Our Real Estate Market

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Live Urban's Short and Sweet Market Snapshot

July is summer break for the Real Estate industry: this time of year, listings slow and buyers go on vacation. It’s no surprise that July’s real estate trends showed declines in new listings, sold homes, and sales volume as compared to June. What’s surprising is July’s numbers as compared to this time last year.

Finally, some great news for buyers!

Days on market have increased by 4% as compared to June and almost 12% since this time last year, as Sarah Bryant explained above. This means that buyers can save some of their “scrambling” for breakfast.

But…

Despite a slight decrease in average home prices since June, home prices are still on the increase as compared to this time last year (to

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Your Guide To Sending Your Kid to a Great School No Matter Where You Live!

The Best Denver Schools

Live Urban Real Estate believes that all children deserve a high-quality education. With Denver’s unprecedented residential listing shortage and continually booming popularity, some families are having difficulty finding a home within their preferred school zone. Often, buyers find themselves focusing more on finding a home they love while remaining in their budget and are unable to even consider what school zone the property is in. This can lead to disappointment and frustration, when future educational plans seem all but dashed.

But, we see a real opportunity for educational improvement amidst this low-inventory housing market. With all types of families moving into

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Do Millennials Hold the Keys to the Future of Homes?

Millennials Buying Homes in Denver

By Derek Schimmel
derek.schimmel@gmail.com

Do Millennials hold the keys to the future of homes? Mind the pun, but the fact remains: 18 to 34 year-olds make up the largest age demographic in the United States, and their innovations and ever-changing habits are altering the way we look at real estate each and every day. This is most notably seen in delaying what are widely regarding as some of life’s biggest choices — when to marry, have children, and buy a home. The latter on this short list seems to be taking a turn, as baby boomers’ babies are beginning to join the masses in the transition from renting to owning. And now that they’ve started, there is no end in sight.

In fact, the number of

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Denver’s hot real estate market isn’t just inflating home prices, it’s ballooning rental fees as well! If you’re considering buying a rental property, you’re onto something. High rental demand in and around Denver has created a landlord friendly market, just waiting for cashflow savvy investors. With these 10 simple steps to buying a rental property, you’re on your way to cashing-in passive income. 

Buying A Rental Property

  1. Find a Neighborhood Close to the Action (But Not in the Heart of it)

You don’t want to pay top dollar for a rental property and home price is all about location. In order to capitalize on the business of a city center while keeping purchase cost low, look to the outskirts of your closest city and avoid trendy neighborhoods.

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Denver neighborhoods have seen a lot of change thanks to the beauty, culture, and freedoms of the Mile High City! Based on first quarter data, five lesser known communities have staked their places amongst the best neighborhoods to live in Denver. The average Denver home price increases by less than 10% each year. But, these gems have produced far above standard price changes!

Waverly Acres: 26% Price Increase
Golden Hills: 29% Price Increase
Valverde: 29% Price Increase
Globeville:  35% Price Increase
West Colfax: 46% Price Increase

For more Denver Real Estate Market information, check out our most recent Market Report!

Waverly Acres

Located in Denver Metro’s Westminster, Waverly Acres sits alongside the picturesque Westminster City Park and

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Happy PrideFest 2017, Denver! We have a lot to celebrate - after all,  Denver’s first Pride Parade dates all the way back to 1976 and the city boasts an inclusive atmosphere throughout its neighborhoods, an environment that has slowly evolved over years of social progress. In honor of Denver PrideFest 2017, Live Urban Real Estate’s Live Proud has uncovered some juicy gay real estate information.

This month, Trulia cross referenced U.S. Census Data and OkCupid’s available dating information. What they discovered was quite interesting… neighborhoods with high “pride scores” (a zip code in which a comparatively high percentage of gay singles and couples live) tend to sell real estate at a higher cost per square foot: $86 more per square foot than

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Spring in Denver brought an uptick in active listings, under contracts, and average sold prices. Some stabilization in the market may be on the horizon though. The continued rise in cost of low-end properties will most likely cause less demand and a slow leveling off of home prices.

Live Urban Agent, MaryLemieux shares this month's market report.

 May 2017 Metro Denver Real Estate Report 

may 2017 denver metro luxery market report

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The Denver Post reported today that homeowners across metro Denver should brace themselves for notices of property valuation arriving soon in the mail that will weigh heavily on property taxes during the next two years.

How Much of a Denver Property Tax Increase?

That’s the news from seven metro-area county assessors, who on Tuesday held a news conference to announce spikes in median home property valuations, ranging from about 17 percent for single-family homes in Douglas County to 40 percent for all homes in Adams County.

In those counties — as well as in Arapahoe, Boulder, Elbert, Jefferson — Denver property tax increases will vary greatly, depending on factors such as neighborhood popularity, amount of new construction and affordability.

Denver property tax incrase map

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Published from The Colorado Association of REALTORS® Capitol Connection   We are excited to announce that a compromise on construction litigation reform was reached early Wednesday morning on HB-1279. This bill is sponsored by Representatives Garnett (D-Denver), and Saine (R-Firestone) and Senators Tate (R-Centennial) and Guzman (D-Denver). The bill was heard in the House State Affairs committee Wednesday afternoon where all six amendments that were agreed upon between stakeholders to reach a compromise were adopted. The bill also passed on second reading today in the House with one minor technical amendment. HB 1279 now has one final vote in the House before it goes over to the Senate for their consideration.      This has been a long…
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Great news coming out of the Colorado state legislature yesterday. As the Denver Business Journal reported, "After years of failed negotiations, business leaders and Democratic Colorado legislators finally have reached an agreement to move forward a bill that will reform construction-defects law."

With rising home prices and increasing concern about the lack of affordably housing in the Denver metro area, the bill aims to jump-starting what is largely a non-existent condominium construction market. Our data for the first quarter of 2017 illustrates the current condo market.

"Condominiums now make up less than 3 percent of the new housing stock in Colorado, and builders say they are unwilling to build because current law makes it too easy for

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