above to see what homes are currently available. 

  

 

Dec. 29, 2021

Thinking of Moving in 2022?

Are you thinking a new home is in your future in 2022?     Most of my clients have not moved in the last several years, and know some are itching to move!

 

If you are thinking of listing your home, give me a call and I can walk your home to let you know what could be done to increase your proceeds, or to identify items that could be repaired/replaced to make your home more desirable to buyers!     There are many things you can do that won't cost much!

 

Before listing a home, I always want to have my clients get pre-approved BEFORE listing their home, to ensure they can buy the home they are thinking of.    Nothing worse, than signing a contract, then finding out you cannot qualify, and at that point, you cannot back out of a contract.

 

The economists are saying the interest rates are expected to rise around .50% (two .25% raises) in 2022, but not sure exactly when.    They have also said the home values will slow down in 2022.   I know in May 2021, there was a 24% increase from 2020!    That cannot continue, or we will price many buyers out of this market.     They are thinking around 5%, which is still a good increase for homeowners, but not crazy for buyers!

 

Our inventory today is only 1,500, which is so low!    We did get up to around 4,200 listings earlier this year, but a stable market will have from 8-10,000 listings.    That is why there are multiple offers when a great home comes on the market!

 

I work hard for my sellers and buyers, and pass my 25 years of experience and knowledge onto my clients!    Need some help - I'll be here when you contact me!

 

Posted in Seller Tips
Dec. 27, 2021

How did Luxury Homes Sell in Denver in November 2021?

 

 

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 November 2021

Total sales - 365 homes ranging from $1,000,000 to $9,500,000 (last month was 357 homes, 2020 was 271)

Average Days on Market - 23 days (last month was 26 days last month and 2020 was 49 days)

Average price per SF (Total) - $330.58 (last month was $295.67)

These homes were built from 1880 to 2021

 

The highest-priced home sold was $9,500,000 in the Denver Metro and is in Eagles Nest Preserve in Evergreen.  This home was built in 2015, on 35 acres.  It has 6 bedrooms, 8 bathrooms and a 4-car garage.  This home has 21,692 square feet and was on the market for 505 days.    It was built to mimic the Biltmore Mansion in Ashville, NC.

 

Sales were strong for November, and believe the mild weather has helped our market.  (no snow)    96 of these sold homes were paid for with cash.

 

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?  

Short Sale homes for sale

Contact me for bank-owned properties for sale

 The kitchen is the hub of the home, are you looking to renovate this important room?   Or, maybe there is a home out there with a kitchen to yearn for?

 

Today, you will find 247  homes for sale in the Denver metro area listed over $1,000,000 up to $21,000,000.   They have been on the market for an average of 129 days and these homes were built from 1886 to 2022.   This amount has decreased minimally from last month.  There is one bank-owned property for sale in Genesee for $1,249,000 that was built in 2000 with 5 bedrooms, 3 bathrooms, 3-car garage on 1.16 acres.

 

There are 3268 homes currently pending over $1,000,000 up to $7,600,000 with an average of 75 days on market.    These homes were built from 1886 to 2022.    (This amount has decreased from 399 last month.)

 

Here is how 2019 compared to 2020

Total Sales             2019 - 1,810                  2020 - 2,739

Days on Market      2019 - 61 days              2020 - 53 days

Average Price Sold   2019 - $1,300,000       2020 - 1,302,500

% Seller Saw to List    2019 - 97.65%             2020 - 97.06%

 

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.  

 

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.   

 

 

Dec. 23, 2021

GO GREEN - Recyle Your Christmas Tree

Here are the drop-off locations around the City - REMEMBER to remove all nails, decorations, and stands prior to drop-off!

Aurora - 

12/27-1/10/22 residents may drop off real Christmas trees anytime at -

Del Mar Park - 12000 E. 6th Ave.

Olympic Park - 15501 E. Yale Ave.

Saddle Rock Golf Course - 21705 E. Arapahoe Road

If you would like the mulch, bring your own truck, bags, containers, and shovels - and will be FREE while supplies last.

Castle Rock - 

Drop-off dates: Dec. 26 through Jan. 31
Hours: Anytime
Founders Park, 4671 Enderud Blvd
Metzler Ranch Community Park , 4175 Trail Boss Drive
Paintbrush Park, 3492 Meadows Blvd.

Centennial - 

East Side Residents

It is anticipated free mulch will be available for private use, on a first come first serve basis, at Lookout Park starting Tuesday, December 28 and every other day after that, excluding holidays, weekends and snow events.

West Side Residents

  • Willow Spring Service Center, 7100 S. Holly St, in the designated enclosure by the front gate.

Residents may obtain free mulch, on a first come first serve basis, from the Willow Springs Service Center, beginning Tuesday, December 28. The mulch will be available weekdays, 7:30 a.m. - 3 p.m. Residents are responsible for loading and are encouraged to bring bags or trash cans and a shovel or pitchfork.

Cherry Hills Village - 

Curbside collection: Trees placed curbside are considered yard-waste and will be picked up and recycled as part of your weekly yard-waste collection. Trees that are decorated or wrapped in plastic bags or tarps will not be collected.

Denver - 

Put out your real Christmas tree on your designated trash day 1/3-1/14/22 and it will be picked up.  (during this time, there will be NO EXTRA pickups)   BE SURE to remove decorations, nails, stands and lights.   FREE mulch will be available to DENVER RESIDENTS ONLY at the mulch giveaway & compost sale in May.

Douglas County - 

Drop-off dates: Dec. 26 through Jan. 31
Hours: Anytime
Contact Information: Douglas County Parks at 720-733-6990
Mulch: Available on-site while supplies last

Bayou Gulch, 4815 Fox Sparrow Road, Parker
Challenger Regional Park, 17299 E. Lincoln Ave., Parker
Fairgrounds Regional Park, 500 Fairgrounds Drive, Castle Rock
Highland Heritage Regional Park, 9651 S. Quebec St.

Greenwood Village - 

The Village offers holiday tree recycling pickup to residents of single-family homes beginning in late December and continuing through January. Residents may place their trees curbside on their regularly scheduled trash day and Village crews will collect them to use as mulch. Please make sure the trees are separate from your household trash and all decorations have been removed. Beginning in December, residents may also drop their trees off in the north parking lot of Village Greens Park located at Dayton Street and Union Avenue (across the street from Cherry Creek High School). Dropoff continues through January. Look for the specific dates of this program to be posted in December and for more information, contact Parks Maintenance at 303-486-5750. 

Highlands Ranch - 

Drop-off dates: Dec. 25 through Jan. 17
Hours: Anytime
Contact Information: Highlands Ranch Metro District at 303-791-0430; Douglas County Parks for Highland Heritage Park (see below)
Mulch: Available on a self-serve basis on-site while supplies last

Dad Clark Park, 3385 Asterbrook Cir.
Redstone Park, 3280 Redstone Park Cir.
Toepfer Park, 9480 Venneford Ranch Rd.

Parker -

Drop-off dates: Dec. 25 through Jan. 29
Hours: 6 a.m. to 11 p.m.
Contact Information: Town of Parker at 303-840-9546
Mulch: Available on a self-serve basis on-site while supplies last for the first week in January.  Green and flocked trees accepted.

Salisbury Park (East paved parking lot), 12010 S. Motsenbocker Rd.

 

Real Christmas trees get dry the longer you keep them in your home.   Get them recycled, and don't be a statistic with a house fire! 

 

 

Dec. 16, 2021

How is the Denver Real Estate Market as we near end of 2021?

 

The stats are out for the month of November, and sales this time of year do slow down seasonally, and the stats support that.   As of mid-December, we are still experiencing low inventory (hovering around 2,000 on weekends), down 58.9% over one year ago. I have had potential Sellers who want to list and buy, but are fearful of not finding a replacement home, so they will stay put and remodel.   But when they do list, they sure are seeing a great bottom line!   Multiple offers are still happening, just not at the same pace, as we saw earlier this year.

 

 

With only around 2000 listings available on the weekends, we are seeing less price reductions each week also.   The inventory generally picks back up after the Christmas Holiday.

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

 

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 - hovering around 3%.  You can buy more home than you could just six months ago.  Be sure to be pre-approved and know what your budget is!  Be prepared, many homeowners are asking for a 30 to 60-day rent-back to find a replacement home.

 

Sellers - My sellers are seeing a nice bottom line!    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.    If you are thinking of listing first part of 2022, and want me to do a walk through your home, let me know.  I can make suggestions to either garner more with the sales price, or make it more desirable to buyers! 

 

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.