Tips for Home Sellers

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As 2016 comes to a close, the report spotlights how the hot real estate market fared this year, experiencing both record highs and lows.

In July, Denver-metro hit an all-time high for the average sold price of a home at $420,178 and median sold price at $365,000. February marked a record low for month-end inventory at 3,963; comparatively, the all-time high was in July 2006 at 31,989 listings.

“As we spend time with friends and family enjoying all the turkey and trimmings, we also give thanks to another hot summer selling season,” said Steve Danyliw, Chairman of the DMAR Market Trends Committee and Denver real estate agent. “In reflecting on the good and not so good of our summer housing market, the question on the mind of many REALTORS® today

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Hurry, hurry, hurry this cozy duplex won't last long!

The large living space is the perfect start to your new home.

The eat in kitchen has new granite countertops, marble backsplash and cabinets, with plenty of room to entertain. Laundry in unit is a major plus, combined with a large closet for storage, you can't beat it! Bathroom has original, extra large clawfoot bathtub, to add to the character this house already offers.

Baby room has great potential for office, mudroom, or more storage. Private backyard is great for pets, combined with low maintenance ease, and large storage unit in basement. This home is the full package. Don't miss out on the additional storage in the basement. Apartments across the street are being converted to condos,

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23 Questions to Ask New Home Builders

Live Urban Real Estate agents have been busy this year helping clients buy and sell homes all over the Metro Denver area, and they are finding that increasingly, due to the prolonged extremely low inventory situation, that more buyers are considering New Construction for their next home purchase.

We asked Live Urban agents to share the most important questions they think Buyers should ask New Home Builders, here is what they had to say:

1. What are the current taxes and what are they currently based on? Do you anticipate an increase, if so by how much?

2. What is the current HOA fee and what does it cover? Do you anticipate any special assessments in the near future?

3. What type of warranty do you

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Denver Metro Housing Report for November 2016

Year-over-year average price of homes sold is up 9.96 percent to $398,588. However, the number of homes sold in October dropped 11.43 percent compared to last year, and the pace of new listings coming onto the market is slow with 9.87 percent fewer homes year over year. Notably, 2016 represents a new record low in listings for October with 6,731, compared to the previous low record in 2014 with 6,748 listings. From 1985 to 2015, average active listings for October is 16,615. For comparison, the record high October was 2006 with 29,722 listings.

 

“With election season coming to an end, an important question we face is how it will affect the metro Denver housing market.” said Steve Danyliw,

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People often ask us where we think the market is headed.

Of course, without a magic crystal ball, it's impossible to tell the future, but indicators like this might mean that the Denver Metro area, which is very popular with homebuyers, will see a very strong housing market continue into Spring.

Young buyers could return to the housing market in droves this spring, according to a report due to be released Wednesday.

First-time home buyers now make up 52% of prospective buyers looking to purchase in 2017, up from 33% a year earlier, according to an analysis of web searches performed by Realtor.com, a real-estate listing website.

Buyers typically begin searching several months in advance, so the jump in activity could translate to increased

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It's really important to Price it Right.

Live Urban Real Estate Agent Kelly Kozlowski recently had the opportunity to turn lemons into lemonade by taking an overpriced listing, correcting the pricing, rolling out an innovative marketing plan, and negotiating to sell the home for OVER LIST PRICE in just a few days.

Thanks for letting us tell your story, Kelly, you ROCK!

If you want to know more about Live Urban Real Estate's strategies for selling YOUR Denver-area home, start here.

 

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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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