Tips for Home Sellers

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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

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Heading into spring selling season, Denver Metro home prices remain stable and inventory tight, according to Metrolist®.

The average sold price for new and existing homes in February—$294,565—was up 6 percent year over year and down just 3 percent compared to January. Prices for single family attached homes remained particularly strong, with February’s average sold price of $211,201 up 20 percent, year over year. Single family detached homes had an average sold price of $324, 581 in February, up 7 percent year over year.

Available inventory remains tight in the Denver Metro area. February saw a slight decrease in the number of homes for sale, with active listings decreasing by 2 percent compared to January but up 10 percent year over year.

Among

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Average Denver Metro home prices remained steady in January, signaling a strong 2014 for area real estate, according to Metrolist®.

The average sold price for new and existing homes in January—$302, 251—was down 3 percent compared to December but up 10 percent year over year. January saw a slight increase in the number of homes for sale, with active listings increasing 5 percent month over month and 7 percent year over year, but available inventory remains tight. Among properties sold in January, the average listing spent just 61 days on the market, a 22 percent decrease year over year.  The number of homes sold in January increased 3 percent, from 3,229 to 3,342.

With an average sold price of $206,503 for January, the single family attached market

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The “tipping point” has arrived in East Sloan’s Lake neighborhood.  Many thought it would happen ‘someday’ where the area would experience resurgence, and now it is clear, that day has come!

Twelve new construction projects, currently being constructed in the area near 17th and Federal and Sloan’s Lake. These projects are as diverse in range as a new city library, to the many multi-unit, modern properties, priced in the $500’s.

In addition, Two large city projects: Light Rail is completed and has been operating just blocks south, stopping at 13th and Federal with vast outreach and the planning/development of a new Sloan’s Lake City Center at the former St. Anthony’s Hospital site. All of this has created an exciting ‘buzz’ for the area.

With a

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In today's highly competitive seller's market in the Denver Metro area, we are once again needing to get a bit creative and thoughtful in order to not only find and secure homes for our homebuyer clients, but also to make the process more convenient for our clients who are selling their homes and wishing to buy another home.

So, what are the options?  

Obviously, NOW is an AWESOME time to sell.   There is very little competition up against your home, no matter what price range or part of the Denver Metro area it is in.

But, what if you sell your house quickly and then can't find another property to buy?

There are a few different ways that LIVE Urban agents are making this situation work out nicely for everyone:

1. Write a long contract.  What

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Inventory levels in the Denver Metro area just keep on dropping....making it difficult for ready, qualified homebuyers to find homes to purchase.

If you are thinking about selling any property in the Denver Metro area, now might be the time to get top dollar for it....with no competition on the market, interest rates still low, and many buyers actively looking.  If you are curious about what your home might be worth (did you know that property values went up about 11% on average in Colorado last year?) don't hesitate to reach out to a LIVE Urban agent who can help you decide whether now might be the right time to make a move.

Here are some URGENT BUYER NEEDS from some LIVE Urban Buyer's Agents...if you or someone you know has a home that might meet

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  When I start working with buyers looking for a home in a historic Denver neighborhood, per the buyer's choice, we always start out looking at bungalows, victorians and tudors. When you see the curb appeal of these style of homes, it is obvious why. These are the sexy homes, the ones that turn your head as your drive down the street.  

Unfortunately, the same can't often be said of the standard 50's ranch in Denver. However, I would say a good majority of the buyers that start out looking for the sexy home, end up buying a 50's ranch because it offers so much more space and a more usuable floor plan. When we get to this point I try to offer my buyers the option of a 50's ranch and give ideas on how to improve the curb appeal to achieve the

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  How important are good hospitals to home values in Denver? To be honest, this isn't a question I had considered until I found myself at Children's Hospital in Denver with my three week old son this week. Luckily, thanks to the amazing care we are getting at Children's Hospital, my son should recover perfectly and in 3 short weeks we will be back home. But what would it be like if we didn't have one of the top Children's hospitals in the world in our backyard?   Since I've been a little busy since we got here, I haven't had a chance to do research and find an exact percentage that hospitals add to a home's value, especially here in Denver. I do know that with so many young families in Denver and moving to Denver, having Children's Hospital so close…
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Alamo Drafthouse planned for West Colfax Ave. on Denver’s west side.   When it was announced a few weeks back that a movie theater was coming to the Sloan's Lake area it caused quite a stir and was the buzz of Facebook. As of now, the plans are for this 8 screen theater to be built on the site of the former St. Anthony's Hospital and anchor the redevelopment that will eventually include a mix of commercial and residential.   Alamo Drafthouse Theater can be found across the country with a location in Littleton. They are unique in that they offer a full-service food menu as well as serve beer, wine and cocktails. For more information about what they have to offer and what makes them unique, click here. Construction is expected to be completed in the fall of 2015. And for more information about the theater development,…
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Is Another Seller's Market Coming?

Currently, in the City of Denver, there are less than three months of housing inventory on the market, and the average home is on the market for only 40 days. That’s in contrast to this time last year, when there were four months of inventory and homes were, on average, selling in 60 days.  Common real estate wisdom suggests that when inventory numbers drop to less than a six month supply, it’s a ‘sellers’ market.’

(Find out more about this property here.)


So, if you’re thinking of selling your house, now is a great time. At the beginning of 2013, housing prices were predicted to increase around 3%. Instead prices skyrocketed with a 12% rise in the Denver area. Will we have that same kind of growth this year?

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