Tips for Home Sellers

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From 9news:

DENVER - You may have seen them popping up in your neighborhood. Some of them look like big boxes. The City of Denver calls them Garden Court Townhomes.

On Monday night, the council has decided to stop issuing construction permits for those types of buildings, at least temporarily.

Dr.  Bob Vogel, who lives in Cherry Creek North, says they’re destroying the character of the neighborhood.

He's the president of the Cherry Creek North Neighborhood Association, which asked the council to place a moratorium on garden court townhome permits.

Council Member Wayne New helped to successfully lead the charge to stop them.

“I’ve got one that looks like a prison to me,” New said.

He says the problem stems from the ambiguity of the

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Denver is booming, you can see signs of this everywhere you look.

New buildings in our skyline, transit projects opening, and home prices skyrocketing. Between 2009-2014, Denver experienced the highest migration gain of any metro area in the US - 12,682 more millennials per year moved here than left (Hanc, 2016). The migration into Colorado has benefited our economy in many ways, but has led to a major shortage of housing. Migration is NOT the only culprit that has led to the rising cost of living in Metro Denver - the Construction Defect Law has effectively stopped all new construction of for sale condominiums (aka condos).

I urge you to take the time to learn about the Construction Defect Law to understand how this legislation is leading to

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Luxe turnkey end unit with lots of upgrades.

Beautiful view of Bluff Lake and Sand Creek. You'll love this location as the end unit, and easy walk to elementary school. This property is as good as new and about to get even better with the Eastbridge Shopping area being completed in the fall of 2016. Gourmet kitchen with cool granite countertops and upgraded stainless appliances.

Dining area with sliding doors to the newly completed patio area. TV/Media room and powder room also on the main floor. Upstairs are the guest bedrooms with a large full bathroom and the master retreat which an attached master bath.. The current study can be a bedroom as well. The laundry room is huge with roomy storage and shelving. Full unfinished basement for storage

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Buyers feel relief with price improvements and an abundance of listings. 

In July, for the entire residential market (single family and condos), there were decreases in nearly every category, including new listings, homes sold, average and median sold prices and overall sales volume. The only category showing an increase was active listings, up 9.89 percent compared to the month prior. 

 

“Who needs a national political convention for entertainment when we get to experience the Denver Metro real estate market?” said Anthony Rael, Chairman of the DMAR Market Trends Committee and Denver real estate agent. “July was an interesting month overall as so many seasonal factors converged, pushing nearly every statistical category into the red

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PaintCare One-Day FREE Paint Collection Event

Do you have buckets half-filled with old paint cluttering up your garage? Almost-empty containers of stain that you would love to get rid of? Save the date for this Paint Collection Event!

On Saturday, August 27th, Denver Recycles, in partnership with PaintCare will be hosting a FREE paint recycling collection event.

This event is free and open to all Colorado residents and small quantity business generators. Accepted items will include old latex & oil-based house paint and primers, stains, deck and concrete sealers, and clear finishes such as varnishes and shellacs. 

This event will take place at South High School at 1700 E. Louisiana Ave. from 8 AM to 3 PM.

To register to attend this event

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Floors. 

We get this question all of the time...what is the best flooring option for homes in the Denver Metro area?

We asked the team over at MacDonald Hardwoods, who spoke to over 200 interior designers across the United States about what they currently recommend to their customers, what their customers are requesting from them, and what trends they are seeing in flooring and design in 2016.

When they looked through the results, they found that 76% of our surveyed interior designers said they recommend solid hardwood flooring for homes that have pets. 

Check out the rest of these really interesting results, and visit macwoods.com for more information about flooring options.

Thinking about making an investment in flooring? Ask us

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What is the cost of waiting to buy a Denver home? This is a blog that I try to do twice a year and every time I write it, I think there is no way these numbers will come to fruition. But every time I've written it, the projected average price for a Denver single family home has always met or exceeded the projection and I don't expect it to be any different this time.

Based on job growth, the number of people moving to Denver, lack of inventory and sustained demand, it looks like the average price for a home in May of 2017 will be pushing $500K, right around $491,606. This is an incredible increase and evidence that we are not in a bubble and even more reason why it's still a great time to buy in Denver. 

 

I wish I could take credit for these

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The Denver City Council late Monday passed a measure to allow short-term rentals in private residences, after two years of discussion and community input on the issue.

The measure gives owners the ability to rent out a primary residence for less than 30 days. The new rules, which take effect July 1, will let owners rent out individual rooms or garage apartments on quiet residential blocks to people to use while traveling. Also, the homes can be rented out when the owner is away.

The council approved the measure 9-2, with Kevin Flynn and Rafael Espinoza voting against it. Council members Debbie Ortega and Robin Kniech were absent from the meeting.

The council also considered expanding the proposal to allow short-term rentals in second homes

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Photo: 1550 Ogden, a Capitol Hill historical condo listed by Brian Conley for Live Urban Real Estate.

Denver's Homes are Increasing in Value faster than any other US city.

According to the Denver Post:

Metro Denver is leaving last decade’s housing bust in the rear view mirror faster than any other major metro area in the country, according to a new study from HSH.com.

Home prices are now 49.1 percent above the old high they reached in the first quarter of 2006. That is the biggest increase from the prior decade’s peak among any of the 100 metros tracked in a home price index run by the Federal Housing Finance Agency.

Five of the other top 10 metros making the list for the strongest appreciation above the prior peak are all in Texas:

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New Denver condos. Meet the Mirador at Tennyson. Since there have been almost no new condos built in Denver the past 7 years, it's nice to finally see some new ones pop up. There aren't any huge projects like the Spire, but there are some smaller ones popping up that offer some really good options. I will keep posting new ones like these as I find them and as always, please let me know if you have questions about these and if you would like to take a look.

The Mirador at Tennyson building was originally built by the Shriners in the 1920's and is being thoughtfully restored to combine high-end, modern conveniences with a touch of historical charm. The Mirador is located across from Willis Case Golf Course in the Regis Berkeley neighborhood, roughly

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