Here's another case study for the "It Sold Before You Could See It Here" files...
Sandi Klatt listed 100 Park Avenue West #405 recently for LIVE Urban Real Estate...but if you blinked, you missed it!
We asked Sandi a few questions:
LIVE Urban: Why do you think this property sold so quickly?
Sandi: DEMAND. ANYTHING IN THE UPTOWN AREA UNDER $300K LOOKS TO GO QUICKLY. ESPECIALLY IN A BUILDING WITH AS MUCH TO OFFER AS PARK AVENUE.
LIVE Urban: How many showings and offers did you receive before going under contract?
Sandi: INTERESTING...FOR THIS ONE I EXPECTED A LOT MORE SHOWINGS. FIRST DAY ONLY HAD TWO. THE OFFER SELLER ACCEPTED WAS FROM THE FIRST DAY. BUYER'S AGENT PUSHED EXTREMELY HARD TO PRESENT…
About this time every year, I pick up a copy of 5280 The Magazine to check out their Denver Real Estate guide. It typically provides pretty good insight into the state of the market in Denver at the time and highlights some of the hottest areas. And while it isn't always the most accurate source, I know lots and lots of buyers and sellers read it and rely on it when doing their shopping so I think it is a very important Real Estate guide to pay attention to.
I won't copy the entire article here, but I will point out some of the highlights that I think are important. To read the entire guide, click here. The first thing I always look at is which neighborhoods they picked for their top hoods. This year we have Wash Park East, South Park Hill, City
The Denver Market continues to accelerate...and the proof is in all of the listings that we keep seeing go Under Contract just days...and even hours...after they hit the market.
This property listed by Casey Shea for LIVE Urban Real Estate is a perfect example...if you blinked you probably missed it, it went Under Contract so quickly!
We asked Casey why this home sold so darn quickly...
LIVE Urban: Hey Casey, congrats on that quick sale! Why do you think the property went Under Contract so quickly...and were there any special circumstances or features that led to that result?
Casey Shea: I think it was just the lack of inventory in the neighborhood along with the high level of
Denver is the fastest selling Real Estate market in the country right now. With an average days on market of 25 days, Denver homes are selling two days quicker than the next hottest market of Oakland California. A new report out from Realtor.com lists the top 10 fastest selling homes in the country and this is the first time I've ever seen Denver at the top. With more and more people moving to Denver, affordable prices, great interest rates and so many attractive neighborhoods, it is not too difficult to figure out why homes are selling so fast. And with limited inventory available, I don't see this trend slowing down anytime soon so now is definitely the time to buy and sell. Let us know if we can help.
Denver metro area real estate sales picked up significantly in March as buyers got a head start on the selling season.
Sales of residential properties were up 31 percent for March 2014, with an average price of $310,992, up 5% over February. Under contracts also showed strong gains rising by 34 percent, month over month.
Additionally, homes spent less time on the market in March, with the average listing lasting just 47 days, an 8 percent decrease from February.
"We're seeing buyers and sellers moving early this year," said Kirby Slunaker, President and CEO of Metrolist, Inc. "Fortunately, while the market is moving quickly, there's an increasing inflow of new listings, which is a positive sign for buyers."
2723 West 43rd Avenue in Denver's Sunnyside neighborhood hit the market on Friday. 22 showings were scheduled in the first 48 hours, but listing agent Emily Hayduk of LIVE Urban Real Estate received three great offers in the first 24...it's crazy out there, and the moral of this story is...if you see a house online that you want to take a look at and have any chance at making an offer on, don't wait...see it asap and be ready to write an agressive offer.
We asked Emily....
Why do you think it sold so quickly?
The house sold quickly because it showed well, was in a fantastic location, was very clean and well taken care of, and was priced well.
What did you do to prepare the home for hitting the market?
The Seller had the…
That’s one reason that staging is so important. Staging benefits the seller regardless of whether the market is hot or cold. In a cold market, buyers don’t have to settle for anything less than the best and can choose the staged house that looks great and is move-in ready. In a hot market, buyers can go into a feeding-frenzy focusing on the” hot” property. You want your property to be the “hot” one. A well-dressed, sparkling house can attract lots of attention.
In a sellers market, more buyers are chasing fewer homes for sale. Homes sell quickly and often above asking price. You owe it to yourself to do what you can to blow away the competition. It feels great to get a bidding war going because your staged
While showing homes to buyers, this question is popping up more and more: “What is within walking distance?”
Home buyers are now looking for walkability, and they are willing to pay for it, according to a recent study. This change in attitude represents a major shift in priorities evolving over the past 20 years. Young adults are in the forefront of the change. Their parents left the high density of the city for a quiet suburban life of Andy of Mayberry. They were raised on “Friends” and want the life Chandler and the gang enjoyed at the Central Perk.
Real estate valuation has followed, with high square footage costs moving from the suburbs to cities. Currently, the most valuable real estate in Denver can be found in walkable areas such as Wash
Most people I know are always looking for ways to save a little money and help out the environment while they are at it. Here are 8 habit changes that save energy and money courtesy of www.GroundworkDenver.org. See if you can adopt just some of these this year and see the savings.
1) $83 a year by lowering the heat 3 degrees for 9 hours a day and raising the cooling 2 degrees. Over a 1000 pounds of C02 emissions a year. It takes less energy to bring a home back to a desired temparture than it does to leave the heat or AC on for extended periods of time. Program the heat and cooling to be lower or higher when not home or sleeping.
2) $45 and 500 pounds of CO2 emissions a year by lowering your hot water heater. Most hot water heaters are set at a
Baby Boomers are very different today than they were even twenty years ago...we find this especially to be true of LIVE Urban's Boomer clients! Whether they enjoy the vibrant arts, dining and music scene of Downtown Denver, or the abundant recreational opportunities on the Front Range, they might be looking for a lower-maintenance place to LIVE, but it's not because they CAN'T maintain a big home and yard, but because they prefer to spend that time and energy enjoying all that Metro Denver has to offer.
Better Homes and Gardens® Real Estate today released the findings of a national survey of Baby Boomers (ages 49-67) revealing this influential generation’s feelings of optimism about living an independent, active lifestyle; a lifestyle unrestrained