June 17, 2019

Neighborhood of Lowry - Denver, CO 80220

 

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.

 

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 1st Quarter -

TOTAL of both detached and attached homes -

29 properties sold ranging from $142,000 to $1,449,952

Average Days on Market - 122 days

 

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

Attached Properties -

17 properties sold, averaging $305,000

Days on Market - 78 days

Sellers saw 99.22% to list price

Homes were built from 1964 to 2018

 

Detached Properties -

12 properties sold, averaging $579,500

Days on Market - 186 days

Sellers saw 100% 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 -

29 properties are active ranging in price from $395,000 to $1,700,000

Days on Market - 213 days

These homes were built from 1995 - 2018

 

Under Contract listings -

23 properties are under contract ranging in price from $153,860 to $995,000

Days on Market - 28 days

These homes were built from 1954 to 2019

 

 

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

 

 

 

 

June 15, 2019

Forest Trace - NEW LISTING - Aurora CO 80016

 Just Listed this gorgeous Daniel model in Forest Trace hit the market and is NEAR NEW.    Just shy of two years old, Buyers will enjoy the fact the landscaping and window coverings are all complete!   All you have to do is --- MOVE IN!

 

23906 E. Calhoun Place

Aurora, CO  80016

Priced at $610,000

 

3 bedrooms plus a study/den

3 bathrooms

Over-sized 3 car split garage

2,330 finished on main floor, 2,312 in the Walk-out unfinished basement

Built 2017

 

 

This gorgeous ranch features hand-scraped hardwood flooring on the main floor, with the exception of the bedrooms.   The homes feel very large, with 10' ceilings, and has a very open floor plan.  The great room is massive and has a gas fireplace, excellent for larger gatherings.   The gourmet kitchen features top of the line stainless steel appliances to include the 5 burner gas cook-top and induction hood.   There was extended cabinetry added, and the pantry adds more storage to the kitchen.   The extended granite island gives the homeowner a great place for stools for the breakfast bar.

 

 

There are two secondary rooms, plus a study/den, and the laundry room has a utility sink and cabinetry with tile floors.   

The Master bedroom is huge, has a master en-suite with a walk-in closet that anyone can appreciate!

 

The office is sizable, and also has hardwood flooring.

The full walk-out basement has some framing, a secondary electrical sub panel with 100 amps has been added.   Lots of extra room if a Buyer needs more finished square footage and has 9' ceilings.    50-gallon water heater, A/C and humidifier.

 

Great deck (10x16.4) for entertaining, and with mountain views.   This home does not directly back to another, only their yards.   There is a gas line for the BBQ grill.    The garages are over-sized and both have garage door openers.

 

 

 

 

School-aged children will attend the highly acclaimed Cherry Creek Schools - Coyote Hills Elementary School, Fox Ridge Middle School, and Cherokee Trail High School.

 

Living in Forest Trace, there are a number of dining options (both casual and fine dining), retail shopping, grocery shopping, movie theater, hotels, and Urgent Care.   Easy access to E-470 and to Denver International Airport, along with about 10-15 minutes to Parker Adventist Hospital.  Aurora Reservoir is very close, giving residents lots of outdoor water entertainment.   There are no motorized vehicles allowed, but canoeing, kayaking, rafts, there is a beach and 8 miles of trails for walking, running or biking. 

 

 

 

If you would like to know more about this property - give me a call.   720-231-6373

 

 

   

Posted in New Listings
June 7, 2019

Luxury Home Sales in Denver - May 2019

 

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 back to a golf course or have water views.  (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.   

 

With Summer around the corner, is it time for a stellar back yard for entertaining or looking for a view of the mountains or water?

 

Here is how the luxury market fared for the month of May 2019 -

Total sales - 219 homes ranging from $1,000,000 to $4,250,000 (last month was 183 homes, so this sector of our market is heating up as well)

Average Days on Market - 61 days (last month was 70 days)

Average price per SF - $262.74 (last month was $271.67)

These homes were built from 1891 to 2020

The highest priced home sold was $4,250,000 in the Denver Metro and was in Old Cherry Hills. 

There were no short sales nor bank foreclosures sold this month.

 

**photo courtesy of REColorado

 

This home was the highest priced home sold for the month of May 2019 and was in Old Cherry Hills and sold for $4,250,000.   This custom home was built in 1980 with seven bedrooms, nine bathrooms and a 5-car garage on 1.28 acres.    This home has a total of 8,132 total square feet and was sold in 20 days.   

 

The first few months were slow around the Denver metro area, but both the luxury market and the resale/new construction market is now picking up for a brisk spring/early summer buying season.  Everyone can put away their snow boots, but a umbrella for the run and hail could be needed for showings!   Also, for those buyers looking to finance a property, the interest rate has decreased.

  

Looking for a home on acreage and private?    With mountain views?    Or would like to see what homes are for sale over $1,000,000?   There are current no bank owned properties for sale - but check back to see when they come on the market  bank foreclosure for sale.

 

    ** photo courtesy of REColorado

 

Today, you will find 845 homes for sale in the Denver metro area listed over $1,000,000 up to $19,750,000.   They have been on the market for an average of 129 days and these homes were built from 1884 to 2020.   There are two short sales currently for sale - one in Castle Rock for $1,069,000 and one in Golden listed at $1,075,000.   There are no bank owned properties right now.

 

There are 314 homes currently under contract over $1,000,000 up to $4,995,000 with an average 73 days on market.    These homes were built from 1889 to 2020.

 

With the equity increases we have seen over the last seven years, it is not unusual to see homes priced over $1,000,000 now all over the City.  In May 2015 there were only 35 homes that sold in Denver proper, this month there were 93 homes sold.

 

Enjoy Spring, summer will be here soon, and if you have thought about a home with mountain views and/or stellar outdoor entertainment areas, give me a call.  

 

 

June 4, 2019

Which day is BEST to look at homes for sale?

 

If you are looking for a home, I would first ask - what is your motivation?    If you desperately want a home, then you want to see those homes on the very first day on the market.   No matter which day it comes on.   If that Seller gets the offer they are looking for, they usually will take it.

 

 

If you are looking for a DEAL, then most homes do price reductions on Monday or Tuesday, as they did not see offers on the weekend.    We are seeing most reductions on Tuesday, so this is a great day to revisit those homes you find intriguing.   For a better deal, if a home has been on the market for more than one week, or even a month in certain price ranges, this could spell out D E A L.    If the Sellers priced it too high, that could be a reason why it sat on the market.   Some homeowners have not been given the fact that our market has shifted a bit, and pricing too high won't help a Seller.    

HOMES FOR SALE IN DENVER

 

If you are looking for a home, no matter what your motivation is - call me, I can be of service!  720-231-6373

 

Posted in Buyer Tips
May 31, 2019

NEW LISTING - 548 Darby Court, Castle Rock, CO 80104

 

This gorgeous two story home is located on a huge corner lot in a cul-de-sac and shows beautifully!   

 

 

548 Darby Court

Castle Rock, CO  80104

Priced at $500,000

 

 

~ 4 bedrooms plus a study/den plus a loft

~ 3 bathrooms

~ 2,858 square feet above ground, 1,385 square feet in the unfinished basement

~ over-sized 3 car garage (720 square feet)

~ Home built 2006

 

This home has a grandiose two story entry and living room with lots of windows for natural light.   There has been bamboo flooring added to the main level.  

 

The kitchen has room for LOTS of cooks with extended cabinetry, granite counters, all stainless steel appliances, gas stove with double ovens and an eating space plus two pantries.

 

The family room is open to the kitchen for a great flow, and has a gas fireplace with stacked rock and mantel, and has surround sound.

 

There are 3 good-sized secondary bedrooms on the upper floor along with the loft.  The Master bedroom is large with a master bath and walk-in closet.

 

Buyers have more opportunities for more finished square feet if they finish the basement.   There is rough in plumbing, 50 gallon water heater, A/C and a humidifier.

 

 

 

 

The yard is huge, has sprinklers and gives the homeowners lots of room for yard games and summer gatherings.

 

School-aged children will attend Douglas County Schools - Flagstone Elementary, Mesa Middle School and Douglas County High School.

 

 

Posted in New Listings
May 22, 2019

May Snowstorms in Denver

 

This year has been one for the books - Old Man Winter really shows his hand this year, and we saw upwards of 57" of snow, versus only 24" in 2018.     The storm this week Monday into Tuesday (mind you was 5/20) produced 20" in Black Forest - which is right outside Colorado Springs.    It has been 17 years since we have seen measurable snow this last in the year!   

 

When we see these late storms, it is always a heavy wet snow, which damages trees and in some cases, kills them.   We saw a few uprooted trees, and many broken branches throughout the City.    Some of the softer wood trees had the most trouble.     Driving down the major thoroughfares yesterday, we saw many arborists cleaning up branches that had fallen on or near the streets.

 

 

 

For those contemplating a move to the Denver metro area - there have been many years where we can barbeque  Christmas or Thanksgiving dinners outdoors, due to very warm temperatures.    IF we see snow, typically by noon the next day, it has melted, or at least the snow in the sun.     With years of low snowfall we usually experience drought and forest fires, so these years of seeing many snowfalls in a week, may be the best for Colorado.    Forest fires have taken many lives and homes, and pushed up the insurance rates in wooded areas in the mountains.  (if Buyers are thinking of buying in wooded areas, you may want to call your insurance agent!)    If you do buy in wooded areas, just know you will need to keep the grounds mitigated for pine needles, as they are tinder for a fire.

 

Always good to go out during the storm if it is coming down hard, and shake off the accumulating snow, so you won't have tree damage!  

 

 

 

Posted in Homeownership Tips
May 18, 2019

Town of Parker Market Update April 2019

 

You will find this quaint town Southeast of Denver proper, and about 20 miles or 30 minutes.  It is easy to catch the light rail at Lincoln, if you work downtown, or somewhere along the line.    There are about 64,000 residents in the Town of Parker, and main street is a fun place to dine or enjoy the retail outlets.

 

 

If you are looking to buy a home in Parker, there is quite the variety of price points.   You can buy a condo, or a multi-acre ranch outside the city limits, yet just a few minutes into town.    Here is what happened in the market this past month.

Sales for April 2019

163 homes sold ranging from $327,500 to $1,500,000

Average days on market - 31 days

Average sales price was $523,300

Sellers saw 100% to list price

These homes were built from 1972 to new builders (2019)

 

The highest sale was in The Timbers, and sold for $1,500,000.  This home was on 1.27 acres, built in 2018, has 4 bedrooms, 5 bathrooms and a 4 car garage.    The home had 4,941 total square feet and was on the market for a total of 159 days.

 

 

 

How are we doing this year?   January we saw only 98 sales, so sales are getting stronger.   Inventory was 198 on 2/11, and inventory on 4/15 is 293.    We are below last year's sales of 191, so the market has slowed down a bit.  This past winter sure seemed to last longer than past years, and February's sales were a bit slower.

 

There are currently 340 active properties on the market ranging from $369,900 to $12,900,000

Days on Market - 64 days

 

Parker Homes for sale

 

There are currently 334 properties under contract ranging from $339,000 to $2,000,000

Days on Market - 30 days

 

So whether you need a condo -

This one is in Ironstone listed for $210,000

 

 

Or you are looking for a single family home with a yard -

 

 

This home is in Meads Crossing and listed for only

$415,000.

 

 

 

 

 

 

Want to know what a home looks like for $12,900,000?    This home was built in 2001, has 11 bedrooms, 24 bathrooms and a TWENTY-NINE car garage!   There are 45,212 total square feet including out-buildings on 35 acres.

 

 

 

 

If you would like to know more about the Town of Parker, please give me a call.  720-231-6373 

 

May 17, 2019

What does it mean - Non-Buildable Lot?

 

Many Buyers are looking for land lately, and have had lots of calls for either a home on acreage, or maybe a good lot, and the Buyers can build "down the road".

 

On occasion you will see lots available, but says it is non-buildable at this time, and not sure when it will be.     Some of the lots in Larkspur for sale are on "streets" that are dirt, and not built out yet.   The City has to have the streets in so the fire trucks or emergency vehicles can get in and out of the area.   When the infrastructure is complete, then those lots can be built on.

 

 

Most lots do not have well/septic or even public water and sewer done.    When you buy a lot, you need to figure those fees into your budget.   Also, there will be a small water tap fee.    If thinking of building, this process has experienced a good-sized increase in pricing.   Lumber and other building supplies have really increased over the last few years.

 

Wondering how much an acre (or more) will cost you?

Vacant land for sale in Arapahoe County CO

Vacant land for sale in Douglas County CO

 

Sometimes looking at a resale and identifying what areas of the home needs updating may be less expensive than building a home from ground up.

 

Let me know if you have any questions on acreage.   720-231-6373

May 13, 2019

Denver Market Update - April 2019

 

The Denver real estate market saw a dramatic uptick in inventory this past month, which is normal for this time of year.  The sales were up 1.3% over last year's sales.   The total inventory has increased, but we are seeing some going under contract fairly quickly, especially in the lower price points.  The days on market decreased from last month identifying the buyers are out again.  Last month the days on market creeped up to 32 days, and dropped back to 28 for the month of April.  

 

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 increase in active listings however we have 8.8% more new listings than we did this time in 2018.   The under contract listings saw an increase (7.5%) over the same month 2018 and sold properties saw an increase from last year.   With 28 days on market, this still indicates we are experiencing a Seller's market, just is a bit slower paced versus past years. (April 2018 we saw only 20 days on market.)   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

 

Stats for the Month of April 2019

New Listings - 7,519 - up from 6,198 last month  (in 2018 it was 6,929)

Under Contracts - 7,154 - up from 6,186 last month (in 2018 it was 6,656)

Sold Listings - 5,044 - up from 4,392 last month (in 2018 it was 4,979)

Days on Market - 28 days - down from 33 days last month (in 2018 it was 21 days)

Average Sold Price - $496,451 - up from $415,000 last month (in 2018 it was $486,171)

Percent of Sold Price to List Price - 99.7%, up from 99.4%  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 has been slowly increasing and currently at 4.1% for January.   First time to experience higher than the national average of 4.1% in February.   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 expect 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.   Lockhead 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.

 

April 30, 2019

Sold - Harmony Park - Westminster CO

 

This home closed and the Buyers are moving in this weekend and luckily we have good weather (until Monday).    Was a smooth day closing their primary home, then off to do the walk through on this home, and over to the other title company to close this beautiful home.

 

The buyers wrote the offer for more than list price, as it was under-valued in MLS and the buyers were contingent on their home closing, and wanted these Sellers to accept their offer.   The home sold for $516,500.

 

We found reading glasses available for the clients closing, and we were having lots of fun with those!

 

 


 

 

Always fun assisting past clients with another transaction, and once we got their home under contract, it was time to get out and look for the replacement home.    The wife knows exactly what they want, and had lots of homes favorited once we were ready to start the search.

 


 

This home was top of the list, but before we were clear to start the search, it went under contract.  Very disappointing to the Buyers, but the DAY we started searching, in fact, we were just finishing the viewing for the day and got an interesting email.   The listing agent sent a blast email to everyone that had interest in the property letting them know the Buyer that had gone UC, wasn't aware of the house payment, and did not want to pay that much per month!  OH MY....

 

We rushed to get a showing set, wrote the offer after seeing the property.   Since my buyers are contingent, and their Buyers' buyers are contingent, the Seller was a bit uncomfortable with the double contingency, and said, after the inspections were resolved, they would review our offer.  That was a very long week, as my Buyers were on pins and needles and did not want to lose this home.   Luckily, our market is not as frenzied as it has been for the last several years! 

 

Once both inspections were resolved, we again submitted a new offer, and went under contract.    My Buyers were thrilled, and inspection went well, appraisal came in at value, and now they are packing feverishly preparing for their closings on both properties later this month.

 

So happy to see my clients happy in their new home now!

 

 

 

Posted in Sold Property